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ALAIvsCNEQETF Comparison

ETF 1

ALAI

Alger AI Enablers & Adopters ETF

This fund is part of

AI & Big Data

-1.52%

Full ALAI fund page

VS

ETF 2

CNEQ

Alger Concentrated Equity ETF

This fund is part of

US Large Cap Growth

-0.57%

Full CNEQ fund page

Alger AI Enablers & Adopters ETF (ALAI) belongs to the AI & Big Data segment. Alger Concentrated Equity ETF (CNEQ) is part of the US Large Cap Growth segment. ALAI's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Finance. In contrast, CNEQ's top sector exposures are Technology, Industrials and Consumer Non-Cyclicals. ALAI is more expensive with a Total Expense Ratio (TER) of 1.68%, versus 1.62% for CNEQ. ALAI is up 22.25% year-to-date (YTD) with +$890M in YTD flows. CNEQ performs worse with 13.67% YTD performance, and +$2.57B in YTD flows. Run a side-by-side ETF comparison of ALAI and CNEQ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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ALAI vs CNEQ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/14/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ALAI CNEQ	-4.27%-4.48%	-3.53%-4.78%	+22.25%+13.67%	+22.74%+14.34%	n/an/a	n/an/a
Flows	ALAI CNEQ	+$751M+$1.84B	+$821M+$2.21B	+$890M+$2.57B	+$1.01B+$2.67B	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ALAI CNEQ	+26.90%+24.59%	+25.95%+24.60%	n/an/a	n/an/a
Max drawdown	ALAI CNEQ	-13.47%-13.23%	-18.30%-18.59%	n/an/a	n/an/a
Max drawdown duration	ALAI CNEQ	85d85d	169d174d	n/an/a	n/an/a

Trading data

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	ALAI	CNEQ
Last sale 9/15/2026 at 1:30 PM	$43.86	$38.65
Previous close 09/14/2026	$44.21	$39.09
Consolidated volume 09/14/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 9/15/2026 at 1:30 PM

Live

Closed

	ALAI	CNEQ
Last price	$43.86	$38.65
1D performance	-0.79%	-1.13%
AuM	$1.24 B	$2.84 B
E/R	1.68%	1.62%

Characteristics

	ALAI	CNEQ
Management strategy	Active	Active
Provider	Fred Alger Management	Fred Alger Management
Benchmark	-	-
N° of holdings	62	27
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	April 5, 2024	April 5, 2024
ESG	No	No

More ALAI data on Trackinsight

More CNEQ data on Trackinsight

Exposure

Countries

ALAI

USA

70.26%

Other

29.74%

CNEQ

USA

77.6%

Other

22.4%

Sectors

ALAI

Technology

63.35%

Consumer Non-Cycl.

8.24%

Other

28.41%

CNEQ

Technology

62.26%

Industrials

7.33%

Consumer Non-Cycl.

7.24%

Other

23.17%

Diversification

ALAI

Total weight of top 15 holdings out of 15

59.46%

CNEQ

Total weight of top 15 holdings out of 15

73.21%

Top 15 holdings

Data as of July 31, 2026

ALAI

NVIDIA Corp.

13.20%

Microsoft Corp.

6.59%

Taiwan Semiconductor Manufacturing Co., Ltd.

5.59%

Amazon.com, Inc.

5.23%

Western Digital Corp.

4.17%

Alphabet, Inc.

4.15%

Meta Platforms, Inc.

3.50%

Nebius Group NV

3.37%

Seagate Technology Holdings Plc

2.69%

Apple, Inc.

2.22%

SK hynix, Inc.

1.94%

Snowflake, Inc.

1.79%

Talen Energy Corp.

1.75%

Micron Technology, Inc.

1.64%

Forgent Power Solutions, Inc.

1.62%

CNEQ

NVIDIA Corp.

13.78%

Microsoft Corp.

7.72%

Alphabet, Inc.

6.11%

Taiwan Semiconductor Manufacturing Co., Ltd.

5.52%

Apple, Inc.

5.05%

Broadcom Inc.

5.04%

Western Digital Corp.

4.85%

Amazon.com, Inc.

4.58%

Nebius Group NV

4.02%

Meta Platforms, Inc.

3.10%

Talen Energy Corp.

3.05%

GE Vernova, Inc.

2.74%

Sea Ltd. (Singapore)

2.66%

Micron Technology, Inc.

2.51%

Tesla, Inc.

2.50%

Frequently asked questions about ALAI and CNEQ

How have the ALAI and CNEQ ETFs performed in 2026?

As of September 14, 2026, ALAI is up 22.25% year-to-date (YTD), while CNEQ has returned 13.67%. That puts ALAI better performer ahead so far this year.

Which ETF is attracting more investor money: ALAI or CNEQ?

Year-to-date, the ALAI ETF saw +$890M in flows, compared to +$2.57B for CNEQ.

Which ETF is more volatile: ALAI or CNEQ?

Over the past year, ALAI had a volatility of 25.95%, while CNEQ experienced 24.6%.

Which ETF is bigger: ALAI or CNEQ?

As of September 14, 2026, ALAI holds $1.24 B in assets under management (AUM), while CNEQ manages $2.84 B.

What sectors do the ALAI and CNEQ ETFs invest in?

ALAI leans toward sectors like Technology and Consumer Non-Cyclicals. Meanwhile, CNEQ focuses on Technology, Industrials and Consumer Non-Cyclicals.

What are the top holdings of the ALAI ETF and CNEQ ETF?

ALAI top holdings include NVIDIA Corp., Microsoft Corp. and Taiwan Semiconductor Manufacturing Co., Ltd.. CNEQ holds in its top three: NVIDIA Corp., Microsoft Corp. and Alphabet, Inc..

ALAIvsCNEQETF Comparison

Alger AI Enablers & Adopters ETF

Alger Concentrated Equity ETF

ALAI vs CNEQ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the ALAI and CNEQ ETFs performed in 2026?

As of September 14, 2026, ALAI is up 22.25% year-to-date (YTD), while CNEQ has returned 13.67%. That puts ALAI better performer ahead so far this year.

Which ETF is attracting more investor money: ALAI or CNEQ?

Year-to-date, the ALAI ETF saw +$890M in flows, compared to +$2.57B for CNEQ.

Which ETF is more volatile: ALAI or CNEQ?

Over the past year, ALAI had a volatility of 25.95%, while CNEQ experienced 24.6%.

Which ETF is bigger: ALAI or CNEQ?

As of September 14, 2026, ALAI holds $1.24 B in assets under management (AUM), while CNEQ manages $2.84 B.

What sectors do the ALAI and CNEQ ETFs invest in?

ALAI leans toward sectors like Technology and Consumer Non-Cyclicals. Meanwhile, CNEQ focuses on Technology, Industrials and Consumer Non-Cyclicals.

What are the top holdings of the ALAI ETF and CNEQ ETF?

ALAI top holdings include NVIDIA Corp., Microsoft Corp. and Taiwan Semiconductor Manufacturing Co., Ltd.. CNEQ holds in its top three: NVIDIA Corp., Microsoft Corp. and Alphabet, Inc..

Which ETF is more diversified: ALAI or CNEQ?

ALAI holds 63 securities with 59.46% of its assets in the top 15. CNEQ has 27 securities and a top 15 weight of 73.21%.

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