FRNW vs. VOO
Compare and contrast key facts about Fidelity Clean Energy ETF (FRNW) and Vanguard S&P 500 ETF (VOO).
FRNW and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRNW or VOO.
Correlation
The correlation between FRNW and VOO is 0.62, 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. VOO - Performance Comparison
Key characteristics
FRNW:
-0.26
VOO:
2.21
FRNW:
-0.19
VOO:
2.93
FRNW:
0.98
VOO:
1.41
FRNW:
-0.12
VOO:
3.35
FRNW:
-0.70
VOO:
14.09
FRNW:
9.33%
VOO:
2.01%
FRNW:
25.40%
VOO:
12.78%
FRNW:
-53.35%
VOO:
-33.99%
FRNW:
-52.12%
VOO:
-0.46%
Returns By Period
In the year-to-date period, FRNW achieves a 1.57% return, which is significantly lower than VOO's 2.90% return.
FRNW
1.57%
-0.07%
-8.25%
-7.49%
N/A
N/A
VOO
2.90%
2.05%
9.63%
26.44%
14.54%
13.46%
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FRNW vs. VOO - Expense Ratio Comparison
FRNW has a 0.39% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FRNW vs. VOO — Risk-Adjusted Performance Rank
FRNW
VOO
FRNW vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Clean Energy ETF (FRNW) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FRNW's dividend yield for the trailing twelve months is around 1.41%, more than VOO's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRNW Fidelity Clean Energy ETF | 1.41% | 1.43% | 1.30% | 0.69% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.21% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FRNW vs. VOO - Drawdown Comparison
The maximum FRNW drawdown since its inception was -53.35%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FRNW and VOO. For additional features, visit the drawdowns tool.
Volatility
FRNW vs. VOO - Volatility Comparison
Fidelity Clean Energy ETF (FRNW) has a higher volatility of 7.77% compared to Vanguard S&P 500 ETF (VOO) at 5.12%. This indicates that FRNW's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.