FRNW vs ICLN
Fidelity Clean Energy ETF against iShares Global Clean Energy ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
26%
18 shared positions
Fee gap
1 bp
ICLN is cheaper
1-year return gap
5.9 pts
ICLN is ahead
Larger fund
ICLN
$2.2B
Side by side
| FRNW | ICLN | |
|---|---|---|
| Fund | Fidelity Clean Energy ETF | iShares Global Clean Energy ETF |
| Issuer | Fidelity | iShares |
| Category | Clean Energy & Climate | Clean Energy & Climate |
| Expense ratio | 0.39% | 0.38% |
| Assets | $90M | $2.2B |
| Average daily dollar volume | $598K | $118M |
| Listed | Oct 5, 2021 | Jun 24, 2008 |
| FrenzyCap score | 56 | 82 |
| 1-month return | −5.1% | −3.0% |
| 3-month return | −7.5% | −7.2% |
| Year to date | +3.6% | +5.2% |
| 1-year return | +2.0% | +7.9% |
| 30-day volatility | 23.6% | 24.3% |
| Worst drawdown, 1 year | −25.0% | −29.2% |
| Trailing 12-month yield | 1.16% | 1.07% |
| Holdings | 53 | 142 |
| Top 10 weight | 37.8% | 51.8% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$84M thru Jun 2026 | +$258M thru Jul 2026 |
| 30-day implied volatility | 72.3% | 37.4% |
| Holdings as of | as of Jun 30, 2026SEC filing | as of Oct 8, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
33% of FRNW · 41% of ICLN| Holding | FRNW | ICLN |
|---|---|---|
| BE | 4.51% | 9.51% |
| FSLR | 3.68% | 7.07% |
| NXT | 3.31% | 6.89% |
| ENPH | 2.12% | 4.16% |
| CWEN | 1.98% | 1.87% |
| SEDG | 1.81% | 1.90% |
| PLUG | 1.49% | 2.32% |
| SHLS | 1.35% | 1.37% |
| CHINA LONGYUAN POWER GROUP CORP LTD | 1.49% | 1.23% |
| CS WIND CORP | 1.09% | 0.96% |
| GOLDWIND SCIENCE and TECHNOLOGY CO LTD | 1.45% | 0.79% |
| TE | 1.47% | 0.69% |
| ARRY | 1.22% | 0.56% |
| CSIQ | 1.05% | 0.49% |
| BEPC | 2.31% | 0.47% |
| JKS | 0.88% | 0.26% |
| RENOVA INC | 0.84% | 0.24% |
| CHINA DATANG CORPORATION RENEWABLE POWER CO LTD | 0.77% | 0.11% |
Sector mix of the stock holdings
| Sector | FRNW | ICLN | Gap |
|---|---|---|---|
| Technology | 19.1% | 23.4% | −4.2% |
| Industrials | 15.0% | 11.8% | +3.1% |
| Utilities | 6.5% | 4.4% | +2.1% |
| Materials | 0.0% | 1.4% | −1.4% |
More: full overlap table · FRNW holdings · ICLN holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.