See what your fund actually adds
Fidelity Clean Energy ETF FRNW
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FRNW | Replication |
|---|---|---|
| Annualized growth | -3.6% | 7.8% |
| Annualized volatility | 26.2% | 15.9% |
| Sharpe ratio | -0.01 | 0.55 |
| Maximum drawdown | 56.0% | 27.9% |
| Replication fit (R²) | 0.49 · Tracking error 18.6% | |
Replication portfolio
The published portfolio below is the investable basket used to model FRNW’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| VSS | Intl · Small Cap | 36.2% |
| VBK | Small-Cap · Growth | 21.6% |
| XLU | Sector · Utilities | 17.8% |
| IWC | Micro Cap | 16.7% |
| SLV | Alternatives · Silver | 7.8% |