Fidelity Clean Energy ETF (FRNW)
The ETF seeks to track a global index of companies involved in renewable energy technologies. It maintains a non-diversified portfolio, with at least 80% of its assets invested in index securities and depositary receipts.
ETF Info
| Issuer | Fidelity |
|---|---|
| Inception Date | Oct 5, 2021 |
| Category | Alternative Energy Equities |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
FRNW has a high expense ratio of 0.39%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Clean Energy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Clean Energy ETF had a return of -15.54% year-to-date (YTD) and -28.74% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -15.54% | 6.17% |
| 1 month | -0.76% | -2.72% |
| 6 months | 0.85% | 17.29% |
| 1 year | -28.74% | 23.80% |
| 5 years (annualized) | N/A | 11.47% |
| 10 years (annualized) | N/A | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -13.65% | -2.91% | 3.12% | -5.29% | ||||||||
| 2023 | -11.66% | 9.89% | 12.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FRNW is 1, indicating that it is in the bottom 1% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Fidelity Clean Energy ETF(FRNW)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Clean Energy ETF (FRNW) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Clean Energy ETF granted a 1.47% dividend yield in the last twelve months. The annual payout for that period amounted to $0.21 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.21 | $0.23 | $0.15 | $0.01 |
Dividend yield | 1.47% | 1.30% | 0.69% | 0.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Clean Energy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.02 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.03 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 |
| 2021 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Clean Energy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Clean Energy ETF was 52.23%, occurring on Apr 19, 2024. The portfolio has not yet recovered.
The current Fidelity Clean Energy ETF drawdown is 49.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -52.23% | Nov 2, 2021 | 619 | Apr 19, 2024 | — | — | — |
| -1.71% | Oct 8, 2021 | 1 | Oct 8, 2021 | 2 | Oct 12, 2021 | 3 |
| -1.39% | Oct 22, 2021 | 1 | Oct 22, 2021 | 1 | Oct 25, 2021 | 2 |
| -0.52% | Oct 26, 2021 | 1 | Oct 26, 2021 | 1 | Oct 27, 2021 | 2 |
| -0.26% | Oct 29, 2021 | 1 | Oct 29, 2021 | 1 | Nov 1, 2021 | 2 |
Volatility
Volatility Chart
The current Fidelity Clean Energy ETF volatility is 7.35%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.