# FRNW (Fidelity Clean Energy ETF)

Fidelity · Thematic ETFs · data as of Sep 11, 2026

FRNW holds 50 stocks, and 90% of its weight is outside the S&P 500.

## Key facts

- FRNW, already in the S&P 500: 9.7%, as of Sep 11, 2026.
- FRNW, active share vs the S&P 500: 99.5%, as of Sep 11, 2026.
- FRNW, top ten holdings: 37.9%, as of Sep 11, 2026.
- FRNW, total return, 1 year: +22.1%, as of Sep 11, 2026.
- FRNW, net assets: $97m (the issuer own figure for this ETF, month end, as of Aug 31, 2026).
- FRNW, expense ratio: 0.39% (485BPOS XBRL, Oct 27, 2025).

## FRNW over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −10.3% | +3.3% | −13.7 pts | −9.6 pts |
| 6 months | −0.7% | +16.0% | −16.7 pts | −21.4 pts |
| 1 year | +22.1% | +17.5% | +4.7 pts | −0.8 pts |
| 3 years | +34.9% | +77.9% | −43.0 pts | −60.2 pts |
| Since launch | −7.8% | +85.8% | −93.6 pts | −110.5 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Clean energy | ETFIQ, editorial |
| Launched | Oct 7, 2021 | ETFIQ |
| Already in the S&P 500, by weight | 9.7% | ETFIQ |
| Active share vs the S&P 500 | 99.5% | ETFIQ |
| Already in the Nasdaq-100, by weight | 0.0% | ETFIQ |
| Active share vs the Nasdaq-100 | 100.0% | ETFIQ |
| Top ten holdings weight | 37.9% | ETFIQ |
| Holdings | 50 | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |
| Top holdings | GE VERNOVA INC 6.0%, VESTAS WIND SYSTEMS AS 4.7%, BLOOM ENERGY CORP 4.5%, EDP S.A. 3.7%, FIRST SOLAR INC 3.7%, NEXTPOWER INC 3.3%, ENLIGHT RENEWABLE ENERGY LTD 3.2%, ACCIONA SA 3.0%, ORSTED A/S 2.9%, NORDEX SE 2.8% | ETFIQ |
| Net assets | $97m | the issuer own figure for this ETF, month end, as of Aug 31, 2026 |
| Below its all-time high | −20.3% | ETFIQ |
| Expense ratio | 0.39% | 485BPOS XBRL, Oct 27, 2025 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.39% | ETFIQ |
| Closest funds by holdings overlap | VCLN 36%, TAN 32%, CNRG 32%, ICLN 31%, ACES 28% | ETFIQ |

## Questions

### How much of FRNW is in S&P 500 companies?

By its holdings filed for Jun 30, 2026, 10% of FRNW by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.

### What does FRNW hold?

50 positions as filed for Jun 30, 2026, with the top ten at 38% of the fund. The largest are GE VERNOVA INC at 6.0%, VESTAS WIND SYSTEMS AS at 4.7%, BLOOM ENERGY CORP at 4.5%.

### Has FRNW beaten the S&P 500?

Over the year to Sep 11, 2026 FRNW returned +22.1% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 4.7 points.

### What does FRNW cost?

The prospectus expense ratio is 0.39% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.39%.


## Cite this page

ETFIQ, FRNW, data as of Sep 11, 2026. https://etfiq.com/funds/frnw
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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