CNRG vs OVL

Comparison between STATE STREET(R) SPDR(R) S&P KENSHO CLEAN POWER ETF (CNRG, ETF) and OVERLAY SHARES LARGE CAP EQUITY ETF (OVL, ETF).

5-Year PerformanceOVL has outperformed CNRG, delivering a return of +13.7% compared to +3.3%

CNRG vs OVL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CNRG(ETF)	OVL(ETF)
Net Assets	$222M	$221M
Expense Ratio	0.45%	0.79%
Max Drawdown	70.04%	35.49%
Sharpe Ratio	1.95	1.65
5Y Beta	1.33	1.12
P/E Ratio	-64.41	N/A
Forward P/E	24.43	N/A
5Y Dividends CAGR	7.55%	28.91%
Debt to Equity	76.78%	N/A
P/S Ratio	0.41	N/A
P/B Ratio	2.57	N/A

Net Assets

Winner

CNRG

$222M

OVL

$221M

Expense Ratio

Winner

CNRG

0.45%

OVL

0.79%

Max Drawdown

CNRG

70.04%

Winner

OVL

35.49%

Sharpe Ratio

Winner

CNRG

1.95

OVL

1.65

5Y Beta

CNRG

1.33

Winner

OVL

1.12

P/E Ratio

CNRG

-64.41

OVL

N/A

Forward P/E

CNRG

24.43

OVL

N/A

5Y Dividends CAGR

CNRG

7.55%

Winner

OVL

28.91%

Debt to Equity

CNRG

76.78%

OVL

N/A

P/S Ratio

CNRG

0.41

OVL

N/A

P/B Ratio

CNRG

2.57

OVL

N/A

CNRG vs OVL - Holdings Comparison

CNRG and OVL have 0 common holdings. Overlap is 0.00%

CNRG's top 25 holdings weight is 76.44%. OVL's top 25 holdings weight is 99.94%.

Rank	CNRG	OVL
#1	BLOOM ENERGY CORP CLASS A (BE) - 6.40%	VANGUARD S&P 500 ETF (VOO) - 99.06%
#2	SOLAREDGE TECHNOLOGIES INC (SEDG) - 4.80%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.88%
#3	BALLARD POWER SYSTEMS INC (n/a) - 4.58%	N/A
#4	ENPHASE ENERGY INC (ENPH) - 4.37%	N/A
#5	T1 ENERGY INC (TE) - 3.64%	N/A
#6	PLUG POWER INC (PLUG) - 3.64%	N/A
#7	GENERAC HOLDINGS INC (GNRC) - 3.54%	N/A
#8	CORNING INC (GLW) - 3.41%	N/A
#9	GE VERNOVA INC (GEV) - 3.17%	N/A
#10	NEXTPOWER INC CLASS A (NXT) - 3.15%	N/A
#11	APPLIED MATERIALS INC (AMAT) - 2.71%	N/A
#12	SHOALS TECHNOLOGIES GROUP INC ORDINARY SHARES CLASS A (SHLS) - 2.70%	N/A
#13	ORMAT TECHNOLOGIES INC (ORA) - 2.63%	N/A
#14	AMERICAN SUPERCONDUCTOR CORP (AMSC) - 2.61%	N/A
#15	TENARIS SA ADR (TS) - 2.52%	N/A
#16	ARCOSA INC (ACA) - 2.43%	N/A
#17	AMERESCO INC CLASS A (AMRC) - 2.40%	N/A
#18	ENERGY VAULT HOLDINGS INC (NRGV) - 2.40%	N/A
#19	NEXTERA ENERGY INC (NEE) - 2.31%	N/A
#20	AVISTA CORP (AVA) - 2.31%	N/A
#21	THE AES CORP (AES) - 2.28%	N/A
#22	FIRST SOLAR INC (FSLR) - 2.21%	N/A
#23	TRANSALTA CORP (n/a) - 2.09%	N/A
#24	CUMMINS INC (CMI) - 2.09%	N/A
#25	ARRAY TECHNOLOGIES INC ORDINARY SHARES (ARRY) - 2.05%	N/A
Total Holdings	44	2

CNRG vs OVL - Historical Returns

Returns include dividend reinvestment.

Period	CNRG	OVL
1 month	+4.07%	+1.74%
3 months	+22.24%	+9.29%
6 months	+16.89%	+10.03%
1 year	+99.33%	+30.63%
5 years(CAGR)	+3.32%	+13.68%
Max(CAGR)	+20.59%	+17.41%

Winner

CNRG

+4.07%

OVL

+1.74%

Winner

CNRG

+22.24%

OVL

+9.29%

Winner

CNRG

+16.89%

OVL

+10.03%

Winner

CNRG

+99.33%

OVL

+30.63%

5Y(CAGR)

CNRG

+3.32%

Winner

OVL

+13.68%

Max(CAGR)

Winner

CNRG

+20.59%

OVL

+17.41%

CNRG vs OVL - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	CNRG	OVL
2026	+18.66%	+9.97%
2025	+43.45%	+18.52%
2024	-13.93%	+28.94%
2023	-9.79%	+28.57%
2022	-9.20%	-23.37%
2021	-16.46%	+34.48%
2020	+141.39%	+18.56%
2019	+62.49%	+10.84%
2018	-2.86%	N/A

CNRG vs OVL Drawdown Comparison

The maximum drawdown for CNRG was -68.47%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The maximum drawdown for OVL was -35.49%, occurring on Mar 20, 2020. Recovery took 118 trading sessions.

The current CNRG drawdown is -18.82%. The current OVL drawdown is -3.47%.

Rank	CNRG	OVL
#1	-68.47% Feb 9, 2021 - Apr 8, 2025	-35.49% Feb 19, 2020 - Aug 6, 2020
#2	-44.22% Feb 19, 2020 - Jul 14, 2020	-29.24% Jan 3, 2022 - Jan 19, 2024
#3	-14.17% Dec 3, 2018 - Jan 25, 2019	-21.69% Feb 19, 2025 - Jul 3, 2025
#4	-12.48% Oct 20, 2020 - Nov 11, 2020	-10.29% Sep 2, 2020 - Nov 13, 2020
#5	-9.56% Jan 22, 2021 - Feb 9, 2021	-10.10% Jul 16, 2024 - Sep 19, 2024
#6	-9.01% Sep 1, 2020 - Sep 28, 2020	-8.73% Jan 28, 2026 - Apr 14, 2026
#7	-8.61% Jan 21, 2020 - Feb 10, 2020	-7.39% Mar 28, 2024 - May 15, 2024
#8	-8.27% Sep 23, 2019 - Dec 13, 2019	-6.38% Oct 29, 2025 - Dec 10, 2025
#9	-7.36% Nov 27, 2020 - Dec 15, 2020	-6.28% Sep 3, 2021 - Oct 21, 2021
#10	-5.62% Jan 14, 2021 - Jan 21, 2021	-5.47% Dec 6, 2024 - Jan 23, 2025
#11	-4.99% Aug 8, 2019 - Aug 21, 2019	-4.72% Feb 17, 2021 - Mar 11, 2021
#12	-4.50% Jul 22, 2020 - Aug 4, 2020	-4.25% Jan 17, 2020 - Feb 6, 2020
#13	-4.44% Aug 1, 2019 - Aug 8, 2019	-4.15% May 7, 2021 - Jun 4, 2021
#14	-4.33% May 3, 2019 - Jun 5, 2019	-3.98% Jan 21, 2021 - Feb 4, 2021
#15	-4.09% Dec 23, 2020 - Jan 5, 2021	-3.82% Nov 18, 2021 - Dec 8, 2021