CNEQ vs. IETC ETF Comparison
Comparison of Alger Concentrated Equity ETF (CNEQ) to iShares Evolved U.S. Technology ETF (IETC)
CNEQ
Alger Concentrated Equity ETF
CNEQ Description
CNEQ is actively managed, investing in large-cap companies on U.S. exchanges that have a promising growth potential. At least 25% of the total assets go into related industries like software and technology hardware, semiconductors, IT services, electronic devices, retail and communication industries. The fund may invest more than 25% of total assets get invested in a single industry. A significant portion may be dedicated to enterprises within a sector, like Information Technology and Communication Services. The portfolio generally comprises no more than 30 holdings, often selling when a stock reaches its target price. The Fund also invests in cash and cash equivalents during market volatility or in the absence of viable long-term investment options. This cash holding is not expected to exceed 15% of net assets.
Grade (RS Rating)
Last Trade
$25.51
Average Daily Volume
3,734
25
IETC
iShares Evolved U.S. Technology ETF
IETC Description
The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$82.22
Average Daily Volume
19,325
117
Performance
| Period | CNEQ | IETC |
|---|---|---|
| 30 Days | 6.39% | 3.17% |
| 60 Days | 11.26% | 5.58% |
| 90 Days | 15.00% | 8.32% |
| 12 Months | 39.98% |
10 Overlapping Holdings
CNEQ Underweight 107 Positions Relative to IETC
| Symbol | Grade | Weight | |
|---|---|---|---|
| ACN | C | -4.24% | |
| CRM | B | -3.82% | |
| ORCL | B | -3.5% | |
| MSI | B | -2.4% | |
| GOOGL | C | -2.34% | |
| NOW | A | -2.11% | |
| VRSN | F | -1.99% | |
| IBM | C | -1.92% | |
| CSCO | B | -1.85% | |
| ICE | C | -1.6% | |
| QCOM | F | -1.35% | |
| MANH | D | -1.28% | |
| FTNT | C | -1.25% | |
| ADBE | C | -1.19% | |
| GPN | B | -1.12% | |
| PH | A | -0.99% | |
| MA | C | -0.95% | |
| TEAM | A | -0.84% | |
| PANW | C | -0.82% | |
| NTAP | C | -0.78% | |
| EQIX | A | -0.74% | |
| ADSK | A | -0.71% | |
| SSNC | B | -0.71% | |
| AMD | F | -0.7% | |
| WDAY | B | -0.69% | |
| ABNB | C | -0.66% | |
| VRSK | A | -0.64% | |
| TYL | B | -0.63% | |
| IT | C | -0.62% | |
| TTD | B | -0.62% | |
| ZM | B | -0.6% | |
| PLTR | B | -0.58% | |
| ANET | C | -0.58% | |
| CDW | F | -0.57% | |
| MPWR | F | -0.52% | |
| LMT | D | -0.41% | |
| ANSS | B | -0.4% | |
| CSGP | D | -0.37% | |
| MCO | B | -0.35% | |
| KLAC | D | -0.34% | |
| CRWD | B | -0.33% | |
| G | B | -0.32% | |
| TXN | C | -0.3% | |
| FDS | B | -0.3% | |
| MSTR | C | -0.28% | |
| COIN | C | -0.28% | |
| UBER | D | -0.23% | |
| TTEK | F | -0.21% | |
| DASH | A | -0.21% | |
| SNPS | B | -0.2% | |
| SQ | B | -0.2% | |
| BAH | F | -0.2% | |
| KEYS | A | -0.18% | |
| MMC | B | -0.18% | |
| BSY | D | -0.17% | |
| QLYS | C | -0.17% | |
| TRU | D | -0.17% | |
| DDOG | A | -0.16% | |
| LRCX | F | -0.16% | |
| CACI | D | -0.15% | |
| AKAM | D | -0.14% | |
| PINS | D | -0.14% | |
| HUBS | A | -0.14% | |
| IQV | D | -0.13% | |
| SWKS | F | -0.13% | |
| MSCI | C | -0.12% | |
| EA | A | -0.12% | |
| VEEV | C | -0.11% | |
| NSIT | F | -0.1% | |
| IPG | D | -0.1% | |
| TER | D | -0.1% | |
| NDAQ | A | -0.09% | |
| CFLT | B | -0.09% | |
| IRM | D | -0.09% | |
| SLB | C | -0.09% | |
| INTU | C | -0.07% | |
| ADP | B | -0.07% | |
| SNAP | C | -0.07% | |
| ROK | B | -0.07% | |
| CPAY | A | -0.06% | |
| TDY | B | -0.06% | |
| CBOE | B | -0.06% | |
| SLAB | D | -0.06% | |
| CPNG | D | -0.06% | |
| DELL | C | -0.06% | |
| JNPR | F | -0.06% | |
| LPLA | A | -0.06% | |
| QRVO | F | -0.06% | |
| BBY | D | -0.06% | |
| FBIN | D | -0.06% | |
| DOCN | D | -0.05% | |
| MMS | F | -0.05% | |
| ILMN | D | -0.05% | |
| SAIC | F | -0.05% | |
| CL | D | -0.04% | |
| APPN | B | -0.04% | |
| BILL | A | -0.04% | |
| DXC | B | -0.04% | |
| GLW | B | -0.03% | |
| ZI | D | -0.02% | |
| ENPH | F | -0.02% | |
| XYL | D | -0.02% | |
| RIVN | F | -0.01% | |
| GDDY | A | -0.01% | |
| ALGN | D | -0.0% | |
| GRAL | C | -0.0% | |
| FTV | C | -0.0% |
CNEQ: Top Represented Industries & Keywords
IETC: Top Represented Industries & Keywords
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