FRNW vs ICLN: holdings overlap, shared companies and scores
As of October 9, 2026, FRNW and ICLN overlap 41.3% by weight. Fidelity Clean Energy ETF (FRNW): Global clean energy companies iShares Global Clean Energy ETF (ICLN): Global clean energy stocks.
Updated October 9, 2026
Where FRNW and ICLN trade against their own history
FRNW trades at 20.4 times earnings, against its own median of 19.3, and is more expensive than 71% of its own 56 monthly readings since 2021.
ICLN trades at 21.5 times earnings, against its own median of 17.7, and is more expensive than 72% of its own 112 monthly readings since 2017.
What moved FRNW and ICLN this week
FRNW fell 1.4% in the week to October 9, 2026. The holdings that moved it most were Vestas Wind Systems (−5.5%), Nordex SE (−8.0%) and Plug Power (−11.6%); CGN Power (+5.2%) pushed the other way.
ICLN rose 0.5% in the week to October 9, 2026. The holdings that moved it most were Equatorial Energia (+26.3%), China Yangtze Power (+2.8%) and Cpfl Energia (+14.2%); Bloom Energy (−3.0%) pushed the other way.
What do FRNW and ICLN each hold?
What's inside FRNW: Tech 4%.
38% of FRNW is its ten largest holdings.
What's inside ICLN: Tech 10%, Semiconductors 2%.
52% of ICLN is its ten largest holdings.
How much do FRNW and ICLN overlap? 41.3% by weight
As of October 9, 2026, FRNW and ICLN overlap 41.3% by weight.
61% of FRNW is already inside ICLN.
56% of ICLN is already inside FRNW.
FRNW holds 52 companies and ICLN holds 123; 30 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FRNW and ICLN? 2.3 and 1.7 out of 10
As of October 9, 2026, ETF Copilot scores FRNW 2.3 out of 10 and ICLN 1.7 out of 10.
They differ most on Growth: FRNW 3.3 and ICLN 0.8.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FRNW | ICLN |
|---|---|---|
| Growth | 3.3 | 0.8 |
| Value | 4.2 | 3.5 |
| Risk | 0.9 | 1.1 |
| Quality | 1.7 | 2.1 |
| Return | 1.3 | 1.7 |
ICLN is the cheaper of the two at 0.38% a year
As of October 9, 2026, FRNW charges 0.39% a year, yields 1.07% and holds $90M in assets across 52 positions.
As of October 9, 2026, ICLN charges 0.38% a year, yields 1.10% and holds $2.2B in assets across 123 positions.
| Measure | FRNW | ICLN |
|---|---|---|
| Expense ratio | 0.39% | 0.38% |
| Dividend yield | 1.07% | 1.10% |
| Assets under management | $90M | $2.2B |
| Holdings | 52 | 123 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Compare with similar funds
Cite this
ETF Copilot, “FRNW vs ICLN holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/frnw-vs-icln
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