PBW vs FDEM
Comparison between INVESCO WILDERHILL CLEAN ENERGY ETF (PBW, ETF) and FIDELITY EMERGING MARKETS MULTIFACTOR ETF (FDEM, ETF).
5-Year PerformanceFDEM has outperformed PBW, delivering a return of +9.2% compared to -12.8%
PBW vs FDEM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
PBW
$610M
FDEM
$609M
Expense Ratio
PBW
0.64%
Winner
FDEM
0.25%
Max Drawdown
PBW
90.65%
Winner
FDEM
34.04%
Sharpe Ratio
Winner
PBW
1.82
FDEM
1.55
5Y Beta
PBW
1.60
Winner
FDEM
0.69
P/E Ratio
PBW
-25.11
FDEM
N/A
Forward P/E
PBW
16.61
FDEM
N/A
5Y Dividends CAGR
PBW
-14.55%
Winner
FDEM
14.40%
5Y EPS CAGR
PBW
18.59%
FDEM
N/A
Debt to Equity
PBW
111.27%
FDEM
N/A
P/S Ratio
PBW
0.71
FDEM
N/A
P/B Ratio
PBW
2.62
FDEM
N/A
PBW vs FDEM - Holdings Comparison
PBW and FDEM have 1 common holdings. Overlap is -0.26%
PBW's top 25 holdings weight is 48.23%. FDEM's top 25 holdings weight is 52.55%.
| Rank | PBW | FDEM |
|---|---|---|
| #1 | n/a (HYLN) - 4.58% | n/a (n/a) - 11.57% |
| #2 | FUELCELL ENERGY INC (FCEL) - 3.04% | SAMSUNG ELECTRONICS CO LTD (n/a) - 8.29% |
| #3 | NAVITAS SEMICONDUCTOR CORP CLASS A (NVTS) - 2.81% | SK HYNIX INC (n/a) - 5.38% |
| #4 | BALLARD POWER SYSTEMS INC (n/a) - 2.14% | TENCENT HOLDINGS LTD (n/a) - 3.04% |
| #5 | ASPEN AEROGELS INC (ASPN) - 2.10% | MEDIATEK INC (n/a) - 1.64% |
| #6 | IONQ INC CLASS A (IONQ) - 2.08% | n/a (n/a) - 1.59% |
| #7 | BLOOM ENERGY CORP CLASS A (BE) - 2.04% | n/a (n/a) - 1.59% |
| #8 | n/a (SHLS) - 1.86% | n/a (n/a) - 1.51% |
| #9 | MYR GROUP INC (MYRG) - 1.86% | ORION CORP (SPIN CO) (n/a) - 1.37% |
| #10 | POWELL INDUSTRIES INC (POWL) - 1.78% | EMAAR DEVELOPMENT PJSC ORDINARY SHARES (n/a) - 1.36% |
| #11 | D-WAVE QUANTUM INC (QBTS) - 1.74% | n/a (n/a) - 1.31% |
| #12 | FLUENCE ENERGY INC CLASS A (FLNC) - 1.71% | n/a (n/a) - 1.18% |
| #13 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.70% | PETROCHINA CO LTD CLASS H (n/a) - 1.15% |
| #14 | FIRST SOLAR INC (FSLR) - 1.65% | BRITANNIA INDUSTRIES LTD (n/a) - 1.13% |
| #15 | LITHIUM ARGENTINA AG (LAR) - 1.62% | HENGAN INTERNATIONAL GROUP CO LTD (n/a) - 1.11% |
| #16 | PREFORMED LINE PRODUCTS CO (PLPC) - 1.61% | DELTA ELECTRONICS INC (n/a) - 1.05% |
| #17 | SIGMA LITHIUM CORP (SGML) - 1.58% | INNER MONGOLIA YITAI COAL CO LTD (n/a) - 1.01% |
| #18 | BEL FUSE INC CLASS B (BELFB) - 1.57% | CHINA SHENHUA ENERGY CO LTD CLASS H (n/a) - 1.00% |
| #19 | ENOVIX CORP (ENVX) - 1.57% | FIDELITY CASH CENTRAL FUND (n/a) - 0.95% |
| #20 | ORMAT TECHNOLOGIES INC (ORA) - 1.57% | EXXARO RESOURCES LTD (n/a) - 0.95% |
| #21 | ENERGY VAULT HOLDINGS INC (NRGV) - 1.54% | AVI LTD (n/a) - 0.93% |
| #22 | IONEER LTD ADR (IONR) - 1.54% | n/a (n/a) - 0.89% |
| #23 | PLUG POWER INC (PLUG) - 1.52% | COAL INDIA LTD (n/a) - 0.87% |
| #24 | ENPHASE ENERGY INC (ENPH) - 1.52% | MAGYAR TELEKOM TELECOMMUNICATIONS PLC (n/a) - 0.85% |
| #25 | GENTHERM INC CLASS A (THRM) - 1.50% | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.83% |
| Total Holdings | 71 | 239 |
PBW vs FDEM - Historical Returns
Returns include dividend reinvestment.
