FRNW vs GKAT

Comparison between FIDELITY CLEAN ENERGY ETF (FRNW, ETF) and SCHARF GLOBAL OPPORTUNITY ETF (GKAT, ETF).

FRNW vs GKAT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FRNW(ETF)	GKAT(ETF)
Net Assets	$166M	$166M
Expense Ratio	0.39%	0.59%
Max Drawdown	60.67%	10.41%
Sharpe Ratio	1.83	1.17
5Y Beta	0.86	0.68
P/E Ratio	-3.55	16.33
Forward P/E	20.16	15.11
PEG Ratio	-0.00	0.47
Debt to Equity	-146.48%	17.13%
P/S Ratio	0.63	N/A
P/B Ratio	3.82	N/A

Net Assets

Winner

FRNW

$166M

GKAT

$166M

Expense Ratio

Winner

FRNW

0.39%

GKAT

0.59%

Max Drawdown

FRNW

60.67%

Winner

GKAT

10.41%

Sharpe Ratio

Winner

FRNW

1.83

GKAT

1.17

5Y Beta

FRNW

0.86

Winner

GKAT

0.68

P/E Ratio

Winner

FRNW

-3.55

GKAT

16.33

Forward P/E

FRNW

20.16

Winner

GKAT

15.11

PEG Ratio

Winner

FRNW

-0.00

GKAT

0.47

Debt to Equity

Winner

FRNW

-146.48%

GKAT

17.13%

P/S Ratio

FRNW

0.63

GKAT

N/A

P/B Ratio

FRNW

3.82

GKAT

N/A

FRNW vs GKAT - Holdings Comparison

FRNW and GKAT have 1 common holdings. Overlap is 0.00%

FRNW's top 25 holdings weight is 76.74%. GKAT's top 25 holdings weight is 70.70%.

Rank	FRNW	GKAT
#1	n/a (n/a) - 10.13%	BROOKFIELD CORP REGISTERED SHS -A- LIMITED VTG (n/a) - 6.22%
#2	FIRST SOLAR INC (FSLR) - 4.71%	FRANCO-NEVADA CORP (n/a) - 4.72%
#3	BLOOM ENERGY CORP CLASS A (BE) - 4.65%	MCKESSON CORP (MCK) - 4.47%
#4	GE VERNOVA INC (GEV) - 4.51%	SAMSUNG ELECTRONICS CO LTD (n/a) - 4.22%
#5	VESTAS WIND SYSTEMS AS (n/a) - 4.35%	UNION PACIFIC CORP (UNP) - 4.03%
#6	NEXTPOWER INC CLASS A (NXT) - 3.78%	NOVARTIS AG ADR (NVS) - 4.03%
#7	ENLIGHT RENEWABLE ENERGY LTD (n/a) - 3.37%	MICROSOFT CORP (MSFT) - 3.92%
#8	ENPHASE ENERGY INC (ENPH) - 3.22%	ASTRAZENECA PLC ADR (AZN) - 3.87%
#9	EDP-ENERGIAS DE PORTUGAL SA (n/a) - 3.07%	HEINEKEN NV ADR (HEINY) - 3.77%
#10	ORSTED AS (n/a) - 3.02%	FISERV INC (FISV) - 3.50%
#11	SOLAREDGE TECHNOLOGIES INC (SEDG) - 2.80%	HALEON PLC ADR (HLN) - 3.14%
#12	ORMAT TECHNOLOGIES INC (ORA) - 2.76%	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 2.94%
#13	ACCIONA SA (n/a) - 2.47%	CME GROUP INC CLASS A (CME) - 2.92%
#14	DOOSAN FUEL CELL ORDINARY SHARES (n/a) - 2.35%	CHUBB LTD (CB) - 2.88%
#15	PLUG POWER INC (PLUG) - 2.15%	MARKEL GROUP INC (MKL) - 2.88%
#16	NORDEX SE AKT. NACH KAPITALHERABSETZUNG (n/a) - 2.11%	OCCIDENTAL PETROLEUM CORP (OXY) - 2.75%
#17	VERBUND AG CLASS A (n/a) - 2.02%	ZOETIS INC CLASS A (ZTS) - 2.69%
#18	CLEARWAY ENERGY INC CLASS C (CWEN) - 1.97%	THE WALT DISNEY CO (DIS) - 2.69%
#19	n/a (SHLS) - 1.95%	ORACLE CORP (ORCL) - 2.54%
#20	n/a (BEPC) - 1.94%	SONY GROUP CORP ADR (SONY) - 2.52%
#21	NORTHLAND POWER INC (n/a) - 1.94%	N/A
#22	SMA SOLAR TECHNOLOGY AG (n/a) - 1.93%	N/A
#23	SUNRUN INC (RUN) - 1.91%	N/A
#24	MERIDIAN ENERGY LTD (n/a) - 1.88%	N/A
#25	BORALEX INC CLASS A (n/a) - 1.75%	N/A
Total Holdings	68	20

