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Data as of Nov 4, 2026.

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Thematic ETFs

FRNW vs VCLN: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FRNW returned +3.1% to VCLN's +3.8%; 36% 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 $5.5m on Jul 31, 2026 for Virtus Duff & Phelps Clean Energy ETF.

FRNW on its own →VCLN on its own →
At a glance
9.7%
FRNW in the S&P 500
15.4%
VCLN in the S&P 500
+3.1%
FRNW total return, 1 year
+3.8%
VCLN total return, 1 year
FRNW · 1 year to Nov 4, 2026 90% of its weight is outside the S&P 500
90% of its weight is outside the S&P 50010% of FRNW's weight is in S&P 500 companies and 90% is outside the index. Holdings as of Jun 30, 2026.10%90%inof its weight outside the S&P 500active share 100% · top ten 38% of the fund · 50 holdings as filed for Jun 30, 2026 · Nasdaq-100: 0% in90% of its weight is outside the S&P 50010% of FRNW's weight is in S&P 500 companies and 90% is outside the index. Holdings as of Jun 30, 2026.10%90%inof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

10% of FRNW's weight is in S&P 500 companies and 90% is outside the index. Holdings as of Jun 30, 2026.

VCLN · 1 year to Nov 4, 2026 85% of its weight is outside the S&P 500
85% of its weight is outside the S&P 50015% of VCLN's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jul 31, 2026.15%85%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 49% of the fund · 42 holdings as filed for Jul 31, 2026 · Nasdaq-100: 2% in85% of its weight is outside the S&P 50015% of VCLN's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jul 31, 2026.15%85%inof its weight outside the S&P 500active share 99% · Nasdaq-100: 2% in

15% of VCLN's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

FRNW costs 0.20 points a year less; their one-year returns differ by 0.7 points.

FRNW vs VCLN: Holdings Overlap & Returns
MeasureFRNWVCLN
Return
Total return, 1 year+3.1%+3.8%
Drawdown
Below its all-time high22.8%, high on Nov 1, 202126.3%, high on Jun 2, 2026
Benchmark
What it tracksClean energyClean energy
Cost and size
Expense ratio0.39%0.59%
Net assets, FRNW as of Sep 30, 2026 and VCLN as of Jul 31, 2026$91m$5.5m
Holdings
Holdings in common36%

Method

What they share

36%

By the books each fund has filed, FRNW and VCLN hold 36% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

36% in common

Positions both hold · largest shared weight first FRNW VCLN
BLOOM ENERGY CORP 4.51% 6.86%
FIRST SOLAR INC 3.68% 8.07%
VESTAS WIND SYSTEMS AS 4.73% 3.56%
NEXTPOWER INC 3.31% 5.97%
EDP S.A. 3.72% 3.19%
ORSTED A/S 2.92% 2.29%
ENPHASE ENERGY INC 2.12% 4.33%
CLEARWAY ENERGY INC 1.98% 3.67%
SOLAREDGE TECHNOLOGIES INC 1.81% 2.00%
ORMAT TECHNOLOGIES INC 2.23% 1.73%
EDP RENEWABLES SA 1.95% 1.55%
PLUG POWER INC 1.49% 2.47%
Only in one fund ↓
Only in FRNW
ENLIGHT RENEWABLE ENERGY LTD 3.15%
ACCIONA SA 2.96%
NORDEX SE 2.81%
VERBUND AG 2.32%
BROOKFIELD RENEWABLE CORP 2.31%
ITRON INC 2.27%
VINCI SA 2.22%
MERIDIAN ENERGY LTD 2.17%
Only in VCLN
CHINA YANGTZE POWER CO LTD 6.63%
IBERDROLA SA 4.00%
PRYSMIAN SPA 2.90%
INFINEON TECHNOLOGIES AG 2.70%
FORTUM OYJ 2.44%
MAIRE SPA 2.42%
CERES POWER HOLDINGS PLC 2.37%
SPIE SA 2.23%
Check overlap with more funds →

Window by window

Window by window: FRNW vs VCLN: Holdings Overlap & Returns
Total return
WindowFRNWVCLN
3 months−4.5%−6.1%
6 months−16.2%−19.8%
1 year+3.1%+3.8%
3 years+49.5%+68.3%
Since launchNot the same days: FRNW Oct 2021 · VCLN Aug 2021−10.7%+8.8%

Open this comparison in the app →

Side by side

FRNW Fidelity Clean Energy ETF · Holds 50 stocks in clean energy, 10% of its weight in S&P 500 companies VCLN Virtus Duff & Phelps Clean Energy ETF · Holds 42 stocks in clean energy, 15% of its weight in S&P 500 companies
Issuer Fidelity Virtus
Theme Clean energy Clean energy
In the S&P 500 9.7% 15.4%
Active share vs the S&P 500 99.5% 98.9%
In the Nasdaq-100 0.0% 1.9%
Holdings 50 42
Top ten, share of the fund 37.8% 49.2%
Expense ratio 0.39% 0.59%
Fee for the differing part 0.39% 0.60%
Total return, 1 year +3.1% +3.8%
vs its benchmark not measured not measured
Below its high −22.8% −26.3%
Net assets, FRNW as of Sep 30, 2026 and VCLN as of Jul 31, 2026 $91m $5.5m

As of Nov 4, 2026. Source: ETFIQ.

36% of the two portfolios are the same securities at the same weight.

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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.

VCLN

By weight, 15% of VCLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 49% of the fund across 42 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +3.8% with distributions reinvested. It sits 26.3% below its all-time high of Jun 2, 2026.

Questions people ask

Do FRNW and VCLN hold the same stocks?
By their latest filings, 36% 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 VCLN?
FRNW has 10% of its weight in S&P 500 names and VCLN has 15%, so FRNW differs more from the index.
Which is cheaper, FRNW or VCLN?
FRNW charges 0.39% a year and VCLN charges 0.59%, so FRNW is cheaper. Fees come from each fund's prospectus.
Other comparisons
FRNW vs RNRGFRNW vs CTECFRNW vs TANFRNW vs KGRNVCLN vs HYDRVCLN vs ACESVCLN vs ICLNVCLN vs PBD
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FRNW on its own →VCLN on its own →FRNW dividend history →FRNW holdings →VCLN dividend history →VCLN holdings →Method →Standards and sources →
Sources and dates
FRNW filings on SEC EDGAR ↗
FRNW prospectus with the expense ratio (SEC) ↗
Fidelity website ↗
VCLN filings on SEC EDGAR ↗
VCLN prospectus with the expense ratio (SEC) ↗
Virtus 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 VCLN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/frnw-vs-vcln

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