Correlation
The correlation between FRNW and ICLN is 0.58, 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.
FRNW vs. ICLN
Compare and contrast key facts about Fidelity Clean Energy ETF (FRNW) and iShares Global Clean Energy ETF (ICLN).
FRNW and ICLN 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. ICLN is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jun 24, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRNW or ICLN.
Performance
FRNW vs. ICLN - Performance Comparison
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Key characteristics
FRNW:
-0.41
ICLN:
-0.63
FRNW:
-0.36
ICLN:
-0.75
FRNW:
0.96
ICLN:
0.91
FRNW:
-0.17
ICLN:
-0.20
FRNW:
-0.70
ICLN:
-0.88
FRNW:
14.41%
ICLN:
16.62%
FRNW:
26.62%
ICLN:
23.10%
FRNW:
-59.37%
ICLN:
-87.15%
FRNW:
-48.81%
ICLN:
-66.12%
Returns By Period
In the year-to-date period, FRNW achieves a 8.59% return, which is significantly lower than ICLN's 11.34% return.
FRNW
8.59%
10.33%
-1.31%
-11.01%
-12.30%
N/A
N/A
ICLN
11.34%
7.92%
3.26%
-13.98%
-12.80%
2.39%
2.41%
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FRNW vs. ICLN - Expense Ratio Comparison
FRNW has a 0.39% expense ratio, which is lower than ICLN's 0.46% expense ratio.
Risk-Adjusted Performance
FRNW vs. ICLN — Risk-Adjusted Performance Rank
FRNW
ICLN
FRNW vs. ICLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Clean Energy ETF (FRNW) and iShares Global Clean Energy ETF (ICLN). 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.
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Dividends
FRNW vs. ICLN - Dividend Comparison
FRNW's dividend yield for the trailing twelve months is around 1.31%, less than ICLN's 1.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRNW Fidelity Clean Energy ETF | 1.31% | 1.43% | 1.30% | 0.69% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICLN iShares Global Clean Energy ETF | 1.66% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.83% |
Drawdowns
FRNW vs. ICLN - Drawdown Comparison
The maximum FRNW drawdown since its inception was -59.37%, smaller than the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for FRNW and ICLN.
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Volatility
FRNW vs. ICLN - Volatility Comparison
Fidelity Clean Energy ETF (FRNW) has a higher volatility of 6.85% compared to iShares Global Clean Energy ETF (ICLN) at 5.97%. This indicates that FRNW's price experiences larger fluctuations and is considered to be riskier than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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