CNEQ vs. QRMI ETF Comparison
Comparison of Alger Concentrated Equity ETF (CNEQ) to Global X NASDAQ 100 Risk Managed Income ETF (QRMI)
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
$24.73
Average Daily Volume
3,961
25
QRMI
Global X NASDAQ 100 Risk Managed Income ETF
QRMI Description
Global X Funds - Global X NASDAQ 100 Risk Managed Income ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in the public equity markets of the United States. It takes long and short positions to invest directly and through derivatives such as options in stocks of companies operating across non-financial companies sectors. The fund invests in growth and value stocks of large-cap companies. It seeks to track the performance of the Nasdaq-100 Monthly Net Credit Collar 95-100 Index, by using full replication technique. Global X Funds - Global X NASDAQ 100 Risk Managed Income ETF was formed on August 25, 2021 and is domiciled in the United States.Grade (RS Rating)
Last Trade
$17.04
Average Daily Volume
8,792
101
Performance
| Period | CNEQ | QRMI |
|---|---|---|
| 30 Days | 4.44% | 0.36% |
| 60 Days | 11.14% | 2.60% |
| 90 Days | 13.05% | 2.27% |
| 12 Months | 11.09% |
15 Overlapping Holdings
| Symbol | Grade | Weight in CNEQ | Weight in QRMI | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 8.58% | 8.63% | 8.58% | |
| AMZN | B | 8.1% | 5.66% | 5.66% | |
| ASML | F | 0.93% | 0.42% | 0.42% | |
| AVGO | C | 3.17% | 5.23% | 3.17% | |
| CDNS | B | 1.9% | 0.56% | 0.56% | |
| CEG | D | 1.76% | 0.47% | 0.47% | |
| GOOG | B | 1.98% | 2.54% | 1.98% | |
| ISRG | A | 2.19% | 1.24% | 1.24% | |
| MELI | D | 1.16% | 0.63% | 0.63% | |
| META | C | 6.47% | 5.08% | 5.08% | |
| MSFT | D | 13.34% | 7.96% | 7.96% | |
| MU | D | 1.27% | 0.72% | 0.72% | |
| NFLX | A | 2.0% | 2.31% | 2.0% | |
| NVDA | B | 13.04% | 9.04% | 9.04% | |
| TSLA | B | 1.1% | 4.02% | 1.1% |
CNEQ Underweight 86 Positions Relative to QRMI
| Symbol | Grade | Weight | |
|---|---|---|---|
| COST | B | -2.69% | |
| GOOGL | B | -2.64% | |
| TMUS | A | -1.83% | |
| CSCO | B | -1.55% | |
| ADBE | F | -1.53% | |
| PEP | F | -1.47% | |
| AMD | F | -1.46% | |
| LIN | D | -1.42% | |
| INTU | A | -1.28% | |
| TXN | C | -1.22% | |
| QCOM | F | -1.16% | |
| BKNG | A | -1.12% | |
| CMCSA | B | -1.1% | |
| AMGN | D | -1.05% | |
| HON | A | -0.98% | |
| AMAT | F | -0.98% | |
| PANW | B | -0.84% | |
| VRTX | C | -0.83% | |
| ADP | B | -0.81% | |
| GILD | B | -0.75% | |
| SBUX | A | -0.73% | |
| INTC | C | -0.69% | |
| ADI | D | -0.68% | |
| LRCX | F | -0.62% | |
| CTAS | B | -0.59% | |
| PYPL | A | -0.58% | |
| KLAC | F | -0.58% | |
| MDLZ | F | -0.57% | |
| SNPS | C | -0.56% | |
| REGN | F | -0.56% | |
| CRWD | B | -0.54% | |
| MAR | A | -0.53% | |
| MRVL | B | -0.5% | |
| PDD | F | -0.49% | |
| ORLY | A | -0.48% | |
| FTNT | A | -0.48% | |
| CSX | B | -0.46% | |
| ADSK | B | -0.45% | |
| DASH | B | -0.44% | |
| ROP | C | -0.41% | |
| WDAY | B | -0.39% | |
| PCAR | B | -0.39% | |
| NXPI | F | -0.38% | |
| ABNB | C | -0.38% | |
| CHTR | B | -0.38% | |
| TTD | B | -0.37% | |
| MNST | D | -0.36% | |
| CPRT | A | -0.36% | |
| FANG | D | -0.35% | |
| PAYX | B | -0.34% | |
| AEP | C | -0.32% | |
| ODFL | B | -0.32% | |
| FAST | B | -0.31% | |
| ROST | D | -0.3% | |
| KDP | D | -0.29% | |
| EA | A | -0.28% | |
| TEAM | A | -0.27% | |
| VRSK | B | -0.27% | |
| BKR | A | -0.27% | |
| DDOG | B | -0.26% | |
| CTSH | B | -0.26% | |
| GEHC | D | -0.25% | |
| KHC | F | -0.25% | |
| LULU | C | -0.25% | |
| IDXX | F | -0.24% | |
| AZN | F | -0.24% | |
| EXC | C | -0.24% | |
| XEL | A | -0.24% | |
| MCHP | F | -0.23% | |
| CCEP | D | -0.23% | |
| CSGP | F | -0.21% | |
| TTWO | A | -0.21% | |
| ZS | B | -0.21% | |
| ON | F | -0.2% | |
| ANSS | B | -0.2% | |
| DXCM | C | -0.19% | |
| WBD | B | -0.16% | |
| CDW | F | -0.16% | |
| BIIB | F | -0.16% | |
| MDB | C | -0.15% | |
| GFS | C | -0.15% | |
| ILMN | C | -0.15% | |
| MRNA | F | -0.11% | |
| ARM | F | -0.11% | |
| DLTR | F | -0.1% | |
| SMCI | F | -0.08% |
CNEQ: Top Represented Industries & Keywords
QRMI: Top Represented Industries & Keywords
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