CNRG vs. QCLN
Compare and contrast key facts about SPDR S&P Kensho Clean Power ETF (CNRG) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
CNRG and QCLN 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. QCLN is a passively managed fund by First Trust that tracks the performance of the NASDAQ Clean Edge Green Energy. It was launched on Feb 8, 2007. Both CNRG and QCLN 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 QCLN.
Key characteristics
| CNRG | QCLN | |
|---|---|---|
| YTD Return | -15.98% | -21.06% |
| 1Y Return | -23.58% | -23.67% |
| 3Y Return (Ann) | -15.57% | -19.05% |
| 5Y Return (Ann) | 12.25% | 9.70% |
| Sharpe Ratio | -0.80 | -0.69 |
| Daily Std Dev | 29.04% | 33.79% |
| Max Drawdown | -59.60% | -76.18% |
| Current Drawdown | -57.48% | -61.87% |
Correlation
The correlation between CNRG and QCLN is 0.89, 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.
Performance
CNRG vs. QCLN - Performance Comparison
In the year-to-date period, CNRG achieves a -15.98% return, which is significantly higher than QCLN's -21.06% 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. QCLN - Expense Ratio Comparison
CNRG has a 0.45% expense ratio, which is lower than QCLN's 0.60% expense ratio.
Risk-Adjusted Performance
CNRG vs. QCLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Clean Power ETF (CNRG) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). 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. QCLN - Dividend Comparison
CNRG's dividend yield for the trailing twelve months is around 1.47%, more than QCLN's 0.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNRG SPDR S&P Kensho Clean Power ETF | 1.47% | 1.17% | 1.23% | 1.34% | 0.69% | 1.16% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.80% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.24% | 0.72% | 0.79% | 0.41% |
Drawdowns
CNRG vs. QCLN - Drawdown Comparison
The maximum CNRG drawdown since its inception was -59.60%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for CNRG and QCLN. For additional features, visit the drawdowns tool.
Volatility
CNRG vs. QCLN - Volatility Comparison
The current volatility for SPDR S&P Kensho Clean Power ETF (CNRG) is 7.58%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 9.63%. This indicates that CNRG experiences smaller price fluctuations and is considered to be less risky than QCLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.