FRNW vs. BATT

Last updated Aug 2, 2026

FRNW (Fidelity Clean Energy ETF) and BATT (Amplify Lithium & Battery Technology ETF) are both exchange-traded funds - FRNW is a Alternative Energy Equities fund actively managed by Fidelity, while BATT is a Lithium & Battery Metals fund actively managed by Amplify. Both are actively managed. Over the past 3 years, FRNW returned 4.60%/yr vs 3.98%/yr for BATT. Their 0.72 correlation means they have sometimes moved together and sometimes differently. FRNW charges 0.39%/yr vs 0.59%/yr for BATT.

Performance

FRNW vs. BATT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Clean Energy ETF (FRNW) and Amplify Lithium & Battery Technology ETF (BATT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRNW achieves a 10.45% return, which is significantly higher than BATT's 3.91% return.

FRNW

• 1D: -0.27%
• 1M: -5.87%
• 6M: -0.30%
• YTD: 10.45%
• 1Y: 35.77%
• 3Y*: 4.60%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.59%

BATT

• 1D: -0.62%
• 1M: -5.22%
• 6M: -5.47%
• YTD: 3.91%
• 1Y: 49.49%
• 3Y*: 3.98%
• 5Y*: -2.05%
• 10Y*: —
• ALL TIME*: -1.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BATT Amplify Lithium & Battery Technology ETF	$677.09K	$717.59K	$1.32M
FRNW Fidelity Clean Energy ETF	$628.98K	$1.05M	$2.64M

FRNW vs. BATT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FRNW Fidelity Clean Energy ETF	10.45%	53.20%	-21.11%	-19.64%	-11.46%	-2.52%
BATT Amplify Lithium & Battery Technology ETF	3.91%	59.70%	-13.93%	-7.05%	-32.25%	9.52%

Correlation

The correlation between FRNW and BATT is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021	0.72

The correlation between FRNW and BATT has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

FRNW vs. BATT - Sectors Allocation Comparison

Sectors	FRNW	BATT
Utilities	42.0%	-
Industrials	34.0%	17.7%
Technology	23.1%	3.1%
Energy	8.2%	-
Basic Materials	0.9%	57.4%
Communication Services	-	0.0%
Consumer Cyclical	-	20.6%
Consumer Defensive	-	-
Financial Services	-	0.2%
Healthcare	-	-
Real Estate	-	-

Return for Risk

FRNW vs. BATT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FRNW

FRNW Risk / Return Rank: 48
FRNW Sharpe Ratio Rank: 53
FRNW Sortino Ratio Rank: 52
FRNW Omega Ratio Rank: 47
FRNW Calmar Ratio Rank: 45
FRNW Martin Ratio Rank: 46

BATT

BATT Risk / Return Rank: 58
BATT Sharpe Ratio Rank: 63
BATT Sortino Ratio Rank: 56
BATT Omega Ratio Rank: 58
BATT Calmar Ratio Rank: 61
BATT Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FRNW vs. BATT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Clean Energy ETF (FRNW) and Amplify Lithium & Battery Technology ETF (BATT). 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.

	FRNW	BATT	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.46	-0.19
Sortino ratio: Return per unit of downside risk	1.82	1.94	-0.11
Omega ratio: Gain probability vs. loss probability	1.22	1.25	-0.03
Calmar ratio: Return relative to maximum drawdown	1.60	2.13	-0.53
Martin ratio: Return relative to average drawdown	5.16	6.06	-0.90

FRNW vs. BATT - Sharpe Ratio Comparison

The current FRNW Sharpe Ratio is 1.28, which is comparable to the BATT Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of FRNW and BATT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FRNW vs. BATT - Drawdown Comparison

The maximum FRNW drawdown since its inception was -59.37%, smaller than the maximum BATT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for FRNW and BATT.

Drawdown Indicators

	FRNW	BATT	Difference
Max Drawdown Largest peak-to-trough decline	-59.37%	-69.38%	+10.01%
Max Drawdown (1Y) Largest decline over 1 year	-22.08%	-23.02%	+0.94%
Max Drawdown (3Y) Largest decline over 3 years	-39.17%	-45.26%	+6.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-61.98%	—
Current Drawdown Current decline from peak	-20.24%	-20.47%	+0.23%
Average Drawdown Average peak-to-trough decline	-32.71%	-34.40%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.83%	8.08%	-1.25%

Volatility

FRNW vs. BATT - Volatility Comparison

The current volatility for Fidelity Clean Energy ETF (FRNW) is 8.48%, while Amplify Lithium & Battery Technology ETF (BATT) has a volatility of 10.06%. This indicates that FRNW experiences smaller price fluctuations and is considered to be less risky than BATT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRNW	BATT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.48%	10.06%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	20.82%	28.05%	-7.23%
Volatility (1Y) Calculated over the trailing 1-year period	27.75%	33.66%	-5.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.55%	30.00%	-1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.55%	30.78%	-2.23%

FRNW vs. BATT - Expense Ratio Comparison

FRNW has a 0.39% expense ratio, which is lower than BATT's 0.59% expense ratio.

Dividends

FRNW vs. BATT - Dividend Comparison

FRNW's dividend yield for the trailing twelve months is around 1.24%, less than BATT's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BATT Amplify Lithium & Battery Technology ETF	1.78%	1.85%	3.17%	3.23%	4.14%	2.32%	0.21%	3.22%	0.89%
FRNW Fidelity Clean Energy ETF	1.24%	1.25%	1.43%	1.30%	0.69%	0.04%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FRNW and BATT in my portfolio?

FRNW and BATT have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRNW or BATT?

BATT has higher volatility (10.06%) compared to FRNW (8.48%). In terms of maximum drawdown, FRNW dropped -59.37% vs BATT's -69.38%.

Which ETF is better, FRNW or BATT?

On 3-year performance, FRNW leads with 4.60% vs 3.98% for BATT. On fees, FRNW is cheaper at 0.39% per year. On volatility, FRNW has been the lower-risk option at 8.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FRNW or BATT?

Over the 3-year period, FRNW has performed better with a 4.60% return vs 3.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FRNW or BATT?

FRNW is cheaper with a 0.39% expense ratio, compared with 0.59% for BATT.

Which ETF pays a higher dividend yield, FRNW or BATT?

BATT has the higher dividend yield at 1.78%, compared with 1.24% for FRNW.

What is the main difference between FRNW and BATT?

FRNW is categorized as Alternative Energy Equities, while BATT is Lithium & Battery Metals. They also come from different issuers: Fidelity and Amplify. Their fees differ too: 0.39% for FRNW and 0.59% for BATT.

Which has better risk-adjusted returns?

BATT currently has the higher Sharpe Ratio (1.46 vs 1.28), 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.