FTEC vs. CNEQ ETF Comparison
Comparison of Fidelity MSCI Information Technology Index ETF (FTEC) to Alger Concentrated Equity ETF (CNEQ)
FTEC
Fidelity MSCI Information Technology Index ETF
FTEC Description
The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Information Technology Index, which represents the performance of the information technology sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Information Technology Index. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$186.01
Average Daily Volume
197,144
Number of Holdings
*
276
* may have additional holdings in another (foreign) market
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
$25.17
Average Daily Volume
3,986
Number of Holdings
*
25
* may have additional holdings in another (foreign) market
Performance
| Period | FTEC | CNEQ |
|---|---|---|
| 30 Days | 5.80% | 7.23% |
| 60 Days | 17.47% | 22.20% |
| 90 Days | 17.10% | 22.27% |
| 12 Months | 44.12% |
FTEC Overweight 269 Positions Relative to CNEQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| ORCL | A | 1.83% | |
| CRM | B | 1.83% | |
| AMD | F | 1.6% | |
| ACN | B | 1.51% | |
| CSCO | A | 1.47% | |
| ADBE | F | 1.45% | |
| IBM | D | 1.35% | |
| QCOM | C | 1.22% | |
| NOW | A | 1.2% | |
| TXN | A | 1.15% | |
| INTU | A | 1.09% | |
| AMAT | D | 0.99% | |
| PANW | A | 0.79% | |
| ADI | B | 0.74% | |
| ANET | A | 0.72% | |
| INTC | C | 0.64% | |
| LRCX | D | 0.64% | |
| KLAC | F | 0.61% | |
| PLTR | A | 0.59% | |
| MSI | B | 0.55% | |
| APH | A | 0.55% | |
| SNPS | B | 0.52% | |
| CRWD | C | 0.5% | |
| MRVL | A | 0.48% | |
| ADSK | A | 0.45% | |
| ROP | B | 0.42% | |
| NXPI | D | 0.41% | |
| FTNT | A | 0.38% | |
| WDAY | C | 0.37% | |
| FICO | A | 0.37% | |
| MPWR | F | 0.33% | |
| IT | A | 0.31% | |
| GLW | B | 0.3% | |
| MCHP | F | 0.3% | |
| HPQ | B | 0.29% | |
| DELL | C | 0.29% | |
| CTSH | B | 0.29% | |
| DDOG | B | 0.28% | |
| SNOW | C | 0.27% | |
| MSTR | B | 0.27% | |
| TEAM | B | 0.25% | |
| CDW | F | 0.24% | |
| NET | C | 0.23% | |
| HPE | B | 0.23% | |
| ANSS | B | 0.23% | |
| ON | C | 0.23% | |
| KEYS | A | 0.23% | |
| HUBS | B | 0.22% | |
| TYL | B | 0.21% | |
| NTAP | C | 0.21% | |
| WDC | C | 0.2% | |
| PTC | B | 0.2% | |
| SMCI | F | 0.2% | |
| GDDY | A | 0.2% | |
| STX | C | 0.2% | |
| TDY | B | 0.19% | |
| ZM | A | 0.18% | |
| TER | F | 0.18% | |
| FSLR | F | 0.18% | |
| ZBRA | B | 0.18% | |
| MANH | C | 0.18% | |
| MDB | D | 0.18% | |
| DOCU | A | 0.17% | |
| GWRE | A | 0.17% | |
| NTNX | B | 0.17% | |
| COHR | A | 0.17% | |
| TRMB | B | 0.16% | |
| JBL | B | 0.16% | |
| DT | C | 0.16% | |
| AKAM | C | 0.16% | |
| PSTG | C | 0.16% | |
| ZS | C | 0.16% | |
| GEN | B | 0.16% | |
| VRSN | C | 0.16% | |
| SWKS | F | 0.15% | |
| ENTG | F | 0.15% | |
| FLEX | A | 0.15% | |
| JNPR | B | 0.14% | |
| TWLO | A | 0.14% | |
| FFIV | B | 0.14% | |
