FRNW vs. RAYS ETF Comparison

Comparison of Fidelity Clean Energy ETF (FRNW) to Global X Solar ETF (RAYS)

FRNW

Fidelity Clean Energy ETF

FRNW Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Clean Energy Index. Normally investing at least 80% of assets in securities included in the Fidelity Clean Energy Index and in depositary receipts representing securities included in the index. The Fidelity Clean Energy Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that distribute, produce or provide technology or equipment to support the production of energy from solar, wind, hydrogen and other renewable sources

Grade (RS Rating)

Last Trade

$15.01

Average Daily Volume

7,275

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RAYS

Global X Solar ETF

RAYS Description

The Global X Solar ETF seeks to invest in companies positioned to benefit from the advancement of the global solar technology industry. This includes companies involved in solar power production; the integration of solar into energy systems; and the development/manufacturing of solar-powered generators, engines, batteries, and other technologies related to the utilization of solar as an energy source.

Grade (RS Rating)

Last Trade

$11.40

Average Daily Volume

5,409

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FRNW	RAYS
30 Days	1.74%	-2.98%
60 Days	2.74%	-2.02%
90 Days	-0.85%	7.19%
12 Months	-26.43%	-38.24%

10 Overlapping Holdings

Symbol	Grade	Weight in FRNW	Weight in RAYS	Overlap
AMPS	F	0.63%	0.4%	0.4%
ARRY	D	1.8%	2.59%	1.8%
AY	B	1.88%	1.72%	1.72%
CSIQ	F	1.17%	0.98%	0.98%
ENPH	F	3.62%	10.78%	3.62%
FSLR	B	4.68%	10.47%	4.68%
NOVA	F	0.8%	0.51%	0.51%
RUN	D	1.87%	2.46%	1.87%
SEDG	F	2.15%	3.83%	2.15%
SHLS	F	1.37%	1.74%	1.37%

FRNW Overweight 9 Positions Relative to RAYS

Symbol	Grade	Weight
ITRI	A	2.65%
BE	C	2.35%
ORA	C	2.33%
CWEN	B	2.05%
JKS	D	1.45%
AMRC	C	1.42%
RENB	F	1.37%
PLUG	F	1.35%
RNW	C	1.1%

FRNW Underweight 2 Positions Relative to RAYS

	Symbol	Grade	Weight
	SPWR	F	-0.21%
	MAXN	F	-0.12%