Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

CCSO vs FRNW: which is really different?

CCSO and FRNW hold 16% of their weight in the same names, and FRNW returned more over the year.

Carbon Collective Climate Solutions U.S. Equity ETF and Fidelity Clean Energy ETF.

47.7%CCSO in the S&P 500
9.7%FRNW in the S&P 500
+2.9%CCSO total return, 1 year
+16.4%FRNW total return, 1 year

ETFIQ Off-Index Score: FRNW scores higher

How much of it is not the index it is sold as an alternative to?

CCSO 57.4FRNW 69.30.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

CCSO52% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
48%52%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · top ten 53% of the fund · 119 holdings filed Apr 30, 2026 · Nasdaq-100: 0% in48%52%in the S&P 500outside the S&P 500active share 99% · top ten 53% of the fund
FRNW90% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
10%90%inof its weight outside the S&P 500active share 100% · top ten 38% of the fund · 50 holdings filed Jun 30, 2026 · Nasdaq-100: 0% in10%90%inof its weight outside the S&P 500active share 100% · top ten 38% of the fund

16% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, CCSO and FRNW hold 16% of their money in the same securities at the same weight.

Positions CCSO and FRNW both hold, largest shared weight first
HoldingCCSOFRNW
GE Vernova Inc7.71%6.01%
Enlight Renewable Energy Ltd3.00%3.16%
First Solar Inc1.73%3.69%
Nextpower Inc1.35%3.32%
Clearway Energy Inc0.70%1.99%
Ormat Technologies Inc0.56%2.23%
Brookfield Renewable Corp0.53%2.32%
Enphase Energy Inc0.35%2.13%
Plug Power Inc0.34%1.49%
Itron Inc0.31%2.28%
JinkoSolar Holding Co Ltd0.24%0.88%
Sunrun Inc0.23%1.88%
Only in each
Only in CCSOOnly in FRNW
Quanta Services Inc 7.55%VESTAS WIND SYSTEMS AS 4.74%
Johnson Controls International 6.04%BLOOM ENERGY CORP 4.53%
Southern Copper Corp 5.98%EDP S.A. 3.74%
Carrier Global Corp 5.17%ACCIONA SA 2.97%
Waste Management Inc 4.79%ORSTED A/S 2.93%
Cameco Corp 4.30%NORDEX SE 2.82%
Republic Services Inc 4.21%VERBUND AG 2.33%
Nucor Corp 4.13%VINCI SA 2.23%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.

Performance, window by window

CCSO and FRNW over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
CCSOFRNWCCSOFRNWCCSOFRNW
3 months−11.4%−12.0%−13.6 pts−14.3 pts−8.9 pts−9.6 pts
6 months0.0%−2.2%−18.0 pts−20.2 pts−24.2 pts−26.4 pts
1 year+2.9%+16.4%−13.6 pts−0.2 pts−18.8 pts−5.4 pts
3 years+34.9%+33.7%−43.5 pts−44.7 pts−63.3 pts−64.5 pts
Since launch+30.7%−9.4%−78.2 pts−95.1 pts−124.9 pts−114.0 pts
Open the live comparison on ETFIQ
CCSO and FRNW on the same fields, as of Sep 18, 2026. Source: ETFIQ.
CCSO
Carbon Collective Climate Solutions U.S. Equity ETF
Holds 119 stocks in clean energy, 48% of its weight in S&P 500 companies
FRNW
Fidelity Clean Energy ETF
Holds 50 stocks in clean energy, 10% of its weight in S&P 500 companies
IssuerCarbon CollectiveFidelity
ThemeClean energyClean energy
In the S&P 50047.7%9.7%
Active share vs the S&P 50098.7%99.5%
In the Nasdaq-1000.0%0.0%
Holdings11950
Top ten, share of the fund53.4%37.9%
Expense ratio0.35%0.39%
Fee for the differing part0.35%0.39%
Total return, 1 year+2.9%+16.4%
vs the S&P 500−13.6 pts−0.2 pts
vs the Nasdaq-100−18.8 pts−5.4 pts
Below its high−16.4%−21.7%
Net assets$47m$97m

CCSO in plain words

By weight, 48% of CCSO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 53% of the fund across 119 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +2.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 13.6 pts. It sits 16.4% below its all-time high of Jun 2, 2026.

FRNW in plain words

By weight, 10% of FRNW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 38% of the fund across 50 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +16.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was about even. It sits 21.7% below its all-time high of Nov 1, 2021.

Questions people ask

Do CCSO and FRNW hold the same stocks?
By their latest filings, 16% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, CCSO or FRNW?
CCSO has 48% of its weight in S&P 500 names and FRNW has 10%, so FRNW differs more from the index.
Which is cheaper, CCSO or FRNW?
CCSO charges 0.35% a year and FRNW charges 0.39%, so CCSO is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

CCSO against FRNW, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, CCSO against FRNW, data as of Sep 18, 2026. https://etfiq.com/compare/themes/ccso-vs-frnw Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources