Many renewable energy funds are outpacing the S&P 500 Index’s 21% rise over the past 12 months and 5% climb year to date, CNNMoney reports.

The New Alternatives Fund has risen 37% over the past year and 20% year to date, while the Guinness Atkinson Alternative Energy Fund is up 17% over the past year and 27% year to date. A pair of new alternative energy exchange-traded funds from PowerShares, the PowerShares WilderHill Clean Energy Fund and the PowerShares WilderHill Progressive Energy Fund, have both risen about 11% year to date.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.