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CNEQvsFAIETF Comparison

ETF 1

CNEQ

Alger Concentrated Equity ETF

This fund is part of

US Large Cap Growth

+0.85%

Full CNEQ fund page

VS

ETF 2

FAI

First Trust Bloomberg Artificial Intelligence ETF

This fund is part of

AI & Big Data

+0.81%

Full FAI fund page

Alger Concentrated Equity ETF (CNEQ) belongs to the US Large Cap Growth segment. First Trust Bloomberg Artificial Intelligence ETF (FAI) is part of the AI & Big Data segment. CNEQ's top 3 sector exposures are Technology, Industrials and Consumer Non-Cyclicals. In contrast, FAI's top sector exposures are Technology, Consumer Non-Cyclicals and Business Services. CNEQ is more expensive with a Total Expense Ratio (TER) of 1.62%, versus 0.65% for FAI. CNEQ is up 15.71% year-to-date (YTD) with +$2.44B in YTD flows. FAI performs better with 30.79% YTD performance, and +$137M in YTD flows. Run a side-by-side ETF comparison of CNEQ and FAI 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 FAI 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 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	CNEQ FAI	+0.05%-1.59%	+2.51%+6.44%	+15.71%+30.79%	+18.05%+39.31%	n/an/a	n/an/a
Flows	CNEQ FAI	+$1.73B+$16M	+$2.07B+$94M	+$2.44B+$137M	+$2.54B+$148M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	CNEQ FAI	+26.23%+31.21%	+24.51%+28.10%	n/an/a	n/an/a
Max drawdown	CNEQ FAI	-13.23%-14.79%	-18.59%-18.62%	n/an/a	n/an/a
Max drawdown duration	CNEQ FAI	82d55d	174d100d	n/an/a	n/an/a

Trading data

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	CNEQ	FAI
Last sale 9/11/2026 at 1:30 PM	$39.77	$54.39
Previous close 09/10/2026	$39.63	$53.76
Consolidated volume 09/10/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 14, 2026

1-year trailing difference

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CNEQ

is actively managed and doesn’t replicate an index

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	CNEQ	FAI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/11/2026 at 1:30 PM

Live

Closed

	CNEQ	FAI
Last price	$39.77	$54.39
1D performance	+0.35%	+1.18%
AuM	$2.75 B	$185.50 M
E/R	1.62%	0.65%

Characteristics

	CNEQ	FAI
Management strategy	Active	Passive
Provider	Fred Alger Management	First Trust
Benchmark	-	Bloomberg Artificial Intelligence Index
N° of holdings	27	50
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	April 5, 2024	November 20, 2024
ESG	No	No

More CNEQ data on Trackinsight

More FAI data on Trackinsight

Exposure

Countries

CNEQ

USA

77.6%

Other

22.4%

FAI

USA

85.63%

Other

14.37%

Sectors

CNEQ

Technology

62.26%

Industrials

7.33%

Consumer Non-Cycl.

7.24%

Other

23.17%

FAI

Technology

83.84%

Consumer Non-Cycl.

8.25%

Other

7.91%

Diversification

CNEQ

Total weight of top 15 holdings out of 15

73.21%

FAI

Total weight of top 15 holdings out of 15

77.12%

Top 15 holdings

Data as of July 31, 2026

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%

FAI

Microsoft Corp.

9.49%

NVIDIA Corp.

8.57%

Amazon.com, Inc.

8.25%

Broadcom Inc.

7.78%

Alphabet, Inc.

7.29%

Palantir Technologies, Inc.

5.18%

Oracle Corp.

3.90%

Micron Technology, Inc.

3.85%

Taiwan Semiconductor Manufacturing Co., Ltd.

3.74%

Meta Platforms, Inc.

3.61%

ASML Holding NV

3.60%

Advanced Micro Devices, Inc.

3.49%

Marvell Technology, Inc.

3.39%

SK hynix, Inc.

2.91%

ServiceNow, Inc.

2.07%

Frequently asked questions about CNEQ and FAI

How have the CNEQ and FAI ETFs performed in 2026?

As of September 11, 2026, CNEQ is up 15.71% year-to-date (YTD), while FAI has returned 30.79%. That puts FAI better performer ahead so far this year.

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

Year-to-date, the CNEQ ETF saw +$2.44B in flows, compared to +$137M for FAI.

Which ETF is more volatile: CNEQ or FAI?

Over the past year, CNEQ had a volatility of 24.51%, while FAI experienced 28.1%.

Which ETF is bigger: CNEQ or FAI?

As of September 11, 2026, CNEQ holds $2.75 B in assets under management (AUM), while FAI manages $185.50 M.

What sectors do the CNEQ and FAI ETFs invest in?

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

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

CNEQ top holdings include NVIDIA Corp., Microsoft Corp. and Alphabet, Inc.. FAI holds in its top three: Microsoft Corp., NVIDIA Corp. and Amazon.com, Inc..

Which ETF is more diversified: CNEQ or FAI?

CNEQ holds 27 securities with 73.21% of its assets in the top 15. FAI has 50 securities and a top 15 weight of 77.12%.

First Trust Launches New FAI ETF to Tap into Artificial Intelligence Growth

November 22, 2024

FAI

CNEQvsFAIETF Comparison

Alger Concentrated Equity ETF

First Trust Bloomberg Artificial Intelligence ETF

CNEQ vs FAI 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 FAI ETFs performed in 2026?

As of September 11, 2026, CNEQ is up 15.71% year-to-date (YTD), while FAI has returned 30.79%. That puts FAI better performer ahead so far this year.

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

Year-to-date, the CNEQ ETF saw +$2.44B in flows, compared to +$137M for FAI.

Which ETF is more volatile: CNEQ or FAI?

Over the past year, CNEQ had a volatility of 24.51%, while FAI experienced 28.1%.

Which ETF is bigger: CNEQ or FAI?

As of September 11, 2026, CNEQ holds $2.75 B in assets under management (AUM), while FAI manages $185.50 M.

What sectors do the CNEQ and FAI ETFs invest in?

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

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

CNEQ top holdings include NVIDIA Corp., Microsoft Corp. and Alphabet, Inc.. FAI holds in its top three: Microsoft Corp., NVIDIA Corp. and Amazon.com, Inc..

Which ETF is more diversified: CNEQ or FAI?

CNEQ holds 27 securities with 73.21% of its assets in the top 15. FAI has 50 securities and a top 15 weight of 77.12%.

First Trust Launches New FAI ETF to Tap into Artificial Intelligence Growth

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