FRNW vs APPX
Comparison between FIDELITY CLEAN ENERGY ETF (FRNW, ETF) and TRADR 2X LONG APP DAILY ETF (APPX, ETF).
FRNW vs APPX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FRNW
$141M
APPX
$140M
Expense Ratio
FRNW
0.39%
APPX
N/A
Max Drawdown
Winner
FRNW
60.67%
APPX
83.70%
Sharpe Ratio
Winner
FRNW
2.09
APPX
0.67
5Y Beta
Winner
FRNW
0.85
APPX
4.51
P/E Ratio
FRNW
-3.77
APPX
N/A
Forward P/E
FRNW
21.48
APPX
N/A
PEG Ratio
FRNW
-0.00
APPX
N/A
Debt to Equity
FRNW
-146.48%
APPX
N/A
P/S Ratio
FRNW
0.82
APPX
N/A
P/B Ratio
FRNW
4.82
APPX
N/A
FRNW vs APPX - Historical Returns
Returns include dividend reinvestment.
1M
FRNW
-1.12%
Winner
APPX
+29.12%
3M
Winner
FRNW
+15.36%
APPX
+5.05%
6M
Winner
FRNW
+23.94%
APPX
-57.10%
1Y
Winner
FRNW
+73.01%
APPX
-6.10%
5Y(CAGR)
FRNW
+1.04%
APPX
N/A
Max(CAGR)
FRNW
+1.04%
Winner
APPX
+85.06%
FRNW vs APPX - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | FRNW | APPX |
|---|---|---|
| 2026 | +20.31% | -44.94% |
| 2025 | +48.65% | +330.87% |
| 2024 | -19.59% | N/A |
| 2023 | -19.15% | N/A |
| 2022 | -12.49% | N/A |
| 2021 | -2.85% | N/A |
FRNW vs APPX Drawdown Comparison
The maximum drawdown for FRNW was -59.37%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The maximum drawdown for APPX was -82.35%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current FRNW drawdown is -9.27%. The current APPX drawdown is -64.13%.
| Rank | FRNW | APPX |
|---|---|---|
| #1 | -59.37% Nov 1, 2021 - Apr 8, 2025 | -82.35% Sep 30, 2025 - Mar 30, 2026 |
| #2 | -1.71% Oct 7, 2021 - Oct 12, 2021 | -40.63% Jun 6, 2025 - Aug 8, 2025 |
| #3 | -1.39% Oct 21, 2021 - Oct 25, 2021 | -22.62% Aug 11, 2025 - Aug 28, 2025 |
| #4 | -0.52% Oct 25, 2021 - Oct 27, 2021 | -13.20% Apr 29, 2025 - May 2, 2025 |
| #5 | -0.26% Oct 28, 2021 - Nov 1, 2021 | -13.11% May 14, 2025 - May 27, 2025 |
| #6 | -0.19% Oct 15, 2021 - Oct 19, 2021 | -6.20% May 8, 2025 - May 12, 2025 |
| #7 | N/A | -4.24% Sep 4, 2025 - Sep 8, 2025 |
| #8 | N/A | -3.41% May 2, 2025 - May 8, 2025 |
| #9 | N/A | -3.40% Sep 23, 2025 - Sep 26, 2025 |
| #10 | N/A | -3.06% May 28, 2025 - May 30, 2025 |
| #11 | N/A | -2.35% Aug 28, 2025 - Sep 3, 2025 |
| #12 | N/A | -2.04% Sep 19, 2025 - Sep 23, 2025 |
| #13 | N/A | -1.34% Jun 2, 2025 - Jun 4, 2025 |
| #14 | N/A | -0.76% Jun 4, 2025 - Jun 6, 2025 |
Correlation
Correlation between FRNW and APPX is 0.06 which considered as a very weak or no correlation - the stocks move independently of each other.
0.06
-101
Dividend Comparison (2021 - 2026)
FRNW vs APPX dividend yield comparison.
| Year | FRNW | APPX |
|---|---|---|
| 2026 | 0.06% | 0.00% |
| 2025 | 1.25% | 9.38% |
| 2024 | 1.43% | 0.00% |
| 2023 | 1.30% | 0.00% |
| 2022 | 0.69% | 0.00% |
| 2021 | 0.04% | 0.00% |
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