FRNWvsNLRETF Comparison
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Fidelity Clean Energy ETF (FRNW) and VanEck Uranium+Nuclear Energy ETF (NLR) belong to the same industry segment: Alternative Energy. FRNW's top 3 sector exposures are Industrials, Utilities and Technology. In contrast, NLR's top sector exposures are Energy, Utilities and Industrials. FRNW is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.52% for NLR. FRNW is up 10.6% year-to-date (YTD) with +$59M in YTD flows. NLR performs worse with -3.26% YTD performance, and +$925M in YTD flows. Run a side-by-side ETF comparison of FRNW and NLR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FRNW vs NLR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FRNW NLR | +2.54%+12.24% | -18.55%-9.98% | +10.60%-3.26% | +25.73%+3.55% | +30.71%+102.31% | n/a+151.28% |
| Flows | FRNW NLR | --$51M | -$37M-$160M | +$59M+$925M | +$65M+$2.22B | +$63M+$4.03B | -+$4.08B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FRNW NLR | +26.37%+39.50% | +24.40%+39.01% | +25.21%+32.42% | n/a+27.51% |
| Max drawdown | FRNW NLR | -22.22%-24.96% | -22.22%-36.67% | -34.25%-36.67% | n/a-36.67% |
| Max drawdown duration | FRNW NLR | 87d87d | 87d212d | 717d212d | n/a212d |
Trading data
FRNW | NLR | |
Last sale 8/31/2026 at 1:30 PM | $21.87 | $118.23 |
| Previous close 08/28/2026 | $22.23 | $118.12 |
| Consolidated volume 08/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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FRNW | NLR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/31/2026 at 1:30 PM
Live
Closed
FRNW | NLR | |
|---|---|---|
| Last price | $21.87 | $118.23 |
| 1D performance | -1.62% | +0.09% |
| AuM | $98.09 M | $4.21 B |
| E/R | 0.39% | 0.52% |
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Exposure
Countries
FRNW
USA
32.96%
China
9.61%
Denmark
9.53%
Spain
7.69%
Germany
7.25%
Other
32.96%
NLR
USA
51.08%
Canada
18.8%
Australia
7.41%
Other
22.71%
Sectors
FRNW
Industrials
48.41%
Utilities
46.57%
Other
5.02%
NLR
Energy
39.26%
Utilities
31.2%
Industrials
23.85%
Other
5.69%
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Diversification
FRNW
Total weight of top 15 holdings out of 15
49.01%
NLR
Total weight of top 15 holdings out of 15
83.33%
Top 15 holdings
Data as of July 31, 2026
FRNW
GE Vernova, Inc.
5.47%
Vestas Wind Systems A/S
4.82%
EDP SA
4.11%
First Solar, Inc.
3.56%
Enlight Renewable Energy Ltd.
3.48%
Itron, Inc.
3.17%
Ørsted A/S
3.16%
Nextpower, Inc.
2.99%
Acciona SA
2.84%
Bloom Energy Corp.
2.80%
VERBUND AG
2.69%
Nordex SE
2.55%
E.ON SE
2.53%
Meridian Energy Ltd.
2.50%
Northland Power, Inc.
2.34%
NLR
Constellation Energy Corp.
9.13%
Cameco Corp.
7.79%
Public Service Enterprise Group, Inc.
7.24%
BWX Technologies, Inc.
6.17%
Fortum Oyj
5.91%
Centrus Energy Corp.
5.69%
NexGen Energy Ltd.
5.27%
Uranium Energy Corp.
4.88%
Denison Mines Corp.
4.87%
Paladin Energy Ltd.
4.61%
CGN Power Co., Ltd.
4.53%
National Atomic Company Kazatomprom JSC
4.45%
Oklo, Inc.
4.39%
NuScale Power Corp.
4.37%
Energy Fuels, Inc.
4.04%
Frequently asked questions about FRNW and NLR
How have the FRNW and NLR ETFs performed in 2026?
As of August 28, 2026, FRNW is up 10.6% year-to-date (YTD), while NLR has lost -3.26%. That puts FRNW better performer ahead so far this year.
Which ETF is attracting more investor money: FRNW or NLR?
Year-to-date, the FRNW ETF saw +$59M in flows, compared to +$925M for NLR.
Which ETF is more volatile: FRNW or NLR?
Over the past year, FRNW had a volatility of 24.4%, while NLR experienced 39.01%.
Which ETF is bigger: FRNW or NLR?
As of August 28, 2026, FRNW holds $98.09 M in assets under management (AUM), while NLR manages $4.21 B.
What sectors do the FRNW and NLR ETFs invest in?
FRNW leans toward sectors like Industrials and Utilities. Meanwhile, NLR focuses on Energy, Utilities and Industrials.
What are the top holdings of the FRNW ETF and NLR ETF?
FRNW top holdings include GE Vernova, Inc., Vestas Wind Systems A/S and EDP SA. NLR holds in its top three: Constellation Energy Corp., Cameco Corp. and Public Service Enterprise Group, Inc..
Which ETF is more diversified: FRNW or NLR?
FRNW holds 50 securities with 49.01% of its assets in the top 15. NLR has 25 securities and a top 15 weight of 83.33%.
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