---
title: "CNRG and PBW both track clean energy but one fell 61% in the last downturn while the other lost 23%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286671426.md"
description: "The SPDR S&P Kensho Clean Power ETF (CNRG) and Invesco WilderHill Clean Energy ETF (PBW) both focus on clean energy but differ significantly in performance. Year-to-date, CNRG has returned 22.13% while PBW has returned 34.64%. Over the past year, CNRG is up 91.23% compared to PBW's 129.89%. CNRG offers downside protection with utility cash flows, while PBW is more volatile, benefiting from small-cap growth. In downturns, CNRG fell 23.12% versus PBW's 61.22%. Investors should choose based on risk tolerance and market conditions."
datetime: "2026-05-17T11:41:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286671426.md)
  - [en](https://longbridge.com/en/news/286671426.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286671426.md)
---

# CNRG and PBW both track clean energy but one fell 61% in the last downturn while the other lost 23%

Quick Read SPDR S&P Kensho Clean Power ETF (CNRG) returned 22.13% year-to-date and 91.23% over twelve months by focusing on utilities and electricity generators, while Invesco WilderHill Clean Energy ETF (PBW) returned 34.64% year-to-date and 129.89% over twelve months by betting on the broader clean energy value chain...

### Related Stocks

- [PBW.US](https://longbridge.com/en/quote/PBW.US.md)
- [CNRG.US](https://longbridge.com/en/quote/CNRG.US.md)

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