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CNEQvsAFGRETF Comparison

ETF 1

CNEQ

Alger Concentrated Equity ETF

This fund is part of

US Large Cap Growth

-0.26%

Full CNEQ fund page

VS

ETF 2

AFGR

First Trust Active Factor Large Cap Growth ETF

This fund is part of

US Large Cap Growth

-0.26%

Full AFGR fund page

Alger Concentrated Equity ETF (CNEQ) and First Trust Active Factor Large Cap Growth ETF (AFGR) belong to the same industry segment: US Large Cap Growth. CNEQ's top 3 sector exposures are Technology, Industrials and Consumer Non-Cyclicals. In contrast, AFGR's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. CNEQ is more expensive with a Total Expense Ratio (TER) of 1.62%, versus 0.65% for AFGR. CNEQ is up 9.47% year-to-date (YTD) with +$644M in YTD flows. AFGR performs worse with 0.34% YTD performance, and +$448K in YTD flows. Run a side-by-side ETF comparison of CNEQ and AFGR 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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CNEQ vs AFGR performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 07/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	CNEQ AFGR	-6.93%-0.01%	+2.18%+0.12%	+9.47%+0.34%	+22.00%+3.73%	n/a+60.91%	n/a+29.19%
Flows	CNEQ AFGR	+$243M+$2M	+$401M+$2M	+$644M+$448K	+$783M+$11M	-+$19M	--$66M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	CNEQ AFGR	+26.69%+16.84%	+24.18%+18.78%	n/a+21.50%	n/a+25.47%
Max drawdown	CNEQ AFGR	-9.96%-6.95%	-18.59%-19.91%	n/a-26.54%	n/a-45.91%
Max drawdown duration	CNEQ AFGR	36d53d	174d212d	n/a128d	n/a1055d

Trading data

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	CNEQ	AFGR
Last sale 7/27/2026 at 7:59 PM	$37.66	$35.57
Previous close 07/27/2026	$37.89	$35.49
Consolidated volume 07/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 7/27/2026 at 7:59 PM

Live

Closed

	CNEQ	AFGR
Last price	$37.66	$35.57
1D performance	-0.61%	+0.23%
AuM	$901.97 M	$90.63 M
E/R	1.62%	0.65%

Characteristics

	CNEQ	AFGR
Management strategy	Active	Active
Provider	Fred Alger Management	First Trust
Benchmark	-	-
N° of holdings	27	73
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	April 5, 2024	July 21, 2020
ESG	No	No

More CNEQ data on Trackinsight

More AFGR data on Trackinsight

Exposure

Countries

CNEQ

USA

73.22%

Other

26.78%

AFGR

USA

97.99%

Other

2.01%

Sectors

CNEQ

Technology

59.76%

Industrials

8.02%

Other

32.22%

AFGR

Technology

67.54%

Finance

9.12%

Other

23.34%

Diversification

CNEQ

Total weight of top 15 holdings out of 15

72.28%

AFGR

Total weight of top 15 holdings out of 15

56.44%

Top 15 holdings

Data as of June 30, 2026

CNEQ

NVIDIA Corp.

13.05%

Taiwan Semiconductor Manufacturing Co., Ltd.

6.11%

Microsoft Corp.

5.80%

Alphabet, Inc.

5.65%

Nebius Group NV

5.24%

Western Digital Corp.

5.20%

Apple, Inc.

4.42%

Amazon.com, Inc.

4.24%

Broadcom Inc.

4.16%

US84615Q1031

3.56%

Tesla, Inc.

3.16%

GE Vernova, Inc.

3.05%

QXO, Inc.

2.95%

Talen Energy Corp.

2.90%

Meta Platforms, Inc.

2.79%

AFGR

Alphabet, Inc.

11.73%

NVIDIA Corp.

9.62%

Apple, Inc.

4.19%

Microsoft Corp.

4.12%

Broadcom Inc.

3.79%

Meta Platforms, Inc.

3.67%

Amazon.com, Inc.

3.37%

Applied Materials, Inc.

2.68%

Johnson & Johnson

2.11%

Lam Research Corp.

2.07%

Visa, Inc.

1.99%

Mastercard, Inc.

1.86%

Palo Alto Networks, Inc.

1.81%

Eli Lilly & Co.

1.72%

Spotify Technology SA

1.71%

Frequently asked questions about CNEQ and AFGR

How have the CNEQ and AFGR ETFs performed in 2026?

As of July 27, 2026, CNEQ is up 9.47% year-to-date (YTD), while AFGR has returned 0.34%. That puts CNEQ better performer ahead so far this year.

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

Year-to-date, the CNEQ ETF saw +$644M in flows, compared to +$448K for AFGR.

Which ETF is more volatile: CNEQ or AFGR?

Over the past year, CNEQ had a volatility of 24.18%, while AFGR experienced 18.78%.

Which ETF is bigger: CNEQ or AFGR?

As of July 27, 2026, CNEQ holds $901.97 M in assets under management (AUM), while AFGR manages $90.63 M.

What sectors do the CNEQ and AFGR ETFs invest in?

CNEQ leans toward sectors like Technology and Industrials. Meanwhile, AFGR focuses on Technology and Finance.

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

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

CNEQvsAFGRETF Comparison

Alger Concentrated Equity ETF

First Trust Active Factor Large Cap Growth ETF

CNEQ vs AFGR 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 CNEQ and AFGR ETFs performed in 2026?

As of July 27, 2026, CNEQ is up 9.47% year-to-date (YTD), while AFGR has returned 0.34%. That puts CNEQ better performer ahead so far this year.

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

Year-to-date, the CNEQ ETF saw +$644M in flows, compared to +$448K for AFGR.

Which ETF is more volatile: CNEQ or AFGR?

Over the past year, CNEQ had a volatility of 24.18%, while AFGR experienced 18.78%.

Which ETF is bigger: CNEQ or AFGR?

As of July 27, 2026, CNEQ holds $901.97 M in assets under management (AUM), while AFGR manages $90.63 M.

What sectors do the CNEQ and AFGR ETFs invest in?

CNEQ leans toward sectors like Technology and Industrials. Meanwhile, AFGR focuses on Technology and Finance.

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

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

Which ETF is more diversified: CNEQ or AFGR?

CNEQ holds 27 securities with 72.28% of its assets in the top 15. AFGR has 73 securities and a top 15 weight of 56.44%.

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