Fidelity Clean Energy ETF
$21.05+0.16 (+0.77%)
- 0.39%
- $91M
- +4.1%
- 1.17%
- 0.1M sh
- $20.98
- low $19.24high $27.97
The ETF.net FRNW Grade
A
Score 76 out of 100
- 2 of 17
Score 76 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A94 out of 100Rank 2 of 17Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 5 of 17Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 6 of 17Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A83 out of 100Rank 2 of 17Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C47 out of 100Rank 10 of 17
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
- 66
- 41%
- Securities Lending Cf
Sectors
- Utilities45.5%
- Industrials32.6%
- Technology21.0%
- Materials1.0%
Geography
- United States36.82%
- China8.56%
- Denmark8.43%
- Spain7.07%
- Germany6.62%
- Israel4.64%
- Portugal3.93%
- New Zealand3.71%
- 20.22%
Developed 72% · Emerging 28%
FRNW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FRNW$10,409
Returns run to the Oct 12, 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 | +3.7% |
| 1 month | −6.0% |
| 3 months | −9.7% |
| 1 year | +4.1% |
| 3 years | +12.5% |
| 5 years | −3.2% |
| 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 | +3.7% | |
| 2025 | +53.2% | |
| 2024 | −21.1% | |
| 2023 | −19.6% | |
| 2022 | −11.5% | |
| 2021 | −2.9% |
FRNW in the news
FRNW Dividends
- 1.17%
- $0.24
- $0.05 per share
- Quarterly
Distribution history
FRNW Risk
- 27.8%
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.
- 0.36
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
0.39%
FRNW0.39%
- The middle half of Clean Energy funds
- Median 0.59%
1 of the 17 Clean Energy funds charge less.
Other funds in Clean Energy
- AICLNiShares Global Clean Energy ETFExpense ratio 0.38%1 year return +9.6%
- BCNRGState Street SPDR S&P Kensho Clean Power ETFExpense ratio 0.45%1 year return −3.8%
- BIBATiShares Energy Storage & Materials ETFExpense ratio 0.47%1 year return +47.3%
- BFANFirst Trust Global Wind Energy ETFExpense ratio 0.61%1 year return +13.1%
- BQCLNFirst Trust NASDAQ Clean Edge Green Energy Index FundExpense ratio 0.59%1 year return +11.7%