CNRG vs. KRBN
Compare and contrast key facts about SPDR S&P Kensho Clean Power ETF (CNRG) and KraneShares Global Carbon ETF (KRBN).
CNRG and KRBN 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. KRBN is a passively managed fund by CICC that tracks the performance of the IHS Markit Global Carbon Index. It was launched on Jul 30, 2020. Both CNRG and KRBN 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 KRBN.
Key characteristics
| CNRG | KRBN | |
|---|---|---|
| YTD Return | -15.98% | -7.23% |
| 1Y Return | -23.58% | -4.35% |
| 3Y Return (Ann) | -15.57% | 10.89% |
| Sharpe Ratio | -0.80 | -0.28 |
| Daily Std Dev | 29.04% | 22.85% |
| Max Drawdown | -59.60% | -36.42% |
| Current Drawdown | -57.48% | -20.53% |
Correlation
The correlation between CNRG and KRBN is 0.11, 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.
Performance
CNRG vs. KRBN - Performance Comparison
In the year-to-date period, CNRG achieves a -15.98% return, which is significantly lower than KRBN's -7.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CNRG vs. KRBN - Expense Ratio Comparison
CNRG has a 0.45% expense ratio, which is lower than KRBN's 0.79% expense ratio.
Risk-Adjusted Performance
CNRG vs. KRBN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Clean Power ETF (CNRG) and KraneShares Global Carbon ETF (KRBN). 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. KRBN - Dividend Comparison
CNRG's dividend yield for the trailing twelve months is around 1.47%, less than KRBN's 8.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
CNRG SPDR S&P Kensho Clean Power ETF | 1.47% | 1.17% | 1.23% | 1.34% | 0.69% | 1.16% | 0.35% |
KRBN KraneShares Global Carbon ETF | 8.19% | 7.60% | 22.91% | 0.49% | 0.00% | 0.00% | 0.00% |
Drawdowns
CNRG vs. KRBN - Drawdown Comparison
The maximum CNRG drawdown since its inception was -59.60%, which is greater than KRBN's maximum drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for CNRG and KRBN. For additional features, visit the drawdowns tool.
Volatility
CNRG vs. KRBN - Volatility Comparison
The current volatility for SPDR S&P Kensho Clean Power ETF (CNRG) is 7.58%, while KraneShares Global Carbon ETF (KRBN) has a volatility of 10.38%. This indicates that CNRG experiences smaller price fluctuations and is considered to be less risky than KRBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.