Fidelity Clean Energy ETF (FRNW)
About this ETF
Fidelity Covington Trust - Fidelity Clean Energy ETF is an exchange traded fund launched and managed by Fidelity Management & Research Company LLC. The fund is co-managed by Geode Capital Management, LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across utilities, independent power and renewable electric producers, renewable electricity, electric power by solar energy, electric power by wind energy, hydrogen and other renewable sources sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the Fidelity Clean Energy…
Price
Top 10 holdings
| SECURITIES LENDING CF | 6.78% |
| GE VERNOVA INC GEV | 5.75% |
| VESTAS WIND SYSTEMS AS VWS.CO | 4.84% |
| BLOOM ENERGY CORP CL A BE | 4.02% |
| EDP S.A. EDP.LS | 3.79% |
| FIRST SOLAR INC FSLR | 3.74% |
| NEXTPOWER INC NXT | 3.29% |
| ORSTED A/S ORSTED.CO | 3.09% |
| ENLIGHT RENEWABLE ENERGY LTD ENLT.TA | 3.05% |
| ACCIONA SA ANA.MC | 2.80% |
Sector mix
Price chart
Returns
| 1 month | -4.49% |
| 3 months | -4.85% |
| 6 months | +7.87% |
| Year to date | +11.96% |
| 1 year | +35.92% |
| 3 years (ann.) | +4.41% |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 27.16% |
| Sharpe (1y) | 1.27 |
| Sharpe (3y) | 0.29 |
| Sortino (1y) | 2.04 |
| Max drawdown (1y) | -18.05% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -60.67% |
| Beta vs S&P 500 (1y) | 1.44 |
| Correlation vs S&P 500 (1y) | 0.67 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 6,948 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-18 | 2026-06-23 | USD 0.1390 |
| 2026-03-20 | 2026-03-24 | USD 0.0150 |
| 2025-12-19 | 2025-12-23 | USD 0.0410 |
| 2025-09-19 | 2025-09-23 | USD 0.0810 |
| 2025-06-20 | 2025-06-24 | USD 0.1180 |
| 2025-03-21 | 2025-03-25 | USD 0.0140 |
| 2024-12-20 | 2024-12-24 | USD 0.0160 |
| 2024-09-20 | 2024-09-24 | USD 0.0640 |
| 2024-06-21 | 2024-06-25 | USD 0.0980 |
| 2024-03-15 | 2024-03-20 | USD 0.0150 |
| 2023-12-15 | 2023-12-20 | USD 0.0300 |
| 2023-09-15 | 2023-09-20 | USD 0.0700 |
| 2023-06-16 | 2023-06-22 | USD 0.0990 |
| 2023-03-17 | 2023-03-22 | USD 0.0260 |
| 2022-12-16 | 2022-12-21 | USD 0.0130 |
| 2022-09-16 | 2022-09-21 | USD 0.0320 |
| 2022-06-17 | 2022-06-23 | USD 0.0890 |
| 2022-03-18 | 2022-03-23 | USD 0.0160 |
| 2021-12-17 | 2021-12-22 | USD 0.0100 |
ESG profile
Benchmark: average of 4,066 funds of the same asset class with derived ESG data.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 1.05% | +19.93% | 1.48 |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 1.07% | +19.68% | 1.49 |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 1.09% | +19.68% | 1.49 |
| State Street SPDR S&P 500 ETF SPY | 0.09% | 789.23B | 1.00% | +19.71% | 1.49 |
| SPDR S&P 500 ETF Trust 1557.T | 0.09% | 789.09B | 0.49% | +37.54% | 2.26 |
| State Street SPDR S&P 500 ETF SPY.AX | 0.09% | 788.13B | 1.00% | +11.84% | 1.13 |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 2.61% | +20.58% | 1.21 |
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 0.43% | +28.14% | 1.43 |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.39% | +16.85% | 0.99 |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 2.60% | +21.64% | 1.23 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Small-Cap ETF VB | 0.03% | 182.70B | 1.4% |
| iShares Russell 1000 Growth ETF IWF | 0.18% | 128.11B | 1.1% |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.9% |
| iShares Core MSCI EAFE ETF IEFA | 0.07% | 187.22B | 0.9% |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 0.7% |

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