FRNWvsSETMETF Comparison
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Fidelity Clean Energy ETF (FRNW) and Sprott Energy Transition Materials ETF (SETM) belong to the same industry segment: Alternative Energy. FRNW's top 3 sector exposures are Industrials, Utilities and Technology. In contrast, SETM's top sector exposures are Non-Energy Materials, Energy and Industrials. FRNW is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.65% for SETM. FRNW is up 8.64% year-to-date (YTD) with +$59M in YTD flows. SETM performs better with 19.74% YTD performance, and +$347M in YTD flows. Run a side-by-side ETF comparison of FRNW and SETM 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 SETM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FRNW SETM | -3.46%+20.72% | -19.06%-6.92% | +8.64%+19.74% | +26.90%+62.21% | +28.33%+107.35% | n/an/a |
| Flows | FRNW SETM | -+$14M | -$38M-$515K | +$59M+$347M | +$65M+$483M | +$63M+$542M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FRNW SETM | +26.26%+41.97% | +24.34%+39.32% | +25.18%+31.95% | n/an/a |
| Max drawdown | FRNW SETM | -22.22%-27.01% | -22.22%-29.16% | -32.42%-41.59% | n/an/a |
| Max drawdown duration | FRNW SETM | 91d90d | 91d215d | 688d427d | n/an/a |
Trading data
FRNW | SETM | |
Last sale 9/1/2026 at 1:30 PM | $21.85 | $33.72 |
| Previous close 09/01/2026 | $21.87 | $33.38 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FRNW | SETM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
FRNW | SETM | |
|---|---|---|
| Last price | $21.85 | $33.72 |
| 1D performance | -0.09% | +1.02% |
| AuM | $96.36 M | $629.38 M |
| E/R | 0.39% | 0.65% |
Characteristics
FRNW | SETM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fidelity | Sprott ETFs |
| Benchmark | Fidelity Clean Energy Index | Nasdaq Sprott Energy Transition Materials Index |
| N° of holdings | 50 | 154 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 5, 2021 | February 1, 2023 |
| ESG | Yes | Yes |
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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%
SETM
Canada
32.05%
USA
22.74%
Australia
20.64%
Other
24.57%
Sectors
FRNW
Industrials
48.41%
Utilities
46.57%
Other
5.02%
SETM
Non-Energy Materi.
73.88%
Energy
23.97%
Other
2.15%
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Diversification
FRNW
Total weight of top 15 holdings out of 15
49.01%
SETM
Total weight of top 15 holdings out of 15
54.66%
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%
SETM
Freeport-McMoRan, Inc.
5.82%
National Atomic Company Kazatomprom JSC
5.35%
Cameco Corp.
4.68%
Lynas Rare Earths Ltd.
4.38%
PLS Group Ltd.
3.84%
Teck Resources Limited
3.60%
Albemarle Corp.
3.50%
Compañía de Minas Buenaventura SAA
3.29%
Uranium Energy Corp.
3.27%
Sociedad Quimica y Minera de Chile SA
3.10%
Antofagasta Plc
2.95%
Paladin Energy Ltd.
2.87%
MP Materials Corp.
2.75%
First Quantum Minerals Ltd.
2.67%
First Majestic Silver Corp.
2.60%
Frequently asked questions about FRNW and SETM
How have the FRNW and SETM ETFs performed in 2026?
As of September 1, 2026, FRNW is up 8.64% year-to-date (YTD), while SETM has returned 19.74%. That puts SETM better performer ahead so far this year.
Which ETF is attracting more investor money: FRNW or SETM?
Year-to-date, the FRNW ETF saw +$59M in flows, compared to +$347M for SETM.
Which ETF is more volatile: FRNW or SETM?
Over the past year, FRNW had a volatility of 24.34%, while SETM experienced 39.32%.
Which ETF is bigger: FRNW or SETM?
As of September 1, 2026, FRNW holds $96.36 M in assets under management (AUM), while SETM manages $629.38 M.
What sectors do the FRNW and SETM ETFs invest in?
FRNW leans toward sectors like Industrials and Utilities. Meanwhile, SETM focuses on Non-Energy Materials and Energy.
What are the top holdings of the FRNW ETF and SETM ETF?
FRNW top holdings include GE Vernova, Inc., Vestas Wind Systems A/S and EDP SA. SETM holds in its top three: Freeport-McMoRan, Inc., National Atomic Company Kazatomprom JSC and Cameco Corp..
Which ETF is more diversified: FRNW or SETM?
FRNW holds 50 securities with 49.01% of its assets in the top 15. SETM has 158 securities and a top 15 weight of 54.66%.
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