Do FRNW and SMOG hold the same stocks?

By their latest filings, 19% 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 SMOG?

FRNW has 10% of its weight in S&P 500 names and SMOG has 20%, so FRNW differs more from the index.

Which is cheaper, FRNW or SMOG?

FRNW charges 0.39% a year and SMOG charges 0.64%, so FRNW is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FRNW vs SMOG: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FRNW returned +3.1% to SMOG's +2.7%; 19% 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 $126m on Nov 3, 2026 for VanEck Low Carbon Energy ETF.

FRNW on its own →SMOG on its own →

At a glance

9.7%

FRNW in the S&P 500

20.0%

SMOG in the S&P 500

+3.1%

FRNW total return, 1 year

+2.7%

SMOG 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.

SMOG · 1 year to Nov 4, 2026 80% of its weight is outside the S&P 500

20% of SMOG's weight is in S&P 500 companies and 80% is outside the index. Holdings as of Nov 2, 2026.

Pair scorecard

FRNW costs 0.25 points a year less; their one-year returns differ by 0.4 points.

Points (pts) are percentage points.

FRNW vs SMOG: Holdings Overlap & Returns
Measure	FRNW	SMOG
Return
Measure	FRNW	SMOG
Total return, 1 year	+3.1%	+2.7%
Drawdown
Measure	FRNW	SMOG
Below its all-time high	22.8%, high on Nov 1, 2021	24.9%, high on Jan 22, 2021
Against its benchmark
Measure	FRNW	SMOG
What it tracks	Clean energy	Clean energy
Its benchmark, total return, 1 year		+15.0%
Against its benchmark, 1 year		behind by 12.3 pts
Cost and size
Measure	FRNW	SMOG
Expense ratio	0.39%	0.64%
Net assets, FRNW as of Sep 30, 2026 and SMOG as of Nov 3, 2026	$91m	$126m
Holdings
Measure	FRNW	SMOG
Holdings in common	19%

Method

What they share

19%

By the books each fund has filed, FRNW and SMOG hold 19% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

19% in common

Positions both hold · largest shared weight first FRNW SMOG

BLOOM ENERGY CORP 4.51% 5.10%

FIRST SOLAR INC 3.68% 2.90%

NEXTPOWER INC 3.31% 1.87%

ACCIONA SA 2.96% 1.19%

NORDEX SE 2.81% 1.15%

ENLIGHT RENEWABLE ENERGY LTD 3.15% 1.10%

ORMAT TECHNOLOGIES INC 2.23% 0.91%

MERIDIAN ENERGY LTD 2.17% 0.84%

NORTHLAND POWER INC 2.12% 0.81%

BROOKFIELD RENEWABLE CORP 2.31% 0.79%

ENPHASE ENERGY INC 2.12% 0.60%

MERCURY NZ LTD 1.84% 0.54%

Only in one fund ↓

Only in FRNW

GE VERNOVA INC 5.99%

VESTAS WIND SYSTEMS AS 4.73%

EDP S.A. 3.72%

ORSTED A/S 2.92%

ITRON INC 2.27%

VINCI SA 2.22%

E.ON SE 2.14%

CLEARWAY ENERGY INC 1.98%

Only in SMOG

Tesla Inc 9.28%

Iberdrola Sa 9.10%

Nextera Energy Inc 7.64%

Enel Spa 6.99%

Byd Co Ltd 5.17%

Vestas Wind Systems A/S 4.72%

Samsung Sdi Co Ltd 4.13%

Kingspan Group Plc 2.99%

Check overlap with more funds →

Window by window

Window by window: FRNW vs SMOG: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FRNW	SMOG	FRNW	SMOG
3 months	−4.5%	−2.8%	not measured	−1.5 pts vs ACWI
6 months	−16.2%	−13.7%	not measured	−16.3 pts vs ACWI
1 year	+3.1%	+2.7%	not measured	−12.3 pts vs ACWI
3 years	+49.5%	+40.4%	not measured	−37.2 pts vs ACWI
Since launchNot the same days: FRNW Oct 2021 · SMOG May 2007	−10.7%	+35.1%	not measured	not measured

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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 SMOG VanEck Low Carbon Energy ETF · Holds 55 stocks in clean energy, 20% of its weight in S&P 500 companies

Issuer Fidelity VanEck

Theme Clean energy Clean energy

In the S&P 500 9.7% 20.0%

Active share vs the S&P 500 99.5% 97.8%

In the Nasdaq-100 0.0% 9.4%

Holdings 50 55

Top ten, share of the fund 37.8% 58.2%

Expense ratio 0.39% 0.64%

Fee for the differing part 0.39% 0.65%

Total return, 1 year +3.1% +2.7%

vs its benchmark not measured −12.3 pts vs ACWI

Below its high −22.8% −24.9%

Net assets, FRNW as of Sep 30, 2026 and SMOG as of Nov 3, 2026 $91m $126m

As of Nov 4, 2026. Source: ETFIQ.

19% 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.

SMOG

By weight, 20% of SMOG's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 58% of the fund across 55 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +2.7% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 12.3 pts. It sits 24.9% below its all-time high of Jan 22, 2021.

Questions people ask

Do FRNW and SMOG hold the same stocks?: By their latest filings, 19% 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 SMOG?: FRNW has 10% of its weight in S&P 500 names and SMOG has 20%, so FRNW differs more from the index.
Which is cheaper, FRNW or SMOG?: FRNW charges 0.39% a year and SMOG charges 0.64%, so FRNW is cheaper. Fees come from each fund's prospectus.

Other comparisons

FRNW vs CNRG FRNW vs QCLN FRNW vs RNRG FRNW vs TAN SMOG vs VCLN SMOG vs HYDR SMOG vs ACES SMOG 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 →SMOG on its own →FRNW dividend history →FRNW holdings →SMOG dividend history →SMOG holdings →Method →Standards and sources →

Sources and dates

FRNW filings on SEC EDGAR ↗

FRNW prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

SMOG filings on SEC EDGAR ↗

SMOG prospectus with the expense ratio (SEC) ↗

VanEck website ↗

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

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