FRNW vs. PBD ETF Comparison

Comparison of Fidelity Clean Energy ETF (FRNW) to PowerShares Global Clean Energy Portfolio (PBD)

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

$15.67

Average Daily Volume

7,031

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PBD

PowerShares Global Clean Energy Portfolio

PBD Description

The PowerShares Global Clean Energy Portfolio (Fund) is based on the WilderHill New Energy Global Innovation Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index seeks to deliver capital appreciation and is composed of companies that focus on greener and generally renewable sources of energy and technologies facilitating cleaner energy. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$13.41

Average Daily Volume

28,636

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FRNW	PBD
30 Days	2.84%	-0.30%
60 Days	5.04%	-3.57%
90 Days	2.35%	-2.70%
12 Months	-6.76%	-16.19%

14 Overlapping Holdings

Symbol	Grade	Weight in FRNW	Weight in PBD	Overlap
AMRC	C	1.51%	1.09%	1.09%
ARRY	F	0.93%	0.95%	0.93%
BE	F	1.58%	0.8%	0.8%
CSIQ	D	1.13%	0.87%	0.87%
ENPH	C	3.4%	0.83%	0.83%
FSLR	C	4.22%	0.95%	0.95%
JKS	D	1.15%	0.92%	0.92%
ORA	C	2.43%	0.93%	0.93%
PLUG	F	1.19%	0.84%	0.84%
RENB	F	1.03%	0.97%	0.97%
RUN	C	2.97%	0.88%	0.88%
SEDG	F	0.87%	0.68%	0.68%
SHLS	D	1.51%	1.13%	1.13%
TPIC	D	0.66%	0.9%	0.66%

FRNW Overweight 4 Positions Relative to PBD

Symbol	Grade	Weight
GEV	B	6.3%
CWEN	B	2.06%
AY	B	1.77%
RNW	C	1.26%

FRNW Underweight 20 Positions Relative to PBD

Symbol	Grade	Weight
EOSE	C	-1.3%
NIO	D	-1.27%
NOVA	C	-1.18%
XPEV	D	-1.16%
LCID	C	-1.13%
HASI	B	-1.03%
OLED	C	-1.0%
HUBB	B	-0.97%
ITRI	C	-0.95%
SQM	F	-0.95%
BLBD	C	-0.93%
QS	F	-0.92%
RIVN	F	-0.92%
FCEL	D	-0.88%
ATKR	F	-0.83%
ACHR	F	-0.82%
DAR	F	-0.77%
CNM	F	-0.72%
CHPT	F	-0.68%
WOLF	F	-0.56%