SPYT vs FRNW
Comparison between DEFIANCE S&P 500 INCOME TARGET ETF (SPYT, ETF) and FIDELITY CLEAN ENERGY ETF (FRNW, ETF).
SPYT vs FRNW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SPYT vs FRNW - Holdings Comparison
SPYT and FRNW have 0 common holdings. Overlap is 0.00%
SPYT's top 25 holdings weight is 99.93%. FRNW's top 25 holdings weight is 74.34%.
| Rank | SPYT | FRNW |
|---|---|---|
| #1 | ISHARES CORE S&P 500 ETF (IVV) - 99.75% | n/a (n/a) - 7.14% |
| #2 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.18% | GE VERNOVA INC (GEV) - 5.78% |
| #3 | N/A | VESTAS WIND SYSTEMS AS (n/a) - 4.74% |
| #4 | N/A | BLOOM ENERGY CORP CLASS A (BE) - 4.01% |
| #5 | N/A | EDP-ENERGIAS DE PORTUGAL SA (n/a) - 3.85% |
| #6 | N/A | FIRST SOLAR INC (FSLR) - 3.70% |
| #7 | N/A | NEXTPOWER INC CLASS A (NXT) - 3.22% |
| #8 | N/A | ENLIGHT RENEWABLE ENERGY LTD (n/a) - 3.12% |
| #9 | N/A | ORSTED AS (n/a) - 3.09% |
| #10 | N/A | ACCIONA SA (n/a) - 2.74% |
| #11 | N/A | NORDEX SE AKT. NACH KAPITALHERABSETZUNG (n/a) - 2.61% |
| #12 | N/A | VERBUND AG CLASS A (n/a) - 2.53% |
| #13 | N/A | ORMAT TECHNOLOGIES INC (ORA) - 2.41% |
| #14 | N/A | E.ON SE (n/a) - 2.41% |
| #15 | N/A | n/a (BEPC) - 2.36% |
| #16 | N/A | ITRON INC (ITRI) - 2.34% |
| #17 | N/A | MERIDIAN ENERGY LTD (n/a) - 2.24% |
| #18 | N/A | NORTHLAND POWER INC (n/a) - 2.21% |
| #19 | N/A | VINCI SA (n/a) - 2.17% |
| #20 | N/A | CLEARWAY ENERGY INC CLASS C (CWEN) - 2.05% |
| #21 | N/A | EDP RENEWABLES SA (n/a) - 2.00% |
| #22 | N/A | ENPHASE ENERGY INC (ENPH) - 1.96% |
| #23 | N/A | MERCURY NZ LTD (n/a) - 1.95% |
| #24 | N/A | BORALEX INC CLASS A (n/a) - 1.87% |
| #25 | N/A | n/a (n/a) - 1.84% |
| Total Holdings | 2 | 69 |
SPYT vs FRNW - Historical Returns
Returns include dividend reinvestment.
SPYT vs FRNW - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | SPYT | FRNW |
|---|---|---|
| 2026 | +9.12% | +9.70% |
| 2025 | +12.75% | +48.65% |
| 2024 | +12.97% | -19.59% |
| 2023 | N/A | -19.15% |
| 2022 | N/A | -12.49% |
| 2021 | N/A | -2.85% |
SPYT vs FRNW Drawdown Comparison
The maximum drawdown for SPYT was -18.22%, occurring on Apr 8, 2025. Recovery took 92 trading sessions.
The maximum drawdown for FRNW was -59.37%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The current SPYT drawdown is -0.95%. The current FRNW drawdown is -17.26%.
| Rank | SPYT | FRNW |
|---|---|---|
| #1 | -18.22% Feb 19, 2025 - Jul 2, 2025 | -59.37% Nov 1, 2021 - Apr 8, 2025 |
| #2 | -8.17% Jul 16, 2024 - Sep 19, 2024 | -1.71% Oct 7, 2021 - Oct 12, 2021 |
| #3 | -8.00% Feb 2, 2026 - Apr 14, 2026 | -1.39% Oct 21, 2021 - Oct 25, 2021 |
| #4 | -4.84% Oct 28, 2025 - Jan 6, 2026 | -0.52% Oct 25, 2021 - Oct 27, 2021 |
| #5 | -4.77% Mar 27, 2024 - May 14, 2024 | -0.26% Oct 28, 2021 - Nov 1, 2021 |
| #6 | -4.33% Jun 2, 2026 - Jun 10, 2026 | -0.19% Oct 15, 2021 - Oct 19, 2021 |
| #7 | -4.11% Dec 6, 2024 - Feb 18, 2025 | N/A |
| #8 | -2.79% Oct 8, 2025 - Oct 24, 2025 | N/A |
| #9 | -2.36% Jan 12, 2026 - Jan 27, 2026 | N/A |
| #10 | -2.34% Oct 14, 2024 - Nov 6, 2024 | N/A |
| #11 | -2.02% Jul 28, 2025 - Aug 8, 2025 | N/A |
| #12 | -1.79% May 14, 2026 - May 26, 2026 | N/A |
| #13 | -1.73% Nov 8, 2024 - Nov 26, 2024 | N/A |
| #14 | -1.20% May 21, 2024 - Jun 5, 2024 | N/A |
| #15 | -1.19% Aug 28, 2025 - Sep 10, 2025 | N/A |
Correlation
Correlation between SPYT and FRNW is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2021 - 2026)
SPYT vs FRNW dividend yield comparison.
| Year | SPYT | FRNW |
|---|---|---|
| 2026 | 10.00% | 0.67% |
| 2025 | 21.40% | 1.25% |
| 2024 | 17.37% | 1.43% |
| 2023 | 0.00% | 1.30% |
| 2022 | 0.00% | 0.69% |
| 2021 | 0.00% | 0.04% |
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