ALAI vs CNEQ
Alger AI Enablers & Adopters ETF against Alger Concentrated Equity ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
74%
25 shared positions
Fee gap
2 bp
CNEQ is cheaper
1-year return gap
9.9 pts
ALAI is ahead
Larger fund
CNEQ
$3.2B
Side by side
| ALAI | CNEQ | |
|---|---|---|
| Fund | Alger AI Enablers & Adopters ETF | Alger Concentrated Equity ETF |
| Issuer | Alger | Alger |
| Category | AI & Robotics | Large Cap Blend |
| Expense ratio | 0.58% | 0.56% |
| Assets | $1.3B | $3.2B |
| Average daily dollar volume | $3.1M | $9.4M |
| Listed | Apr 4, 2024 | Apr 4, 2024 |
| FrenzyCap score | 54 | 55 |
| 1-month return | +4.8% | +3.1% |
| 3-month return | +6.6% | +3.2% |
| Year to date | +30.6% | +18.9% |
| 1-year return | +23.9% | +14.0% |
| 30-day volatility | 19.9% | 17.6% |
| Worst drawdown, 1 year | −20.7% | −19.7% |
| Trailing 12-month yield | 1.15% | 0.44% |
| Holdings | 79 | 30 |
| Top 10 weight | 52.3% | 59.7% |
| Look-through P/E | 33.0 | 35.1 |
| Holdings vs fair value | −3.9% | −1.2% |
| Holdings above 200-day average | 78% | 70% |
| Net flow, latest 3 reported months | +$62M thru Jun 2026 | +$203M thru Jun 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Jun 30, 2026SEC filing | as of Jun 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
76% of ALAI · 91% of CNEQ| Holding | ALAI | CNEQ |
|---|---|---|
| NVDA | 12.25% | 13.06% |
| TSM | 5.96% | 6.10% |
| MSFT | 4.78% | 5.80% |
| GOOG | 4.73% | 5.65% |
| AMZN | 5.37% | 4.62% |
| WDC | 4.34% | 5.20% |
| NEBIUS GROUP NV | 4.12% | 5.40% |
| AVGO | 3.78% | 4.17% |
| SPCX | 3.09% | 3.56% |
| Anthropic PBC | 2.92% | 5.28% |
| AAPL | 2.83% | 4.42% |
| META | 3.85% | 2.79% |
| TSLA | 2.57% | 3.16% |
| APP | 2.09% | 2.57% |
| TLN | 1.98% | 2.90% |
| SE | 1.65% | 2.24% |
| MU | 1.49% | 1.57% |
| ALAB | 1.38% | 2.11% |
| GEV | 1.31% | 3.05% |
| 2026 VDC LP SPV | 1.30% | 1.49% |
| NTRA | 1.06% | 1.48% |
| AMD | 1.35% | 0.90% |
| RKT | 0.84% | 0.67% |
| Figure AI Inc Class C | 0.66% | 2.03% |
| FIGR | 0.65% | 0.86% |
Sector mix of the stock holdings
| Sector | ALAI | CNEQ | Gap |
|---|---|---|---|
| Technology | 60.1% | 57.9% | +2.1% |
| Consumer Discretionary | 7.9% | 7.8% | +0.2% |
| Industrials | 4.7% | 10.3% | −5.6% |
| Utilities | 2.5% | 4.7% | −2.2% |
| Health Care | 1.9% | 4.3% | −2.4% |
| Financials | 2.7% | 1.5% | +1.2% |
| Communication Services | 1.0% | 0.0% | +1.0% |
| Materials | 0.6% | 0.0% | +0.6% |
More: full overlap table · ALAI holdings · CNEQ holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.