- Issuer
- Fidelity
- Inception Date
- Oct 5, 2021
- Category
- Alternative Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $166M
Share Price Chart
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Performance
FRNW Performance Chart
Fidelity Clean Energy ETF (FRNW) is up 14.9% since the beginning of the year. FRNW is currently trading at $23 per share.
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Returns By Period
Fidelity Clean Energy ETF (FRNW) has returned 14.86% so far this year and 40.32% over the past 12 months.
Fidelity Clean Energy ETF
- 1D
- -0.43%
- 1M
- -2.09%
- 6M
- 10.09%
- YTD
- 14.86%
- 1Y
- 40.32%
- 3Y*
- 5.87%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.42%
- 1M
- 4.24%
- 6M
- 8.74%
- YTD
- 10.66%
- 1Y
- 20.62%
- 3Y*
- 19.50%
- 5Y*
- 11.63%
- 10Y*
- 13.41%
FRNW Monthly Returns History
Based on dividend-adjusted daily data since Oct 7, 2021, FRNW's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 50% of months were positive and 50% were negative. The best month was May 2024 with a return of +17.6%, while the worst month was Sep 2022 at -14.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FRNW closed higher 48% of trading days. The best single day was Nov 10, 2022 with a return of +8.2%, while the worst single day was Nov 6, 2024 at -7.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.78% | 1.24% | 1.51% | 9.56% | 9.44% | -11.51% | -4.92% | 14.86% | |||||
| 2025 | -0.89% | -0.75% | -2.85% | 2.46% | 10.90% | 7.65% | 7.09% | 7.06% | 9.08% | 10.04% | -3.28% | -1.54% | 53.20% |
| 2024 | -13.65% | -2.91% | 3.13% | -5.29% | 17.55% | -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% | -2.88% | 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% | -11.46% |
| 2021 | 14.79% | -8.84% | -6.85% | -2.52% |
Benchmark Metrics
Fidelity Clean Energy ETF has an annualized alpha of -9.43%, beta of 1.00, and R2 of 0.37 versus S&P 500 Index. Calculated based on daily prices since October 07, 2021.
- This ETF participated in 145.90% of S&P 500 Index downside but only 96.71% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.37 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -9.43%
- Beta
- 1.00
- R²
- 0.37
- Upside Capture
- 96.71%
- Downside Capture
- 145.90%
Expense Ratio
FRNW has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FRNW ranks 54 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Clean Energy ETF (FRNW) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRNW | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.28 | +0.24 |
| Martin ratioReturn relative to average drawdown | 7.63 | 9.88 | -2.25 |
Dividends
Dividend History
Fidelity Clean Energy ETF provided a 1.19% dividend yield over the last twelve months, with an annual payout of $0.28 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.25 | $0.19 | $0.23 | $0.15 | $0.01 |
Dividend yield | 1.19% | 1.25% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.14 | $0.00 | $0.15 | |||||
| 2025 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.04 | $0.25 |
| 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.
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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 59.37%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Fidelity Clean Energy ETF drawdown is 17.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -59.37%Apr 2025 | 3y 5mo | — | 4y 8moNov 2021 - now |
2021 pullback2021 | -1.71%Oct 2021 | 0s | 4d | 4dOct 2021 - Oct 2021 |
2021 pullback2021 | -1.39%Oct 2021 | 0s | 3d | 3dOct 2021 - Oct 2021 |
2021 pullback2021 | -0.52%Oct 2021 | 0s | 1d | 1dOct 2021 - Oct 2021 |
2021 pullback2021 | -0.26%Oct 2021 | 0s | 3d | 3dOct 2021 - Nov 2021 |
Drawdown Indicators
| FRNW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.37% | -56.78% | -2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -16.10% | -9.10% | -7.00% |
Max Drawdown (3Y)Largest decline over 3 years | -45.14% | -18.90% | -26.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -17.05% | -0.45% | -16.60% |
Average DrawdownAverage peak-to-trough decline | -32.88% | -10.71% | -22.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 2.09% | +3.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with FRNW
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