FRNW
+2.85 · +15.10%
$21.73 · BATS

Fidelity Covington Trust - Fidelity Clean Energy ETF (FRNW) ETF Analysis | Miscellaneous Sector

Fidelity Investments · USA
AUM:$59.8M
#– of – in Miscellaneous Sector ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 79.0% over the past year, reflecting strong price momentum.

Cost Efficiency

Ongoing charge of 0.39% — moderate cost. Consider how fees compound over long holding periods.

What is FRNW?

The fund normally invests at least 80% of the fund's assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that distribute, produce or provide technology or equipment to support the production of energy from solar, wind, hydrogen and other renewable sources.

Performance Highlights

Returns (%)
Top Sectors (%)

Investment Breakdown

Strong Recent Performance
FRNW delivered 79.0% over the past year. Historical returns only — past performance is not indicative of future results.
Moderate Cost
Expense ratio of 0.39%. Consider how fees compound over a long holding period.
Moderate Concentration
Top 10 holdings make up 37.0% of the ETF — a moderate level of name concentration.
ETF Information
AUM$59.8M
Expense Ratio0.39%
Dividend Yield1.13%
Holdings48
Inception DateOct 2021
Domicile–
Distribution–
Index–
ProviderFidelity Investments
Beta1.78
CategoryMiscellaneous Sector
CurrencyUSD
Portfolio Impact

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Example preview
6168
+7 points · better diversified

Chart Tools

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-2.3%
1Y
+24.1%
3Y
+25.2%
5Y
-8.5%
OpenBook InsightIf you had invested £10,000 in FRNW 5 years ago, it would have fallen to £9,151 — a loss of £849.

Annual Returns

Calendar year performance

FRNW delivered positive returns in 2 of the last 5 calendar years.
YearFRNW
2026 YTD+4.9%
2025+48.7%
2024-19.6%
2023-19.2%
2022-12.5%
CAGR 4yr-4.1%
2/5 positive yearsAvg return: +0.5%Worst year: -19.6% (2024)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
23.5%
Moderate
Momentum
-2.5%
30-day change
Support Level
22.23
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Monitor key support and resistance levels as part of broader risk assessment.