Currently, the new energy industry is shifting from a vision of green development to a core investment line that ensures energy security. The market has new energy indices that track products, including the CSI New Energy Index, ChiNext New Energy Index, and SSE STAR New Energy Index. All three belong to the new energy sector and exhibit clear differentiated characteristics in terms of industry coverage, market capitalization style, and volatility elasticity.
In terms of industry coverage, the CSI New Energy Index excels in &#34;comprehensiveness,&#34; selecting 80 companies from the entire market involved in lithium batteries, energy storage, photovoltaics, wind power, and other industrial chains, widely covering upstream, midstream, and downstream, making it a comprehensive representative of the new energy industry; the ChiNext New Energy Index focuses on 50 companies listed on the ChiNext board, with an industrial focus on mature sectors such as lithium batteries and photovoltaics, where constituent stocks are mostly leaders in their respective sub-sectors; the SSE STAR New Energy Index selects 50 companies in the fields of photovoltaics and wind power from the SSE STAR board, with a greater emphasis on next-generation battery technologies, new photovoltaic materials, and smart grid &#34;hard technology&#34; frontiers, showcasing distinct technology-driven characteristics.
In terms of market capitalization style, the CSI New Energy Index has a balanced market capitalization distribution, taking into account both leading and growth companies, with trends closely aligned with the overall industry prosperity; the ChiNext New Energy Index generally has larger constituent stock market capitalizations, with weights highly concentrated in a few globally leading lithium and photovoltaic giants, exhibiting both stability and aggressiveness during upward cycles; the SSE STAR New Energy Index primarily consists of small to mid-cap &#34;hard technology&#34; growth companies, with ample liquidity and stronger elasticity when risk appetite increases.
Top ten constituent stocks and weights of the indices
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OCEkTHmtv9-JQnweSiBPaJrG0MnvMItwf7nkC3_LNjSzEAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OCEkTHmtv9-JQnweSiBPaJrG0MnvMItwf7nkC3_LNjSzEAA/641"/><img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O703_yznmBOQNvcJbGQEMrb4OGEBujA_Lzd803K2nGoe8AA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O703_yznmBOQNvcJbGQEMrb4OGEBujA_Lzd803K2nGoe8AA/641"/><img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OSVWqlsfHa7Ps1T-trd4k0SnZPHZGNNwXvgynYp-A-W_gAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OSVWqlsfHa7Ps1T-trd4k0SnZPHZGNNwXvgynYp-A-W_gAA/641"/>
Note: Data source is the Index Express mini-program, data as of February 27, 2026, from left to right are the top ten constituent stocks of the CSI New Energy, ChiNext New Energy, and SSE STAR New Energy indices.
In terms of volatility elasticity, the three indices exhibit significant differences in risk-return characteristics. The CSI New Energy Index has broad coverage and diversified returns, with an annualized volatility of less than 30% over the past year, relatively low, making it a core tool for long-term layout of new energy beta returns; the ChiNext New Energy Index, relying on leading profits and market share expansion, performs well during industry prosperity but is easily affected by leading valuation fluctuations during adjustment periods, with an annualized volatility of about 33% over the past year; the SSE STAR New Energy Index focuses on cutting-edge technologies, with strong performance explosiveness but high uncertainty, having an annualized volatility of 35% over the past year, making it more suitable for investors with high-risk tolerance to speculate on technological iteration opportunities
Overall, the three major new energy indices share the long-term investment theme of energy security, but each has its own focus. If investors want to lay out opportunities in the overall new energy sector without a clear sub-sector direction, the CSI New Energy Index is preferred; when the market's main line is clear and leading advantages are strengthened, the ChiNext New Energy Index is more suitable for cyclical operations; if the risk appetite is higher and there is optimism about technological innovation dividends, the high growth potential of the STAR Market New Energy Index is more prominent. New energy ETFs E Fund (516090), ChiNext New Energy ETF E Fund (159009), and STAR Market New Energy ETF E Fund (589960) are welcoming opportunities.
A table to understand the core differences of the three indices
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/ObeZ1r4W1Rz0Ui0VlU0ug0O3jALwKEOleaFrcW4-MFkXoAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/ObeZ1r4W1Rz0Ui0VlU0ug0O3jALwKEOleaFrcW4-MFkXoAA/641"/>
Risk Warning: Funds carry risks, and investment should be cautious.

159190

科创新能

589960

The current new energy industry is shifting from green development to the core investment line of ensuring energy security. There are three major new energy indices in the market: the CSI New Energy Index covers a wide range, including 80 companies, suitable for long-term allocation; the ChiNext New Energy Index focuses on 50 leading companies with stable performance; the SSE STAR New Energy Index emphasizes cutting-edge technologies, suitable for high-risk investors. Each of the three has its own characteristics in terms of industry coverage, market capitalization style, and volatility elasticity, allowing investors to choose suitable ETFs based on their own risk preferences

Energy security becomes the main theme, how to choose among three ETFs?