ENVB vs. FRNW
ENVB (Enveric Biosciences Inc) is a stock, while FRNW (Fidelity Clean Energy ETF) is Alternative Energy Equities fund actively managed by Fidelity. Over the past 3 years, ENVB returned -87.52%/yr vs 6.49%/yr for FRNW. At a 0.24 correlation, their price movements are largely independent.
Performance
ENVB vs. FRNW - Performance Comparison
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Returns By Period
In the year-to-date period, ENVB achieves a -59.23% return, which is significantly lower than FRNW's 23.62% return.
ENVB
- 1D
- -3.27%
- 1M
- -34.22%
- YTD
- -59.23%
- 6M
- -72.39%
- 1Y
- -89.81%
- 3Y*
- -87.52%
- 5Y*
- -85.10%
- 10Y*
- -74.86%
FRNW
- 1D
- 0.40%
- 1M
- -4.24%
- YTD
- 23.62%
- 6M
- 23.50%
- 1Y
- 63.53%
- 3Y*
- 6.49%
- 5Y*
- —
- 10Y*
- —
ENVB vs. FRNW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ENVB Enveric Biosciences Inc | -59.23% | -94.37% | -72.43% | -37.50% | -95.53% | -48.90% |
FRNW Fidelity Clean Energy ETF | 23.62% | 53.20% | -21.11% | -19.64% | -11.46% | -2.52% |
Correlation
The correlation between ENVB and FRNW is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.24 |
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Return for Risk
ENVB vs. FRNW — Risk / Return Rank
ENVB
FRNW
ENVB vs. FRNW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enveric Biosciences Inc (ENVB) 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.
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.
| ENVB | FRNW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.37 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 4.50 | -5.48 |
| Martin ratioReturn relative to average drawdown | -1.34 | 15.55 | -16.89 |
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Drawdowns
ENVB vs. FRNW - Drawdown Comparison
The maximum ENVB drawdown since its inception was -100.00%, which is greater than FRNW's maximum drawdown of -59.37%. Use the drawdown chart below to compare losses from any high point for ENVB and FRNW.
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Drawdown Indicators
| ENVB | FRNW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -59.37% | -40.63% |
Max Drawdown (1Y)Largest decline over 1 year | -91.49% | -14.20% | -77.29% |
Max Drawdown (3Y)Largest decline over 3 years | -99.81% | -45.14% | -54.67% |
Max Drawdown (5Y)Largest decline over 5 years | -100.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -10.73% | -89.27% |
Average DrawdownAverage peak-to-trough decline | -86.07% | -33.15% | -52.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 66.73% | 4.10% | +62.63% |
Volatility
ENVB vs. FRNW - Volatility Comparison
Enveric Biosciences Inc (ENVB) has a higher volatility of 21.07% compared to Fidelity Clean Energy ETF (FRNW) at 10.63%. This indicates that ENVB'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
| ENVB | FRNW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.07% | 10.63% | +10.44% |
Volatility (6M)Calculated over the trailing 6-month period | 105.59% | 19.59% | +86.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 175.01% | 26.98% | +148.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 155.96% | 28.51% | +127.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 164.65% | 28.51% | +136.14% |
Dividends
ENVB vs. FRNW - Dividend Comparison
ENVB has not paid dividends to shareholders, while FRNW's dividend yield for the trailing twelve months is around 1.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ENVB Enveric Biosciences Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRNW Fidelity Clean Energy ETF | 1.02% | 1.25% | 1.43% | 1.30% | 0.69% | 0.04% |
Frequently Asked Questions
ENVB and FRNW have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENVB has higher volatility (21.07%) compared to FRNW (10.63%). In terms of maximum drawdown, ENVB dropped -100.00% vs FRNW's -59.37%.
FRNW currently has the higher Sharpe Ratio (2.37 vs -0.51), 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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