Data as of .
FRNW vs HYDR: which is really different?
FRNW and HYDR hold 2% of their weight in the same names, and HYDR returned more over the year.
ETFIQ Off-Index Score: HYDR scores higher
How much of it is not the index it is sold as an alternative to?
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
2% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FRNW and HYDR hold 2% of their money in the same securities at the same weight.
| Holding | FRNW | HYDR |
|---|---|---|
| PLUG POWER INC | 1.49% | 9.73% |
| Only in FRNW | Only in HYDR |
|---|---|
| GE VERNOVA INC 6.01% | BLOOM ENERGY CORP- A 16.93% |
| VESTAS WIND SYSTEMS AS 4.74% | DOOSAN FUEL CELL CO LTD 11.51% |
| BLOOM ENERGY CORP 4.53% | CERES POWER HOLDINGS PLC 7.38% |
| EDP S.A. 3.74% | SFC ENERGY AG-BR 6.38% |
| FIRST SOLAR INC 3.69% | FUELCELL ENERGY INC 5.59% |
| NEXTPOWER INC 3.32% | ITM POWER PLC 4.34% |
| ENLIGHT RENEWABLE ENERGY LTD 3.16% | NEL ASA 4.32% |
| ACCIONA SA 2.97% | VINA TECH CO LTD 3.73% |
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 Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FRNW | HYDR | FRNW | HYDR | FRNW | HYDR | |
| 3 months | −12.0% | −19.9% | −14.3 pts | −22.2 pts | −9.6 pts | −17.5 pts |
| 6 months | −2.2% | +21.4% | −20.2 pts | +3.4 pts | −26.4 pts | −2.8 pts |
| 1 year | +16.4% | +37.6% | −0.2 pts | +21.0 pts | −5.4 pts | +15.8 pts |
| 3 years | +33.7% | +17.1% | −44.7 pts | −61.3 pts | −64.5 pts | −81.0 pts |
| Since launch | −9.4% | −60.3% | −95.1 pts | −147.6 pts | −114.0 pts | −165.0 pts |
| 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 30 stocks in clean energy, 5% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Fidelity | Global X |
| Theme | Clean energy | Clean energy |
| In the S&P 500 | 9.7% | 5.1% |
| Active share vs the S&P 500 | 99.5% | 99.7% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 50 | 30 |
| Top ten, share of the fund | 37.9% | 73.1% |
| Expense ratio | 0.39% | 0.50% |
| Fee for the differing part | 0.39% | 0.50% |
| Total return, 1 year | +16.4% | +37.6% |
| vs the S&P 500 | −0.2 pts | +21.0 pts |
| vs the Nasdaq-100 | −5.4 pts | +15.8 pts |
| Below its high | −21.7% | −67.1% |
| Net assets | $97m | $98m |
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.
HYDR in plain words
By weight, 5% 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 73% of the fund across 30 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +37.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 21.0 pts. It sits 67.1% below its all-time high of Nov 8, 2021.
Questions people ask
- Do FRNW and HYDR hold the same stocks?
- By their latest filings, 2% 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, FRNW or HYDR?
- FRNW has 10% of its weight in S&P 500 names and HYDR has 5%, 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
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.
Cite this page. ETFIQ, FRNW against HYDR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/frnw-vs-hydr Free to use with attribution; the underlying files are at Open data.