CNEQ vs. QYLD ETF Comparison
Comparison of Alger Concentrated Equity ETF (CNEQ) to Recon Capital NASDAQ-100 Covered Call ETF (QYLD)
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
QYLD
Recon Capital NASDAQ-100 Covered Call ETF
QYLD Description
The investment seeks to provide investment results that will closely correspond, before fees and expenses, generally to the price and yield performance of the CBOE NASDAQ-100® BuyWrite Index. The index measures the total return of a portfolio consisting of common stocks of the 100 companies included in the NASDAQ-100® Index and call options systematically written on those securities through a "buy-write" or covered call strategy. The fund will invest at least 80% of its total assets in common stocks of the companies included in NASDAQ-100® Index, ("80% Policy"). It is non-diversified.Grade (RS Rating)
Last Trade
$18.08
Average Daily Volume
3,653,439
101
Performance
| Period | CNEQ | QYLD |
|---|---|---|
| 30 Days | 4.44% | 0.18% |
| 60 Days | 11.14% | 1.51% |
| 90 Days | 13.05% | 1.91% |
| 12 Months | 15.59% |
15 Overlapping Holdings
| Symbol | Grade | Weight in CNEQ | Weight in QYLD | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 8.58% | 8.59% | 8.58% | |
| AMZN | B | 8.1% | 5.53% | 5.53% | |
| ASML | F | 0.93% | 0.41% | 0.41% | |
| AVGO | C | 3.17% | 5.32% | 3.17% | |
| CDNS | B | 1.9% | 0.53% | 0.53% | |
| CEG | D | 1.76% | 0.47% | 0.47% | |
| GOOG | B | 1.98% | 2.58% | 1.98% | |
| ISRG | A | 2.19% | 1.24% | 1.24% | |
| MELI | D | 1.16% | 0.65% | 0.65% | |
| META | C | 6.47% | 5.12% | 5.12% | |
| MSFT | D | 13.34% | 7.93% | 7.93% | |
| MU | D | 1.27% | 0.75% | 0.75% | |
| NFLX | A | 2.0% | 2.29% | 2.0% | |
| NVDA | B | 13.04% | 9.17% | 9.17% | |
| TSLA | B | 1.1% | 4.0% | 1.1% |
CNEQ Underweight 86 Positions Relative to QYLD
| Symbol | Grade | Weight | |
|---|---|---|---|
| COST | B | -2.69% | |
| GOOGL | B | -2.68% | |
| TMUS | A | -1.82% | |
| CSCO | B | -1.54% | |
| ADBE | F | -1.52% | |
| AMD | F | -1.51% | |
| PEP | F | -1.47% | |
| LIN | D | -1.42% | |
| INTU | A | -1.27% | |
| TXN | C | -1.26% | |
| QCOM | F | -1.18% | |
| CMCSA | B | -1.11% | |
| BKNG | A | -1.09% | |
| AMGN | D | -1.05% | |
| AMAT | F | -1.0% | |
| HON | A | -0.99% | |
| PANW | B | -0.84% | |
| ADP | B | -0.82% | |
| VRTX | C | -0.82% | |
| GILD | B | -0.76% | |
| SBUX | A | -0.73% | |
| ADI | D | -0.71% | |
| INTC | C | -0.67% | |
| LRCX | F | -0.64% | |
| CTAS | B | -0.59% | |
| PYPL | A | -0.58% | |
| MDLZ | F | -0.58% | |
| REGN | F | -0.58% | |
| KLAC | F | -0.58% | |
| SNPS | C | -0.55% | |
| CRWD | B | -0.52% | |
| MRVL | B | -0.52% | |
| MAR | A | -0.52% | |
| FTNT | A | -0.49% | |
| PDD | F | -0.49% | |
| ORLY | A | -0.47% | |
| CSX | B | -0.46% | |
| DASH | B | -0.44% | |
| ADSK | B | -0.43% | |
| PCAR | B | -0.4% | |
| ROP | C | -0.39% | |
| WDAY | B | -0.38% | |
| ABNB | C | -0.38% | |
| TTD | B | -0.38% | |
| NXPI | F | -0.37% | |
| MNST | D | -0.36% | |
| CPRT | A | -0.36% | |
| CHTR | B | -0.36% | |
| FANG | D | -0.35% | |
| PAYX | B | -0.35% | |
| ODFL | B | -0.32% | |
| AEP | C | -0.32% | |
| FAST | B | -0.31% | |
| ROST | D | -0.3% | |
| KDP | D | -0.29% | |
| EA | A | -0.28% | |
| BKR | A | -0.28% | |
| VRSK | B | -0.27% | |
| CTSH | B | -0.26% | |
| AZN | F | -0.25% | |
| EXC | C | -0.25% | |
| DDOG | B | -0.25% | |
| KHC | F | -0.25% | |
| TEAM | A | -0.25% | |
| GEHC | D | -0.25% | |
| LULU | C | -0.24% | |
| XEL | A | -0.24% | |
| CCEP | D | -0.23% | |
| IDXX | F | -0.23% | |
| MCHP | F | -0.23% | |
| ANSS | B | -0.2% | |
| CSGP | F | -0.2% | |
| TTWO | A | -0.2% | |
| ZS | B | -0.2% | |
| DXCM | C | -0.19% | |
| ON | F | -0.19% | |
| CDW | F | -0.17% | |
| BIIB | F | -0.16% | |
| ILMN | C | -0.15% | |
| GFS | C | -0.15% | |
| MDB | C | -0.14% | |
| WBD | B | -0.14% | |
| MRNA | F | -0.11% | |
| ARM | F | -0.11% | |
| SMCI | F | -0.08% | |
| DLTR | F | -0.08% |
CNEQ: Top Represented Industries & Keywords
QYLD: Top Represented Industries & Keywords
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