What's Driving Clean Energy Stocks ETF FRNW's Big YTD Returns?

Core Insights - The Fidelity Clean Energy ETF (FRNW) has delivered strong year-to-date (YTD) returns of 64.6%, outperforming the ETF Database Category average of 50.7% [2] - FRNW charges a fee of 39 basis points and tracks the Fidelity Clean Energy Index, which includes companies from both developed and emerging markets that derive at least half of their revenue from clean energy activities [1] Performance Analysis - FRNW's strong performance is attributed to its top-weighted holdings, such as First Solar (FSLR), which has experienced significant revenue growth of approximately 79.7% year-over-year [3][4] - The ETF has also shown robust performance over one- and three-month periods, indicating consistent strength in the clean energy sector [2] Market Outlook - Despite policy headwinds affecting the clean energy sector, the performance of FRNW suggests that there are still viable investment opportunities within this market segment [5] - The ongoing innovation and connection to energy markets may enhance the appeal of clean energy ETFs like FRNW for investors looking to diversify their portfolios [5]