FRNW vs. XLU
Compare and contrast key facts about Fidelity Clean Energy ETF (FRNW) and Utilities Select Sector SPDR Fund (XLU).
FRNW and XLU 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. XLU is a passively managed fund by State Street that tracks the performance of the Utilities Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRNW or XLU.
Correlation
The correlation between FRNW and XLU is 0.42, 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. XLU - Performance Comparison
Key characteristics
FRNW:
-0.34
XLU:
1.63
FRNW:
-0.31
XLU:
2.26
FRNW:
0.96
XLU:
1.28
FRNW:
-0.16
XLU:
1.29
FRNW:
-0.94
XLU:
7.65
FRNW:
9.21%
XLU:
3.29%
FRNW:
25.49%
XLU:
15.45%
FRNW:
-53.35%
XLU:
-52.27%
FRNW:
-51.92%
XLU:
-6.64%
Returns By Period
In the year-to-date period, FRNW achieves a 2.00% return, which is significantly higher than XLU's 1.45% return.
FRNW
2.00%
-0.75%
-8.12%
-6.05%
N/A
N/A
XLU
1.45%
0.53%
11.18%
26.50%
6.20%
8.18%
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FRNW vs. XLU - Expense Ratio Comparison
FRNW has a 0.39% expense ratio, which is higher than XLU's 0.13% expense ratio.
Risk-Adjusted Performance
FRNW vs. XLU — Risk-Adjusted Performance Rank
FRNW
XLU
FRNW vs. XLU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Clean Energy ETF (FRNW) and Utilities Select Sector SPDR Fund (XLU). 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. XLU - Dividend Comparison
FRNW's dividend yield for the trailing twelve months is around 1.41%, less than XLU's 2.92% 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% |
XLU Utilities Select Sector SPDR Fund | 2.92% | 2.96% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.42% | 3.67% | 3.19% |
Drawdowns
FRNW vs. XLU - Drawdown Comparison
The maximum FRNW drawdown since its inception was -53.35%, roughly equal to the maximum XLU drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for FRNW and XLU. For additional features, visit the drawdowns tool.
Volatility
FRNW vs. XLU - Volatility Comparison
Fidelity Clean Energy ETF (FRNW) has a higher volatility of 7.81% compared to Utilities Select Sector SPDR Fund (XLU) at 4.41%. This indicates that FRNW's price experiences larger fluctuations and is considered to be riskier than XLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.