FRNW vs IVV
Fidelity Clean Energy ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FRNW delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FRNW | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $98M | $907.0B | |
| Dividend Yield | 1.24% | 1.10% | |
| Holdings | 68 | 508 | |
| YTD Return | +5.99% | +12.71% | |
| 1Y Return | +29.38% | +21.89% | |
| 3Y Return (annualized) | +9.88% | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 29.2% | 15.1% | |
| Max Drawdown | -59.4% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 5, 2021 | May 15, 2000 |
FRNW vs IVV Performance
Fidelity Clean Energy ETF (FRNW) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FRNW returned +29.38% while IVV returned +21.89%. Year to date, FRNW is up 5.99% versus a gain of 12.71% for IVV.
Over three years, FRNW compounded at +9.88% per year against +22.08% for IVV. Across the full 5-year window we track, IVV has the edge at +7.00% annualized vs -1.64%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FRNW has been the more volatile fund, with annualized monthly volatility of 29.2% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -59.4% for FRNW and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FRNW charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, FRNW currently yields 1.24% against 1.10% for IVV.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, FRNW or IVV?
FRNW has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, FRNW or IVV?
Over the past year FRNW returned +29.38% vs +21.89% for IVV, so FRNW leads on 1-year performance. Over the longest common window we track (5 years), FRNW annualized -1.64% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, FRNW or IVV?
FRNW has been the more volatile fund at 29.2% annualized versus 15.1% for IVV. Worst drawdown: FRNW -59.4% vs IVV -56.5%.
Should I hold both FRNW and IVV?
FRNW and IVV have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FRNW and IVV?
FRNW and IVV share 2 common holdings with a 0.5% weight overlap. Combined, they hold 554 unique securities.
Which pays a higher dividend, FRNW or IVV?
FRNW yields 1.24% while IVV yields 1.10%, so FRNW currently pays the higher dividend yield.
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