CNEQ vs. RXL ETF Comparison
Comparison of Alger Concentrated Equity ETF (CNEQ) to ProShares Ultra Health Care (RXL)
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
$25.60
Average Daily Volume
4,472
25
RXL
ProShares Ultra Health Care
RXL Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Health CareSM Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index measures the performance of the healthcare sector of the U.S. equity market. Component companies include, among others, health care providers, biotechnology companies, medical supplies, advanced medical devices and pharmaceuticals. The fund is non-diversified.Grade (RS Rating)
Last Trade
$48.44
Average Daily Volume
6,403
61
Performance
| Period | CNEQ | RXL |
|---|---|---|
| 30 Days | 5.83% | -9.73% |
| 60 Days | 12.02% | -14.32% |
| 90 Days | 15.39% | -15.01% |
| 12 Months | 16.57% |
CNEQ Overweight 21 Positions Relative to RXL
CNEQ Underweight 57 Positions Relative to RXL
| Symbol | Grade | Weight | |
|---|---|---|---|
| JNJ | C | -5.25% | |
| ABBV | F | -4.3% | |
| MRK | D | -3.58% | |
| TMO | F | -2.92% | |
| ABT | B | -2.87% | |
| AMGN | F | -2.28% | |
| PFE | F | -2.12% | |
| SYK | B | -1.89% | |
| BSX | A | -1.85% | |
| VRTX | D | -1.79% | |
| BMY | B | -1.7% | |
| GILD | C | -1.65% | |
| MDT | D | -1.58% | |
| ELV | F | -1.35% | |
| CI | D | -1.3% | |
| REGN | F | -1.19% | |
| MCK | A | -1.14% | |
| ZTS | D | -1.14% | |
| CVS | D | -1.0% | |
| BDX | F | -0.94% | |
| HCA | F | -0.92% | |
| COR | B | -0.61% | |
| EW | C | -0.57% | |
| A | D | -0.55% | |
| GEHC | D | -0.54% | |
| IDXX | F | -0.5% | |
| IQV | F | -0.5% | |
| RMD | C | -0.49% | |
| HUM | C | -0.49% | |
| CNC | D | -0.44% | |
| DXCM | C | -0.43% | |
| CAH | B | -0.42% | |
| MTD | F | -0.38% | |
| WST | C | -0.35% | |
| BIIB | F | -0.34% | |
| ZBH | C | -0.32% | |
| WAT | C | -0.32% | |
| STE | D | -0.31% | |
| LH | B | -0.29% | |
| MOH | F | -0.26% | |
| HOLX | D | -0.26% | |
| PODD | C | -0.26% | |
| DGX | A | -0.25% | |
| BAX | F | -0.23% | |
| VTRS | A | -0.22% | |
| ALGN | D | -0.22% | |
| RVTY | F | -0.21% | |
| MRNA | F | -0.19% | |
| INCY | C | -0.18% | |
| UHS | D | -0.17% | |
| TECH | F | -0.16% | |
| CRL | D | -0.15% | |
| CTLT | C | -0.15% | |
| TFX | F | -0.13% | |
| SOLV | D | -0.13% | |
| HSIC | C | -0.12% | |
| DVA | C | -0.1% |
CNEQ: Top Represented Industries & Keywords
RXL: Top Represented Industries & Keywords
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