FRNW vs TAN
Fidelity Clean Energy ETF against Invesco Solar ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
33%
19 shared positions
Fee gap
31 bp
FRNW is cheaper
1-year return gap
6.7 pts
FRNW is ahead
Larger fund
TAN
$845M
Side by side
| FRNW | TAN | |
|---|---|---|
| Fund | Fidelity Clean Energy ETF | Invesco Solar ETF |
| Issuer | Fidelity | Invesco |
| Category | Clean Energy & Climate | Clean Energy & Climate |
| Expense ratio | 0.39% | 0.70% |
| Assets | $84M | $845M |
| Average daily dollar volume | $551K | $41M |
| Listed | Oct 5, 2021 | Apr 15, 2008 |
| FrenzyCap score | 54 | 52 |
| 1-month return | −8.0% | −8.5% |
| 3-month return | −10.8% | −19.5% |
| Year to date | +0.5% | −13.4% |
| 1-year return | −3.2% | −9.9% |
| 30-day volatility | 23.0% | 31.4% |
| Worst drawdown, 1 year | −27.6% | −44.1% |
| Trailing 12-month yield | 1.20% | — |
| Holdings | 76 | 45 |
| Top 10 weight | 36.8% | 61.8% |
| Look-through P/E | — | 24.9 |
| Holdings vs fair value | — | +8.1% |
| Holdings above 200-day average | — | 2% |
| Net flow, latest 3 reported months | +$84M thru Jun 2026 | +$178M thru May 2026 |
| 30-day implied volatility | 71.9% | 41.7% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 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 · 70% of TAN| Holding | FRNW | TAN |
|---|---|---|
| FSLR | 4.01% | 9.39% |
| NXT | 3.55% | 10.73% |
| ENLT | 3.21% | 8.46% |
| ENPH | 2.32% | 7.35% |
| CWEN | 2.28% | 4.09% |
| SEDG | 1.80% | 4.04% |
| SHLS | 1.68% | 2.85% |
| SCATEC ASA | 1.66% | 1.93% |
| RUN | 1.61% | 3.86% |
| SOLARIA ENERGIA | 1.54% | 3.15% |
| XINYI SOLAR HOLDINGS LTD | 1.39% | 2.78% |
| RNW | 1.41% | 1.37% |
| SMA SOLAR TECHNOLOGY AG | 1.29% | 2.20% |
| GRENERGY RENOVABLES | 1.04% | 1.75% |
| FLAT GLASS GROUP CO LTD | 0.95% | 0.94% |
| ARRY | 0.93% | 1.34% |
| CSIQ | 0.89% | 1.27% |
| WEST HOLDINGS CORP | 0.88% | 1.12% |
| TE | 0.80% | 1.25% |
Sector mix of the stock holdings
| Sector | FRNW | TAN | Gap |
|---|---|---|---|
| Technology | 16.6% | 38.2% | −21.6% |
| Utilities | 6.1% | 13.9% | −7.8% |
| Industrials | 14.2% | 3.9% | +10.4% |
| Financials | 0.0% | 5.0% | −5.0% |
More: full overlap table · FRNW holdings · TAN 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.