CNEQ vs. QQXT ETF Comparison
Comparison of Alger Concentrated Equity ETF (CNEQ) to First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT)
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
25
QQXT
First Trust NASDAQ-100 Ex-Technology Sector Index Fund
QQXT 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 NASDAQ-100 Ex-Tech Sector Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is an equal-weighted index based on the securities of the NASDAQ-100 Index(R) that are not classified as "technology" according to the Industry Classification Benchmark ("ICB") classification system and, as a result, is a subset of the NASDAQ-100 Index(R). The fund is non-diversified.Grade (RS Rating)
Last Trade
$97.63
Average Daily Volume
5,164
57
Performance
| Period | CNEQ | QQXT |
|---|---|---|
| 30 Days | 6.39% | 4.80% |
| 60 Days | 11.26% | 5.19% |
| 90 Days | 15.00% | 6.88% |
| 12 Months | 19.02% |
CNEQ Overweight 19 Positions Relative to QQXT
CNEQ Underweight 51 Positions Relative to QQXT
| Symbol | Grade | Weight | |
|---|---|---|---|
| BKNG | A | -2.11% | |
| TTWO | A | -2.1% | |
| BKR | B | -2.04% | |
| TMUS | B | -2.03% | |
| EA | A | -2.01% | |
| LULU | C | -2.01% | |
| CHTR | C | -1.99% | |
| MAR | B | -1.97% | |
| FAST | B | -1.97% | |
| WBD | C | -1.96% | |
| PCAR | B | -1.93% | |
| HON | B | -1.92% | |
| CPRT | A | -1.88% | |
| CSCO | B | -1.88% | |
| PYPL | B | -1.88% | |
| ODFL | B | -1.88% | |
| ORLY | B | -1.87% | |
| XEL | A | -1.86% | |
| DXCM | D | -1.85% | |
| ADP | B | -1.84% | |
| TTD | B | -1.83% | |
| CMCSA | B | -1.83% | |
| PAYX | C | -1.82% | |
| VRSK | A | -1.81% | |
| CTAS | B | -1.81% | |
| GILD | C | -1.8% | |
| SBUX | A | -1.79% | |
| MNST | C | -1.78% | |
| COST | B | -1.73% | |
| VRTX | F | -1.72% | |
| FANG | D | -1.72% | |
| ABNB | C | -1.72% | |
| CSX | B | -1.71% | |
| ILMN | D | -1.7% | |
| EXC | C | -1.66% | |
| CSGP | D | -1.62% | |
| LIN | D | -1.62% | |
| AEP | D | -1.61% | |
| CCEP | C | -1.6% | |
| PEP | F | -1.58% | |
| ROST | C | -1.56% | |
| GEHC | F | -1.56% | |
| KHC | F | -1.52% | |
| MDLZ | F | -1.47% | |
| KDP | D | -1.42% | |
| AMGN | D | -1.41% | |
| IDXX | F | -1.41% | |
| AZN | D | -1.38% | |
| BIIB | F | -1.35% | |
| REGN | F | -1.14% | |
| MRNA | F | -1.03% |
CNEQ: Top Represented Industries & Keywords
QQXT: Top Represented Industries & Keywords
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