Do FRNW and HYDR hold the same stocks?

By their latest filings, 6% 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, FRNW or HYDR?

FRNW has 10% of its weight in S&P 500 names and HYDR has 6%, so HYDR differs more from the index.

Which is cheaper, FRNW or HYDR?

FRNW charges 0.39% a year and HYDR charges 0.50%, so FRNW is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FRNW vs HYDR: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FRNW returned +3.1% to HYDR's −14.7%; 6% of their weight is in the same names.

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Net assets: $91m on Sep 30, 2026 for Fidelity Clean Energy ETF, and $89m on Oct 12, 2026 for Global X Hydrogen ETF.

FRNW on its own →HYDR on its own →

At a glance

9.7%

FRNW in the S&P 500

5.6%

HYDR in the S&P 500

+3.1%

FRNW total return, 1 year

−14.7%

HYDR total return, 1 year

FRNW · 1 year to Nov 4, 2026 90% of its weight is outside the S&P 500

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

HYDR · 1 year to Nov 4, 2026 94% of its weight is outside the S&P 500

6% of HYDR's weight is in S&P 500 companies and 94% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

FRNW costs 0.11 points a year less; their one-year returns differ by 17.8 points.

FRNW vs HYDR: Holdings Overlap & Returns
Measure	FRNW	HYDR
Return
Measure	FRNW	HYDR
Total return, 1 year	+3.1%	−14.7%
Drawdown
Measure	FRNW	HYDR
Below its all-time high	22.8%, high on Nov 1, 2021	74.1%, high on Nov 8, 2021
Benchmark
Measure	FRNW	HYDR
What it tracks	Clean energy	Clean energy
Cost and size
Measure	FRNW	HYDR
Expense ratio	0.39%	0.50%
Net assets, FRNW as of Sep 30, 2026 and HYDR as of Oct 12, 2026	$91m	$89m
Holdings
Measure	FRNW	HYDR
Holdings in common	6%

Method

What they share

By the books each fund has filed, FRNW and HYDR hold 6% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first FRNW HYDR

BLOOM ENERGY CORP 4.51% 13.69%

PLUG POWER INC 1.49% 10.36%

Only in one fund ↓

Only in FRNW

GE VERNOVA INC 5.99%

VESTAS WIND SYSTEMS AS 4.73%

EDP S.A. 3.72%

FIRST SOLAR INC 3.68%

NEXTPOWER INC 3.31%

ENLIGHT RENEWABLE ENERGY LTD 3.15%

ACCIONA SA 2.96%

ORSTED A/S 2.92%

Only in HYDR

Doosan Fuel Cell Co., Ltd. 10.73%

CERES POWER HOLDINGS PLC 7.46%

SFC Energy AG 6.81%

FUELCELL ENERGY, INC. 5.54%

ITM POWER PLC 4.51%

Nel ASA 4.36%

BALLARD POWER SYSTEMS INC. 3.53%

H-POWER PLC 3.37%

Check overlap with more funds →

Window by window

Window by window: FRNW vs HYDR: Holdings Overlap & Returns
	Total return
Window	FRNW	HYDR
3 months	−4.5%	−18.7%
6 months	−16.2%	−44.4%
1 year	+3.1%	−14.7%
3 years	+49.5%	+12.6%
Since launchNot the same days: FRNW Oct 2021 · HYDR Jul 2021	−10.7%	−68.6%

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Side by side

FRNW Fidelity Clean Energy ETF · Holds 50 stocks in clean energy, 10% of its weight in S&P 500 companies HYDR Global X Hydrogen ETF · Holds 25 stocks in clean energy, 6% of its weight in S&P 500 companies

Issuer Fidelity Global X

Theme Clean energy Clean energy

In the S&P 500 9.7% 5.6%

Active share vs the S&P 500 99.5% 99.7%

In the Nasdaq-100 0.0% 0.0%

Holdings 50 25

Top ten, share of the fund 37.8% 70.4%

Expense ratio 0.39% 0.50%

Fee for the differing part 0.39% 0.50%

Total return, 1 year +3.1% −14.7%

vs its benchmark not measured not measured

Below its high −22.8% −74.1%

Net assets, FRNW as of Sep 30, 2026 and HYDR as of Oct 12, 2026 $91m $89m

As of Nov 4, 2026. Source: ETFIQ.

6% of the two portfolios are the same securities at the same weight.

Alert

About each fund

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.

HYDR

By weight, 6% of HYDR'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 70% of the fund across 25 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −14.7% with distributions reinvested. It sits 74.1% below its all-time high of Nov 8, 2021.

Questions people ask

Do FRNW and HYDR hold the same stocks?: By their latest filings, 6% 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, FRNW or HYDR?: FRNW has 10% of its weight in S&P 500 names and HYDR has 6%, so HYDR differs more from the index.
Which is cheaper, FRNW or HYDR?: FRNW charges 0.39% a year and HYDR charges 0.50%, so FRNW is cheaper. Fees come from each fund's prospectus.

Other comparisons

FRNW vs ICLN FRNW vs PBD FRNW vs KGRN FRNW vs PBW HYDR vs ICLN HYDR vs PBD HYDR vs SMOG HYDR vs KGRN

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FRNW on its own →HYDR on its own →FRNW dividend history →FRNW holdings →HYDR dividend history →HYDR holdings →Method →Standards and sources →

Sources and dates

FRNW filings on SEC EDGAR ↗

FRNW prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

HYDR filings on SEC EDGAR ↗

HYDR prospectus with the expense ratio (SEC) ↗

Global X page for HYDR ↗

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

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