MGK vs. CNEQ ETF Comparison
Comparison of Vanguard Mega Cap Growth ETF (MGK) to Alger Concentrated Equity ETF (CNEQ)
MGK
Vanguard Mega Cap Growth ETF
MGK Description
The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mega Cap Growth Index, which represents the growth companies of the CRSP US Mega Cap Index. The index is a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization growth stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.
Grade (RS Rating)
Last Trade
$338.99
Average Daily Volume
351,138
70
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
25
Performance
| Period | MGK | CNEQ |
|---|---|---|
| 30 Days | 5.01% | 7.23% |
| 60 Days | 13.64% | 22.20% |
| 90 Days | 14.21% | 22.27% |
| 12 Months | 42.03% |
14 Overlapping Holdings
| Symbol | Grade | Weight in MGK | Weight in CNEQ | Overlap | |
|---|---|---|---|---|---|
| AAPL | B | 13.71% | 8.58% | 8.58% | |
| AMZN | A | 6.78% | 8.1% | 6.78% | |
| AVGO | B | 1.85% | 3.17% | 1.85% | |
| CDNS | B | 0.43% | 1.9% | 0.43% | |
| GOOG | B | 2.21% | 1.98% | 1.98% | |
| ISRG | A | 0.86% | 2.19% | 0.86% | |
| LLY | F | 3.39% | 2.28% | 2.28% | |
| META | B | 4.88% | 6.47% | 4.88% | |
| MSFT | C | 13.01% | 13.34% | 13.01% | |
| NFLX | A | 1.43% | 2.0% | 1.43% | |
| NVDA | A | 11.4% | 13.04% | 11.4% | |
| SPGI | D | 0.82% | 2.14% | 0.82% | |
| TSLA | A | 3.2% | 1.1% | 1.1% | |
| V | A | 2.1% | 2.15% | 2.1% |
MGK Overweight 56 Positions Relative to CNEQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOGL | B | 2.68% | |
| MA | B | 1.87% | |
| COST | B | 1.81% | |
| AMD | F | 1.26% | |
| CRM | B | 1.2% | |
| ADBE | F | 1.1% | |
| MCD | D | 1.06% | |
| TXN | A | 0.93% | |
| NOW | A | 0.9% | |
| AMAT | D | 0.83% | |
| INTU | A | 0.82% | |
| UBER | D | 0.76% | |
| BKNG | B | 0.72% | |
| TJX | C | 0.68% | |
| BSX | B | 0.64% | |
| VRTX | B | 0.63% | |
| LIN | D | 0.6% | |
| PANW | A | 0.59% | |
| SBUX | C | 0.59% | |
| ACN | B | 0.59% | |
| AMT | F | 0.58% | |
| KLAC | F | 0.56% | |
| TMUS | B | 0.53% | |
| ANET | A | 0.52% | |
| BA | F | 0.51% | |
| DIS | C | 0.49% | |
| SHW | C | 0.48% | |
| EQIX | B | 0.47% | |
| CMG | C | 0.45% | |
| ZTS | F | 0.45% | |
| SNPS | B | 0.44% | |
| MCO | D | 0.42% | |
| ORLY | B | 0.4% | |
| ECL | D | 0.39% | |
| CRWD | C | 0.38% | |
| ADSK | A | 0.37% | |
| SYK | B | 0.37% | |
| ADP | A | 0.35% | |
| MAR | A | 0.35% | |
| NKE | F | 0.34% | |
| BX | A | 0.34% | |
| WDAY | C | 0.33% | |
| ABNB | C | 0.32% | |
| ROST | F | 0.32% | |
| AON | B | 0.26% | |
| MNST | B | 0.26% | |
| MRVL | A | 0.24% | |
| HLT | B | 0.23% | |
| AZO | C | 0.23% | |
| SLB | D | 0.23% | |
| FTNT | A | 0.21% | |
| PAYX | A | 0.2% | |
| GEV | A | 0.19% | |
| EW | F | 0.19% | |
| SNOW | C | 0.18% | |
| EL | F | 0.15% |
MGK: Top Represented Industries & Keywords
CNEQ: Top Represented Industries & Keywords
Compare ETFs
