CNEQ vs. INNO ETF Comparison
Comparison of Alger Concentrated Equity ETF (CNEQ) to Harbor Disruptive Innovation ETF (INNO)
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
INNO
Harbor Disruptive Innovation ETF
INNO Description
INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.Grade (RS Rating)
Last Trade
$17.23
Average Daily Volume
29,808
68
Performance
| Period | CNEQ | INNO |
|---|---|---|
| 30 Days | 6.39% | 8.00% |
| 60 Days | 11.26% | 8.03% |
| 90 Days | 15.00% | 10.18% |
| 12 Months | 29.81% |
12 Overlapping Holdings
| Symbol | Grade | Weight in CNEQ | Weight in INNO | Overlap | |
|---|---|---|---|---|---|
| AMZN | C | 8.1% | 2.97% | 2.97% | |
| CDNS | B | 1.9% | 3.13% | 1.9% | |
| DHR | F | 2.35% | 2.42% | 2.35% | |
| GOOG | C | 1.98% | 3.38% | 1.98% | |
| LLY | F | 2.28% | 0.54% | 0.54% | |
| MELI | D | 1.16% | 2.85% | 1.16% | |
| META | D | 6.47% | 2.01% | 2.01% | |
| MSFT | F | 13.34% | 1.92% | 1.92% | |
| NFLX | A | 2.0% | 1.14% | 1.14% | |
| NVDA | C | 13.04% | 4.35% | 4.35% | |
| TSLA | B | 1.1% | 0.46% | 0.46% | |
| TSM | B | 3.59% | 1.33% | 1.33% |
CNEQ Underweight 56 Positions Relative to INNO
| Symbol | Grade | Weight | |
|---|---|---|---|
| SHOP | B | -3.91% | |
| NOW | A | -3.73% | |
| FI | A | -2.94% | |
| PGR | A | -2.82% | |
| DASH | A | -2.82% | |
| URI | B | -2.81% | |
| LIN | D | -2.53% | |
| LRCX | F | -2.42% | |
| TXN | C | -2.3% | |
| TEAM | A | -2.23% | |
| IOT | A | -2.16% | |
| TOST | B | -2.03% | |
| GOOGL | C | -1.96% | |
| ASND | D | -1.55% | |
| CMG | B | -1.51% | |
| DDOG | A | -1.38% | |
| AMD | F | -1.36% | |
| PCOR | B | -1.2% | |
| CGNX | C | -1.2% | |
| NET | B | -1.17% | |
| HUBS | A | -1.11% | |
| GTLS | B | -1.09% | |
| CRM | B | -0.9% | |
| S | B | -0.84% | |
| SAP | B | -0.84% | |
| SE | B | -0.83% | |
| MEDP | D | -0.82% | |
| ORCL | B | -0.81% | |
| PANW | C | -0.8% | |
| MNDY | C | -0.8% | |
| ZS | C | -0.79% | |
| MTSI | B | -0.77% | |
| GEV | B | -0.67% | |
| SQ | B | -0.65% | |
| ROKU | D | -0.65% | |
| LSCC | D | -0.64% | |
| NU | C | -0.63% | |
| DT | C | -0.62% | |
| MDB | C | -0.62% | |
| AMAT | F | -0.61% | |
| PODD | C | -0.58% | |
| GLBE | B | -0.57% | |
| OKTA | C | -0.53% | |
| DKNG | B | -0.5% | |
| ICLR | D | -0.46% | |
| CRWD | B | -0.45% | |
| SAIA | B | -0.45% | |
| SNOW | C | -0.43% | |
| LEGN | F | -0.41% | |
| MRNA | F | -0.39% | |
| TDG | D | -0.33% | |
| RCKT | F | -0.33% | |
| DXCM | D | -0.32% | |
| CHKP | D | -0.32% | |
| PCVX | D | -0.25% | |
| BCYC | F | -0.16% |
CNEQ: Top Represented Industries & Keywords
INNO: Top Represented Industries & Keywords
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