Do FRNW and RNRG hold the same stocks?

By their latest filings, 28% 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 RNRG?

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

Which is cheaper, FRNW or RNRG?

FRNW charges 0.39% a year and RNRG charges 0.65%, so FRNW is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FRNW vs RNRG: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FRNW returned +3.1% to RNRG's −4.3%; 28% 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 $23m on Oct 12, 2026 for Global X Renewable Energy Producers ETF.

FRNW on its own →RNRG on its own →

At a glance

9.7%

FRNW in the S&P 500

0.0%

RNRG in the S&P 500

+3.1%

FRNW total return, 1 year

−4.3%

RNRG 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.

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

0% of RNRG's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

FRNW costs 0.26 points a year less; their one-year returns differ by 7.4 points.

Points (pts) are percentage points.

FRNW vs RNRG: Holdings Overlap & Returns
Measure	FRNW	RNRG
Return
Measure	FRNW	RNRG
Total return, 1 year	+3.1%	−4.3%
Drawdown
Measure	FRNW	RNRG
Below its all-time high	22.8%, high on Nov 1, 2021	43.7%, high on Jan 7, 2021
Against its benchmark
Measure	FRNW	RNRG
What it tracks	Clean energy	Clean energy
Its benchmark, total return, 1 year		+15.0%
Against its benchmark, 1 year		behind by 19.3 pts
Cost and size
Measure	FRNW	RNRG
Expense ratio	0.39%	0.65%
Net assets, FRNW as of Sep 30, 2026 and RNRG as of Oct 12, 2026	$91m	$23m
Holdings
Measure	FRNW	RNRG
Holdings in common	28%

Method

Risk and return

Oct 15, 2021 to Oct 30, 2026 · 263 weekly returns

FRNW RNRG

Return

Total return edge FRNW −21.8% −34.3%

Annualized edge FRNW −4.7% −8.0%

Price return edge FRNW −26.0% −38.4%

Risk

Volatility edge RNRG 26.5% 18.3%

Max drawdown edge RNRG −56.6% −49.5%

Risk-adjusted

Sharpe edge FRNW −0.20 −0.57

Sortino edge FRNW −0.28 −0.78

Calmar edge FRNW −0.08 −0.16

Reading

From Oct 2021 to Oct 2026, FRNW returned more: −21.8% to −34.3%. RNRG swung less: 18.3% to 26.5%. RNRG fell less at its worst: −49.5% to −56.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FRNW vs RNRG: Holdings Overlap & Returns
Measure	FRNW	RNRG	Edge	How it is measured
Return
Total return	−21.8%	−34.3%	FRNW	Price change plus distributions, reinvested.
Annualized	−4.7%	−8.0%	FRNW	Total return as a yearly rate.
Price return	−26.0%	−38.4%	FRNW	Price change alone, distributions left out.
Risk
Volatility	26.5%	18.3%	RNRG	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	18.7%	13.5%	RNRG	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−56.6%	−49.5%	RNRG	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.20	−0.57	FRNW	Return above Treasury bills per unit of volatility.
Sortino	−0.28	−0.78	FRNW	Return above Treasury bills per unit of downside deviation.
Calmar	−0.08	−0.16	FRNW	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 263 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

28%

By the books each fund has filed, FRNW and RNRG hold 28% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

28% in common

Positions both hold · largest shared weight first FRNW RNRG

ENLIGHT RENEWABLE ENERGY LTD 3.15% 5.74%

VERBUND AG 2.32% 6.26%

ORMAT TECHNOLOGIES INC 2.23% 4.24%

MERIDIAN ENERGY LTD 2.17% 4.69%

NORTHLAND POWER INC 2.12% 2.88%

CLEARWAY ENERGY INC 1.98% 2.72%

MERCURY NZ LTD 1.84% 3.98%

BORALEX INC 1.76% 1.92%

SUNRUN INC 1.87% 1.66%

SOLARIA ENERGIA Y MEDIO AMBIENTE SA 1.53% 1.82%

CHINA LONGYUAN POWER GROUP CORP LTD 1.49% 1.73%

GRENERGY RENOVABLES SA 1.34% 2.15%

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%

ACCIONA SA 2.96%

ORSTED A/S 2.92%

Only in RNRG

AXIA Energia S.A. 6.38%

Oersted A/S 6.07%

EDP RENEWABLES SOCIEDAD ANONIMA 5.99%

PT Barito Renewables Energy Tbk 5.69%

Brookfield Renewable Partners L.P. 4.61%

ENGIE Brasil Energia S.A. 4.61%

CONTACT ENERGY LIMITED 4.06%

ENERGIX - RENEWABLE ENERGIES LTD 2.98%

Check overlap with more funds →

Window by window

Window by window: FRNW vs RNRG: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FRNW	RNRG	FRNW	RNRG
3 months	−4.5%	−7.4%	not measured	−6.1 pts vs ACWI
6 months	−16.2%	−19.6%	not measured	−22.2 pts vs ACWI
1 year	+3.1%	−4.3%	not measured	−19.3 pts vs ACWI
3 years	+49.5%	+9.9%	not measured	−67.7 pts vs ACWI
Since launchNot the same days: FRNW Oct 2021 · RNRG May 2015	−10.7%	−6.4%	not measured	−224.5 pts vs ACWI

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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 RNRG Global X Renewable Energy Producers ETF · Holds 39 stocks in clean energy, 0% of its weight in S&P 500 companies

Issuer Fidelity Global X

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 39

Top ten, share of the fund 37.8% 54.3%

Expense ratio 0.39% 0.65%

Fee for the differing part 0.39% 0.65%

Total return, 1 year +3.1% −4.3%

vs its benchmark not measured −19.3 pts vs ACWI

Below its high −22.8% −43.7%

Net assets, FRNW as of Sep 30, 2026 and RNRG as of Oct 12, 2026 $91m $23m

As of Nov 4, 2026. Source: ETFIQ.

28% of the two portfolios are the same securities at the same weight.

Client brief:

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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.

RNRG

By weight, 0% of RNRG'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 54% of the fund across 39 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned −4.3% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 19.3 pts. It sits 43.7% below its all-time high of Jan 7, 2021.

Questions people ask

Do FRNW and RNRG hold the same stocks?: By their latest filings, 28% 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 RNRG?: FRNW has 10% of its weight in S&P 500 names and RNRG has 0%, so RNRG differs more from the index.
Which is cheaper, FRNW or RNRG?: FRNW charges 0.39% a year and RNRG charges 0.65%, so FRNW is cheaper. Fees come from each fund's prospectus.

Other comparisons

FRNW vs CTEC FRNW vs KGRN FRNW vs CCSO FRNW vs HYDR RNRG vs SMOG RNRG vs TAN RNRG vs VCLN RNRG vs ICLN

Where to next

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

Sources and dates

FRNW filings on SEC EDGAR ↗

FRNW prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

RNRG filings on SEC EDGAR ↗

RNRG prospectus with the expense ratio (SEC) ↗

Global X page for RNRG ↗

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 RNRG, data as of Nov 4, 2026. https://etfiq.com/compare/themes/frnw-vs-rnrg

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