CNRG vs. ERTH
Compare and contrast key facts about SPDR S&P Kensho Clean Power ETF (CNRG) and Invesco MSCI Sustainable Future ETF (ERTH).
CNRG and ERTH 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. ERTH is a passively managed fund by Invesco that tracks the performance of the MSCI Global Environment Select Index. It was launched on Oct 24, 2006. Both CNRG and ERTH 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
CNRG vs. ERTH - Performance Comparison
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CNRG vs. ERTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CNRG SPDR S&P Kensho Clean Power ETF | 2.22% | 50.23% | -14.48% | -11.55% | -7.98% | -15.68% | 138.35% | 63.26% | -2.87% |
ERTH Invesco MSCI Sustainable Future ETF | 1.07% | 18.47% | -13.56% | 0.12% | -27.59% | 2.64% | 51.02% | 36.78% | -4.37% |
Returns By Period
In the year-to-date period, CNRG achieves a 2.22% return, which is significantly higher than ERTH's 1.07% return.
CNRG
- 1D
- 1.20%
- 1M
- -3.28%
- YTD
- 2.22%
- 6M
- 3.99%
- 1Y
- 82.17%
- 3Y*
- 3.13%
- 5Y*
- -3.01%
- 10Y*
- —
ERTH
- 1D
- 0.43%
- 1M
- -1.05%
- YTD
- 1.07%
- 6M
- -0.78%
- 1Y
- 23.98%
- 3Y*
- 0.23%
- 5Y*
- -5.35%
- 10Y*
- 7.24%
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CNRG vs. ERTH - Expense Ratio Comparison
CNRG has a 0.45% expense ratio, which is lower than ERTH's 0.55% expense ratio.
Return for Risk
CNRG vs. ERTH — Risk / Return Rank
CNRG
ERTH
CNRG vs. ERTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Clean Power ETF (CNRG) and Invesco MSCI Sustainable Future ETF (ERTH). 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.
| CNRG | ERTH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 1.18 | +0.95 |
Sortino ratioReturn per unit of downside risk | 2.62 | 1.79 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 4.75 | 1.92 | +2.84 |
Martin ratioReturn relative to average drawdown | 11.98 | 7.71 | +4.27 |
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
| CNRG | ERTH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.18 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | -0.23 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.19 | +0.31 |
Correlation
The correlation between CNRG and ERTH is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CNRG vs. ERTH - Dividend Comparison
CNRG's dividend yield for the trailing twelve months is around 1.35%, less than ERTH's 1.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
ERTH Invesco MSCI Sustainable Future ETF | 1.48% | 1.46% | 1.00% | 1.28% | 1.22% | 15.33% | 0.21% | 0.71% | 0.61% | 0.87% | 1.06% | 0.79% |
Drawdowns
CNRG vs. ERTH - Drawdown Comparison
The maximum CNRG drawdown since its inception was -68.49%, which is greater than ERTH's maximum drawdown of -64.45%. Use the drawdown chart below to compare losses from any high point for CNRG and ERTH.
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Drawdown Indicators
| CNRG | ERTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.49% | -64.45% | -4.04% |
Max Drawdown (1Y)Largest decline over 1 year | -17.73% | -12.78% | -4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -59.32% | -51.72% | -7.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.72% | — |
Current DrawdownCurrent decline from peak | -33.53% | -31.91% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -32.02% | -21.41% | -10.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.04% | 3.18% | +3.86% |
Volatility
CNRG vs. ERTH - Volatility Comparison
SPDR S&P Kensho Clean Power ETF (CNRG) has a higher volatility of 10.59% compared to Invesco MSCI Sustainable Future ETF (ERTH) at 6.75%. This indicates that CNRG's price experiences larger fluctuations and is considered to be riskier than ERTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNRG | ERTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.59% | 6.75% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 29.57% | 12.58% | +16.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 20.46% | +18.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.79% | 22.91% | +10.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.77% | 22.63% | +13.14% |