SLX vs. CNRG
Compare and contrast key facts about VanEck Vectors Steel ETF (SLX) and SPDR S&P Kensho Clean Power ETF (CNRG).
SLX and CNRG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Steel Index. It was launched on Oct 16, 2006. 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 SLX 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: SLX or CNRG.
Performance
SLX vs. CNRG - Performance Comparison
Returns By Period
In the year-to-date period, SLX achieves a -7.66% return, which is significantly higher than CNRG's -15.17% return.
SLX
-7.66%
-0.54%
-6.57%
4.17%
18.37%
9.49%
CNRG
-15.17%
-1.81%
-4.02%
-4.93%
10.29%
N/A
Key characteristics
| SLX | CNRG | |
|---|---|---|
| Sharpe Ratio | 0.19 | -0.18 |
| Sortino Ratio | 0.42 | -0.04 |
| Omega Ratio | 1.05 | 1.00 |
| Calmar Ratio | 0.22 | -0.09 |
| Martin Ratio | 0.49 | -0.43 |
| Ulcer Index | 8.12% | 13.24% |
| Daily Std Dev | 21.16% | 31.51% |
| Max Drawdown | -82.15% | -59.60% |
| Current Drawdown | -9.02% | -57.07% |
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SLX vs. CNRG - Expense Ratio Comparison
SLX has a 0.56% expense ratio, which is higher than CNRG's 0.45% expense ratio.
Correlation
The correlation between SLX and CNRG is 0.54, 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.
Risk-Adjusted Performance
SLX vs. CNRG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) 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
SLX vs. CNRG - Dividend Comparison
SLX's dividend yield for the trailing twelve months is around 3.03%, more than CNRG's 1.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLX VanEck Vectors Steel ETF | 3.03% | 2.80% | 4.97% | 7.07% | 1.87% | 2.77% | 6.26% | 2.44% | 1.06% | 5.35% | 3.27% | 1.98% |
CNRG SPDR S&P Kensho Clean Power ETF | 1.75% | 1.17% | 1.23% | 1.34% | 0.69% | 1.16% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SLX vs. CNRG - Drawdown Comparison
The maximum SLX drawdown since its inception was -82.15%, which is greater than CNRG's maximum drawdown of -59.60%. Use the drawdown chart below to compare losses from any high point for SLX and CNRG. For additional features, visit the drawdowns tool.
Volatility
SLX vs. CNRG - Volatility Comparison
The current volatility for VanEck Vectors Steel ETF (SLX) is 9.42%, while SPDR S&P Kensho Clean Power ETF (CNRG) has a volatility of 10.11%. This indicates that SLX 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.