IDV vs. FRNW

Last updated Jun 16, 2026

IDV (iShares International Select Dividend ETF) and FRNW (Fidelity Clean Energy ETF) are both exchange-traded funds - IDV is a Global Equities fund tracking the Dow Jones EPAC Select Dividend, while FRNW is a Alternative Energy Equities fund actively managed by Fidelity. IDV is passively managed, while FRNW is actively managed. Over the past 3 years, IDV returned 24.42%/yr vs 6.49%/yr for FRNW. A 0.60 correlation means they provide meaningful diversification when combined. IDV charges 0.49%/yr vs 0.39%/yr for FRNW.

Performance

IDV vs. FRNW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Select Dividend ETF (IDV) and Fidelity Clean Energy ETF (FRNW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDV achieves a 12.82% return, which is significantly lower than FRNW's 23.62% return.

IDV

• 1D: -0.69%
• 1M: -0.26%
• YTD: 12.82%
• 6M: 14.44%
• 1Y: 35.47%
• 3Y*: 24.42%
• 5Y*: 12.20%
• 10Y*: 10.65%

FRNW

• 1D: 0.40%
• 1M: -4.24%
• YTD: 23.62%
• 6M: 23.50%
• 1Y: 63.53%
• 3Y*: 6.49%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDV vs. FRNW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IDV iShares International Select Dividend ETF	12.82%	52.16%	4.00%	10.32%	-6.40%	2.70%
FRNW Fidelity Clean Energy ETF	23.62%	53.20%	-21.11%	-19.64%	-11.46%	-2.52%

Correlation

The correlation between IDV and FRNW is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021	0.60

The correlation between IDV and FRNW has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

IDV vs. FRNW - Sectors Allocation Comparison

Sectors	IDV	FRNW
Financial Services	30.6%	-
Energy	14.8%	22.5%
Utilities	11.5%	42.5%
Communication Services	9.9%	-
Consumer Cyclical	9.9%	-
Consumer Defensive	7.2%	-
Industrials	6.9%	28.7%
Basic Materials	6.3%	-
Real Estate	2.3%	-
Technology	0.9%	6.0%
Healthcare	-	-

Return for Risk

IDV vs. FRNW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDV

IDV Risk / Return Rank: 87
IDV Sharpe Ratio Rank: 90
IDV Sortino Ratio Rank: 88
IDV Omega Ratio Rank: 89
IDV Calmar Ratio Rank: 85
IDV Martin Ratio Rank: 84

FRNW

FRNW Risk / Return Rank: 79
FRNW Sharpe Ratio Rank: 82
FRNW Sortino Ratio Rank: 73
FRNW Omega Ratio Rank: 69
FRNW Calmar Ratio Rank: 87
FRNW Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDV vs. FRNW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Select Dividend ETF (IDV) and Fidelity Clean Energy ETF (FRNW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IDV	FRNW	Difference
Sharpe ratio: Return per unit of total volatility	2.73	2.37	+0.36
Sortino ratio: Return per unit of downside risk	3.57	2.98	+0.59
Omega ratio: Gain probability vs. loss probability	1.50	1.37	+0.12
Calmar ratio: Return relative to maximum drawdown	4.18	4.50	-0.31
Martin ratio: Return relative to average drawdown	15.48	15.55	-0.07

IDV vs. FRNW - Sharpe Ratio Comparison

The current IDV Sharpe Ratio is 2.73, which is comparable to the FRNW Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of IDV and FRNW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDV vs. FRNW - Drawdown Comparison

The maximum IDV drawdown since its inception was -70.14%, which is greater than FRNW's maximum drawdown of -59.37%. Use the drawdown chart below to compare losses from any high point for IDV and FRNW.

Drawdown Indicators

	IDV	FRNW	Difference
Max Drawdown Largest peak-to-trough decline	-70.14%	-59.37%	-10.77%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-14.20%	+5.68%
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	-45.14%	+33.28%
Max Drawdown (5Y) Largest decline over 5 years	-29.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.50%	—	—
Current Drawdown Current decline from peak	-2.37%	-10.73%	+8.36%
Average Drawdown Average peak-to-trough decline	-15.38%	-33.15%	+17.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	4.10%	-1.80%

Volatility

IDV vs. FRNW - Volatility Comparison

The current volatility for iShares International Select Dividend ETF (IDV) is 4.28%, while Fidelity Clean Energy ETF (FRNW) has a volatility of 10.63%. This indicates that IDV experiences smaller price fluctuations and is considered to be less risky than FRNW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDV	FRNW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	10.63%	-6.35%
Volatility (6M) Calculated over the trailing 6-month period	10.90%	19.59%	-8.69%
Volatility (1Y) Calculated over the trailing 1-year period	13.07%	26.98%	-13.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	28.51%	-12.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.93%	28.51%	-10.58%

IDV vs. FRNW - Expense Ratio Comparison

IDV has a 0.49% expense ratio, which is higher than FRNW's 0.39% expense ratio.

Dividends

IDV vs. FRNW - Dividend Comparison

IDV's dividend yield for the trailing twelve months is around 7.09%, more than FRNW's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRNW Fidelity Clean Energy ETF	1.02%	1.25%	1.43%	1.30%	0.69%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDV iShares International Select Dividend ETF	7.09%	4.94%	6.46%	6.51%	7.33%	5.78%	5.47%	5.15%	5.93%	4.52%	4.69%	5.08%

Frequently Asked Questions

Can I hold both IDV and FRNW in my portfolio?

IDV and FRNW have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDV or FRNW?

FRNW has higher volatility (10.63%) compared to IDV (4.28%). In terms of maximum drawdown, IDV dropped -70.14% vs FRNW's -59.37%.

Which ETF is better, IDV or FRNW?

On 3-year performance, IDV leads with 24.42% vs 6.49% for FRNW. On fees, FRNW is cheaper at 0.39% per year. On volatility, IDV has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDV or FRNW?

Over the 3-year period, IDV has performed better with a 24.42% return vs 6.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDV or FRNW?

FRNW is cheaper with a 0.39% expense ratio, compared with 0.49% for IDV.

Which ETF pays a higher dividend yield, IDV or FRNW?

IDV has the higher dividend yield at 7.09%, compared with 1.02% for FRNW.

What is the main difference between IDV and FRNW?

IDV is categorized as Global Equities, while FRNW is Alternative Energy Equities. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.49% for IDV and 0.39% for FRNW.

Which has better risk-adjusted returns?

IDV currently has the higher Sharpe Ratio (2.73 vs 2.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.