Fidelity Clean Energy ETF (FRNW)

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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.

Fidelity Clean Energy ETF (FRNW) has returned 13.86% so far this year and 82.53% over the past 12 months.

Based on dividend-adjusted daily data since Oct 7, 2021, FRNW's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, your investment would double in approximately 21.4 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%.

Fidelity Clean Energy ETF has an annualized alpha of -7.01%, beta of 0.98, and R² of 0.36 versus S&P 500 Index. Calculated based on daily prices since October 08, 2021.

• This ETF participated in 137.69% of S&P 500 Index downside but only 99.67% of its upside — more exposed to losses than it benefited from rallies.
• R² of 0.36 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

FRNW has an expense ratio of 0.39%, placing it in the medium range.

FRNW ranks 97 for risk / return — in the top 97% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Fidelity Clean Energy ETF (FRNW) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Clean Energy ETF provided a 1.10% dividend yield over the last twelve months, with an annual payout of $0.26 per share.

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.

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.

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 17.78%.

The chart below shows the rolling one-month volatility.