| EPAM | C | 0.13% | |
| CIEN | A | 0.13% | |
| IOT | A | 0.13% | |
| ZETA | A | 0.12% | |
| QRVO | F | 0.12% | |
| OKTA | D | 0.12% | |
| FN | B | 0.12% | |
| SNX | B | 0.12% | |
| OLED | F | 0.12% | |
| PI | C | 0.12% | |
| ENPH | F | 0.12% | |
| ONTO | F | 0.12% | |
| LSCC | C | 0.11% | |
| GTLB | C | 0.11% | |
| DBX | C | 0.11% | |
| S | B | 0.11% | |
| ARW | F | 0.11% | |
| BSY | C | 0.11% | |
| U | C | 0.11% | |
| SMAR | B | 0.11% | |
| AUR | C | 0.11% | |
| CVLT | A | 0.1% | |
| VNT | B | 0.1% | |
| MARA | C | 0.1% | |
| PATH | D | 0.1% | |
| QTWO | B | 0.1% | |
| BMI | C | 0.1% | |
| NOVT | B | 0.1% | |
| ACIW | A | 0.1% | |
| LFUS | C | 0.1% | |
| BOX | B | 0.1% | |
| KD | B | 0.1% | |
| ALTR | C | 0.1% | |
| BDC | B | 0.1% | |
| BILL | C | 0.1% | |
| NSIT | F | 0.1% | |
| CRDO | A | 0.1% | |
| CGNX | C | 0.1% | |
| VRNS | D | 0.1% | |
| LITE | A | 0.1% | |
| MTSI | A | 0.1% | |
| SPSC | F | 0.1% | |
| PCOR | C | 0.1% | |
| BLKB | C | 0.09% | |
| WK | C | 0.09% | |
| SLAB | D | 0.09% | |
| ESTC | C | 0.09% | |
| AEIS | B | 0.09% | |
| DXC | B | 0.09% | |
| DLB | C | 0.09% | |
| QLYS | C | 0.09% | |
| HCP | A | 0.09% | |
| PLXS | B | 0.09% | |
| TENB | D | 0.09% | |
| AVT | B | 0.09% | |
| CRUS | F | 0.09% | |
| ASGN | B | 0.09% | |
| IDCC | A | 0.09% | |
| CWAN | B | 0.09% | |
| CFLT | C | 0.09% | |
| MKSI | D | 0.09% | |
| ITRI | A | 0.09% | |
| FORM | F | 0.08% | |
| SITM | A | 0.08% | |
| AMKR | F | 0.08% | |
| APPF | D | 0.08% | |
| SANM | B | 0.08% | |
| POWI | C | 0.08% | |
| RMBS | C | 0.08% | |
| CLSK | C | 0.07% | |
| MIR | B | 0.07% | |
| FROG | C | 0.07% | |
| CXT | D | 0.07% | |
| AI | C | 0.07% | |
| PRGS | A | 0.07% | |
| SMTC | A | 0.07% | |
| SYNA | D | 0.07% | |
| ACLS | F | 0.07% | |
| DIOD | D | 0.07% | |
| AGYS | C | 0.07% | |
| BL | C | 0.07% | |
| YOU | D | 0.07% | |
| PEGA | B | 0.07% | |
| NCNO | A | 0.07% | |
| TDC | F | 0.07% | |
| VERX | B | 0.06% | |
| CALX | F | 0.06% | |
| OSIS | C | 0.06% | |
| RNG | A | 0.06% | |
| ALGM | D | 0.06% | |
| RPD | C | 0.06% | |
| KLIC | C | 0.06% | |
| DV | D | 0.06% | |
| INTA | A | 0.06% | |
| ALRM | C | 0.06% | |
| DOCN | D | 0.06% | |
| RIOT | C | 0.06% | |
| PLUS | C | 0.06% | |
| EXTR | B | 0.05% | |
| FRSH | C | 0.05% | |
| ALKT | C | 0.05% | |
| WOLF | F | 0.05% | |
| VSH | F | 0.05% | |
| RBRK | A | 0.05% | |
| TTMI | A | 0.05% | |
| PAR | A | 0.05% | |
| VIAV | B | 0.05% | |
| FIVN | D | 0.05% | |
| IPGP | C | 0.05% | |
| AMBA | B | 0.05% | |
| CTS | B | 0.04% | |
| SOUN | C | 0.04% | |
| PLAB | C | 0.04% | |
| NTCT | B | 0.04% | |
| NSSC | F | 0.04% | |
| KN | B | 0.04% | |
| HLIT | F | 0.04% | |
| BHE | B | 0.04% | |
| RAMP | C | 0.04% | |
| UCTT | D | 0.04% | |
| PD | C | 0.04% | |
| VECO | F | 0.04% | |
| INFA | C | 0.04% | |
| BRZE | D | 0.04% | |
| ROG | C | 0.04% | |
| VYX | C | 0.04% | |
| JAMF | D | 0.03% | |
