CNRG vs. CURE
Compare and contrast key facts about SPDR S&P Kensho Clean Power ETF (CNRG) and Direxion Daily Healthcare Bull 3x Shares (CURE).
CNRG and CURE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CURE is a passively managed fund by Direxion that tracks the performance of the Health Care Select Sector Index (300%). It was launched on Jun 15, 2011. Both CNRG and CURE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNRG or CURE.
Performance
CNRG vs. CURE - Performance Comparison
Returns By Period
In the year-to-date period, CNRG achieves a -15.17% return, which is significantly lower than CURE's 0.81% return.
CNRG
-15.17%
-1.81%
-4.02%
-4.93%
10.29%
N/A
CURE
0.81%
-21.53%
-14.14%
20.85%
10.76%
13.42%
Key characteristics
| CNRG | CURE | |
|---|---|---|
| Sharpe Ratio | -0.18 | 0.67 |
| Sortino Ratio | -0.04 | 1.08 |
| Omega Ratio | 1.00 | 1.14 |
| Calmar Ratio | -0.09 | 0.53 |
| Martin Ratio | -0.43 | 2.55 |
| Ulcer Index | 13.24% | 8.46% |
| Daily Std Dev | 31.51% | 32.07% |
| Max Drawdown | -59.60% | -69.19% |
| Current Drawdown | -57.07% | -28.66% |
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CNRG vs. CURE - Expense Ratio Comparison
CNRG has a 0.45% expense ratio, which is lower than CURE's 1.08% expense ratio.
Correlation
The correlation between CNRG and CURE is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
CNRG vs. CURE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Clean Power ETF (CNRG) and Direxion Daily Healthcare Bull 3x Shares (CURE). 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.
Dividends
CNRG vs. CURE - Dividend Comparison
CNRG's dividend yield for the trailing twelve months is around 1.75%, more than CURE's 1.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNRG SPDR S&P Kensho Clean Power ETF | 1.75% | 1.17% | 1.23% | 1.34% | 0.69% | 1.16% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CURE Direxion Daily Healthcare Bull 3x Shares | 1.51% | 2.02% | 0.38% | 0.02% | 0.17% | 0.40% | 0.70% | 0.18% | 0.00% | 0.00% | 0.00% | 1.24% |
Drawdowns
CNRG vs. CURE - Drawdown Comparison
The maximum CNRG drawdown since its inception was -59.60%, smaller than the maximum CURE drawdown of -69.19%. Use the drawdown chart below to compare losses from any high point for CNRG and CURE. For additional features, visit the drawdowns tool.
Volatility
CNRG vs. CURE - Volatility Comparison
SPDR S&P Kensho Clean Power ETF (CNRG) and Direxion Daily Healthcare Bull 3x Shares (CURE) have volatilities of 10.11% and 10.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.