FRNW vs SCHD
Fidelity Clean Energy ETF vs Schwab US Dividend Equity ETF
Which is better, FRNW or SCHD?
All Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. FRNW is less concentrated, with 37.5% of the fund in its ten largest positions against 41.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FRNW | SCHD |
|---|---|---|
| Expense Ratio | 0.39% | 0.06%Best |
| AUM | $98M | $112.1B |
| Dividend Yield | 1.24% | 3.00% |
| Holdings | 71 | 103 |
| YTD Return | +4.50% | +24.59%Best |
| 1Y Return | +21.83% | +28.14%Best |
| 3Y Return (annualized) | +10.18% | +15.58%Best |
| 5Y Return (annualized) | -1.90% | +9.90%Best |
| Volatility (annualized) | 29.0% | 14.9%Best |
| Max Drawdown | -59.4% | -16.9%Best |
| $10,000 over 5 years | $9,085 | $16,032Best |
| Top 10 Weight | 37.5%Best | 41.8% |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Value |
| Inception | Oct 5, 2021 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 7, 2021 to Sep 10, 2026 (4.9 years).
FRNW vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.9 years both funds cover.
FRNW vs SCHD Performance
Fidelity Clean Energy ETF (FRNW) is an ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FRNW returned +21.83% while SCHD returned +28.14%. Year to date, FRNW is up 4.50% versus a gain of 24.59% for SCHD.
Over three years, FRNW compounded at +10.18% per year against +15.58% for SCHD; over five years the annualized figures are -1.90% and +9.90% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FRNW has been the more volatile fund, with annualized monthly volatility of 29.0% compared with 14.9% for SCHD. 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 -16.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.46. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FRNW charges 0.39% per year while SCHD charges 0.06%. On a $10,000 position that is $39 vs $6 annually, a gap of $33 per year that compounds over a long holding period. On income, FRNW currently yields 1.24% against 3.00% for SCHD.
Holdings Overlap
2.1% of FRNW's money is in holdings SCHD also owns. 0.1% of SCHD's money is in holdings FRNW also owns.
FRNW and SCHD share little of their money.
1 positions in common, counted across the 49 positions we hold weights for in FRNW and 100 in SCHD, against full books of 71 and 103.
What only one of them owns
Our book lists 98 positions for SCHD that do not appear in our book for FRNW (99.8% of the fund), and 16 for FRNW that do not appear in SCHD (33.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FRNW | Weight in SCHD | Difference |
|---|---|---|---|
| CWENClearway Energy Inc | 2.06% | 0.09% | 1.97% |
You are not choosing between two funds in isolation.
Whichever of FRNW and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FRNW or SCHD?
FRNW has an expense ratio of 0.39% while SCHD charges 0.06%. SCHD is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, FRNW or SCHD?
Over the past year FRNW returned +21.83% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FRNW or SCHD?
FRNW has been the more volatile fund at 29.0% annualized versus 14.9% for SCHD. Worst drawdown: FRNW -59.4% vs SCHD -16.9%.
Should I hold both FRNW and SCHD?
FRNW and SCHD have a monthly-return correlation of 0.46, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FRNW and SCHD?
2.1% of FRNW's money is in holdings SCHD also owns. 0.1% of SCHD's is in holdings FRNW also owns. They hold 1 positions in common, counted across the 49 positions we hold weights for in FRNW and 100 in SCHD.
Which pays a higher dividend, FRNW or SCHD?
FRNW yields 1.24% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FRNW?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. FRNW is less concentrated, with 37.5% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.