CNRG vs QCLN: Grades, Fees and Holdings Compared

State Street SPDR S&P Kensho Clean Power ETF

CNRGBNYSE Arca

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLNBNasdaq

Overlap

24.9%by weight

Expense ratio

CNRG −0.14pt a year

CNRG0.45%QCLN0.59%

Avg volume · 30D

QCLN 18.1×the volume

CNRG9.06KQCLN164K

5Y return · a year

CNRG +5.2pt

CNRG−5.6%QCLN−10.8%

CNRG vs QCLN Performance

Nov 2, 2021 – Nov 2, 2026

−24.9%CNRG−43.7%QCLN

Expense ratio: CNRG 0.45%, better; QCLN 0.59%
Fund size: CNRG $163M; QCLN $468M
1Y total return: CNRG −22.5%; QCLN −5.2%, better
Yield (12M): CNRG 1.65%, better; QCLN 0.12%
Holdings: CNRG 40; QCLN 58
Avg volume (30D): CNRG 9.06K sh; QCLN 164K sh, better
NAV per share: CNRG $78.65; QCLN $43.34
52W range

ETF.net Grade

Pillar letters and Scores for CNRG, QCLN, with each pillar’s weight
Pillar	CNRG	QCLN
Cost30% weight	A83Higher	C50
Mission25% weight	Not scored	Not scored
Risk15% weight	D35	C43Higher
Tradability15% weight	B57	A88Higher
Holdings10% weight	A79Higher	D32
Durability5% weight	A70	A76Higher

Rank among Clean Energy funds

How we build Categories ›

Same Category. CNRG and QCLN are both graded against the same 16 Clean Energy funds, so their Grades compare head to head.

Clean Energy⁠

Category · 16 funds

See all 16 ›

CNRG ranks 3rd and QCLN 6th of 16 funds in the Clean Energy Category.

Rank 1AICLNiShares Global Clean Energy ETFScore 80
Rank 2AFRNWFidelity Clean Energy ETFScore 77
Rank 3BCNRGState Street SPDR S&P Kensho Clean Power ETFScore 66
Rank 4BIBATiShares Energy Storage & Materials ETFScore 65
Rank 5BFANFirst Trust Global Wind Energy ETFScore 57
Rank 6BQCLNFirst Trust NASDAQ Clean Edge Green Energy Index FundScore 55
Rank 7CACESALPS Clean Energy ETFScore 52

Our read on each fund

ETF.net Research

CNRGBState Street SPDR S&P Kensho Clean Power ETF

QCLNBFirst Trust NASDAQ Clean Edge Green Energy Index Fund

In short

CNRG A focused read on clean power: about 40 global stocks tracked to an S&P Kensho index, at a fee below the clean-energy midpoint. Small fund, sharp mandate, one of the stronger builds in the theme.

QCLN Launched in 2007, an early arrival in clean energy that still runs the theme the old-fashioned way: a concentrated book of about 40 stocks tracking the Nasdaq Clean Edge Green Energy Index.

Stated mandate

CNRG The fund seeks to provide investment results that generally correspond to the total return performance of the S&P Kensho Clean Power Index before fees and expenses.

QCLN The Fund seeks investment results that generally correspond to the price and yield of its designated clean-energy index, before fees and expenses.

Why people hold it

CNRG Charges 0.45% a year, under the 0.59% median for clean-energy funds and below pricier peers like FAN (0.61%) and ACES (0.55%).
About 40 holdings, so each name carries real weight. This is a concentrated take on clean power, not a broad index with a green label stapled on.
Rules-based and global: it tracks the S&P Kensho Clean Power Index rather than leaving the theme to a manager's judgment.ssga.com
Live since 2018, giving it a longer record through the theme's boom and bust than most clean-energy launches.

QCLN A 2007 launch date means a long, public record across multiple clean-energy cycles, not a fund built for last year's headlines.
Straightforward job: track a published Nasdaq clean-energy index. No manager hunches, no derivative sleeve, no structural quirks flagged in our review.
Getting in and out is one of its stronger suits: among the more tradable funds in the clean-energy group.
The 0.59% fee sits right on the clean-energy category median, and income is paid on a quarterly schedule.

Worth knowing

CNRG Thinly traded compared with the theme's headline funds, which can mean wider bid-ask spreads at the moment you transact.
A concentrated slice of one policy-sensitive sector. Swings run harder than a broad equity fund's, in both directions.
Distributions come quarterly, but yield is incidental here. The fund is built around the clean-power theme, not payout.

