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CNEQvsFFLGETF Comparison

ETF 1

CNEQ

Alger Concentrated Equity ETF

This fund is part of

US Large Cap Growth

+1.07%

Full CNEQ fund page

VS

ETF 2

FFLG

Fidelity Fundamental Large Cap Growth ETF

This fund is part of

Global Large Cap

+0.79%

Full FFLG fund page

Alger Concentrated Equity ETF (CNEQ) belongs to the US Large Cap Growth segment. Fidelity Fundamental Large Cap Growth ETF (FFLG) is part of the Global Large Cap segment. CNEQ's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Industrials. In contrast, FFLG's top sector exposures are Technology, Healthcare and Industrials. CNEQ is more expensive with a Total Expense Ratio (TER) of 1.62%, versus 0.38% for FFLG. CNEQ is up 12.7% year-to-date (YTD) with +$7.47B in YTD flows. FFLG performs worse with 9.08% YTD performance, and +$54M in YTD flows. Run a side-by-side ETF comparison of CNEQ and FFLG 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 FFLG 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 10/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	CNEQ FFLG	-4.47%-4.23%	+2.95%+3.13%	+12.70%+9.08%	+8.50%+7.32%	n/a+109.32%	n/a+50.64%
Flows	CNEQ FFLG	+$4.71B+$15M	+$6.85B+$30M	+$7.47B+$54M	+$7.52B+$57M	-+$196M	-+$327M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	CNEQ FFLG	+23.31%+20.36%	+24.85%+21.71%	n/a+22.54%	n/a+25.87%
Max drawdown	CNEQ FFLG	-10.30%-9.05%	-18.59%-14.24%	n/a-26.71%	n/a-45.40%
Max drawdown duration	CNEQ FFLG	21d21d	174d166d	n/a155d	n/a927d

Trading data

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	CNEQ	FFLG
Last sale 10/28/2026 at 1:30 PM	$39.05	$32.87
Previous close 10/27/2026	$38.66	$32.65
Consolidated volume 10/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 10/28/2026 at 1:30 PM

Live

Closed

	CNEQ	FFLG
Last price	$39.05	$32.87
1D performance	+1.01%	+0.67%
AuM	$7.65 B	$623.60 M
E/R	1.62%	0.38%

Characteristics

	CNEQ	FFLG
Management strategy	Active	Active
Provider	Fred Alger Management	Fidelity
Benchmark	-	-
N° of holdings	27	98
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	April 5, 2024	February 4, 2021
ESG	No	No

More CNEQ data on Trackinsight

More FFLG data on Trackinsight

Exposure

Countries

CNEQ

USA

78.23%

Other

21.77%

FFLG

USA

93.56%

Other

6.44%

Sectors

CNEQ

Technology

62.51%

Consumer Non-Cycl.

7.46%

Other

30.04%

FFLG

Technology

67.74%

Healthcare

7.71%

Other

24.55%

Diversification

CNEQ

Total weight of top 15 holdings out of 15

73.48%

FFLG

Total weight of top 15 holdings out of 15

64.34%

Top 15 holdings

Data as of August 31, 2026

CNEQ

NVIDIA Corp.

14.60%

Microsoft Corp.

8.32%

Alphabet, Inc.

5.87%

Taiwan Semiconductor Manufacturing Co., Ltd.

5.50%

Apple, Inc.

5.05%

Broadcom Inc.

4.62%

Amazon.com, Inc.

4.58%

Nebius Group NV

4.24%

Western Digital Corp.

4.11%

Micron Technology, Inc.

3.06%

Meta Platforms, Inc.

2.96%

Sea Ltd. (Singapore)

2.88%

Tesla, Inc.

2.69%

Talen Energy Corp.

2.59%

GE Vernova, Inc.

2.41%

FFLG

NVIDIA Corp.

17.74%

Alphabet, Inc.

11.96%

Apple, Inc.

7.04%

Microsoft Corp.

3.94%

Micron Technology, Inc.

3.35%

Eli Lilly & Co.

3.34%

Broadcom Inc.

3.15%

Amazon.com, Inc.

3.07%

Meta Platforms, Inc.

2.79%

Taiwan Semiconductor Manufacturing Co., Ltd.

2.07%

Mastercard, Inc.

1.33%

Advanced Micro Devices, Inc.

1.32%

Tesla, Inc.

1.16%

Sandisk Corp.

1.10%

Marvell Technology, Inc.

0.99%

Frequently asked questions about CNEQ and FFLG

CNEQvsFFLGETF Comparison

Alger Concentrated Equity ETF

Fidelity Fundamental Large Cap Growth ETF

CNEQ vs FFLG performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the CNEQ and FFLG ETFs performed in 2026?

As of October 27, 2026, CNEQ is up 12.7% year-to-date (YTD), while FFLG has returned 9.08%. That puts CNEQ better performer ahead so far this year.

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

Year-to-date, the CNEQ ETF saw +$7.47B in flows, compared to +$54M for FFLG.

Which ETF is more volatile: CNEQ or FFLG?

Over the past year, CNEQ had a volatility of 24.85%, while FFLG experienced 21.71%.

Which ETF is bigger: CNEQ or FFLG?

As of October 27, 2026, CNEQ holds $7.65 B in assets under management (AUM), while FFLG manages $623.60 M.

What sectors do the CNEQ and FFLG ETFs invest in?

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

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

CNEQ top holdings include NVIDIA Corp., Microsoft Corp. and Alphabet, Inc.. FFLG holds in its top three: NVIDIA Corp., Alphabet, Inc. and Apple, Inc..

Which ETF is more diversified: CNEQ or FFLG?

CNEQ holds 27 securities with 73.48% of its assets in the top 15. FFLG has 99 securities and a top 15 weight of 64.34%.

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