Do FRNW and KGRN hold the same stocks?

By their latest filings, 1% 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 KGRN?

FRNW has 10% of its weight in S&P 500 names and KGRN has 0%, so KGRN differs more from the index.

Which is cheaper, FRNW or KGRN?

FRNW charges 0.39% a year and KGRN charges 0.79%, so FRNW is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FRNW vs KGRN: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FRNW returned +3.1% to KGRN's −26.1%; 1% 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 $44m on Nov 4, 2026 for KraneShares MSCI China Clean Technology Index ETF.

FRNW on its own →KGRN on its own →

At a glance

9.7%

FRNW in the S&P 500

0.0%

KGRN in the S&P 500

+3.1%

FRNW total return, 1 year

−26.1%

KGRN 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.

KGRN · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of KGRN's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

FRNW costs 0.40 points a year less; their one-year returns differ by 29.2 points.

FRNW vs KGRN: Holdings Overlap & Returns
Measure	FRNW	KGRN
Return
Measure	FRNW	KGRN
Total return, 1 year	+3.1%	−26.1%
Drawdown
Measure	FRNW	KGRN
Below its all-time high	22.8%, high on Nov 1, 2021	57.8%, high on Feb 16, 2021
Benchmark
Measure	FRNW	KGRN
What it tracks	Clean energy	Clean energy
Cost and size
Measure	FRNW	KGRN
Expense ratio	0.39%	0.79%
Net assets, FRNW as of Sep 30, 2026 and KGRN as of Nov 4, 2026	$91m	$44m
Holdings
Measure	FRNW	KGRN
Holdings in common	1%

Method

What they share

By the books each fund has filed, FRNW and KGRN hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first FRNW KGRN

XINYI SOLAR HOLDINGS LTD 1.22% 3.03%

Only in one fund ↓

Only in FRNW

GE VERNOVA INC 5.99%

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%

ENLIGHT RENEWABLE ENERGY LTD 3.15%

ACCIONA SA 2.96%

Only in KGRN

CGN POWER CO LTD-H 12.23%

CHINA YANGTZE POWER CO LTD-A 10.33%

BYD CO LTD-H 7.17%

CHINA NATIONAL NUCLEAR POW-A 5.43%

EB ENVIRONMENT 4.78%

CHINA LONGYUAN POWER GROUP-H 4.54%

SDIC POWER HOLDINGS CO LTD-A 3.91%

CHINA CONCH VENTURE HOLDINGS 3.64%

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Window by window

Window by window: FRNW vs KGRN: Holdings Overlap & Returns
	Total return
Window	FRNW	KGRN
3 months	−4.5%	−10.1%
6 months	−16.2%	−24.8%
1 year	+3.1%	−26.1%
3 years	+49.5%	−8.0%
Since launchNot the same days: FRNW Oct 2021 · KGRN Oct 2017	−10.7%	−1.9%

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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 KGRN KraneShares MSCI China Clean Technology Index ETF · Holds 48 stocks in clean energy, 0% of its weight in S&P 500 companies

Issuer Fidelity KraneShares

Theme Clean energy Clean energy

In the S&P 500 9.7% 0.0%

Active share vs the S&P 500 99.5% 100.0%

In the Nasdaq-100 0.0% 0.0%

Holdings 50 48

Top ten, share of the fund 37.8% 59.0%

Expense ratio 0.39% 0.79%

Fee for the differing part 0.39% 0.79%

Total return, 1 year +3.1% −26.1%

vs its benchmark not measured not measured

Below its high −22.8% −57.8%

Net assets, FRNW as of Sep 30, 2026 and KGRN as of Nov 4, 2026 $91m $44m

As of Nov 4, 2026. Source: ETFIQ.

1% 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.

KGRN

By weight, 0% of KGRN'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 59% of the fund across 48 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −26.1% with distributions reinvested. It sits 57.8% below its all-time high of Feb 16, 2021.

Questions people ask

Do FRNW and KGRN hold the same stocks?: By their latest filings, 1% 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 KGRN?: FRNW has 10% of its weight in S&P 500 names and KGRN has 0%, so KGRN differs more from the index.
Which is cheaper, FRNW or KGRN?: FRNW charges 0.39% a year and KGRN charges 0.79%, so FRNW is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

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

Sources and dates

FRNW filings on SEC EDGAR ↗

FRNW prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

KGRN filings on SEC EDGAR ↗

KGRN prospectus with the expense ratio (SEC) ↗

KraneShares page for KGRN ↗

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.

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

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