FRNW vs GKAT - Historical Returns

Returns include dividend reinvestment.

Period	FRNW	GKAT
1 month	-3.51%	+2.27%
3 months	+10.36%	+6.94%
6 months	+22.47%	+9.69%
1 year	+63.31%	N/A
5 years(CAGR)	+0.61%	N/A
Max(CAGR)	+0.61%	+18.85%

FRNW

-3.51%

Winner

GKAT

+2.27%

Winner

FRNW

+10.36%

GKAT

+6.94%

Winner

FRNW

+22.47%

GKAT

+9.69%

FRNW

+63.31%

GKAT

N/A

5Y(CAGR)

FRNW

+0.61%

GKAT

N/A

Max(CAGR)

FRNW

+0.61%

Winner

GKAT

+18.85%

FRNW vs GKAT - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	FRNW	GKAT
2026	+17.90%	+7.89%
2025	+48.65%	+6.04%
2024	-19.59%	N/A
2023	-19.15%	N/A
2022	-12.49%	N/A
2021	-2.85%	N/A

FRNW vs GKAT 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 GKAT was -10.41%, occurring on Mar 27, 2026. Recovery took 61 trading sessions.

The current FRNW drawdown is -11.08%. The current GKAT drawdown is -2.31%.

Rank	FRNW	GKAT
#1	-59.37% Nov 1, 2021 - Apr 8, 2025	-10.41% Mar 2, 2026 - May 28, 2026
#2	-1.71% Oct 7, 2021 - Oct 12, 2021	-5.53% Oct 6, 2025 - Dec 22, 2025
#3	-1.39% Oct 21, 2021 - Oct 25, 2021	-3.53% Jun 1, 2026 - Jun 10, 2026
#4	-0.52% Oct 25, 2021 - Oct 27, 2021	-2.59% Jan 6, 2026 - Jan 23, 2026
#5	-0.26% Oct 28, 2021 - Nov 1, 2021	-2.40% Jan 28, 2026 - Feb 11, 2026
#6	-0.19% Oct 15, 2021 - Oct 19, 2021	-1.02% Dec 30, 2025 - Jan 5, 2026
#7	N/A	-0.96% Sep 11, 2025 - Sep 22, 2025
#8	N/A	-0.91% Feb 11, 2026 - Feb 18, 2026
#9	N/A	-0.69% Feb 20, 2026 - Feb 24, 2026
#10	N/A	-0.61% Sep 23, 2025 - Sep 30, 2025
#11	N/A	-0.59% Jan 26, 2026 - Jan 28, 2026
#12	N/A	-0.47% Aug 28, 2025 - Sep 8, 2025
#13	N/A	-0.40% Dec 26, 2025 - Dec 30, 2025
#14	N/A	-0.34% Oct 1, 2025 - Oct 3, 2025
#15	N/A	-0.17% Aug 25, 2025 - Aug 27, 2025