FRNW vs SPYT
Comparison between FIDELITY CLEAN ENERGY ETF (FRNW, ETF) and DEFIANCE S&P 500 INCOME TARGET ETF (SPYT, ETF).
FRNW vs SPYT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
FRNW vs SPYT - Holdings Comparison
FRNW and SPYT have 0 common holdings. Overlap is 0.00%
FRNW's top 25 holdings weight is 74.34%. SPYT's top 25 holdings weight is 99.93%.
| Rank | FRNW | SPYT |
|---|---|---|
| #1 | n/a (n/a) - 7.14% | ISHARES CORE S&P 500 ETF (IVV) - 99.75% |
| #2 | GE VERNOVA INC (GEV) - 5.78% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.18% |
| #3 | VESTAS WIND SYSTEMS AS (n/a) - 4.74% | N/A |
| #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 | 2 |
FRNW vs SPYT - Historical Returns
Returns include dividend reinvestment.
FRNW vs SPYT - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | FRNW | SPYT |
|---|---|---|
| 2026 | +9.70% | +9.12% |
| 2025 | +48.65% | +12.75% |
| 2024 | -19.59% | +12.97% |
| 2023 | -19.15% | N/A |
| 2022 | -12.49% | N/A |
| 2021 | -2.85% | N/A |
FRNW vs SPYT 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 SPYT was -18.22%, occurring on Apr 8, 2025. Recovery took 92 trading sessions.
The current FRNW drawdown is -17.26%. The current SPYT drawdown is -0.95%.
| Rank | FRNW | SPYT |
|---|---|---|
| #1 | -59.37% Nov 1, 2021 - Apr 8, 2025 | -18.22% Feb 19, 2025 - Jul 2, 2025 |
| #2 | -1.71% Oct 7, 2021 - Oct 12, 2021 | -8.17% Jul 16, 2024 - Sep 19, 2024 |
| #3 | -1.39% Oct 21, 2021 - Oct 25, 2021 | -8.00% Feb 2, 2026 - Apr 14, 2026 |
| #4 | -0.52% Oct 25, 2021 - Oct 27, 2021 | -4.84% Oct 28, 2025 - Jan 6, 2026 |
| #5 | -0.26% Oct 28, 2021 - Nov 1, 2021 | -4.77% Mar 27, 2024 - May 14, 2024 |
| #6 | -0.19% Oct 15, 2021 - Oct 19, 2021 | -4.33% Jun 2, 2026 - Jun 10, 2026 |
| #7 | N/A | -4.11% Dec 6, 2024 - Feb 18, 2025 |
| #8 | N/A | -2.79% Oct 8, 2025 - Oct 24, 2025 |
| #9 | N/A | -2.36% Jan 12, 2026 - Jan 27, 2026 |
| #10 | N/A | -2.34% Oct 14, 2024 - Nov 6, 2024 |
| #11 | N/A | -2.02% Jul 28, 2025 - Aug 8, 2025 |
| #12 | N/A | -1.79% May 14, 2026 - May 26, 2026 |
| #13 | N/A | -1.73% Nov 8, 2024 - Nov 26, 2024 |
| #14 | N/A | -1.20% May 21, 2024 - Jun 5, 2024 |
| #15 | N/A | -1.19% Aug 28, 2025 - Sep 10, 2025 |
Correlation
Correlation between FRNW and SPYT is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2021 - 2026)
FRNW vs SPYT dividend yield comparison.
| Year | FRNW | SPYT |
|---|---|---|
| 2026 | 0.67% | 10.00% |
| 2025 | 1.25% | 21.40% |
| 2024 | 1.43% | 17.37% |
| 2023 | 1.30% | 0.00% |
| 2022 | 0.69% | 0.00% |
| 2021 | 0.04% | 0.00% |
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