QCLN About 40 holdings is a narrow bench. Single names carry real weight, and portfolio construction is the weakest part of the package.
The ride is demanding even by thematic standards; volatility is the biggest trade-off here.
Cost-first shoppers have cheaper doors into the theme: ICLN and FRNW both charge 0.39%.

Full CNRG profile⁠

Full QCLN profile⁠

CNRG vs QCLN Holdings

How CNRG and QCLN differ

Overlap by weight

24.9%

Shared holdings make up 51.2% of CNRG and 39.6% of QCLN.

Level by level

Holdings21 in both24.9%
Sector7 Sectors64.3%
Countryby domicile88.2%
Asset classEquity100%

Sector

Sector weights in CNRG and QCLN, widest gap first
Sector	More in CNRGMore in QCLN	CNRG	QCLN
Utilities	CNRG +19.9 points	32.6%	12.7%
Industrials	CNRG +15.9 points	35.2%	19.3%
Consumer Discretionary	QCLN +13.4 points	2.6%	16.0%
Energy	QCLN +9.0 points	2.5%	11.5%
Materials	QCLN +7.5 points	0.0%	7.5%
Technology	QCLN +4.1 points	27.1%	31.2%
Financials	QCLN +1.7 points	0.0%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in CNRG and QCLN, widest gap first
Country	More in CNRGMore in QCLN	CNRG	QCLN
United States	QCLN +11.2 points	79.7%	90.9%
China	CNRG +5.0 points	5.0%	0.0%
Brazil	CNRG +3.6 points	3.6%	0.0%
Canada	CNRG +1.9 points	5.7%	3.8%
India	CNRG +1.4 points	2.0%	0.6%
Israel	QCLN +0.5 points	3.0%	3.5%
Other countries (3)	QCLN +0.1 points	1.0%	1.1%

Concentration

Weight in the 10 largest Holdings

CNRG38.0%
QCLN60.9%

Securities held

CNRG38
QCLN57

Asset class

CNRG: Equity
QCLN: Equity

Holdings

Only in CNRG17
In both21
Only in QCLN36

Only in CNRG

17 securities, 48.8% of CNRG by weight

Constellation Energy4.33%
Transalta Corp4.23%
Ge Vernova Inc4.05%
Aes Corp4.03%
Nextera Energy Inc3.82%
Cia Energetica De Spon Adr3.60%
Avista Corp3.50%
Generac Holdings Inc3.37%
Tenaris SA Adr3.13%
Daqo New Energy Corp Adr3.09%
Valmont Industries2.65%
Canadian Solar Inc2.43%
Corning Inc2.41%
Jinko Holdings Ltd1.87%
Enel Chile SA Adr1.03%
Hyster Yale Inc0.98%
Tigo Energy Inc0.27%

Only in QCLN

36 securities, 60.3% of QCLN by weight

ON Semiconductor Corporation8.71%
Monolithic Power Systems, Inc.8.60%
Rivian Automotive, Inc. (Class A)6.16%
Acuity Inc.3.61%
Advanced Energy Industries, Inc.3.37%
Brookfield Renewable Partners LP3.26%
Albemarle Corporation3.04%
MP Materials Corp.2.67%
Vicor Corporation2.49%
EnerSys2.19%
Allegro Microsystems, Inc.2.16%
HA Sustainable Infrastructure Capital, Inc.1.81%
Itron, Inc.1.59%
Clearway Energy, Inc. (Class C)1.47%
Universal Display Corporation1.46%
SOLV Energy, Inc. (Class A)1.09%
Sociedad Quimica y Minera de Chile S.A. (ADR)0.99%
Power Integrations, Inc.0.93%
Navitas Semiconductor Corp. (Class A)0.84%
Amprius Technologies, Inc.0.48%
Lucid Group, Inc. (Class A)0.45%
Wolfspeed, Inc.0.44%
Willdan Group, Inc.0.42%
XPLR Infrastructure LP0.34%
Sigma Lithium Corporation0.30%
LSI Industries Inc.0.28%
Enovix Corporation0.26%
Aspen Aerogels, Inc.0.16%
Clean Energy Fuels Corp.0.12%
Montauk Renewables, Inc.0.12%
Gevo, Inc.0.12%
Polestar Automotive Holding UK Plc (Class A) (ADR)0.10%
Electrovaya Inc.0.10%
EVgo Inc.0.07%
NeoVolta, Inc.0.05%
Elevra Lithium Limited (ADR)0.03%

Weight gaps

All 21 Holdings in both funds, largest gap first.

