CNEQvsFELGETF Comparison
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Alger Concentrated Equity ETF (CNEQ) and Fidelity Enhanced Large Cap Growth ETF (FELG) 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, FELG's top sector exposures are Technology, Industrials and Healthcare. CNEQ is more expensive with a Total Expense Ratio (TER) of 1.62%, versus 0.18% for FELG. CNEQ is up 5.51% year-to-date (YTD) with +$655M in YTD flows. FELG performs worse with 0.38% YTD performance, and +$600M in YTD flows. Run a side-by-side ETF comparison of CNEQ and FELG 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 FELG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CNEQ FELG | -10.30%-3.03% | +0.14%-0.40% | +5.51%+0.38% | +18.57%+9.61% | n/an/a | n/an/a |
| Flows | CNEQ FELG | +$254M-$435M | +$409M+$97M | +$655M+$600M | +$793M+$1.08B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CNEQ FELG | +27.09%+18.04% | +24.29%+17.01% | n/an/a | n/an/a |
| Max drawdown | CNEQ FELG | -13.23%-8.02% | -18.59%-16.12% | n/an/a | n/an/a |
| Max drawdown duration | CNEQ FELG | 38d57d | 174d188d | n/an/a | n/an/a |
Trading data
CNEQ | FELG | |
Last sale 7/30/2026 at 1:30 PM | $37.18 | $41.99 |
| Previous close 07/29/2026 | $36.34 | $40.97 |
| Consolidated volume 07/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/30/2026 at 1:30 PM
Live
Closed
CNEQ | FELG | |
|---|---|---|
| Last price | $37.18 | $41.99 |
| 1D performance | +2.31% | +2.49% |
| AuM | $880.15 M | $5.38 B |
| E/R | 1.62% | 0.18% |
Characteristics
CNEQ | FELG | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Fred Alger Management | Fidelity |
| Benchmark | - | - |
| N° of holdings | 27 | 115 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 5, 2024 | November 20, 2023 |
| ESG | No | No |
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Exposure
Countries
CNEQ
USA
73.22%
Other
26.78%
FELG
USA
98.88%
Other
1.12%
Sectors
CNEQ
Technology
59.76%
Industrials
8.02%
Other
32.22%
FELG
Technology
66.87%
Industrials
9.82%
Other
23.31%
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Diversification
CNEQ
Total weight of top 15 holdings out of 15
72.28%
FELG
Total weight of top 15 holdings out of 15
66.33%
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%
FELG
NVIDIA Corp.
14.49%
Apple, Inc.
8.52%
Alphabet, Inc.
7.14%
Broadcom Inc.
6.02%
Microsoft Corp.
5.75%
Alphabet, Inc.
3.64%
Meta Platforms, Inc.
3.63%
Tesla, Inc.
3.63%
Eli Lilly & Co.
2.90%
Lam Research Corp.
2.22%
Mastercard, Inc.
1.98%
GE Aerospace
1.93%
Amazon.com, Inc.
1.74%
Visa, Inc.
1.38%
Amphenol Corp.
1.34%
Frequently asked questions about CNEQ and FELG
How have the CNEQ and FELG ETFs performed in 2026?
As of July 29, 2026, CNEQ is up 5.51% year-to-date (YTD), while FELG has returned 0.38%. That puts CNEQ better performer ahead so far this year.
Which ETF is attracting more investor money: CNEQ or FELG?
Year-to-date, the CNEQ ETF saw +$655M in flows, compared to +$600M for FELG.
Which ETF is more volatile: CNEQ or FELG?
Over the past year, CNEQ had a volatility of 24.29%, while FELG experienced 17.01%.
Which ETF is bigger: CNEQ or FELG?
As of July 29, 2026, CNEQ holds $880.15 M in assets under management (AUM), while FELG manages $5.38 B.
What sectors do the CNEQ and FELG ETFs invest in?
CNEQ leans toward sectors like Technology and Industrials. Meanwhile, FELG focuses on Technology and Industrials.
What are the top holdings of the CNEQ ETF and FELG ETF?
CNEQ top holdings include NVIDIA Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Microsoft Corp.. FELG holds in its top three: NVIDIA Corp., Apple, Inc. and Alphabet, Inc..
Which ETF is more diversified: CNEQ or FELG?
CNEQ holds 27 securities with 72.28% of its assets in the top 15. FELG has 116 securities and a top 15 weight of 66.33%.
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Latest news about CNEQ & FELG
Key Takeaways from the 2024 Trackinsight Global ETF Survey: Active ETFs
February 16, 2024
FELG
Fidelity Continues Trend of Mutual Fund Conversions to ETFs
November 27, 2023
FELG
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