UDOW vs. CNEQ ETF Comparison

Comparison of ProShares UltraPro Dow30 (UDOW) to Alger Concentrated Equity ETF (CNEQ)

UDOW

ProShares UltraPro Dow30

UDOW Description

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Dow Jones Industrial AverageSM. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index is a price-weighted index and includes 30 large-cap, "blue-chip" U.S. stocks, excluding utility and transportation companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$107.94

Average Daily Volume

2,015,504

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	UDOW	CNEQ
30 Days	11.66%	6.39%
60 Days	13.67%	11.26%
90 Days	21.08%	15.00%
12 Months	77.11%

6 Overlapping Holdings

Symbol	Grade	Weight in UDOW	Weight in CNEQ	Overlap
AAPL	C	1.6%	8.58%	1.6%
AMZN	C	1.44%	8.1%	1.44%
MSFT	F	2.94%	13.34%	2.94%
NVDA	C	1.01%	13.04%	1.01%
UNH	C	4.2%	0.99%	0.99%
V	A	2.2%	2.15%	2.15%

UDOW Overweight 24 Positions Relative to CNEQ

Symbol	Grade	Weight
GS	A	4.21%
HD	A	2.9%
CAT	B	2.73%
SHW	A	2.69%
CRM	B	2.31%
MCD	D	2.08%
AXP	A	2.04%
AMGN	D	2.01%
TRV	B	1.85%
JPM	A	1.74%
HON	B	1.62%
IBM	C	1.45%
PG	A	1.2%
CVX	A	1.15%
JNJ	D	1.09%
BA	F	0.99%
MMM	D	0.92%
DIS	B	0.82%
MRK	F	0.68%
WMT	A	0.6%
NKE	D	0.54%
KO	D	0.44%
CSCO	B	0.41%
VZ	C	0.3%

UDOW Underweight 19 Positions Relative to CNEQ

Symbol	Grade	Weight
META	D	-6.47%
HEI	B	-3.71%
TSM	B	-3.59%
APP	B	-3.29%
AVGO	D	-3.17%
DHR	F	-2.35%
LLY	F	-2.28%
ISRG	A	-2.19%
VRT	B	-2.15%
SPGI	C	-2.14%
NFLX	A	-2.0%
GOOG	C	-1.98%
CDNS	B	-1.9%
CEG	D	-1.76%
NTRA	B	-1.52%
MU	D	-1.27%
MELI	D	-1.16%
TSLA	B	-1.1%
ASML	F	-0.93%