CRBN vs. CNRG
Compare and contrast key facts about iShares MSCI ACWI Low Carbon Target ETF (CRBN) and SPDR S&P Kensho Clean Power ETF (CNRG).
CRBN and CNRG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRBN is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Low Carbon Target Index. It was launched on Dec 8, 2014. 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. Both CRBN and CNRG 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: CRBN or CNRG.
Correlation
The correlation between CRBN and CNRG is 0.65, 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
CRBN vs. CNRG - Performance Comparison
Key characteristics
CRBN:
1.84
CNRG:
-0.33
CRBN:
2.50
CNRG:
-0.28
CRBN:
1.33
CNRG:
0.97
CRBN:
2.63
CNRG:
-0.17
CRBN:
11.47
CNRG:
-0.74
CRBN:
1.92%
CNRG:
13.82%
CRBN:
11.94%
CNRG:
30.59%
CRBN:
-33.13%
CNRG:
-59.60%
CRBN:
-3.23%
CNRG:
-56.49%
Returns By Period
In the year-to-date period, CRBN achieves a 19.89% return, which is significantly higher than CNRG's -14.03% return.
CRBN
19.89%
-0.18%
7.51%
20.83%
10.59%
9.59%
CNRG
-14.03%
-1.39%
-3.51%
-13.24%
8.93%
N/A
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CRBN vs. CNRG - Expense Ratio Comparison
CRBN has a 0.20% expense ratio, which is lower than CNRG's 0.45% expense ratio.
Risk-Adjusted Performance
CRBN vs. CNRG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI Low Carbon Target ETF (CRBN) and SPDR S&P Kensho Clean Power ETF (CNRG). 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
CRBN vs. CNRG - Dividend Comparison
CRBN's dividend yield for the trailing twelve months is around 1.93%, more than CNRG's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRBN iShares MSCI ACWI Low Carbon Target ETF | 1.93% | 2.01% | 1.95% | 1.57% | 1.41% | 2.26% | 2.51% | 2.05% | 2.27% | 2.01% |
CNRG SPDR S&P Kensho Clean Power ETF | 1.19% | 1.17% | 1.23% | 1.34% | 0.69% | 1.16% | 0.35% | 0.00% | 0.00% | 0.00% |
Drawdowns
CRBN vs. CNRG - Drawdown Comparison
The maximum CRBN drawdown since its inception was -33.13%, smaller than the maximum CNRG drawdown of -59.60%. Use the drawdown chart below to compare losses from any high point for CRBN and CNRG. For additional features, visit the drawdowns tool.
Volatility
CRBN vs. CNRG - Volatility Comparison
The current volatility for iShares MSCI ACWI Low Carbon Target ETF (CRBN) is 3.35%, while SPDR S&P Kensho Clean Power ETF (CNRG) has a volatility of 7.26%. This indicates that CRBN experiences smaller price fluctuations and is considered to be less risky than CNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.