Data as of .
FRNW vs RNRG: which is really different?
FRNW and RNRG hold 25% of their weight in the same names, and FRNW returned more over the year.
ETFIQ Off-Index Score: RNRG 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
25% 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 RNRG hold 25% of their money in the same securities at the same weight.
| Holding | FRNW | RNRG |
|---|---|---|
| ENLIGHT RENEWABLE ENERGY LTD | 3.16% | 5.32% |
| ORSTED A/S | 2.93% | 5.94% |
| VERBUND AG | 2.33% | 6.78% |
| ORMAT TECHNOLOGIES INC | 2.23% | 4.42% |
| MERIDIAN ENERGY LTD | 2.18% | 4.68% |
| NORTHLAND POWER INC | 2.13% | 3.03% |
| EDP RENEWABLES SA | 1.96% | 5.88% |
| MERCURY NZ LTD | 1.84% | 4.21% |
| ERG SPA | 1.51% | 2.89% |
| SUNRUN INC | 1.88% | 1.50% |
| VERBIO SE | 0.90% | 1.65% |
| WEST HOLDINGS CORP | 0.87% | 0.48% |
| Only in FRNW | Only in RNRG |
|---|---|
| GE VERNOVA INC 6.01% | AXIA ENERGIA SA 6.68% |
| VESTAS WIND SYSTEMS AS 4.74% | BARITO RENEWABLES ENERGY TBK 5.72% |
| BLOOM ENERGY CORP 4.53% | ENGIE BRASIL ENERGIA SA 4.83% |
| EDP S.A. 3.74% | BROOKFIELD RENEWABLE PARTNER 4.37% |
| FIRST SOLAR INC 3.69% | CONTACT ENERGY LTD 3.92% |
| NEXTPOWER INC 3.32% | CHINA POWER INTERNATIONAL 3.05% |
| ACCIONA SA 2.97% | ENERGIX-RENEWABLE ENERGIES 2.87% |
| NORDEX SE 2.82% | CLEARWAY ENERGY INC-C 2.76% |
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 | RNRG | FRNW | RNRG | FRNW | RNRG | |
| 3 months | −12.0% | −6.8% | −14.3 pts | −9.1 pts | −9.6 pts | −4.3 pts |
| 6 months | −2.2% | −5.5% | −20.2 pts | −23.5 pts | −26.4 pts | −29.7 pts |
| 1 year | +16.4% | +9.7% | −0.2 pts | −6.9 pts | −5.4 pts | −12.1 pts |
| 3 years | +33.7% | +8.1% | −44.7 pts | −70.3 pts | −64.5 pts | −90.1 pts |
| Since launch | −9.4% | −0.4% | −95.1 pts | −334.0 pts | −114.0 pts | −609.3 pts |
| 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 43 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 | 43 |
| Top ten, share of the fund | 37.9% | 54.6% |
| Expense ratio | 0.39% | 0.65% |
| Fee for the differing part | 0.39% | 0.65% |
| Total return, 1 year | +16.4% | +9.7% |
| vs the S&P 500 | −0.2 pts | −6.9 pts |
| vs the Nasdaq-100 | −5.4 pts | −12.1 pts |
| Below its high | −21.7% | −40.1% |
| Net assets | $97m | $24m |
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.
RNRG in plain words
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 55% of the fund across 43 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +9.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 6.9 pts. It sits 40.1% below its all-time high of Jan 7, 2021.
Questions people ask
- Do FRNW and RNRG hold the same stocks?
- By their latest filings, 25% of their books are the same securities at the same weight, which is a meaningful overlap. 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
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 RNRG, data as of Sep 18, 2026. https://etfiq.com/compare/themes/frnw-vs-rnrg Free to use with attribution; the underlying files are at Open data.