QQQJ vs. CNEQ ETF Comparison
Comparison of Invesco NASDAQ Next Gen 100 ETF (QQQJ) to Alger Concentrated Equity ETF (CNEQ)
QQQJ
Invesco NASDAQ Next Gen 100 ETF
QQQJ Description
The Invesco NASDAQ Next Gen 100 Fund (Fund) is based on the NASDAQ Next Generation 100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is comprised of securities of the next generation of Nasdaq-listed non-financial companies; that is, the largest 100 Nasdaq-listed companies outside of the NASDAQ-100 Index®. The Fund and Index are rebalanced quarterly and reconstituted annually.
Grade (RS Rating)
Last Trade
$30.40
Average Daily Volume
103,148
97
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 | QQQJ | CNEQ |
|---|---|---|
| 30 Days | 6.93% | 10.32% |
| 60 Days | 13.69% | 18.69% |
| 90 Days | 8.92% | 2.13% |
| 12 Months | 25.62% |
1 Overlapping Holdings
| Symbol | Grade | Weight in QQQJ | Weight in CNEQ | Overlap | |
|---|---|---|---|---|---|
| APP | A | 2.46% | 2.59% | 2.46% |
QQQJ Overweight 96 Positions Relative to CNEQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| MPWR | B | 2.92% | |
| ALNY | C | 2.29% | |
| EBAY | A | 2.03% | |
| TSCO | A | 2.0% | |
| AXON | A | 1.94% | |
| FSLR | C | 1.77% | |
| NTAP | D | 1.61% | |
| WDC | C | 1.55% | |
| ICLR | F | 1.53% | |
| STX | C | 1.48% | |
| TCOM | A | 1.47% | |
| PTC | B | 1.42% | |
| TER | C | 1.42% | |
| CHKP | A | 1.41% | |
| DKNG | C | 1.27% | |
| STLD | C | 1.26% | |
| UAL | A | 1.24% | |
| JD | A | 1.24% | |
| ZBRA | B | 1.23% | |
| ALGN | D | 1.23% | |
| ULTA | D | 1.23% | |
| HOLX | D | 1.22% | |
| VRSN | C | 1.21% | |
| EXPE | B | 1.2% | |
| SSNC | C | 1.18% | |
| ZM | B | 1.18% | |
| JBHT | D | 1.14% | |
| ARGX | C | 1.12% | |
| ENTG | D | 1.12% | |
| MANH | A | 1.11% | |
| SNY | C | 1.09% | |
| PODD | C | 1.05% | |
| UTHR | C | 1.03% | |
| SWKS | F | 1.02% | |
| ENPH | F | 1.01% | |
| LNT | B | 1.01% | |
| AKAM | D | 1.0% | |
| TRMB | B | 0.98% | |
| NDSN | C | 0.97% | |
| BSY | D | 0.96% | |
| BIDU | C | 0.96% | |
| NTNX | C | 0.95% | |
| GRAB | C | 0.95% | |
| EVRG | C | 0.92% | |
| POOL | D | 0.92% | |
| CASY | D | 0.9% | |
| VTRS | D | 0.89% | |
| LOGI | D | 0.88% | |
| BMRN | F | 0.87% | |
| FLEX | B | 0.86% | |
| FFIV | B | 0.83% | |
| JKHY | A | 0.83% | |
| DOCU | A | 0.82% | |
| RPRX | D | 0.82% | |
| INCY | B | 0.82% | |
| CHRW | C | 0.82% | |
| TTEK | A | 0.81% | |
| TECH | D | 0.81% | |
| OKTA | F | 0.78% | |
| SAIA | D | 0.75% | |
| BNTX | B | 0.75% | |
| RIVN | F | 0.75% | |
| NBIX | F | 0.75% | |
| Z | C | 0.73% | |
| NTES | B | 0.73% | |
| LECO | D | 0.71% | |
| WYNN | B | 0.7% | |
| CHK | C | 0.7% | |
| LKQ | F | 0.69% | |
| BRKR | D | 0.69% | |
| MEDP | F | 0.67% | |
| WWD | C | 0.66% | |
| NWSA | D | 0.65% | |
| DOX | B | 0.65% | |
| QRVO | F | 0.64% | |
| CHDN | C | 0.64% | |
| BGNE | A | 0.63% | |
| MTCH | B | 0.63% | |
| FOXA | B | 0.62% | |
| LBRDK | C | 0.62% | |
| ROKU | C | 0.61% | |
| HSIC | D | 0.6% | |
| APA | F | 0.59% | |
| FOX | B | 0.59% | |
| OTEX | D | 0.58% | |
| PCTY | C | 0.58% | |
| CZR | B | 0.58% | |
| NICE | D | 0.56% | |
| LCID | F | 0.54% | |
| RGEN | F | 0.53% | |
| LSCC | D | 0.48% | |
| JAZZ | F | 0.44% | |
| ETSY | F | 0.43% | |
| NWS | D | 0.34% | |
| FIVE | D | 0.33% | |
| ZG | C | 0.22% |
QQQJ: Top Represented Industries & Keywords
CNEQ: Top Represented Industries & Keywords
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