FRNW vs EDGU
Comparison between FIDELITY CLEAN ENERGY ETF (FRNW, ETF) and 3EDGE DYNAMIC US EQUITY ETF (EDGU, ETF).
FRNW vs EDGU - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FRNW
$154M
EDGU
$154M
Expense Ratio
Winner
FRNW
0.39%
EDGU
0.91%
Max Drawdown
FRNW
60.67%
Winner
EDGU
17.65%
Sharpe Ratio
Winner
FRNW
1.24
EDGU
1.23
5Y Beta
FRNW
0.88
Winner
EDGU
0.87
P/E Ratio
FRNW
-3.28
EDGU
N/A
Forward P/E
FRNW
19.26
EDGU
N/A
PEG Ratio
FRNW
-0.00
EDGU
N/A
Debt to Equity
FRNW
-148.85%
EDGU
N/A
P/S Ratio
FRNW
0.58
EDGU
N/A
P/B Ratio
FRNW
3.72
EDGU
N/A
FRNW vs EDGU - Holdings Comparison
FRNW and EDGU have 0 common holdings. Overlap is 0.00%
FRNW's top 25 holdings weight is 74.34%. EDGU's top 25 holdings weight is 100.00%.
| Rank | FRNW | EDGU |
|---|---|---|
| #1 | n/a (n/a) - 7.14% | STATE STREET®TECHSELSECTSPDR®ETF (XLK) - 22.42% |
| #2 | GE VERNOVA INC (GEV) - 5.78% | INVESCO QQQ TRUST (QQQ) - 13.50% |
| #3 | VESTAS WIND SYSTEMS AS (n/a) - 4.74% | STATE STREET®FINSELSECTSPDR®ETF (XLF) - 10.04% |
| #4 | BLOOM ENERGY CORP CLASS A (BE) - 4.01% | STATE STREET® SPDR® PRTFLNSDQ®100ETF (QNDX) - 7.80% |
| #5 | EDP-ENERGIAS DE PORTUGAL SA (n/a) - 3.85% | AVANTIS US SMALL CAP VALUE ETF (AVUV) - 7.45% |
| #6 | FIRST SOLAR INC (FSLR) - 3.70% | STATE STREET®HLTHCRSELSECTSPDR®ETF (XLV) - 7.29% |
| #7 | NEXTPOWER INC CLASS A (NXT) - 3.22% | STATE STREET® INDSTRLSELSECTSPDR®ETF (XLI) - 7.29% |
| #8 | ENLIGHT RENEWABLE ENERGY LTD (n/a) - 3.12% | STATE STREET® CNSMRDISCSELSECTSPDR®ETF (XLY) - 7.24% |
| #9 | ORSTED AS (n/a) - 3.09% | STATE STREET® COMMSERVSELSECTSPDR®ETF (XLC) - 6.71% |
| #10 | ACCIONA SA (n/a) - 2.74% | STATE STREET®CNSMRSTPSELSECTSPDR®ETF (XLP) - 3.70% |
| #11 | NORDEX SE AKT. NACH KAPITALHERABSETZUNG (n/a) - 2.61% | STATE STREET®UTILSELSECTSPDR®ETF (XLU) - 1.82% |
| #12 | VERBUND AG CLASS A (n/a) - 2.53% | STATE STREET®MATSELSECTSPDR®ETF (XLB) - 1.60% |
| #13 | ORMAT TECHNOLOGIES INC (ORA) - 2.41% | STATE STREET REAL ESTATE SEL SECTSPDRETF (XLRE) - 1.51% |
| #14 | E.ON SE (n/a) - 2.41% | STATE STREET®ENGYSELSECTSPDR®ETF (XLE) - 1.14% |
| #15 | n/a (BEPC) - 2.36% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.49% |
| #16 | ITRON INC (ITRI) - 2.34% | N/A |
| #17 | MERIDIAN ENERGY LTD (n/a) - 2.24% | N/A |
| #18 | NORTHLAND POWER INC (n/a) - 2.21% | N/A |
| #19 | VINCI SA (n/a) - 2.17% | N/A |
| #20 | CLEARWAY ENERGY INC CLASS C (CWEN) - 2.05% | N/A |
| #21 | EDP RENEWABLES SA (n/a) - 2.00% | N/A |
| #22 | ENPHASE ENERGY INC (ENPH) - 1.96% | N/A |
| #23 | MERCURY NZ LTD (n/a) - 1.95% | N/A |
| #24 | BORALEX INC CLASS A (n/a) - 1.87% | N/A |
| #25 | n/a (n/a) - 1.84% | N/A |
| Total Holdings | 69 | 15 |
FRNW vs EDGU - Historical Returns
Returns include dividend reinvestment.
