FRNW vs. FDTX
Compare and contrast key facts about Fidelity Clean Energy ETF (FRNW) and Fidelity Disruptive Technology ETF (FDTX).
FRNW and FDTX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FRNW is an actively managed fund by Fidelity. It was launched on Oct 5, 2021. FDTX is an actively managed fund by Fidelity. It was launched on Apr 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRNW or FDTX.
Correlation
The correlation between FRNW and FDTX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FRNW vs. FDTX - Performance Comparison
Key characteristics
FRNW:
-0.50
FDTX:
1.07
FRNW:
-0.54
FDTX:
1.54
FRNW:
0.94
FDTX:
1.20
FRNW:
-0.24
FDTX:
1.47
FRNW:
-1.40
FDTX:
4.74
FRNW:
9.16%
FDTX:
5.25%
FRNW:
25.81%
FDTX:
23.16%
FRNW:
-53.35%
FDTX:
-18.61%
FRNW:
-52.15%
FDTX:
-4.94%
Returns By Period
In the year-to-date period, FRNW achieves a 1.51% return, which is significantly higher than FDTX's 1.24% return.
FRNW
1.51%
-1.44%
-8.97%
-9.08%
N/A
N/A
FDTX
1.24%
-4.51%
9.79%
25.14%
N/A
N/A
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FRNW vs. FDTX - Expense Ratio Comparison
FRNW has a 0.39% expense ratio, which is lower than FDTX's 0.50% expense ratio.
Risk-Adjusted Performance
FRNW vs. FDTX — Risk-Adjusted Performance Rank
FRNW
FDTX
FRNW vs. FDTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Clean Energy ETF (FRNW) and Fidelity Disruptive Technology ETF (FDTX). 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.
Dividends
FRNW vs. FDTX - Dividend Comparison
FRNW's dividend yield for the trailing twelve months is around 1.41%, while FDTX has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
FRNW Fidelity Clean Energy ETF | 1.41% | 1.43% | 1.30% | 0.69% | 0.04% |
FDTX Fidelity Disruptive Technology ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FRNW vs. FDTX - Drawdown Comparison
The maximum FRNW drawdown since its inception was -53.35%, which is greater than FDTX's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for FRNW and FDTX. For additional features, visit the drawdowns tool.
Volatility
FRNW vs. FDTX - Volatility Comparison
Fidelity Clean Energy ETF (FRNW) has a higher volatility of 7.80% compared to Fidelity Disruptive Technology ETF (FDTX) at 6.84%. This indicates that FRNW's price experiences larger fluctuations and is considered to be riskier than FDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.