CNEQ vs. TCHP ETF Comparison
Comparison of Alger Concentrated Equity ETF (CNEQ) to T. Rowe Price Blue Chip Growth ETF (TCHP)
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
TCHP
T. Rowe Price Blue Chip Growth ETF
TCHP Description
The investment seeks to provide long-term capital growth; income is a secondary objective. The fund will normally invest at least 80% of its assets in the common stocks of large and medium-sized blue-chip growth companies that are listed in the United States (or futures that have similar economic characteristics). These are firms that, in the investment adviser's view, are well established in their industries and have the potential for above-average earnings growth. It focuses on companies with leading market positions, seasoned management, and strong financial fundamentals.Grade (RS Rating)
Last Trade
$41.58
Average Daily Volume
115,864
73
Performance
| Period | CNEQ | TCHP |
|---|---|---|
| 30 Days | 6.39% | 3.56% |
| 60 Days | 11.26% | 5.32% |
| 90 Days | 15.00% | 6.78% |
| 12 Months | 38.28% |
18 Overlapping Holdings
| Symbol | Grade | Weight in CNEQ | Weight in TCHP | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 8.58% | 9.47% | 8.58% | |
| AMZN | C | 8.1% | 7.96% | 7.96% | |
| ASML | F | 0.93% | 0.96% | 0.93% | |
| AVGO | D | 3.17% | 0.45% | 0.45% | |
| CEG | D | 1.76% | 0.87% | 0.87% | |
| DHR | F | 2.35% | 0.84% | 0.84% | |
| GOOG | C | 1.98% | 5.9% | 1.98% | |
| ISRG | A | 2.19% | 1.63% | 1.63% | |
| LLY | F | 2.28% | 3.53% | 2.28% | |
| META | D | 6.47% | 4.86% | 4.86% | |
| MSFT | F | 13.34% | 12.82% | 12.82% | |
| NFLX | A | 2.0% | 1.77% | 1.77% | |
| NVDA | C | 13.04% | 11.86% | 11.86% | |
| SPGI | C | 2.14% | 0.45% | 0.45% | |
| TSLA | B | 1.1% | 1.97% | 1.1% | |
| TSM | B | 3.59% | 0.43% | 0.43% | |
| UNH | C | 0.99% | 1.65% | 0.99% | |
| V | A | 2.15% | 2.67% | 2.15% |
CNEQ Underweight 55 Positions Relative to TCHP
| Symbol | Grade | Weight | |
|---|---|---|---|
| MA | C | -2.38% | |
| NOW | A | -2.14% | |
| CVNA | B | -1.4% | |
| GOOGL | C | -1.25% | |
| CB | C | -1.06% | |
| TMUS | B | -1.01% | |
| SNPS | B | -0.91% | |
| CMG | B | -0.91% | |
| INTU | C | -0.85% | |
| TMO | F | -0.81% | |
| BKNG | A | -0.8% | |
| GE | D | -0.75% | |
| MPWR | F | -0.64% | |
| SHOP | B | -0.61% | |
| ROP | B | -0.59% | |
| AMD | F | -0.58% | |
| SYK | C | -0.54% | |
| ROST | C | -0.48% | |
| LIN | D | -0.45% | |
| MMC | B | -0.45% | |
| SHW | A | -0.44% | |
| TJX | A | -0.43% | |
| GS | A | -0.42% | |
| CL | D | -0.42% | |
| MS | A | -0.41% | |
| ELV | F | -0.37% | |
| ZTS | D | -0.36% | |
| DASH | A | -0.34% | |
| SE | B | -0.33% | |
| HUM | C | -0.32% | |
| PG | A | -0.32% | |
| ODFL | B | -0.31% | |
| DG | F | -0.3% | |
| TDG | D | -0.3% | |
| SCHW | B | -0.29% | |
| MDB | C | -0.28% | |
| CTAS | B | -0.27% | |
| FI | A | -0.24% | |
| CRWD | B | -0.23% | |
| SLB | C | -0.23% | |
| AZN | D | -0.21% | |
| GEV | B | -0.21% | |
| MDLZ | F | -0.21% | |
| TEAM | A | -0.2% | |
| LRCX | F | -0.17% | |
| DDOG | A | -0.16% | |
| TXN | C | -0.16% | |
| LULU | C | -0.14% | |
| SNOW | C | -0.11% | |
| BILL | A | -0.11% | |
| MSCI | C | -0.11% | |
| VLTO | D | -0.07% | |
| CFLT | B | -0.06% | |
| FTNT | C | -0.06% | |
| NKE | D | -0.05% |
CNEQ: Top Represented Industries & Keywords
TCHP: Top Represented Industries & Keywords
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