36BA.DE vs. CNRG
Compare and contrast key facts about L&G Battery Value-Chain UCITS ETF (36BA.DE) and SPDR S&P Kensho Clean Power ETF (CNRG).
36BA.DE and CNRG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 36BA.DE is a passively managed fund by Legal & General that tracks the performance of the Solactive Battery Value-Chain Index. It was launched on Jan 29, 2018. CNRG is a passively managed fund by State Street that tracks the performance of the S&P Kensho Clean Power Index. It was launched on Oct 22, 2018. Both 36BA.DE and CNRG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
36BA.DE vs. CNRG - Performance Comparison
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36BA.DE vs. CNRG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36BA.DE L&G Battery Value-Chain UCITS ETF | -1.13% | 5.40% | 0.20% | 5.45% | -17.07% | -2.51% | 7.23% |
CNRG SPDR S&P Kensho Clean Power ETF | 3.79% | 32.41% | -8.83% | -14.20% | -2.27% | -9.38% | 132.54% |
Different Trading Currencies
36BA.DE is traded in EUR, while CNRG is traded in USD. To make them comparable, the CNRG values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 36BA.DE achieves a -1.13% return, which is significantly lower than CNRG's 3.79% return.
36BA.DE
- 1D
- 0.53%
- 1M
- -1.29%
- YTD
- -1.13%
- 6M
- -0.75%
- 1Y
- 2.13%
- 3Y*
- 2.61%
- 5Y*
- -1.51%
- 10Y*
- —
CNRG
- 1D
- 1.09%
- 1M
- -2.26%
- YTD
- 3.79%
- 6M
- 5.47%
- 1Y
- 69.98%
- 3Y*
- 0.93%
- 5Y*
- -2.67%
- 10Y*
- —
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36BA.DE vs. CNRG - Expense Ratio Comparison
36BA.DE has a 0.49% expense ratio, which is higher than CNRG's 0.45% expense ratio.
Return for Risk
36BA.DE vs. CNRG — Risk / Return Rank
36BA.DE
CNRG
36BA.DE vs. CNRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Battery Value-Chain UCITS ETF (36BA.DE) and SPDR S&P Kensho Clean Power ETF (CNRG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 36BA.DE | CNRG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 1.76 | -1.39 |
Sortino ratioReturn per unit of downside risk | 0.54 | 2.25 | -1.71 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.29 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.56 | 4.13 | -3.57 |
Martin ratioReturn relative to average drawdown | 2.07 | 9.05 | -6.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36BA.DE | CNRG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 1.76 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | -0.08 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.50 | -0.62 |
Correlation
The correlation between 36BA.DE and CNRG is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
36BA.DE vs. CNRG - Dividend Comparison
36BA.DE's dividend yield for the trailing twelve months is around 4.79%, more than CNRG's 1.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
36BA.DE L&G Battery Value-Chain UCITS ETF | 4.79% | 4.73% | 4.75% | 4.15% | 2.94% | 1.76% | 0.87% | 0.00% | 0.00% |
CNRG SPDR S&P Kensho Clean Power ETF | 1.35% | 1.46% | 1.34% | 1.17% | 1.23% | 1.34% | 0.69% | 1.16% | 0.35% |
Drawdowns
36BA.DE vs. CNRG - Drawdown Comparison
The maximum 36BA.DE drawdown since its inception was -23.68%, smaller than the maximum CNRG drawdown of -65.46%. Use the drawdown chart below to compare losses from any high point for 36BA.DE and CNRG.
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Drawdown Indicators
| 36BA.DE | CNRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -68.49% | +44.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -17.73% | +13.61% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -59.32% | +36.14% |
Current DrawdownCurrent decline from peak | -11.24% | -33.53% | +22.29% |
Average DrawdownAverage peak-to-trough decline | -11.36% | -32.02% | +20.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 7.04% | -5.93% |
Volatility
36BA.DE vs. CNRG - Volatility Comparison
The current volatility for L&G Battery Value-Chain UCITS ETF (36BA.DE) is 1.92%, while SPDR S&P Kensho Clean Power ETF (CNRG) has a volatility of 9.88%. This indicates that 36BA.DE experiences smaller price fluctuations and is considered to be less risky than CNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BA.DE | CNRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 9.88% | -7.96% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 29.47% | -26.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.70% | 39.88% | -34.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 33.01% | -25.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 35.38% | -28.50% |