CNEQ vs. MDCP ETF Comparison
Comparison of Alger Concentrated Equity ETF (CNEQ) to VictoryShares THB Mid Cap ESG ETF (MDCP)
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
$25.43
Average Daily Volume
4,472
25
MDCP
VictoryShares THB Mid Cap ESG ETF
MDCP Description
Victory Portfolios II - VictoryShares THB Mid Cap ESG ETF is an exchange traded fund launched and managed by Victory Capital Management Inc. The fund invests in public equity markets across global region. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of mid-cap companies, within the market capitalization range of the Russell Mid Cap Index. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. The fund does not invest in companies operating across manufacture of complete tobacco products, cluster munitions, thermal coal and fossil fuels sectors. It employs internal, external and proprietary research to create its portfolio. Victory Portfolios II - VictoryShares THB Mid Cap ESG ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$30.57
Average Daily Volume
4,636
30
Performance
| Period | CNEQ | MDCP |
|---|---|---|
| 30 Days | 5.83% | 3.71% |
| 60 Days | 12.02% | 4.49% |
| 90 Days | 15.39% | 5.55% |
| 12 Months | 25.40% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CNEQ | Weight in MDCP | Overlap | |
|---|---|---|---|---|---|
| HEI | A | 3.71% | 3.26% | 3.26% |
CNEQ Overweight 24 Positions Relative to MDCP
| Symbol | Grade | Weight | |
|---|---|---|---|
| MSFT | D | 13.34% | |
| NVDA | B | 13.04% | |
| AAPL | C | 8.58% | |
| AMZN | C | 8.1% | |
| META | D | 6.47% | |
| 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% | |
| V | A | 2.15% | |
| SPGI | C | 2.14% | |
| NFLX | A | 2.0% | |
| GOOG | C | 1.98% | |
| CDNS | B | 1.9% | |
| CEG | C | 1.76% | |
| NTRA | A | 1.52% | |
| MU | D | 1.27% | |
| MELI | C | 1.16% | |
| TSLA | B | 1.1% | |
| UNH | B | 0.99% | |
| ASML | F | 0.93% |
CNEQ Underweight 29 Positions Relative to MDCP
| Symbol | Grade | Weight | |
|---|---|---|---|
| HLI | A | -4.53% | |
| NVR | D | -4.38% | |
| BRO | B | -4.08% | |
| WAB | B | -4.06% | |
| INGR | C | -4.05% | |
| FAST | B | -4.03% | |
| CSL | C | -3.95% | |
| DHI | F | -3.94% | |
| KEYS | A | -3.83% | |
| TDY | B | -3.8% | |
| EME | A | -3.73% | |
| PTC | B | -3.65% | |
| POOL | C | -3.54% | |
| CF | A | -3.51% | |
| CASY | A | -3.4% | |
| CHE | D | -3.31% | |
| NEU | D | -3.29% | |
| WST | C | -3.24% | |
| GGG | B | -3.12% | |
| CACI | D | -3.11% | |
| CBOE | C | -3.05% | |
| HOLX | D | -2.93% | |
| ODFL | C | -2.81% | |
| ROL | B | -2.46% | |
| LECO | C | -2.43% | |
| SSD | F | -2.39% | |
| CW | C | -2.15% | |
| WSO | A | -2.01% | |
| XYL | D | -1.96% |
CNEQ: Top Represented Industries & Keywords
MDCP: Top Represented Industries & Keywords
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