CNRG vs RNRG

CNRGBState Street SPDR S&P Kensho Clean Power ETF

RNRGDGlobal X Renewable Energy Producers ETF

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.

RNRG Most clean-energy funds buy the factories. RNRG buys the power plants: roughly 40 global companies that generate and sell renewable electricity. A utility-flavored take on the theme, running since 2015.

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.

RNRG The fund seeks investment results that generally track the price and yield performance of the Indxx Renewable Energy Producers 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.

• RNRG Owns the producers, not the plumbing: its index targets companies that generate and sell renewable power rather than panel and turbine manufacturers.
• One global basket of about 40 producers, so operators outside the US carry real weight instead of a token sleeve.
• Risk profile screens better than most of its clean-energy group, closer to contracted power operators than to boom-and-bust equipment makers.
• Trading since 2015, so it has lived through the theme's full boom and hangover rather than arriving at the peak.

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.

• RNRG At 0.65% a year it prices above the middle of the clean-energy shelf, and broader peers such as ICLN and FRNW charge less for wider coverage.
• Small and thinly traded, so spreads can be wide and size takes patience to work through.
• Producers-only and roughly 40 names: it moves differently from broad clean-energy indexes that lean on manufacturers and tech.

Full CNRG profile⁠

Full RNRG profile⁠