FRNW vs KOLD

Comparison between FIDELITY CLEAN ENERGY ETF (FRNW, ETF) and ProShares UltraShort Bloomberg Natural Gas -2x Shares (KOLD, ETF).

5-Year PerformanceFRNW has outperformed KOLD, delivering a return of +1.0% compared to -40.6%

FRNW vs KOLD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FRNW(ETF)	KOLD(ETF)
Net Assets	$141M	$141M
Expense Ratio	0.39%	N/A
Max Drawdown	60.67%	99.45%
Sharpe Ratio	2.09	0.52
5Y Beta	0.85	-0.06
P/E Ratio	-3.77	N/A
Forward P/E	21.48	N/A
PEG Ratio	-0.00	N/A
Debt to Equity	-146.48%	N/A
P/S Ratio	0.82	N/A
P/B Ratio	4.82	N/A

Net Assets

FRNW

$141M

Winner

KOLD

$141M

Expense Ratio

FRNW

0.39%

KOLD

N/A

Max Drawdown

Winner

FRNW

60.67%

KOLD

99.45%

Sharpe Ratio

Winner

FRNW

2.09

KOLD

0.52

5Y Beta

FRNW

0.85

Winner

KOLD

-0.06

P/E Ratio

FRNW

-3.77

KOLD

N/A

Forward P/E

FRNW

21.48

KOLD

N/A

PEG Ratio

FRNW

-0.00

KOLD

N/A

Debt to Equity

FRNW

-146.48%

KOLD

N/A

P/S Ratio

FRNW

0.82

KOLD

N/A

P/B Ratio

FRNW

4.82

KOLD

N/A

FRNW vs KOLD - Historical Returns

Returns include dividend reinvestment.

Period	FRNW	KOLD
1 month	-1.12%	-13.89%
3 months	+15.36%	+4.85%
6 months	+23.94%	+7.07%
1 year	+73.01%	-4.38%
5 years(CAGR)	+1.04%	-40.55%
10 years(CAGR)	N/A	-26.03%
Max(CAGR)	+1.04%	-13.35%

Winner

FRNW

-1.12%

KOLD

-13.89%

Winner

FRNW

+15.36%

KOLD

+4.85%

Winner

FRNW

+23.94%

KOLD

+7.07%

Winner

FRNW

+73.01%

KOLD

-4.38%

5Y(CAGR)

Winner

FRNW

+1.04%

KOLD

-40.55%

10Y(CAGR)

FRNW

N/A

KOLD

-26.03%

Max(CAGR)

Winner

FRNW

+1.04%

KOLD

-13.35%

FRNW vs KOLD - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	FRNW	KOLD
2026	+20.31%	-40.29%
2025	+48.65%	-16.28%
2024	-19.59%	-6.65%
2023	-19.15%	+196.10%
2022	-12.49%	-87.90%
2021	-2.85%	-73.27%
2020	N/A	+17.02%
2019	N/A	+78.65%
2018	N/A	-44.23%
2017	N/A	+44.29%
2016	N/A	-52.07%
2015	N/A	+75.01%
2014	N/A	+22.91%
2013	N/A	-36.06%
2012	N/A	+7.38%
2011	N/A	+75.57%

FRNW vs KOLD 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 KOLD was -99.45%, occurring on Aug 22, 2022. This drawdown has not yet recovered.

The current FRNW drawdown is -9.27%. The current KOLD drawdown is -97.42%.

Rank	FRNW	KOLD
#1	-59.37% Nov 1, 2021 - Apr 8, 2025	-99.45% Jun 25, 2020 - Aug 22, 2022
#2	-1.71% Oct 7, 2021 - Oct 12, 2021	-87.03% Mar 3, 2016 - Jun 25, 2020
#3	-1.39% Oct 21, 2021 - Oct 25, 2021	-85.48% Apr 19, 2012 - Mar 3, 2016
#4	-0.52% Oct 25, 2021 - Oct 27, 2021	-30.56% Jan 19, 2012 - Mar 6, 2012
#5	-0.26% Oct 28, 2021 - Nov 1, 2021	-9.69% Nov 16, 2011 - Dec 7, 2011
#6	-0.19% Oct 15, 2021 - Oct 19, 2021	-8.31% Mar 12, 2012 - Mar 26, 2012
#7	N/A	-7.76% Dec 30, 2011 - Jan 10, 2012
#8	N/A	-7.63% Oct 7, 2011 - Oct 26, 2011
#9	N/A	-6.87% Oct 27, 2011 - Nov 2, 2011
#10	N/A	-5.16% Mar 30, 2012 - Apr 5, 2012
#11	N/A	-3.30% Dec 19, 2011 - Dec 23, 2011
#12	N/A	-1.99% Dec 12, 2011 - Dec 14, 2011
#13	N/A	-1.95% Apr 5, 2012 - Apr 10, 2012
#14	N/A	-1.84% Dec 7, 2011 - Dec 9, 2011
#15	N/A	-1.51% Nov 7, 2011 - Nov 9, 2011