CNEQ vs. LRGE ETF Comparison
Comparison of Alger Concentrated Equity ETF (CNEQ) to ClearBridge Large Cap Growth ESG ETF (LRGE)
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
LRGE
ClearBridge Large Cap Growth ESG ETF
LRGE Description
The investment seeks long-term capital appreciation through investing in large-capitalization companies with the potential for high future earnings growth. Under normal circumstances, the fund seeks to meet its investment objective by investing at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities or other instruments with similar economic characteristics of U.S. companies with large market capitalizations that meet its financial and environmental, social and governance (ESG) criteria.Grade (RS Rating)
Last Trade
$76.21
Average Daily Volume
11,442
39
Performance
| Period | CNEQ | LRGE |
|---|---|---|
| 30 Days | 6.39% | 2.94% |
| 60 Days | 11.26% | 4.68% |
| 90 Days | 15.00% | 6.24% |
| 12 Months | 33.88% |
14 Overlapping Holdings
| Symbol | Grade | Weight in CNEQ | Weight in LRGE | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 8.58% | 4.93% | 4.93% | |
| AMZN | C | 8.1% | 7.38% | 7.38% | |
| ASML | F | 0.93% | 1.49% | 0.93% | |
| ISRG | A | 2.19% | 2.07% | 2.07% | |
| LLY | F | 2.28% | 1.5% | 1.5% | |
| META | D | 6.47% | 4.83% | 4.83% | |
| MSFT | F | 13.34% | 6.84% | 6.84% | |
| NFLX | A | 2.0% | 4.07% | 2.0% | |
| NVDA | C | 13.04% | 10.46% | 10.46% | |
| SPGI | C | 2.14% | 1.71% | 1.71% | |
| TSLA | B | 1.1% | 1.66% | 1.1% | |
| TSM | B | 3.59% | 1.86% | 1.86% | |
| UNH | C | 0.99% | 2.8% | 0.99% | |
| V | A | 2.15% | 4.94% | 2.15% |
CNEQ Underweight 25 Positions Relative to LRGE
| Symbol | Grade | Weight | |
|---|---|---|---|
| PANW | C | -2.72% | |
| CRM | B | -2.47% | |
| GWW | B | -2.27% | |
| ETN | A | -2.11% | |
| PYPL | B | -1.99% | |
| UBER | D | -1.91% | |
| INTU | C | -1.84% | |
| TMO | F | -1.83% | |
| EQIX | A | -1.8% | |
| SHW | A | -1.69% | |
| GOOGL | C | -1.68% | |
| ADBE | C | -1.62% | |
| HON | B | -1.53% | |
| MMC | B | -1.49% | |
| UNP | C | -1.48% | |
| ACN | C | -1.48% | |
| SYK | C | -1.45% | |
| ZTS | D | -1.4% | |
| WDAY | B | -1.35% | |
| MNST | C | -1.21% | |
| TGT | F | -1.12% | |
| ICE | C | -0.93% | |
| ABNB | C | -0.8% | |
| NEE | D | -0.58% | |
| SBUX | A | -0.57% |
CNEQ: Top Represented Industries & Keywords
LRGE: Top Represented Industries & Keywords
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