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CNEQvsIWYETF Comparison

ETF 1

CNEQ

Alger Concentrated Equity ETF

This fund is part of

US Large Cap Growth

-0.94%

Full CNEQ fund page

VS

ETF 2

IWY

iShares Russell Top 200 Growth ETF

This fund is part of

US Large Cap Growth

-0.94%

Full IWY fund page

Alger Concentrated Equity ETF (CNEQ) and iShares Russell Top 200 Growth ETF (IWY) belong to the same industry segment: US Large Cap Growth. CNEQ's top 3 sector exposures are Information Technology, Consumer Discretionary and Communication Services. In contrast, IWY's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. CNEQ is more expensive with a Total Expense Ratio (TER) of 1.62%, versus 0.2% for IWY. CNEQ is up 19.25% year-to-date (YTD) with +$375M in YTD flows. IWY performs worse with 4.57% YTD performance, and -$112M in YTD flows. Run a side-by-side ETF comparison of CNEQ and IWY 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 IWY 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 06/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	CNEQ IWY	+6.72%-0.81%	+24.97%+11.78%	+19.25%+4.57%	+45.33%+21.80%	n/a+86.94%	n/a+105.49%
Flows	CNEQ IWY	+$70M-$229M	+$232M-$262M	+$375M-$112M	+$538M+$399M	-+$2.78B	-+$5.46B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	CNEQ IWY	+27.48%+19.63%	+23.16%+16.24%	n/a+19.55%	n/a+21.68%
Max drawdown	CNEQ IWY	-9.58%-7.36%	-18.59%-16.56%	n/a-23.25%	n/a-32.74%
Max drawdown duration	CNEQ IWY	22d22d	174d190d	n/a192d	n/a715d

Trading data

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	CNEQ	IWY
Last sale 6/16/2026 at 1:30 PM	$41.28	$289.04
Previous close 06/16/2026	$41.07	$291.40
Consolidated volume 06/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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CNEQ

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 6/16/2026 at 1:30 PM

Live

Closed

	CNEQ	IWY
Last price	$41.28	$289.04
1D performance	+0.51%	-0.81%
AuM	$703.14 M	$16.81 B
E/R	1.62%	0.2%

Characteristics

	CNEQ	IWY
Management strategy	Active	Passive
Provider	Fred Alger Management	iShares
Benchmark	-	Russell Top 200 Growth Index
N° of holdings	19	105
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 5, 2024	September 22, 2009
ESG	No	No

More CNEQ data on Trackinsight

More IWY data on Trackinsight

Exposure

Countries

CNEQ

USA

73.98%

Other

26.02%

IWY

USA

98.84%

Other

1.16%

Sectors

CNEQ

Information Techn.

34.71%

Consumer Discreti.

10.78%

Communication Ser.

10.46%

Other

44.05%

IWY

Information Techn.

56.27%

Communication Ser.

13.52%

Consumer Discreti.

11.35%

Other

18.86%

Diversification

CNEQ

Total weight of top 15 holdings out of 15

70.22%

IWY

Total weight of top 15 holdings out of 15

73.3%

Top 15 holdings

Data as of April 30, 2026

CNEQ

NVIDIA

15.61%

MICROSOFT-T

8.09%

AMAZON.COM INC

7.08%

ALPHABET INC-CL

5.99%

US8740391003

5.76%

APPLE

4.46%

WESTERN DIGITAL

4.06%

META PLATFORMS

3.76%

TESLA

3.03%

US36828A1016

2.70%

APPLOVIN

2.49%

GFL ENVIRONMENTAL INC

2.17%

HEICO

1.83%

US81141R1005

1.67%

INTUITIVE SURGICAL

1.52%

IWY

NVIDIA

14.92%

APPLE

12.52%

MICROSOFT-T

9.74%

BROADCOM LIMITED

5.19%

AMAZON.COM INC

5.06%

ALPHABET INC-CL

4.70%

ALPHABET INC-CL

3.80%

META PLATFORMS

3.26%

TESLA

3.23%

LILLY

2.61%

VISA INCORPORATION

2.11%

COSTCO WHOLESALE

1.71%

MASTERCARD

1.53%

NETFLIX

1.50%

ABBVIE

1.42%

Frequently asked questions about CNEQ and IWY

How have the CNEQ and IWY ETFs performed in 2026?

As of June 16, 2026, CNEQ is up 19.25% year-to-date (YTD), while IWY has returned 4.57%. That puts CNEQ better performer ahead so far this year.

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

Year-to-date, the CNEQ ETF saw +$375M in flows, compared to -$112M for IWY.

Which ETF is more volatile: CNEQ or IWY?

Over the past year, CNEQ had a volatility of 23.16%, while IWY experienced 16.24%.

Which ETF is bigger: CNEQ or IWY?

As of June 16, 2026, CNEQ holds $703.14 M in assets under management (AUM), while IWY manages $16.81 B.

What sectors do the CNEQ and IWY ETFs invest in?

CNEQ leans toward sectors like Information Technology, Consumer Discretionary and Communication Services. Meanwhile, IWY focuses on Information Technology, Communication Services and Consumer Discretionary.

CNEQvsIWYETF Comparison

Alger Concentrated Equity ETF

iShares Russell Top 200 Growth ETF

CNEQ vs IWY 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 IWY ETFs performed in 2026?

As of June 16, 2026, CNEQ is up 19.25% year-to-date (YTD), while IWY has returned 4.57%. That puts CNEQ better performer ahead so far this year.

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

Year-to-date, the CNEQ ETF saw +$375M in flows, compared to -$112M for IWY.

Which ETF is more volatile: CNEQ or IWY?

Over the past year, CNEQ had a volatility of 23.16%, while IWY experienced 16.24%.

Which ETF is bigger: CNEQ or IWY?

As of June 16, 2026, CNEQ holds $703.14 M in assets under management (AUM), while IWY manages $16.81 B.

What sectors do the CNEQ and IWY ETFs invest in?

CNEQ leans toward sectors like Information Technology, Consumer Discretionary and Communication Services. Meanwhile, IWY focuses on Information Technology, Communication Services and Consumer Discretionary.

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

CNEQ top holdings include NVIDIA, MICROSOFT-T and AMAZON.COM INC. IWY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: CNEQ or IWY?

CNEQ holds 21 securities with 70.22% of its assets in the top 15. IWY has 111 securities and a top 15 weight of 73.3%.

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up