FRNW vs FTNJ
Comparison between FIDELITY CLEAN ENERGY ETF (FRNW, ETF) and Franklin New Jersey Municipal Income ETF (FTNJ, ETF).
FRNW vs FTNJ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FRNW
$166M
FTNJ
$166M
Expense Ratio
FRNW
0.39%
Winner
FTNJ
0.35%
Max Drawdown
FRNW
60.67%
Winner
FTNJ
2.98%
Sharpe Ratio
Winner
FRNW
1.83
FTNJ
0.02
5Y Beta
FRNW
0.86
Winner
FTNJ
0.10
P/E Ratio
FRNW
-3.55
FTNJ
N/A
Forward P/E
FRNW
20.16
FTNJ
N/A
PEG Ratio
FRNW
-0.00
FTNJ
N/A
Debt to Equity
FRNW
-146.48%
FTNJ
N/A
P/S Ratio
FRNW
0.63
FTNJ
N/A
P/B Ratio
FRNW
3.82
FTNJ
N/A
FRNW vs FTNJ - Historical Returns
Returns include dividend reinvestment.
1M
FRNW
-3.51%
Winner
FTNJ
+0.69%
3M
Winner
FRNW
+10.36%
FTNJ
+1.47%
6M
Winner
FRNW
+22.47%
FTNJ
+2.17%
1Y
FRNW
+63.31%
FTNJ
N/A
5Y(CAGR)
FRNW
+0.61%
FTNJ
N/A
Max(CAGR)
FRNW
+0.61%
Winner
FTNJ
+3.79%
FRNW vs FTNJ - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | FRNW | FTNJ |
|---|---|---|
| 2026 | +17.90% | +1.80% |
| 2025 | +48.65% | +0.34% |
| 2024 | -19.59% | N/A |
| 2023 | -19.15% | N/A |
| 2022 | -12.49% | N/A |
| 2021 | -2.85% | N/A |
FRNW vs FTNJ 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 FTNJ was -2.72%, occurring on Mar 27, 2026. Recovery took 68 trading sessions.
The current FRNW drawdown is -11.08%. The current FTNJ drawdown is -0.17%.
| Rank | FRNW | FTNJ |
|---|---|---|
| #1 | -59.37% Nov 1, 2021 - Apr 8, 2025 | -2.72% Feb 26, 2026 - Jun 4, 2026 |
| #2 | -1.71% Oct 7, 2021 - Oct 12, 2021 | -0.67% Nov 11, 2025 - Dec 29, 2025 |
| #3 | -1.39% Oct 21, 2021 - Oct 25, 2021 | -0.40% Jan 15, 2026 - Jan 26, 2026 |
| #4 | -0.52% Oct 25, 2021 - Oct 27, 2021 | -0.28% Jun 4, 2026 - Jun 10, 2026 |
| #5 | -0.26% Oct 28, 2021 - Nov 1, 2021 | -0.23% Jan 28, 2026 - Feb 2, 2026 |
| #6 | -0.19% Oct 15, 2021 - Oct 19, 2021 | -0.23% Feb 5, 2026 - Feb 10, 2026 |
| #7 | N/A | -0.23% Feb 17, 2026 - Feb 23, 2026 |
| #8 | N/A | -0.14% Dec 29, 2025 - Jan 2, 2026 |
| #9 | N/A | -0.11% Jan 9, 2026 - Jan 15, 2026 |
| #10 | N/A | -0.06% Jan 26, 2026 - Jan 28, 2026 |
Correlation
Correlation between FRNW and FTNJ is 0.67 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.67
-101
Dividend Comparison (2021 - 2026)
FRNW vs FTNJ dividend yield comparison.
| Year | FRNW | FTNJ |
|---|---|---|
| 2026 | 0.06% | 1.44% |
| 2025 | 1.25% | 0.54% |
| 2024 | 1.43% | 0.00% |
| 2023 | 1.30% | 0.00% |
| 2022 | 0.69% | 0.00% |
| 2021 | 0.04% | 0.00% |
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