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SPDR S&P Kensho Clean Power ETF

CNRG
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 22 2018
Expense Ratio
0.45%
Type
Global Ex. US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$1,280,886
AUM
$360,357,740
Associated Index
S&P Kensho Clean Power Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

GNRC
Generac Holdings Inc
3.28%
FCEL
Fuelcell Energy Inc
3.07%
CSIQ
Canadian Solar Inc
2.96%
PLUG
Plug Power Inc
2.95%
BE
Bloom Energy Corp - Ordinary Shares - Class A
2.95%
TPIC
TPI Composites Inc
2.94%
BLDP
BALLARD POWER SYSTEMS INC
2.90%
SHLS
Shoals Technologies Group Inc - Ordinary Shares - Class A
2.79%
AMPS
Altus Power Inc - Ordinary Shares - Class A
2.78%
JKS
JinkoSolar Holding Co. Ltd - ADR
2.76%
Invest with CNRG

What is CNRG?

The SPDR S&P Kensho Clean Power ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Clean Power Index (the "Index"). The S&P Kensho Clean Power Index (the "Index") is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Clean Power sector as determined by a classification standard produced by Kensho Technologies, Inc. (the "Index Provider"). The Index is designed to capture companies whose products and services are driving innovation behind clean power. In particular, the Index comprises the components of the Kensho Cleantech Index and the Kensho Clean Energy Index (the "Underlying Indexes") as of the Indexs annual reconstitution day, subject to certain liquidity thresholds for each component. The Kensho Cleantech Index seeks to track companies that offer products and services related to manufacturing the technology for renewable energy (solar, wind, hydro, geothermal), or are a necessary component of the supply chain for such products and services. The Kensho Clean Energy Index seeks to track companies that offer products and services related to renewable energy (solar, wind, hydro, geothermal) generation and transmission, or are a necessary component of the supply chain for such products and services.

ETFs related toCNRG

ETFs correlated to CNRG include ACES, ICLN, TAN

CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power ETF
ACES
ALPS Fund Services - ALPS Clean Energy ETF
ICLN
BlackRock Institutional Trust Company N.A. - iShares Global Clean Energy ETF
TAN
Invesco Capital Management LLC - Invesco Solar ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
PJFG
PGIM ETF Trust - PGIM Jennison Focused Growth ETF
GRID
First Trust Exchange-Traded Fund III - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCNRG

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with CNRG using Composer

FAQ

CNRG is a Global Ex. US Equities ETF. The SPDR S&P Kensho Clean Power ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Clean Power Index (the "Index"). The S&P Kensho Clean Power Index (the "Index") is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Clean Power sector as determined by a classification standard produced by Kensho Technologies, Inc. (the "Index Provider"). The Index is designed to capture companies whose products and services are driving innovation behind clean power. In particular, the Index comprises the components of the Kensho Cleantech Index and the Kensho Clean Energy Index (the "Underlying Indexes") as of the Indexs annual reconstitution day, subject to certain liquidity thresholds for each component. The Kensho Cleantech Index seeks to track companies that offer products and services related to manufacturing the technology for renewable energy (solar, wind, hydro, geothermal), or are a necessary component of the supply chain for such products and services. The Kensho Clean Energy Index seeks to track companies that offer products and services related to renewable energy (solar, wind, hydro, geothermal) generation and transmission, or are a necessary component of the supply chain for such products and services.

The top holdings for CNRG include Generac Holdings Inc, Fuelcell Energy Inc, and Canadian Solar Inc.

CNRG has 45 total holdings.

CNRG tracks the S&P Kensho Clean Power Index.

No, CNRG is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CNRG is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CNRG is 0.0881%. This is the percent change in the value of CNRG over the most recent 1-month period. The 3-month return on CNRG is 0.0745%. This is the percent change in the value of CNRG over the most recent 3-month period.

The standard deviation of CNRG for the past year is 0.3867%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CNRG include EEMV, IGF, and ARKK.

ETFs correlated to CNRG include ACES, ICLN, and TAN.

ETFs that are inversely correlated to CNRG include TZA, SRTY, and TWM.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.