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
Oct 5, 2021
1x
No Index (Active)
Mid-Cap
Growth
Expense Ratio
FRNW features an expense ratio of 0.39%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 2.15% year-to-date (YTD) and -5.66% in the last 12 months.
FRNW
2.15%
0.50%
-8.25%
-5.66%
N/A
N/A
^GSPC (Benchmark)
1.96%
1.11%
7.77%
23.90%
12.59%
11.36%
Monthly Returns
The table below presents the monthly returns of FRNW, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -13.65% | -2.91% | 3.12% | -5.29% | 17.54% | -12.42% | 5.43% | 0.03% | 6.30% | -8.06% | -0.11% | -9.12% | -21.11% |
| 2023 | 7.61% | -7.36% | 3.14% | -4.30% | -2.89% | 0.96% | -1.24% | -13.55% | -10.37% | -11.66% | 9.89% | 12.12% | -19.64% |
| 2022 | -13.10% | 8.60% | 3.55% | -12.70% | 5.91% | -5.22% | 16.45% | 0.58% | -14.87% | -1.57% | 12.96% | -6.74% | -11.45% |
| 2021 | 14.40% | -8.84% | -6.85% | -2.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FRNW is 5, meaning it’s performing worse than 95% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 1.40% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $0.19 | $0.19 | $0.23 | $0.15 | $0.01 |
Dividend yield | 1.40% | 1.43% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | |||||||||||
| 2024 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.02 | $0.19 |
| 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 | $0.23 |
| 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 | $0.15 |
| 2021 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 53.35%, occurring on Dec 19, 2024. The portfolio has not yet recovered.
The current Fidelity Clean Energy ETF drawdown is 51.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -53.35% | Nov 2, 2021 | 788 | Dec 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 7.75%, 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.