FRNW vs VTI
Fidelity Clean Energy ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, FRNW or VTI?
All Cap Blend against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 37.3%.
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 | VTI |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $91M | $689.2B |
| Dividend Yield | 1.15% | 1.06% |
| Holdings | 98 | 3,524 |
| YTD Return | -4.24% | +13.02%Best |
| 1Y Return | -4.33% | +16.63%Best |
| 3Y Return (annualized) | +11.20% | +21.97%Best |
| 5Y Return (annualized) | -4.48% | +11.99%Best |
| Volatility (annualized) | 28.8% | 15.7%Best |
| Max Drawdown | -59.4% | -25.4%Best |
| $10,000 over 5 years | $7,952 | $17,616Best |
| Top 10 Weight | 37.3% | 33.5%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | Oct 5, 2021 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Oct 7, 2021 to Oct 14, 2026 (5 years).
FRNW vs VTI 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 VTI Performance
Fidelity Clean Energy ETF (FRNW) is an ETF from Fidelity Investments (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FRNW returned -4.33% while VTI returned +16.63%. Year to date, FRNW is down 4.24% versus a gain of 13.02% for VTI.
Over three years, FRNW compounded at +11.20% per year against +21.97% for VTI; over five years the annualized figures are -4.48% and +11.99% 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 15.7% for VTI. 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 -25.4% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FRNW charges 0.39% per year while VTI 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 VTI.
Holdings Overlap
34.6% of FRNW's money is in holdings VTI also owns. 0.5% of VTI's money is in holdings FRNW also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 51 positions we hold weights for in FRNW and 3,441 in VTI, against full books of 98 and 3,524.
What only one of them owns
Our book lists 1,149 positions for VTI that do not appear in our book for FRNW (97.1% of the fund), and 4 for FRNW that do not appear in VTI (5.9%).
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 VTI | Difference |
|---|---|---|---|
| BECfd Bloom Energy Corp- A | 5.41% | 0.08% | 5.33% |
| GEVGe Vernova, Inc. | 5.07% | 0.33% | 4.74% |
| FSLRFirst Solar, Inc | 3.87% | 0.03% | 3.84% |
| NXTNextpower Inc Class A Common Stock | 3.70% | 0.02% | 3.68% |
| ORAOrange - Adr | 2.40% | 0.01% | 2.39% |
| ENPHEnphase Energy Inc Common Stock | 2.29% | 0.01% | 2.28% |
| CWENClearway Energy, Inc., Class C | 2.17% | 0.01% | 2.16% |
| SHLSShoals Technologies Group Inc Cl A | 1.79% | 0.00% | 1.79% |
| RUNSunrun Inc | 1.55% | 0.00% | 1.55% |
| PLUGPlug Power Inc | 1.48% | 0.00% | 1.48% |
34.6% of FRNW is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FRNW or VTI?
FRNW has an expense ratio of 0.39% while VTI charges 0.03%. VTI is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, FRNW or VTI?
Over the past year FRNW returned -4.33% vs +16.63% for VTI, so VTI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FRNW or VTI?
FRNW has been the more volatile fund at 28.8% annualized versus 15.7% for VTI. Worst drawdown: FRNW -59.4% vs VTI -25.4%.
Should I hold both FRNW and VTI?
FRNW and VTI have a monthly-return correlation of 0.64, 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 VTI?
34.6% of FRNW's money is in holdings VTI also owns. 0.5% of VTI's is in holdings FRNW also owns. They hold 14 positions in common, counted across the 51 positions we hold weights for in FRNW and 3,441 in VTI.
Which pays a higher dividend, FRNW or VTI?
FRNW yields 1.15% while VTI yields 1.06%, so FRNW currently pays the higher dividend yield.
Is VTI better than FRNW?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 37.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.