CNEQvsIVESETF Comparison
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Alger Concentrated Equity ETF (CNEQ) belongs to the US Large Cap Growth segment. Dan IVES Wedbush AI Revolution ETF (IVES) is part of the AI & Big Data segment. CNEQ's top 3 sector exposures are Technology, Industrials and Consumer Non-Cyclicals. In contrast, IVES's top sector exposures are Technology, Consumer Cyclicals and Consumer Non-Cyclicals. CNEQ is more expensive with a Total Expense Ratio (TER) of 1.62%, versus 0.75% for IVES. CNEQ is up 5.51% year-to-date (YTD) with +$655M in YTD flows. IVES performs better with 7.45% YTD performance, and -$104M in YTD flows. Run a side-by-side ETF comparison of CNEQ and IVES 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 IVES 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 IVES | -10.30%-9.10% | +0.14%+3.52% | +5.51%+7.45% | +18.57%+21.03% | n/an/a | n/an/a |
| Flows | CNEQ IVES | +$254M-$56M | +$409M-$97M | +$655M-$104M | +$793M+$403M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CNEQ IVES | +27.09%+30.24% | +24.29%+27.49% | n/an/a | n/an/a |
| Max drawdown | CNEQ IVES | -13.23%-18.62% | -18.59%-22.54% | n/an/a | n/an/a |
| Max drawdown duration | CNEQ IVES | 38d58d | 174d188d | n/an/a | n/an/a |
Trading data
CNEQ | IVES | |
Last sale 7/29/2026 at 1:30 PM | $36.34 | $33.97 |
| Previous close 07/29/2026 | $37.54 | $34.61 |
| Consolidated volume 07/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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CNEQ
is actively managed and doesn’t replicate an indexCNEQ | IVES | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
CNEQ | IVES | |
|---|---|---|
| Last price | $36.34 | $33.97 |
| 1D performance | -3.20% | -1.85% |
| AuM | $880.15 M | $937.18 M |
| E/R | 1.62% | 0.75% |
Characteristics
CNEQ | IVES | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Fred Alger Management | Wedbush Funds |
| Benchmark | - | Solactive Wedbush Artificial Intelligence Index |
| N° of holdings | 27 | 30 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 5, 2024 | June 4, 2025 |
| ESG | No | No |
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Exposure
Countries
CNEQ
USA
73.22%
Other
26.78%
IVES
USA
90.55%
Other
9.45%
Sectors
CNEQ
Technology
59.76%
Industrials
8.02%
Other
32.22%
IVES
Technology
79.92%
Other
20.08%
Diversification
CNEQ
Total weight of top 15 holdings out of 15
72.28%
IVES
Total weight of top 15 holdings out of 15
68.66%
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%
IVES
Micron Technology, Inc.
5.34%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.25%
Advanced Micro Devices, Inc.
5.11%
Apple, Inc.
4.78%
Tesla, Inc.
4.71%
NVIDIA Corp.
4.71%
Amazon.com, Inc.
4.67%
Alphabet, Inc.
4.62%
Broadcom Inc.
4.57%
Meta Platforms, Inc.
4.53%
Microsoft Corp.
4.50%
GE Vernova, Inc.
4.42%
Palo Alto Networks, Inc.
4.19%
International Business Machines Corp.
3.67%
CrowdStrike Holdings, Inc.
3.57%
Frequently asked questions about CNEQ and IVES
How have the CNEQ and IVES ETFs performed in 2026?
As of July 29, 2026, CNEQ is up 5.51% year-to-date (YTD), while IVES has returned 7.45%. That puts IVES better performer ahead so far this year.
Which ETF is attracting more investor money: CNEQ or IVES?
Year-to-date, the CNEQ ETF saw +$655M in flows, compared to -$104M for IVES.
Which ETF is more volatile: CNEQ or IVES?
Over the past year, CNEQ had a volatility of 24.29%, while IVES experienced 27.49%.
Which ETF is bigger: CNEQ or IVES?
As of July 29, 2026, CNEQ holds $880.15 M in assets under management (AUM), while IVES manages $937.18 M.
What sectors do the CNEQ and IVES ETFs invest in?
CNEQ leans toward sectors like Technology and Industrials. Meanwhile, IVES focuses on Technology.
What are the top holdings of the CNEQ ETF and IVES ETF?
CNEQ top holdings include NVIDIA Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Microsoft Corp.. IVES holds in its top three: Micron Technology, Inc., Taiwan Semiconductor Manufacturing Co., Ltd. and Advanced Micro Devices, Inc..
Which ETF is more diversified: CNEQ or IVES?
CNEQ holds 27 securities with 72.28% of its assets in the top 15. IVES has 30 securities and a top 15 weight of 68.66%.
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