FRNW vs VOO
Fidelity Clean Energy ETF vs Vanguard S&P 500 ETF
Which is better, FRNW or VOO?
All Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. FRNW is less concentrated, with 37.3% of the fund in its ten largest positions against 37.9%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $91M | $1.0T |
| Dividend Yield | 1.15% | 1.06% |
| Holdings | 98 | 506 |
| YTD Return | -4.24% | +13.57%Best |
| 1Y Return | -4.33% | +17.55%Best |
| 3Y Return (annualized) | +11.20% | +22.46%Best |
| 5Y Return (annualized) | -4.48% | +13.28%Best |
| Volatility (annualized) | 28.8% | 15.4%Best |
| Max Drawdown | -59.4% | -24.5%Best |
| $10,000 over 5 years | $7,952 | $18,654Best |
| Top 10 Weight | 37.3%Best | 37.9% |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | Oct 5, 2021 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Oct 7, 2021 to Oct 14, 2026 (5 years).
FRNW vs VOO 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 5 years both funds cover.
FRNW vs VOO Performance
Fidelity Clean Energy ETF (FRNW) is an ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year FRNW returned -4.33% while VOO returned +17.55%. Year to date, FRNW is down 4.24% versus a gain of 13.57% for VOO.
Over three years, FRNW compounded at +11.20% per year against +22.46% for VOO; over five years the annualized figures are -4.48% and +13.28% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FRNW has been the more volatile fund, with annualized monthly volatility of 28.8% compared with 15.4% for VOO. 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 -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FRNW charges 0.39% per year while VOO 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 1.15% against 1.06% for VOO.
Holdings Overlap
8.9% of FRNW's money is in holdings VOO also owns. 0.4% of VOO's money is in holdings FRNW also owns.
FRNW and VOO share little of their money.
2 positions in common, counted across the 51 positions we hold weights for in FRNW and 504 in VOO, against full books of 98 and 506.
What only one of them owns
Our book lists 497 positions for VOO that do not appear in our book for FRNW (99.3% of the fund), and 16 for FRNW that do not appear in VOO (31.5%).
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.
You are not choosing between two funds in isolation.
Whichever of FRNW and VOO 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 VOO?
FRNW has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, FRNW or VOO?
Over the past year FRNW returned -4.33% vs +17.55% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FRNW or VOO?
FRNW has been the more volatile fund at 28.8% annualized versus 15.4% for VOO. Worst drawdown: FRNW -59.4% vs VOO -24.5%.
Should I hold both FRNW and VOO?
FRNW and VOO have a monthly-return correlation of 0.62, 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 VOO?
8.9% of FRNW's money is in holdings VOO also owns. 0.4% of VOO's is in holdings FRNW also owns. They hold 2 positions in common, counted across the 51 positions we hold weights for in FRNW and 504 in VOO.
Which pays a higher dividend, FRNW or VOO?
FRNW yields 1.15% while VOO yields 1.06%, so FRNW currently pays the higher dividend yield.
Is VOO better than FRNW?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. FRNW is less concentrated, with 37.3% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.