1M
FRNW
-8.53%
Winner
EDGU
-1.26%
3M
FRNW
-1.68%
Winner
EDGU
+6.46%
6M
FRNW
+7.03%
Winner
EDGU
+9.22%
1Y
Winner
FRNW
+38.01%
EDGU
+20.47%
5Y(CAGR)
FRNW
-0.91%
EDGU
N/A
Max(CAGR)
FRNW
-0.91%
Winner
EDGU
+14.53%
FRNW vs EDGU - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | FRNW | EDGU |
|---|---|---|
| 2026 | +9.70% | +10.64% |
| 2025 | +48.65% | +15.03% |
| 2024 | -19.59% | +0.27% |
| 2023 | -19.15% | N/A |
| 2022 | -12.49% | N/A |
| 2021 | -2.85% | N/A |
FRNW vs EDGU 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 EDGU was -17.58%, occurring on Apr 8, 2025. Recovery took 105 trading sessions.
The current FRNW drawdown is -17.26%. The current EDGU drawdown is -1.98%.
| Rank | FRNW | EDGU |
|---|---|---|
| #1 | -59.37% Nov 1, 2021 - Apr 8, 2025 | -17.58% Feb 19, 2025 - Jul 22, 2025 |
| #2 | -1.71% Oct 7, 2021 - Oct 12, 2021 | -7.08% Feb 9, 2026 - Apr 16, 2026 |
| #3 | -1.39% Oct 21, 2021 - Oct 25, 2021 | -6.25% Oct 28, 2025 - Jan 6, 2026 |
| #4 | -0.52% Oct 25, 2021 - Oct 27, 2021 | -5.90% Dec 4, 2024 - Feb 18, 2025 |
| #5 | -0.26% Oct 28, 2021 - Nov 1, 2021 | -4.27% Jun 2, 2026 - Jun 10, 2026 |
| #6 | -0.19% Oct 15, 2021 - Oct 19, 2021 | -3.25% Oct 8, 2025 - Oct 24, 2025 |
| #7 | N/A | -3.10% Oct 18, 2024 - Nov 6, 2024 |
| #8 | N/A | -2.44% Nov 11, 2024 - Nov 26, 2024 |
| #9 | N/A | -2.37% Jul 25, 2025 - Aug 12, 2025 |
| #10 | N/A | -2.17% Jan 12, 2026 - Jan 27, 2026 |
| #11 | N/A | -2.01% Feb 2, 2026 - Feb 6, 2026 |
| #12 | N/A | -1.95% May 14, 2026 - May 22, 2026 |
| #13 | N/A | -1.67% Aug 28, 2025 - Sep 9, 2025 |
| #14 | N/A | -1.31% Aug 13, 2025 - Aug 22, 2025 |
| #15 | N/A | -1.27% Sep 22, 2025 - Oct 1, 2025 |
Correlation
Correlation between FRNW and EDGU is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2021 - 2026)
FRNW vs EDGU dividend yield comparison.
| Year | FRNW | EDGU |
|---|---|---|
| 2026 | 0.67% | 0.29% |
| 2025 | 1.25% | 0.61% |
| 2024 | 1.43% | 0.15% |
| 2023 | 1.30% | 0.00% |
| 2022 | 0.69% | 0.00% |
| 2021 | 0.04% | 0.00% |
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