FRNW vs DEW
Comparison between FIDELITY CLEAN ENERGY ETF (FRNW, ETF) and WISDOMTREE GLOBAL HIGH DIVIDEND FUND (DEW, ETF).
5-Year PerformanceDEW has outperformed FRNW, delivering a return of +10.7% compared to +1.0%
FRNW vs DEW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FRNW
$141M
Winner
DEW
$141M
Expense Ratio
Winner
FRNW
0.39%
DEW
0.58%
Max Drawdown
Winner
FRNW
60.67%
DEW
69.18%
Sharpe Ratio
Winner
FRNW
2.09
DEW
2.08
5Y Beta
FRNW
0.85
Winner
DEW
0.50
P/E Ratio
Winner
FRNW
-3.77
DEW
21.63
Forward P/E
FRNW
21.48
Winner
DEW
14.42
PEG Ratio
FRNW
-0.00
DEW
N/A
5Y Dividends CAGR
FRNW
N/A
DEW
8.69%
Debt to Equity
Winner
FRNW
-146.48%
DEW
5.22%
P/S Ratio
Winner
FRNW
0.82
DEW
2.03
P/B Ratio
FRNW
4.82
Winner
DEW
2.24
FRNW vs DEW - Holdings Comparison
FRNW and DEW have 3 common holdings. Overlap is 0.08%
FRNW's top 25 holdings weight is 76.74%. DEW's top 25 holdings weight is 26.60%.
| Rank | FRNW | DEW |
|---|---|---|
| #1 | n/a (n/a) - 10.13% | EXXON MOBIL CORP (XOM) - 2.60% |
| #2 | FIRST SOLAR INC (FSLR) - 4.71% | CHEVRON CORP (CVX) - 1.96% |
| #3 | BLOOM ENERGY CORP CLASS A (BE) - 4.65% | JOHNSON & JOHNSON (JNJ) - 1.80% |
| #4 | GE VERNOVA INC (GEV) - 4.51% | HSBC HOLDINGS PLC (n/a) - 1.42% |
| #5 | VESTAS WIND SYSTEMS AS (n/a) - 4.35% | ALTRIA GROUP INC (MO) - 1.42% |
| #6 | NEXTPOWER INC CLASS A (NXT) - 3.78% | PHILIP MORRIS INTERNATIONAL INC (PM) - 1.33% |
| #7 | ENLIGHT RENEWABLE ENERGY LTD (n/a) - 3.37% | MERCK & CO INC (MRK) - 1.29% |
| #8 | ENPHASE ENERGY INC (ENPH) - 3.22% | TEXAS INSTRUMENTS INC (TXN) - 1.25% |
| #9 | EDP-ENERGIAS DE PORTUGAL SA (n/a) - 3.07% | ABBVIE INC (ABBV) - 1.24% |
| #10 | ORSTED AS (n/a) - 3.02% | NESTLE SA (n/a) - 1.07% |
| #11 | SOLAREDGE TECHNOLOGIES INC (SEDG) - 2.80% | INTESA SANPAOLO (n/a) - 1.03% |
| #12 | ORMAT TECHNOLOGIES INC (ORA) - 2.76% | PEPSICO INC (PEP) - 1.01% |
| #13 | ACCIONA SA (n/a) - 2.47% | SHELL PLC (n/a) - 1.00% |
| #14 | DOOSAN FUEL CELL ORDINARY SHARES (n/a) - 2.35% | THE TORONTO-DOMINION BANK (TD) - 0.96% |
| #15 | PLUG POWER INC (PLUG) - 2.15% | AT&T INC (T) - 0.94% |
| #16 | NORDEX SE AKT. NACH KAPITALHERABSETZUNG (n/a) - 2.11% | GILEAD SCIENCES INC (GILD) - 0.92% |
| #17 | VERBUND AG CLASS A (n/a) - 2.02% | BRITISH AMERICAN TOBACCO PLC (n/a) - 0.90% |
| #18 | CLEARWAY ENERGY INC CLASS C (CWEN) - 1.97% | BRISTOL-MYERS SQUIBB CO (BMY) - 0.86% |
| #19 | n/a (SHLS) - 1.95% | BHP GROUP LTD (n/a) - 0.84% |
| #20 | n/a (BEPC) - 1.94% | BANCO BILBAO VIZCAYA ARGENTARIA SA (n/a) - 0.77% |
| #21 | NORTHLAND POWER INC (n/a) - 1.94% | MEDTRONIC PLC (MDT) - 0.41% |
| #22 | SMA SOLAR TECHNOLOGY AG (n/a) - 1.93% | CANADIAN IMPERIAL BANK OF COMMERCE (CM) - 0.41% |
| #23 | SUNRUN INC (RUN) - 1.91% | BOC HONG KONG HOLDINGS LTD (n/a) - 0.40% |
| #24 | MERIDIAN ENERGY LTD (n/a) - 1.88% | GSK PLC (n/a) - 0.39% |
| #25 | BORALEX INC CLASS A (n/a) - 1.75% | ING GROEP NV (n/a) - 0.38% |
| Total Holdings | 68 | 660 |
FRNW vs DEW - Historical Returns
Returns include dividend reinvestment.
