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Data as of Nov 4, 2026.

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Thematic ETFs

FAN vs FRNW: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FAN returned +15.1% to FRNW's +3.1%; 22% of their weight is in the same names.

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Net assets: $190m on Nov 3, 2026 for First Trust Global Wind Energy ETF, and $91m on Sep 30, 2026 for Fidelity Clean Energy ETF.

FAN on its own →FRNW on its own →
At a glance
6.7%
FAN in the S&P 500
9.7%
FRNW in the S&P 500
+15.1%
FAN total return, 1 year
+3.1%
FRNW total return, 1 year
FAN · 1 year to Nov 4, 2026 93% of its weight is outside the S&P 500
93% of its weight is outside the S&P 5007% of FAN's weight is in S&P 500 companies and 93% is outside the index. Holdings as of Nov 3, 2026.7%93%inof its weight outside the S&P 500active share 99% · top ten 55% of the fund · 45 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 0% in93% of its weight is outside the S&P 5007% of FAN's weight is in S&P 500 companies and 93% is outside the index. Holdings as of Nov 3, 2026.7%93%7% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · Nasdaq-100: 0% in

7% of FAN's weight is in S&P 500 companies and 93% is outside the index. Holdings as of Nov 3, 2026.

FRNW · 1 year to Nov 4, 2026 90% of its weight is outside the S&P 500
90% of its weight is outside the S&P 50010% of FRNW's weight is in S&P 500 companies and 90% is outside the index. Holdings as of Jun 30, 2026.10%90%inof its weight outside the S&P 500active share 100% · top ten 38% of the fund · 50 holdings as filed for Jun 30, 2026 · Nasdaq-100: 0% in90% of its weight is outside the S&P 50010% of FRNW's weight is in S&P 500 companies and 90% is outside the index. Holdings as of Jun 30, 2026.10%90%inof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

10% of FRNW's weight is in S&P 500 companies and 90% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

FRNW costs 0.21 points a year less; their one-year returns differ by 12.0 points.

Points (pts) are percentage points.

FAN vs FRNW: Holdings Overlap & Returns
MeasureFANFRNW
Return
Total return, 1 year+15.1%+3.1%
Drawdown
Below its all-time high14.9%, high on May 6, 202622.8%, high on Nov 1, 2021
Against its benchmark
What it tracksClean energyClean energy
Its benchmark, total return, 1 year+14.8%
Cost and size
Expense ratio0.60%0.39%
Net assets, FAN as of Nov 3, 2026 and FRNW as of Sep 30, 2026$190m$91m
Holdings
Holdings in common22%

Method

What they share

22%

By the books each fund has filed, FAN and FRNW hold 22% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

0 half 100%

half

22% in common

Positions both hold · largest shared weight first FAN FRNW
Orsted A/S 8.33% 2.92%
Nordex SE 8.61% 2.81%
GE Vernova Inc. 2.21% 5.99%
Acciona, S.A. 2.09% 2.96%
Northland Power Inc. 2.06% 2.12%
EDP Renewables SA 7.96% 1.95%
Enlight Renewable Energy Ltd. 1.81% 3.15%
Clearway Energy, Inc. (Class C) 1.72% 1.98%
ERG SpA 4.08% 1.50%
Cadeler A/S 4.34% 1.39%
CS Wind Corp. 2.99% 1.09%
Renew Energy Global Plc (Class A) 0.32% 1.23%
Only in one fund ↓
Only in FAN
Vestas Wind Systems A/S 7.70%
China Longyuan Power Group Corporation Limited (Class H) 6.14%
Goldwind Science & Technology Co., Ltd. (Class H) 2.74%
Alliant Energy Corporation 2.29%
Iberdrola S.A. 2.29%
NextEra Energy, Inc. 2.22%
AB SKF (Class B) 2.10%
Century Iron & Steel Industrial Co., Ltd. 2.08%
Only in FRNW
VESTAS WIND SYSTEMS AS 4.73%
BLOOM ENERGY CORP 4.51%
EDP S.A. 3.72%
FIRST SOLAR INC 3.68%
NEXTPOWER INC 3.31%
VERBUND AG 2.32%
BROOKFIELD RENEWABLE CORP 2.31%
ITRON INC 2.27%
Check overlap with more funds →

Window by window

Window by window: FAN vs FRNW: Holdings Overlap & Returns
Total returnvs its benchmark
WindowFANFRNWFANFRNW
3 months−1.5%−4.5%−1.2 pts vs IWVnot measured
6 months−14.9%−16.2%−19.8 pts vs IWVnot measured
1 year+15.1%+3.1%+0.3 pts vs IWVnot measured
3 years+66.8%+49.5%−14.2 pts vs IWVnot measured
Since launchNot the same days: FAN Jun 2008 · FRNW Oct 2021+12.2%−10.7%not measurednot measured

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Side by side

FAN First Trust Global Wind Energy ETF · Holds 45 stocks in clean energy, 7% 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
Issuer First Trust Fidelity
Theme Clean energy Clean energy
In the S&P 500 6.7% 9.7%
Active share vs the S&P 500 99.2% 99.5%
In the Nasdaq-100 0.0% 0.0%
Holdings 45 50
Top ten, share of the fund 55.2% 37.8%
Expense ratio 0.60% 0.39%
Fee for the differing part 0.60% 0.39%
Total return, 1 year +15.1% +3.1%
vs its benchmark +0.3 pts vs IWV not measured
Below its high −14.9% −22.8%
Net assets, FAN as of Nov 3, 2026 and FRNW as of Sep 30, 2026 $190m $91m

As of Nov 4, 2026. Source: ETFIQ.

22% of the two portfolios are the same securities at the same weight.

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About each fund
FAN

Over the year to Nov 4, 2026 the fund returned +15.1% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was about even.

By weight, 7% of FAN'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 55% of the fund across 45 positions, as published by its issuer for Nov 3, 2026. It sits 14.9% below its all-time high of May 6, 2026.

FRNW

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 Nov 4, 2026 the fund returned +3.1% with distributions reinvested. It sits 22.8% below its all-time high of Nov 1, 2021.

Questions people ask

Do FAN and FRNW hold the same stocks?
By their latest filings, 22% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FAN or FRNW?
FAN has 7% of its weight in S&P 500 names and FRNW has 10%, so FRNW differs more from the index.
Which is cheaper, FAN or FRNW?
FAN charges 0.60% a year and FRNW charges 0.39%, so FRNW is cheaper. Fees come from each fund's prospectus.
Other comparisons
FAN vs ICLNFAN vs HYDRFAN vs PBDFAN vs SMOGFRNW vs ICLNFRNW vs PBWFRNW vs PBDFRNW vs HYDR
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FAN on its own →FRNW on its own →FAN dividend history →FAN holdings →FRNW dividend history →FRNW holdings →Method →Standards and sources →
Sources and dates
FAN filings on SEC EDGAR ↗
FAN prospectus with the expense ratio (SEC) ↗
First Trust page for FAN ↗
FRNW filings on SEC EDGAR ↗
FRNW prospectus with the expense ratio (SEC) ↗
Fidelity website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FAN against FRNW, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fan-vs-frnw

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.