Fidelity Clean Energy ETF
$21.70−0.49 (−2.23%)
- Expense ratio
- 0.39%
- Fund size
- $97M
- 1Y return
- +16.1%
- Yield · Last 12 months
- 1.10%
- Holdings
- 65
- Volume · 30D
- 0.1M sh
- NAV per share
- $22.05
- 52W range
The ETF.net FRNW Grade
Score 76 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 94Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 71Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 58Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 79Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 45Category rank
Our read on FRNW
AFidelity wrote its own clean energy index, then priced the fund at 0.39% a year, matching the category's cheapest heavyweights and undercutting most rivals. Roughly 60 global stocks: solar, wind, and the grid gear behind them.
The fund seeks returns that generally track the Fidelity Clean Energy Index before fees and expenses.
Why people hold it
- 0.39% a year ties the low-cost leader of the group (ICLN) and comes in under CNRG at 0.45% and FAN at 0.61%. In a theme where fees often run higher, that is real money kept.
- Global by mandate, not US-only. The index reaches clean energy companies worldwide, so the fund follows the industry rather than one country's subsidy calendar.
- A plain index fund, not a stock-picking bet: it aims to track the Fidelity Clean Energy Index before fees, so what you own is spelled out in the methodology.
- One of the stronger builds in a crowded clean energy shelf on our review, with the low fee and a spread-out portfolio doing the heavy lifting. Pays quarterly.
Worth knowing
- One theme, one industry. Clean energy names swing with interest rates, policy shifts, and equipment prices, so the ride is far choppier than a broad market fund.
- Roughly 60 stocks. That is focused enough that a handful of names and a couple of countries carry real weight in the outcome.
- Not one of the giants. A mid-size asset base and moderate trading activity can mean wider bid-ask spreads than the category's most heavily traded funds.
FRNW Holdings
- Stocks
- 65
- 40%
- SECURITIES LENDING CF
Sectors
- Utilities43.9%
- Industrials35.6%
- Energy16.8%
- Technology2.7%
- Materials1.0%
Geography
- United States33.65%
- Denmark11.04%
- China8.63%
- Germany7.62%
- Spain7.27%
- Portugal4.49%
- Israel4.43%
- New Zealand4.42%
- 18.45%
Developed 75% · Emerging 25%
FRNW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FRNW |
|---|---|
| Year to date | +10.2% |
| 1 month | −1.1% |
| 3 months | −12.0% |
| 1 year | +16.1% |
| 3 years | +12.0% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FRNW |
|---|---|---|
| 2026 YTD | +10.2% | |
| 2025 | +53.2% | |
| 2024 | −21.1% | |
| 2023 | −19.6% | |
| 2022 | −11.5% | |
| 2021 | −2.9% |
FRNW in the news
ETF.net Research hasn’t filed on FRNW yet — coverage lands here as it’s written.
FRNW Dividends
- 1.10%
- $0.24
- $0.05 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 22, 2026 | $0.05 |
| Jun 18, 2026 | Jun 23, 2026 | $0.14 |
| Mar 20, 2026 | Mar 24, 2026 | $0.02 |
| Dec 19, 2025 | Dec 23, 2025 | $0.04 |
| Sep 19, 2025 | Sep 23, 2025 | $0.08 |
| Jun 20, 2025 | Jun 24, 2025 | $0.12 |
| Mar 21, 2025 | Mar 25, 2025 | $0.01 |
| Dec 20, 2024 | Dec 24, 2024 | $0.02 |
| Sep 20, 2024 | Sep 24, 2024 | $0.06 |
| Jun 21, 2024 | Jun 25, 2024 | $0.10 |
| Mar 15, 2024 | Mar 20, 2024 | $0.02 |
| Dec 15, 2023 | Dec 20, 2023 | $0.03 |
FRNW Risk
- 28.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.27
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −59.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.53
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FRNW Cost
- The middle half of Clean Energy funds
- Median 0.58%
1 of the 16 Clean Energy funds charge less.