CNRG vs. VGT
Compare and contrast key facts about SPDR S&P Kensho Clean Power ETF (CNRG) and Vanguard Information Technology ETF (VGT).
CNRG and VGT 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. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004. Both CNRG and VGT 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 VGT.
Key characteristics
| CNRG | VGT | |
|---|---|---|
| YTD Return | -17.84% | 2.46% |
| 1Y Return | -26.86% | 29.58% |
| 3Y Return (Ann) | -16.55% | 10.39% |
| 5Y Return (Ann) | 12.43% | 19.65% |
| Sharpe Ratio | -0.94 | 1.63 |
| Daily Std Dev | 29.04% | 18.24% |
| Max Drawdown | -59.60% | -54.63% |
| Current Drawdown | -58.41% | -6.46% |
Correlation
The correlation between CNRG and VGT is 0.60, 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.
Performance
CNRG vs. VGT - Performance Comparison
In the year-to-date period, CNRG achieves a -17.84% return, which is significantly lower than VGT's 2.46% 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. VGT - Expense Ratio Comparison
CNRG has a 0.45% expense ratio, which is higher than VGT's 0.10% expense ratio.
Risk-Adjusted Performance
CNRG vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Clean Power ETF (CNRG) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
CNRG's dividend yield for the trailing twelve months is around 1.50%, more than VGT's 0.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNRG SPDR S&P Kensho Clean Power ETF | 1.50% | 1.17% | 1.23% | 1.34% | 0.69% | 1.16% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.73% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
CNRG vs. VGT - Drawdown Comparison
The maximum CNRG drawdown since its inception was -59.60%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for CNRG and VGT. For additional features, visit the drawdowns tool.
Volatility
CNRG vs. VGT - Volatility Comparison
SPDR S&P Kensho Clean Power ETF (CNRG) has a higher volatility of 7.37% compared to Vanguard Information Technology ETF (VGT) at 6.33%. This indicates that CNRG's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.