Holding weights in CNRG and QCLN, widest gap first
Holding	More in CNRGMore in QCLN	CNRG	QCLN
Tesla IncTSLA	QCLN +6.46 points	3.32%	9.78%
Bloom Energy Corp ABE	QCLN +5.11 points	3.76%	8.87%
Ameresco Inc Class AAMRC	CNRG +2.96 points	3.23%	0.27%
Energy Vault Holdings IncNRGV	CNRG +2.78 points	2.99%	0.21%
Shoals Technologies Group ASHLS	CNRG +2.78 points	3.24%	0.46%
Fuelcell Energy IncFCEL	CNRG +2.64 points	2.98%	0.34%
American Superconductor CorpAMSC	CNRG +1.89 points	2.39%	0.50%
Array Technologies IncARRY	CNRG +1.87 points	2.07%	0.20%
Sunrun IncRUN	CNRG +1.85 points	2.53%	0.68%
Nextpower IncNXT	QCLN +1.52 points	2.83%	4.35%
Solaredge Technologies IncSEDG	CNRG +1.52 points	2.22%	0.70%
Renew Energy Global PLC ARNW	CNRG +1.36 points	2.00%	0.64%
Ballard Power Systems IncBLDP	CNRG +1.27 points	1.45%	0.18%
Plug Power IncPLUG	CNRG +1.25 points	1.97%	0.72%
T1 Energy IncTE	CNRG +1.17 points	1.47%	0.30%
First Solar IncFSLR	QCLN +1.08 points	2.81%	3.89%
Eos Energy Enterprises IncEOSE	CNRG +1.03 points	1.29%	0.26%
Enphase Energy IncENPH	CNRG +0.75 points	2.03%	1.28%
Ormat Technologies IncORA	CNRG +0.58 points	2.67%	2.09%
Fluence Energy IncFLNC	CNRG +0.57 points	0.88%	0.31%
Enlight Renewable Energy LtdENLT	QCLN +0.47 points	3.04%	3.51%

All 38 CNRG holdings⁠All 57 QCLN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CNRG vs QCLN Cost

Overpaying QCLN vs CNRG

$2,594

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CNRG 0.45%
$9,041
QCLN 0.59%
$11,635

Amount$10,000

Years30 years

Cost over time

CNRG 0.45%
QCLN 0.59%
Overpaying

Year by year

Year	CNRG	QCLN	Overpaying
10	$812	$1,058	$246
20	$3,128	$4,051	$923
30	$9,041	$11,635	$2,594

Expense ratio

0.45%CNRG, cheaper
0.59%QCLN

CNRG0.45%QCLN0.59%

0.38%0.79%

Middle half of Clean Energy funds
Median 0.59%

CNRG 3rd cheapest of 16 funds

QCLN 8th cheapest of 16 funds

CNRG vs QCLN Dividends

Last 12 months to Nov 2, 2026

Yield (12M): CNRG 1.65%, better; QCLN 0.12%
Payout (12M): CNRG $1.27; QCLN $0.05
Last payment: CNRG $0.36; QCLN $0.0068
Ex-dividend: CNRG Sep 21, 2026; QCLN Mar 26, 2026
Paid on: CNRG Sep 23, 2026; QCLN Mar 31, 2026
Frequency: CNRG Quarterly; QCLN Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CNRGQuarterly · 32 paymentsAll CNRG payments⁠

QCLNQuarterly · 32 paymentsAll QCLN payments⁠

CNRG vs QCLN Risk

Fall from peak · 5 years

CNRG
QCLN

Risk facts

VolatilityStd dev, 3 years: CNRG 34.4%QCLN 34.1%, better
Return per unit of riskSharpe ratio, 3 years: CNRG 0.31, betterQCLN 0.30
Worst fallMax drawdown, 5 years: CNRG −59.0%, betterQCLN −69.5%
Market sensitivityBeta, 5 years: CNRG 1.87QCLN 2.11; Market = 1

CNRG and QCLN in the news

All news⁠

Filings Digest
AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday
Oct 27, 2026CNRG
Deep Dive
The grid fund is more than five times the clean-energy flagship, and they barely overlap
Oct 26, 2026QCLN
Deep Dive
Solar funds fall 3% after the Fed hike. The 1,137 MW of PPAs pay from 2029
Sep 20, 2026QCLN

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