FRNW vs SMCX

Comparison between FIDELITY CLEAN ENERGY ETF (FRNW, ETF) and DEFIANCE DAILY TARGET 2X LONG SMCI ETF (SMCX, ETF).

FRNW vs SMCX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FRNW(ETF)	SMCX(ETF)
Net Assets	$154M	$154M
Expense Ratio	0.39%	N/A
Max Drawdown	60.67%	99.27%
Sharpe Ratio	1.24	-0.58
5Y Beta	0.88	4.69
P/E Ratio	-3.28	N/A
Forward P/E	19.26	N/A
PEG Ratio	-0.00	N/A
Debt to Equity	-148.85%	N/A
P/S Ratio	0.58	N/A
P/B Ratio	3.72	N/A

Net Assets

Winner

FRNW

$154M

SMCX

$154M

Expense Ratio

FRNW

0.39%

SMCX

N/A

Max Drawdown

Winner

FRNW

60.67%

SMCX

99.27%

Sharpe Ratio

Winner

FRNW

1.24

SMCX

-0.58

5Y Beta

Winner

FRNW

0.88

SMCX

4.69

P/E Ratio

FRNW

-3.28

SMCX

N/A

Forward P/E

FRNW

19.26

SMCX

N/A

PEG Ratio

FRNW

-0.00

SMCX

N/A

Debt to Equity

FRNW

-148.85%

SMCX

N/A

P/S Ratio

FRNW

0.58

SMCX

N/A

P/B Ratio

FRNW

3.72

SMCX

N/A

FRNW vs SMCX - Holdings Comparison

FRNW and SMCX have 0 common holdings. Overlap is 0.00%

FRNW's top 25 holdings weight is 74.34%. SMCX's top 25 holdings weight is 6.08%.

Rank	FRNW	SMCX
#1	n/a (n/a) - 7.14%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 5.08%
#2	GE VERNOVA INC (GEV) - 5.78%	SUPER MICRO COMPUTER INC (SMCI) - 0.94%
#3	VESTAS WIND SYSTEMS AS (n/a) - 4.74%	DREYFUS GOVERNMENT CASH MGMT INSTL (DGCXX) - 0.06%
#4	BLOOM ENERGY CORP CLASS A (BE) - 4.01%	N/A
#5	EDP-ENERGIAS DE PORTUGAL SA (n/a) - 3.85%	N/A
#6	FIRST SOLAR INC (FSLR) - 3.70%	N/A
#7	NEXTPOWER INC CLASS A (NXT) - 3.22%	N/A
#8	ENLIGHT RENEWABLE ENERGY LTD (n/a) - 3.12%	N/A
#9	ORSTED AS (n/a) - 3.09%	N/A
#10	ACCIONA SA (n/a) - 2.74%	N/A
#11	NORDEX SE AKT. NACH KAPITALHERABSETZUNG (n/a) - 2.61%	N/A
#12	VERBUND AG CLASS A (n/a) - 2.53%	N/A
#13	ORMAT TECHNOLOGIES INC (ORA) - 2.41%	N/A
#14	E.ON SE (n/a) - 2.41%	N/A
#15	n/a (BEPC) - 2.36%	N/A
#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	3

FRNW vs SMCX - Historical Returns

Returns include dividend reinvestment.

Period	FRNW	SMCX
1 month	-8.53%	-51.69%
3 months	-1.68%	-49.65%
6 months	+7.03%	-75.82%
1 year	+38.01%	-93.64%
5 years(CAGR)	-0.91%	N/A
Max(CAGR)	-0.91%	-91.53%

Winner

FRNW

-8.53%

SMCX

-51.69%

Winner

FRNW

-1.68%

SMCX

-49.65%

Winner

FRNW

+7.03%

SMCX

-75.82%

Winner

FRNW

+38.01%

SMCX

-93.64%

5Y(CAGR)

FRNW

-0.91%

SMCX

N/A

Max(CAGR)

Winner

FRNW

-0.91%

SMCX

-91.53%

FRNW vs SMCX - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	FRNW	SMCX
2026	+9.70%	-74.59%
2025	+48.65%	-68.89%
2024	-19.59%	-89.57%
2023	-19.15%	N/A
2022	-12.49%	N/A
2021	-2.85%	N/A

FRNW vs SMCX 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 SMCX was -99.24%, occurring on Jul 20, 2026. This drawdown has not yet recovered.

The current FRNW drawdown is -17.26%. The current SMCX drawdown is -99.13%.

Rank	FRNW	SMCX
#1	-59.37% Nov 1, 2021 - Apr 8, 2025	-99.24% Aug 23, 2024 - Jul 20, 2026
#2	-1.71% Oct 7, 2021 - Oct 12, 2021	N/A
#3	-1.39% Oct 21, 2021 - Oct 25, 2021	N/A
#4	-0.52% Oct 25, 2021 - Oct 27, 2021	N/A
#5	-0.26% Oct 28, 2021 - Nov 1, 2021	N/A
#6	-0.19% Oct 15, 2021 - Oct 19, 2021	N/A

Correlation

Correlation between FRNW and SMCX is -0.47 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.47

-101