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CNEQvsFFLGETF 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

FFLG

Fidelity Fundamental Large Cap Growth ETF

This fund is part of

Global Large Cap

+0.68%

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, Industrials and Consumer Non-Cyclicals. 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 15.71% year-to-date (YTD) with +$2.44B in YTD flows. FFLG performs worse with 10.72% YTD performance, and +$38M 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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Data Services

Historic performance and flows

Data as of 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	CNEQ FFLG	+0.05%-0.17%	+2.51%-0.91%	+15.71%+10.72%	+18.05%+14.22%	n/a+92.07%	n/a+52.50%
Flows	CNEQ FFLG	+$1.73B+$5M	+$2.07B-$32M	+$2.44B+$38M	+$2.54B+$47M	-+$181M	-+$315M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	CNEQ FFLG	+26.23%+23.10%	+24.51%+21.26%	n/a+22.54%	n/a+25.84%
Max drawdown	CNEQ FFLG	-13.23%-11.42%	-18.59%-14.24%	n/a-26.71%	n/a-45.40%
Max drawdown duration	CNEQ FFLG	82d73d	174d166d	n/a155d	n/a927d

Trading data

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	CNEQ	FFLG
Last sale 9/11/2026 at 1:30 PM	$39.77	$33.13
Previous close 09/10/2026	$39.63	$32.82
Consolidated volume 09/10/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

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

Live

Closed

	CNEQ	FFLG
Last price	$39.77	$33.13
1D performance	+0.35%	+0.94%
AuM	$2.75 B	$617.48 M
E/R	1.62%	0.38%

Characteristics

	CNEQ	FFLG
Management strategy	Active	Active
Provider	Fred Alger Management	Fidelity
Benchmark	-	-
N° of holdings	27	94
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

77.6%

Other

22.4%

FFLG

USA

93.37%

Other

6.63%

Sectors

CNEQ

Technology

62.26%

Industrials

7.33%

Consumer Non-Cycl.

7.24%

Other

23.17%

FFLG

Technology

66.57%

Healthcare

8.06%

Industrials

7.38%

Other

17.99%

Diversification

CNEQ

Total weight of top 15 holdings out of 15

73.21%

FFLG

Total weight of top 15 holdings out of 15

62.86%

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%

FFLG

NVIDIA Corp.

16.86%

Alphabet, Inc.

12.44%

Apple, Inc.

6.77%

Eli Lilly & Co.

3.73%

Micron Technology, Inc.

3.38%

Broadcom Inc.

3.29%

Meta Platforms, Inc.

3.07%

Microsoft Corp.

2.97%

Amazon.com, Inc.

2.54%

Taiwan Semiconductor Manufacturing Co., Ltd.

2.08%

Tesla, Inc.

1.22%

Advanced Micro Devices, Inc.

1.21%

Mastercard, Inc.

1.19%

The Boeing Co.

1.06%

Applovin Corp.

1.05%

Frequently asked questions about CNEQ and FFLG

How have the CNEQ and FFLG ETFs performed in 2026?

As of September 11, 2026, CNEQ is up 15.71% year-to-date (YTD), while FFLG has returned 10.72%. That puts CNEQ better performer ahead so far this year.

CNEQvsFFLGETF Comparison

Alger Concentrated Equity ETF

Fidelity Fundamental Large Cap Growth ETF

CNEQ vs FFLG 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 FFLG ETFs performed in 2026?

As of September 11, 2026, CNEQ is up 15.71% year-to-date (YTD), while FFLG has returned 10.72%. 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 +$2.44B in flows, compared to +$38M for FFLG.

Which ETF is more volatile: CNEQ or FFLG?

Over the past year, CNEQ had a volatility of 24.51%, while FFLG experienced 21.26%.

Which ETF is bigger: CNEQ or FFLG?

As of September 11, 2026, CNEQ holds $2.75 B in assets under management (AUM), while FFLG manages $617.48 M.

What sectors do the CNEQ and FFLG ETFs invest in?

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

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 73.21% of its assets in the top 15. FFLG has 95 securities and a top 15 weight of 62.86%.

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