1M
PBW
-2.26%
Winner
FDEM
+2.87%
3M
Winner
PBW
+24.08%
FDEM
+16.55%
6M
Winner
PBW
+27.34%
FDEM
+22.30%
1Y
Winner
PBW
+106.59%
FDEM
+36.43%
5Y(CAGR)
PBW
-12.79%
Winner
FDEM
+9.15%
10Y(CAGR)
PBW
+10.02%
FDEM
N/A
Max(CAGR)
PBW
-1.60%
Winner
FDEM
+9.08%
PBW vs FDEM - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | PBW | FDEM |
|---|---|---|
| 2026 | +24.19% | +17.25% |
| 2025 | +47.45% | +25.57% |
| 2024 | -28.81% | +10.29% |
| 2023 | -17.97% | +16.71% |
| 2022 | -45.69% | -13.41% |
| 2021 | -30.10% | -3.71% |
| 2020 | +199.41% | +7.21% |
| 2019 | +60.55% | +5.72% |
| 2018 | -15.63% | N/A |
| 2017 | +38.77% | N/A |
| 2016 | -18.98% | N/A |
| 2015 | -8.61% | N/A |
| 2014 | -17.37% | N/A |
| 2013 | +54.06% | N/A |
| 2012 | -19.28% | N/A |
| 2011 | -51.25% | N/A |
| 2010 | -8.46% | N/A |
| 2009 | +21.29% | N/A |
| 2008 | -68.62% | N/A |
| 2007 | +60.80% | N/A |
| 2006 | +5.06% | N/A |
| 2005 | +3.72% | N/A |
PBW vs FDEM Drawdown Comparison
The maximum drawdown for PBW was -89.01%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The maximum drawdown for FDEM was -33.65%, occurring on Mar 23, 2020. Recovery took 222 trading sessions.
The current PBW drawdown is -66.80%. The current FDEM drawdown is -3.51%.
| Rank | PBW | FDEM |
|---|---|---|
| #1 | -89.01% Feb 9, 2021 - Apr 8, 2025 | -33.65% Jan 17, 2020 - Dec 3, 2020 |
| #2 | -87.01% Dec 26, 2007 - Jan 7, 2021 | -29.32% Feb 16, 2021 - May 15, 2024 |
| #3 | -31.07% May 8, 2006 - Oct 5, 2007 | -16.03% Sep 26, 2024 - May 19, 2025 |
| #4 | -18.89% Mar 7, 2005 - Jul 26, 2005 | -12.68% Feb 25, 2026 - Apr 30, 2026 |
| #5 | -17.63% Sep 12, 2005 - Jan 19, 2006 | -9.65% Apr 17, 2019 - Nov 4, 2019 |
| #6 | -14.44% Nov 8, 2007 - Dec 10, 2007 | -8.03% Jun 2, 2026 - Jun 5, 2026 |
| #7 | -8.99% Jan 22, 2021 - Feb 8, 2021 | -7.69% Jul 12, 2024 - Sep 24, 2024 |
| #8 | -8.26% Feb 27, 2006 - Mar 29, 2006 | -4.69% May 11, 2026 - May 26, 2026 |
| #9 | -6.79% Jan 12, 2021 - Jan 21, 2021 | -4.56% Nov 7, 2019 - Dec 16, 2019 |
| #10 | -5.03% Aug 3, 2005 - Aug 29, 2005 | -4.46% May 20, 2024 - Jul 11, 2024 |
| #11 | -4.98% Apr 24, 2006 - May 5, 2006 | -4.36% Sep 17, 2025 - Oct 20, 2025 |
| #12 | -4.64% Dec 14, 2007 - Dec 19, 2007 | -4.26% Nov 11, 2025 - Jan 2, 2026 |
| #13 | -4.20% Jan 31, 2006 - Feb 24, 2006 | -4.01% Jan 26, 2021 - Feb 5, 2021 |
| #14 | -4.02% Oct 31, 2007 - Nov 6, 2007 | -3.28% Jul 23, 2025 - Aug 12, 2025 |
| #15 | -3.92% Oct 18, 2007 - Oct 26, 2007 | -2.70% Jan 28, 2026 - Feb 9, 2026 |
Correlation
Correlation between PBW and FDEM is -0.09 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.09
-101
Dividend Comparison (2006 - 2026)
PBW vs FDEM dividend yield comparison.
| Year | PBW | FDEM |
|---|---|---|
| 2026 | 0.08% | 0.43% |
| 2025 | 0.79% | 3.23% |
| 2024 | 2.84% | 4.05% |
| 2023 | 3.68% | 4.41% |
| 2022 | 4.21% | 3.95% |
| 2021 | 1.71% | 2.71% |
| 2020 | 0.44% | 1.84% |
| 2019 | 1.45% | 2.39% |
| 2018 | 2.04% | 0.00% |
| 2017 | 1.28% | 0.00% |
| 2016 | 2.68% | 0.00% |
| 2015 | 1.53% | 0.00% |
| 2014 | 2.96% | 0.00% |
| 2013 | 2.18% | 0.00% |
| 2012 | 3.96% | 0.00% |
| 2011 | 2.33% | 0.00% |
| 2006 | 0.27% | 0.00% |
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