CTEC vs. CTEX

Last updated Aug 2, 2026

CTEC (Global X CleanTech ETF) and CTEX (ProShares S&P Kensho Cleantech ETF) are both Alternative Energy Equities funds - CTEC tracks the Indxx Global CleanTech Index while CTEX tracks the S&P Kensho Cleantech Index. Both are passively managed. Over the past 3 years, CTEC returned -8.89%/yr vs 1.78%/yr for CTEX. Their correlation of 0.89 means they have usually moved in the same direction. CTEC charges 0.50%/yr vs 0.58%/yr for CTEX.

Performance

CTEC vs. CTEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X CleanTech ETF (CTEC) and ProShares S&P Kensho Cleantech ETF (CTEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTEC achieves a 0.96% return, which is significantly higher than CTEX's -4.20% return.

CTEC

• 1D: -1.40%
• 1M: -13.10%
• 6M: -12.62%
• YTD: 0.96%
• 1Y: 36.60%
• 3Y*: -8.89%
• 5Y*: -10.58%
• 10Y*: —
• ALL TIME*: -5.85%

CTEX

• 1D: 0.05%
• 1M: -16.09%
• 6M: -14.26%
• YTD: -4.20%
• 1Y: 45.57%
• 3Y*: 1.78%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -3.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CTEC Global X CleanTech ETF	$93.75K	$133.47K	$261.03K
CTEX ProShares S&P Kensho Cleantech ETF	$35.29K	$31.66K	$63.75K

CTEC vs. CTEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CTEC Global X CleanTech ETF	0.96%	57.85%	-36.35%	-25.60%	-16.82%	-4.92%
CTEX ProShares S&P Kensho Cleantech ETF	-4.20%	67.74%	-20.38%	-10.25%	-20.38%	-6.68%

Correlation

The correlation between CTEC and CTEX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	0.89

The correlation between CTEC and CTEX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

CTEC vs. CTEX - Sectors Allocation Comparison

Sectors	CTEC	CTEX
Industrials	53.6%	45.1%
Technology	16.1%	38.1%
Energy	12.5%	2.3%
Basic Materials	4.1%	-
Consumer Cyclical	2.8%	2.6%
Utilities	1.7%	11.9%
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

CTEC vs. CTEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CTEC

CTEC Risk / Return Rank: 34
CTEC Sharpe Ratio Rank: 36
CTEC Sortino Ratio Rank: 38
CTEC Omega Ratio Rank: 35
CTEC Calmar Ratio Rank: 30
CTEC Martin Ratio Rank: 33

CTEX

CTEX Risk / Return Rank: 36
CTEX Sharpe Ratio Rank: 37
CTEX Sortino Ratio Rank: 39
CTEX Omega Ratio Rank: 36
CTEX Calmar Ratio Rank: 32
CTEX Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CTEC vs. CTEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech ETF (CTEC) and ProShares S&P Kensho Cleantech ETF (CTEX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CTEC	CTEX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	0.91	-0.02
Sortino ratio: Return per unit of downside risk	1.40	1.44	-0.04
Omega ratio: Gain probability vs. loss probability	1.17	1.17	0.00
Calmar ratio: Return relative to maximum drawdown	1.00	1.09	-0.09
Martin ratio: Return relative to average drawdown	3.11	3.44	-0.33

CTEC vs. CTEX - Sharpe Ratio Comparison

The current CTEC Sharpe Ratio is 0.89, which is comparable to the CTEX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of CTEC and CTEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CTEC vs. CTEX - Drawdown Comparison

The maximum CTEC drawdown since its inception was -81.58%, which is greater than CTEX's maximum drawdown of -70.31%. Use the drawdown chart below to compare losses from any high point for CTEC and CTEX.

Drawdown Indicators

	CTEC	CTEX	Difference
Max Drawdown Largest peak-to-trough decline	-81.58%	-70.31%	-11.27%
Max Drawdown (1Y) Largest decline over 1 year	-34.85%	-39.09%	+4.24%
Max Drawdown (3Y) Largest decline over 3 years	-61.21%	-50.47%	-10.74%
Max Drawdown (5Y) Largest decline over 5 years	-76.46%	—	—
Current Drawdown Current decline from peak	-61.70%	-34.34%	-27.36%
Average Drawdown Average peak-to-trough decline	-52.46%	-41.28%	-11.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.16%	12.38%	-1.22%

Volatility

CTEC vs. CTEX - Volatility Comparison

The current volatility for Global X CleanTech ETF (CTEC) is 13.36%, while ProShares S&P Kensho Cleantech ETF (CTEX) has a volatility of 15.81%. This indicates that CTEC experiences smaller price fluctuations and is considered to be less risky than CTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTEC	CTEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.36%	15.81%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	29.64%	35.40%	-5.76%
Volatility (1Y) Calculated over the trailing 1-year period	39.02%	46.84%	-7.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.28%	43.86%	-6.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.24%	43.86%	-5.62%

CTEC vs. CTEX - Expense Ratio Comparison

CTEC has a 0.50% expense ratio, which is lower than CTEX's 0.58% expense ratio.

Dividends

CTEC vs. CTEX - Dividend Comparison

CTEC's dividend yield for the trailing twelve months is around 0.66%, less than CTEX's 2.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CTEC Global X CleanTech ETF	0.66%	0.75%	1.56%	0.51%	0.25%	0.39%	0.02%
CTEX ProShares S&P Kensho Cleantech ETF	2.18%	2.17%	0.57%	0.12%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CTEC and CTEX in my portfolio?

With a correlation of 0.92, CTEC and CTEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CTEC or CTEX?

CTEX has higher volatility (15.81%) compared to CTEC (13.36%). In terms of maximum drawdown, CTEC dropped -81.58% vs CTEX's -70.31%.

Which ETF is better, CTEC or CTEX?

On 3-year performance, CTEX leads with 1.78% vs -8.89% for CTEC. On fees, CTEC is cheaper at 0.50% per year. On volatility, CTEC has been the lower-risk option at 13.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CTEC or CTEX?

Over the 3-year period, CTEX has performed better with a 1.78% return vs -8.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CTEC or CTEX?

CTEC is cheaper with a 0.50% expense ratio, compared with 0.58% for CTEX.

Which ETF pays a higher dividend yield, CTEC or CTEX?

CTEX has the higher dividend yield at 2.18%, compared with 0.66% for CTEC.

What is the main difference between CTEC and CTEX?

CTEC tracks Indxx Global CleanTech Index, while CTEX tracks S&P Kensho Cleantech Index. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.50% for CTEC and 0.58% for CTEX.

Which has better risk-adjusted returns?

CTEX currently has the higher Sharpe Ratio (0.91 vs 0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.