FXL vs. CNEQ ETF Comparison
Comparison of First Trust Technology AlphaDEX (FXL) to Alger Concentrated Equity ETF (CNEQ)
FXL
First Trust Technology AlphaDEX
FXL Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Technology Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the technology sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.
Grade (RS Rating)
Last Trade
$139.51
Average Daily Volume
20,662
101
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
$23.28
Average Daily Volume
6,397
10
Performance
| Period | FXL | CNEQ |
|---|---|---|
| 30 Days | 6.94% | 10.32% |
| 60 Days | 13.38% | 18.69% |
| 90 Days | 1.06% | 2.13% |
| 12 Months | 27.79% |
FXL Overweight 96 Positions Relative to CNEQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| PLTR | A | 2.4% | |
| VRT | B | 1.88% | |
| CTSH | B | 1.86% | |
| GDDY | B | 1.84% | |
| TOST | B | 1.8% | |
| ARW | C | 1.8% | |
| AVGO | B | 1.76% | |
| GWRE | A | 1.74% | |
| AVT | B | 1.73% | |
| ON | F | 1.73% | |
| HCP | A | 1.64% | |
| HPE | B | 1.58% | |
| SAIC | A | 1.55% | |
| GOOGL | B | 1.49% | |
| AKAM | D | 1.47% | |
| DOX | B | 1.45% | |
| JBL | C | 1.44% | |
| DXC | C | 1.42% | |
| DELL | C | 1.41% | |
| SNX | C | 1.36% | |
| HPQ | B | 1.34% | |
| PANW | B | 1.32% | |
| CNXC | F | 1.32% | |
| PSTG | F | 1.28% | |
| APH | D | 1.27% | |
| APPF | C | 1.26% | |
| NTAP | D | 1.25% | |
| SWKS | F | 1.21% | |
| FFIV | B | 1.2% | |
| CRWD | D | 1.2% | |
| PINS | D | 1.2% | |
| DNB | D | 1.16% | |
| IPGP | D | 1.15% | |
| ORCL | A | 1.13% | |
| PEGA | B | 1.13% | |
| AMAT | C | 1.12% | |
| SSNC | C | 1.11% | |
| SNPS | F | 1.11% | |
| ZM | B | 1.1% | |
| TYL | D | 1.09% | |
| PAYC | D | 1.09% | |
| NOW | B | 1.06% | |
| MPWR | B | 1.05% | |
| AMKR | F | 1.0% | |
| EPAM | F | 0.99% | |
| INTC | D | 0.99% | |
| NTNX | C | 0.97% | |
| KBR | A | 0.95% | |
| OLED | B | 0.93% | |
| KLAC | B | 0.88% | |
| ESTC | F | 0.88% | |
| ONTO | B | 0.88% | |
| DASH | A | 0.86% | |
| IBM | A | 0.84% | |
| TER | C | 0.84% | |
| DDOG | B | 0.83% | |
| SMAR | A | 0.82% | |
| MTCH | B | 0.81% | |
| QCOM | D | 0.8% | |
| CACI | A | 0.77% | |
| MANH | A | 0.75% | |
| IAC | C | 0.75% | |
| DBX | C | 0.74% | |
| GFS | F | 0.74% | |
| SMCI | F | 0.66% | |
| PTC | B | 0.65% | |
| CRUS | D | 0.64% | |
| INTU | F | 0.62% | |
| ADBE | F | 0.61% | |
| CDNS | D | 0.58% | |
| ZS | F | 0.58% | |
| MCHP | F | 0.57% | |
| ALGM | F | 0.54% | |
| OKTA | F | 0.52% | |
| LRCX | D | 0.5% | |
| CFLT | F | 0.45% | |
| MSTR | B | 0.38% | |
| GLW | C | 0.36% | |
| GLOB | D | 0.35% | |
| ADSK | B | 0.35% | |
| IT | A | 0.35% | |
| S | C | 0.35% | |
| TXN | C | 0.33% | |
| CRM | B | 0.33% | |
| VRSN | C | 0.33% | |
| AMD | C | 0.32% | |
| MRVL | C | 0.32% | |
| ROP | D | 0.31% | |
| ADI | B | 0.31% | |
| CDW | D | 0.31% | |
| DLB | D | 0.3% | |
| NET | D | 0.3% | |
| LSCC | D | 0.29% | |
| HUBS | D | 0.28% | |
| DV | F | 0.27% | |
| ENTG | D | 0.26% |
FXL: Top Represented Industries & Keywords
CNEQ: Top Represented Industries & Keywords
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