1M
FRNW
-1.12%
Winner
DEW
+0.42%
3M
Winner
FRNW
+15.36%
DEW
+2.80%
6M
Winner
FRNW
+23.94%
DEW
+13.51%
1Y
Winner
FRNW
+73.01%
DEW
+26.30%
5Y(CAGR)
FRNW
+1.04%
Winner
DEW
+10.74%
10Y(CAGR)
FRNW
N/A
DEW
+9.24%
Max(CAGR)
FRNW
+1.04%
Winner
DEW
+5.85%
FRNW vs DEW - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | FRNW | DEW |
|---|---|---|
| 2026 | +20.31% | +11.22% |
| 2025 | +48.65% | +22.72% |
| 2024 | -19.59% | +11.03% |
| 2023 | -19.15% | +9.44% |
| 2022 | -12.49% | -2.88% |
| 2021 | -2.85% | +21.76% |
| 2020 | N/A | -8.08% |
| 2019 | N/A | +20.29% |
| 2018 | N/A | -10.86% |
| 2017 | N/A | +14.93% |
| 2016 | N/A | +16.26% |
| 2015 | N/A | -6.31% |
| 2014 | N/A | -1.31% |
| 2013 | N/A | +13.04% |
| 2012 | N/A | +12.42% |
| 2011 | N/A | -3.29% |
| 2010 | N/A | +4.00% |
| 2009 | N/A | +30.14% |
| 2008 | N/A | -43.28% |
| 2007 | N/A | +7.57% |
| 2006 | N/A | +23.20% |
FRNW vs DEW 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 DEW was -65.49%, occurring on Mar 9, 2009. Recovery took 1679 trading sessions.
The current FRNW drawdown is -9.27%. The current DEW drawdown is -0.97%.
| Rank | FRNW | DEW |
|---|---|---|
| #1 | -59.37% Nov 1, 2021 - Apr 8, 2025 | -65.49% Oct 31, 2007 - Jul 3, 2014 |
| #2 | -1.71% Oct 7, 2021 - Oct 12, 2021 | -38.77% Jan 17, 2020 - Mar 12, 2021 |
| #3 | -1.39% Oct 21, 2021 - Oct 25, 2021 | -24.49% Jul 3, 2014 - Apr 25, 2017 |
| #4 | -0.52% Oct 25, 2021 - Oct 27, 2021 | -18.86% Apr 20, 2022 - Dec 14, 2023 |
| #5 | -0.26% Oct 28, 2021 - Nov 1, 2021 | -18.09% Jan 26, 2018 - Nov 4, 2019 |
| #6 | -0.19% Oct 15, 2021 - Oct 19, 2021 | -12.86% Jul 13, 2007 - Oct 29, 2007 |
| #7 | N/A | -11.80% Apr 2, 2025 - May 15, 2025 |
| #8 | N/A | -8.18% Feb 26, 2007 - Apr 2, 2007 |
| #9 | N/A | -6.47% Nov 29, 2024 - Feb 13, 2025 |
| #10 | N/A | -6.34% Feb 27, 2026 - May 20, 2026 |
| #11 | N/A | -6.14% Jan 14, 2022 - Mar 29, 2022 |
| #12 | N/A | -5.98% Jul 7, 2006 - Jul 27, 2006 |
| #13 | N/A | -5.61% Jun 4, 2021 - Dec 15, 2021 |
| #14 | N/A | -5.21% Mar 28, 2024 - May 9, 2024 |
| #15 | N/A | -4.19% Jul 30, 2024 - Aug 16, 2024 |
Correlation
Correlation between FRNW and DEW is 0.08 which considered as a very weak or no correlation - the stocks move independently of each other.
0.08
-101
Dividend Comparison (2006 - 2026)
FRNW vs DEW dividend yield comparison.
| Year | FRNW | DEW |
|---|---|---|
| 2026 | 0.06% | 0.39% |
| 2025 | 1.25% | 3.71% |
| 2024 | 1.43% | 4.02% |
| 2023 | 1.30% | 4.55% |
| 2022 | 0.69% | 3.82% |
| 2021 | 0.04% | 3.54% |
| 2020 | 0.00% | 4.10% |
| 2019 | 0.00% | 3.74% |
| 2018 | 0.00% | 4.17% |
| 2017 | 0.00% | 3.18% |
| 2016 | 0.00% | 3.42% |
| 2015 | 0.00% | 4.32% |
| 2014 | 0.00% | 5.00% |
| 2013 | 0.00% | 3.65% |
| 2012 | 0.00% | 3.82% |
| 2011 | 0.00% | 4.73% |
| 2010 | 0.00% | 3.45% |
| 2009 | 0.00% | 4.89% |
| 2008 | 0.00% | 7.97% |
| 2007 | 0.00% | 3.14% |
| 2006 | 0.00% | 0.52% |
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