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Fidelity Clean Energy ETF (FRNW) belongs to the Alternative Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FRNW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FRNW

FRNW charges 0.39% annually. There is 1 ETF in the Alternative Energy Equities category with a lower expense ratio, going as low as 0.20%.


Best Risk-Adjusted Alternatives to FRNW

FRNW has a PortfoliosLab risk / return rank of 90. There are 5 ETFs in the Alternative Energy Equities category with higher risk-adjusted ranks, going as high as 95.


Top Performing FRNW Alternatives (YTD)

FRNW is at 34.11% YTD. There are 9 ETFs in the Alternative Energy Equities category with higher YTD returns, going as high as 110.14%.


Lowest Volatility Alternatives to FRNW

FRNW has 25.61% 1-year volatility. There are 9 ETFs in the Alternative Energy Equities category with lower 1-year volatility, going as low as 0.00%.


Lowest Drawdown Alternatives to FRNW

FRNW has a 1-year max drawdown of -11.58%. There are 8 ETFs in the Alternative Energy Equities category with shallower 1-year drawdowns, going as shallow as -5.95%.


Other ETFs from Fidelity

The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $26B.


Often Compared With FRNW

Investors most often compare FRNW with QQQ, VOO, FDTX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.


SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
Invesco QQQ ETFNasdaq-100
73
21.30%
493.99BMar 1999FRNW vs QQQ
Vanguard S&P 500 ETFS&P 500
70
10.91%
1.60TSep 2010FRNW vs VOO
Fidelity Disruptive Technology ETFTechnology Equities
65
42.39%
213.58MApr 2020FRNW vs FDTX
Amplify Lithium & Battery Technology ETFCommodity Producers Equities
87
26.16%
140.46MJun 2018FRNW vs BATT
Virtus Duff & Phelps Clean Energy ETFSustainable
90
39.16%
7.02MAug 2021FRNW vs VCLN
State Street Utilities Select Sector SPDR ETFUtilities Equities
19
3.11%
22.40BDec 1998FRNW vs XLU
Invesco WilderHill Clean Energy ETFSmall Cap Growth Equities
88
48.64%
610.23MMar 2005FRNW vs PBW
Defiance AI & Power Infrastructure ETFTechnology Equities—
52.03%
750.87MJul 2025FRNW vs AIPO
Cavanal Hill World Energy FundEnergy Equities
86
32.00%
—Feb 2014FRNW vs APWEX
Fidelity Select Gold PortfolioPrecious Metals
24
5.40%
—Dec 1985FRNW vs FSAGX
Fidelity US Momentum ETFMomentum, Large Cap Growth Equities
61
20.55%
—Jun 2020FRNW vs FCMO.NEO
SmartETFs Sustainable Energy II ETFEnergy Equities
62
19.19%
4.50MNov 2020FRNW vs SOLR
VanEck Uranium and Nuclear ETFAlternative Energy Equities
25
6.14%
4.87BAug 2007FRNW vs NLR
ALPS Clean Energy ETFAlternative Energy Equities
62
28.72%
145.33MJun 2018FRNW vs ACES
ProShares S&P Kensho Cleantech ETFAlternative Energy Equities
88
39.97%
7.37MSep 2021FRNW vs CTEX
Definium Therapeutics, Inc
94
76.18%
——FRNW vs DFTX
Fidelity US Sustainability Index FundLarge Cap Blend Equities
57
10.47%
—May 2017FRNW vs FITLX
WisdomTree Uranium and Nuclear Energy UCITS ETFAlternative Energy Equities
46
15.95%
—Mar 2025FRNW vs NCLR.L
COMPASS Pathways plc
85
83.91%
——FRNW vs CMPS
GE Vernova Inc.
87
46.98%
——FRNW vs GEV

Compare FRNW with Any Fund or Stock

Compare FRNW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.


 

Diversifiers

Pair FRNW with funds that move differently

Fidelity Clean Energy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FRNW.

Explore FRNW Diversifiers