FRNW vs. HDRO
Compare and contrast key facts about Fidelity Clean Energy ETF (FRNW) and Defiance Next Gen H2 ETF (HDRO).
FRNW and HDRO 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. HDRO is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Hydrogen & NextGen Fuel Cell Index. It was launched on Mar 9, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRNW or HDRO.
Correlation
The correlation between FRNW and HDRO is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FRNW vs. HDRO - Performance Comparison
Key characteristics
FRNW:
-0.50
HDRO:
-0.68
FRNW:
-0.54
HDRO:
-0.83
FRNW:
0.94
HDRO:
0.91
FRNW:
-0.24
HDRO:
-0.29
FRNW:
-1.40
HDRO:
-1.16
FRNW:
9.16%
HDRO:
21.79%
FRNW:
25.81%
HDRO:
37.31%
FRNW:
-53.35%
HDRO:
-86.99%
FRNW:
-52.15%
HDRO:
-85.37%
Returns By Period
In the year-to-date period, FRNW achieves a 1.51% return, which is significantly higher than HDRO's -1.06% return.
FRNW
1.51%
-1.44%
-8.97%
-9.08%
N/A
N/A
HDRO
-1.06%
-5.17%
-20.26%
-21.56%
N/A
N/A
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FRNW vs. HDRO - Expense Ratio Comparison
FRNW has a 0.39% expense ratio, which is higher than HDRO's 0.30% expense ratio.
Risk-Adjusted Performance
FRNW vs. HDRO — Risk-Adjusted Performance Rank
FRNW
HDRO
FRNW vs. HDRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Clean Energy ETF (FRNW) and Defiance Next Gen H2 ETF (HDRO). 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. HDRO - Dividend Comparison
FRNW's dividend yield for the trailing twelve months is around 1.41%, more than HDRO's 0.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
FRNW Fidelity Clean Energy ETF | 1.41% | 1.43% | 1.30% | 0.69% | 0.04% |
HDRO Defiance Next Gen H2 ETF | 0.43% | 0.43% | 0.03% | 0.00% | 0.03% |
Drawdowns
FRNW vs. HDRO - Drawdown Comparison
The maximum FRNW drawdown since its inception was -53.35%, smaller than the maximum HDRO drawdown of -86.99%. Use the drawdown chart below to compare losses from any high point for FRNW and HDRO. For additional features, visit the drawdowns tool.
Volatility
FRNW vs. HDRO - Volatility Comparison
The current volatility for Fidelity Clean Energy ETF (FRNW) is 7.80%, while Defiance Next Gen H2 ETF (HDRO) has a volatility of 11.86%. This indicates that FRNW experiences smaller price fluctuations and is considered to be less risky than HDRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.