ALKS vs. FRNW
ALKS (Alkermes plc) is a stock, while FRNW (Fidelity Clean Energy ETF) is Alternative Energy Equities fund actively managed by Fidelity. Over the past 3 years, ALKS returned 13.77%/yr vs 9.98%/yr for FRNW. At a 0.26 correlation, their price movements are largely independent.
Performance
ALKS vs. FRNW - Performance Comparison
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Returns By Period
In the year-to-date period, ALKS achieves a 55.04% return, which is significantly higher than FRNW's 33.32% return.
ALKS
- 1D
- 1.45%
- 1M
- 19.67%
- YTD
- 55.04%
- 6M
- 48.05%
- 1Y
- 37.54%
- 3Y*
- 13.77%
- 5Y*
- 13.45%
- 10Y*
- -0.55%
FRNW
- 1D
- -0.59%
- 1M
- 4.92%
- YTD
- 33.32%
- 6M
- 31.14%
- 1Y
- 83.54%
- 3Y*
- 9.98%
- 5Y*
- —
- 10Y*
- —
ALKS vs. FRNW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ALKS Alkermes plc | 55.04% | -2.71% | 3.68% | 6.16% | 12.34% | -27.49% |
FRNW Fidelity Clean Energy ETF | 33.32% | 53.20% | -21.11% | -19.64% | -11.46% | -2.85% |
Correlation
The correlation between ALKS and FRNW is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021 | 0.26 |
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Return for Risk
ALKS vs. FRNW — Risk / Return Rank
ALKS
FRNW
ALKS vs. FRNW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alkermes plc (ALKS) and Fidelity Clean Energy ETF (FRNW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ALKS | FRNW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.49 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 7.25 | -5.56 |
| Martin ratioReturn relative to average drawdown | 3.57 | 22.59 | -19.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALKS | FRNW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 3.29 | -2.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.08 | +0.02 |
Drawdowns
ALKS vs. FRNW - Drawdown Comparison
The maximum ALKS drawdown since its inception was -96.14%, which is greater than FRNW's maximum drawdown of -59.37%. Use the drawdown chart below to compare losses from any high point for ALKS and FRNW.
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Drawdown Indicators
| ALKS | FRNW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.14% | -59.37% | -36.77% |
Max Drawdown (1Y)Largest decline over 1 year | -22.20% | -11.58% | -10.62% |
Max Drawdown (3Y)Largest decline over 3 years | -31.58% | -45.27% | +13.69% |
Max Drawdown (5Y)Largest decline over 5 years | -33.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.58% | — | — |
Current DrawdownCurrent decline from peak | -55.76% | -3.72% | -52.04% |
Average DrawdownAverage peak-to-trough decline | -67.25% | -33.31% | -33.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.54% | 3.71% | +6.83% |
Volatility
ALKS vs. FRNW - Volatility Comparison
Alkermes plc (ALKS) has a higher volatility of 12.20% compared to Fidelity Clean Energy ETF (FRNW) at 7.97%. This indicates that ALKS's price experiences larger fluctuations and is considered to be riskier than FRNW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALKS | FRNW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.20% | 7.97% | +4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 30.15% | 17.79% | +12.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.66% | 25.55% | +15.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.32% | 28.34% | +8.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.29% | 28.34% | +12.95% |
Dividends
ALKS vs. FRNW - Dividend Comparison
ALKS has not paid dividends to shareholders, while FRNW's dividend yield for the trailing twelve months is around 0.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ALKS Alkermes plc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRNW Fidelity Clean Energy ETF | 0.94% | 1.25% | 1.43% | 1.30% | 0.69% | 0.04% |
Frequently Asked Questions
ALKS and FRNW have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALKS has higher volatility (12.20%) compared to FRNW (7.97%). In terms of maximum drawdown, ALKS dropped -96.14% vs FRNW's -59.37%.
FRNW currently has the higher Sharpe Ratio (3.29 vs 0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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