Fidelity Clean Energy ETF

Shareclass
Fidelity Clean Energy ETF (FRNW)
Type
Exchange-traded fund
Sustainability mandate
Gender equality score
Gender equality score

51
/ 100 points
Overall score
Average Equileap Gender Equality Score of fund holdings, weighted by market value
Peer rank
Group ranking

C
51.6
percentile

Universe: Groups

Group: Sector Equity Funds

Ranking: 421 out of 868 funds


See more funds from this group
 All funds
 Groups
 Categories
Gender balance in leadership and workforce
Gender balance in leadership and workforce
24/40
See the score criteria
Equal compensation and work life balance
Equal compensation and work life balance
9/30
See the score criteria
Policies promoting gender equality
Policies promoting gender equality
17/20
See the score criteria
Commitment, transparency, and accountability
Commitment, transparency, and accountability
1/10
See the score criteria
Top scoring holdings
Top scoring holdings
The top 10 holdings in this portfolio with the best scores on the Equileap Gender Scorecard. In the case of ties, the holding with more assets invested is listed higher.
  • 1. Energix-Renewable Energies Ltd
    1.32% of assets
    $352,266 invested
  • 2. EDP SA
    3.13% of assets
    $831,629 invested
  • 3. Mercury NZ Ltd
    1.77% of assets
    $471,182 invested
  • 4. Innergex Renewable Energy Inc
    2.18% of assets
    $580,479 invested
  • 5. Meridian Energy Ltd
    2.34% of assets
    $623,388 invested
  • 6. ERG SpA
    1.34% of assets
    $357,329 invested
  • 7. Orsted AS
    2.79% of assets
    $742,363 invested
  • 8. First Solar Inc
    3.01% of assets
    $800,330 invested
  • 9. Acciona SA
    2.13% of assets
    $567,490 invested
  • 10. EDP Renovaveis SA
    1.82% of assets
    $484,714 invested
Bottom scoring holdings
Bottom scoring holdings
The bottom 10 holdings in this portfolio with the worst scores on the Equileap Gender Scorecard. In the case of ties, the holding with more assets invested is listed higher.
  • 1. Canadian Solar Inc
    1.02% of assets
    $270,134 invested
  • 2. Plug Power Inc
    1.21% of assets
    $321,918 invested
  • 3. RENOVA Inc
    0.77% of assets
    $203,656 invested
  • 4. NEXTracker Inc Ordinary Shares - Class A
    3.14% of assets
    $836,028 invested
  • 5. Itron Inc
    2.44% of assets
    $649,638 invested
  • 6. Brookfield Renewable Corp Ordinary Shares - Class A (Exchangeable Sub Votin
    2.19% of assets
    $581,310 invested
  • 7. Enphase Energy Inc
    2.64% of assets
    $702,694 invested
  • 8. Sunnova Energy International Inc
    0.42% of assets
    $111,276 invested
  • 9. Ormat Technologies Inc
    2.15% of assets
    $571,291 invested
  • 10. SolarEdge Technologies Inc
    1.68% of assets
    $446,797 invested
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Financial performance
Performance data provided byMorningstarFind more financial data on FRNW at Morningstar.com
Gender Equality and Returns
Returns chart for Fidelity Clean Energy ETF
Enlarge
The figure above charts annualized returns and Gender Equality Fund grades. The orange marker represents this fund. The purple marker (if present) represents an assigned benchmark. Blue dots represent funds in the same Morningstar category as this fund. Dark gray dots represent funds in the same grading group as this fund. Returns are for the most recent available for this fund of 1, 3, 5, or 10 year annualized returns. The higher a fund is marked on the Y axis, the better its returns for the specified time period. The higher a fund is marked on the X axis, the better its Gender Equality Funds group ranking. Read more on the How it Works page.
Benchmarking tool
Current fund
FRNW
Fidelity Clean Energy ETF
Family
Fidelity Investments
Category
Miscellaneous Sector
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 2/28/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 3-yr returns 
26% less  in annualized returns
Lower overall gender equality score 
4 / 100 points lower
Lower gender balance in leadership and workforce score 
2 / 40 points lower
Lower equal compensation and work life balance score 
1 / 30 points lower
Lower policies promoting gender equality score 
1 / 20 points lower
Same commitment, transparency, and accountability score 
0 / 10 points 
Current fund
FRNW
Fidelity Clean Energy ETF
Family
Fidelity Investments
Category
Miscellaneous Sector
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 2/28/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 3-yr returns 
26% less  in annualized returns
Lower overall gender equality score 
4 / 100 points lower
Lower gender balance in leadership and workforce score 
2 / 40 points lower
Lower equal compensation and work life balance score 
1 / 30 points lower
Lower policies promoting gender equality score 
1 / 20 points lower
Same commitment, transparency, and accountability score 
0 / 10 points 
Current fund
FRNW
Fidelity Clean Energy ETF
Family
Fidelity Investments
Category
Miscellaneous Sector
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 2/28/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 3-yr returns 
26% less  in annualized returns
Lower overall gender equality score 
4 / 100 points lower
Lower gender balance in leadership and workforce score 
2 / 40 points lower
Lower equal compensation and work life balance score 
1 / 30 points lower
Lower policies promoting gender equality score 
1 / 20 points lower
Same commitment, transparency, and accountability score 
0 / 10 points 
Month-end trailing returns  
Annualized returns
Gender-lens analysis
1-yr
3-yr
5-yr
10-yr
Overall gender equality score
This fund
FRNW - Fidelity Clean Energy ETF
-7.43%
-16.34%
/
/
51  / 100 points
Benchmark
ACWI - iShares MSCI ACWI ETF
15%
9.27%
13%
9.24%
55  / 100 points
Fund compared to benchmark
 
-22.62%
-25.6%
/
/
4  / 100 points lower
Find more financial data on FRNW at Morningstar.com
What's next?
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