| ASAN | C | 0.03% | |
| APLD | C | 0.03% | |
| ATEN | B | 0.03% | |
| MXL | C | 0.03% | |
| DGII | B | 0.03% | |
| ARLO | C | 0.03% | |
| SCSC | C | 0.03% | |
| ENV | C | 0.03% | |
| COHU | C | 0.03% | |
| WULF | B | 0.03% | |
| XRX | F | 0.03% | |
| ZUO | B | 0.03% | |
| VRNT | F | 0.03% | |
| SPT | D | 0.03% | |
| INFN | C | 0.03% | |
| NTGR | B | 0.02% | |
| DJCO | B | 0.02% | |
| HCKT | B | 0.02% | |
| IBUY | A | 0.02% | |
| SWI | B | 0.02% | |
| AAOI | C | 0.02% | |
| BLND | A | 0.02% | |
| BASE | C | 0.02% | |
| YEXT | B | 0.02% | |
| PRO | C | 0.02% | |
| CXM | D | 0.02% | |
| AOSL | F | 0.02% | |
| BELFB | B | 0.02% | |
| ACMR | C | 0.02% | |
| GDYN | B | 0.02% | |
| NABL | F | 0.02% | |
| PDFS | D | 0.02% | |
| VSAT | F | 0.02% | |
| ICHR | C | 0.02% | |
| CIFR | C | 0.02% | |
| FSLY | D | 0.02% | |
| CNXN | C | 0.02% | |
| APPN | B | 0.02% | |
| SEDG | F | 0.02% | |
| VPG | F | 0.01% | |
| CRSR | D | 0.01% | |
| NNBR | F | 0.01% | |
| RBBN | A | 0.01% | |
| ENFN | B | 0.01% | |
| BIGC | D | 0.01% | |
| MEI | F | 0.01% | |
| SEMR | C | 0.01% | |
| MITK | C | 0.01% | |
| CLFD | D | 0.01% | |
| DMRC | C | 0.01% | |
| WEAV | B | 0.01% | |
| ETWO | F | 0.01% | |
| KE | C | 0.01% | |
| MLNK | B | 0.01% | |
| LWLG | C | 0.01% | |
| TWKS | C | 0.01% | |
| OLO | C | 0.01% | |
| LASR | B | 0.01% | |
| OSPN | B | 0.01% | |
| DAKT | B | 0.01% | |
| INDI | F | 0.01% | |
| CEVA | B | 0.01% |
FTEC Underweight 18 Positions Relative to CNEQ
FTEC: Top Represented Industries & Keywords
Industries:
Software - Application
Software - Infrastructure
Semiconductors
Information Technology Services
Semiconductor Equipment & Materials
Communication Equipment
Electronic Components
Scientific & Technical Instruments
Contract Manufacturers
Data Storage
Capital Markets
Computer Systems
Telecom Services
Business Services
Computer Distribution
Computer Hardware
Consumer Electronics
Diversified Industrials
Electronics Distribution
Internet Content & Information
Keywords:
Computing
S&P 500
Semiconductor
Nasdaq 100
Cloud Computing
Integrated Circuits
Telecommunications
Electronics
Aerospace
Software As A Service
Cloud Infrastructure
Software
Work From Home
Electronic Engineering
Information Technology Management
Systems Integrator
Electromagnetism
Ethernet
Electrical Engineering
Fabless Semiconductor Companies
CNEQ: Top Represented Industries & Keywords
Industries:
Semiconductors
Diagnostics & Research
Internet Content & Information
Software - Application
Specialty Retail
Aerospace & Defense
Auto Manufacturers
Capital Markets
Conglomerates
Consumer Electronics
Credit Services
Drug Manufacturers - Major
Health Care Plans
Media - Diversified
Medical Instruments & Supplies
Semiconductor Equipment & Materials
Semiconductor Memory
Software - Infrastructure
Utilities - Renewable
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