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FAIvsCNEQETF Comparison

ETF 1

FAI

First Trust Bloomberg Artificial Intelligence ETF

This fund is part of

AI & Big Data

+1.64%

Full FAI fund page

VS

ETF 2

CNEQ

Alger Concentrated Equity ETF

This fund is part of

US Large Cap Growth

+0.44%

Full CNEQ fund page

First Trust Bloomberg Artificial Intelligence ETF (FAI) belongs to the AI & Big Data segment. Alger Concentrated Equity ETF (CNEQ) is part of the US Large Cap Growth segment. FAI's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Business Services. In contrast, CNEQ's top sector exposures are Technology, Consumer Non-Cyclicals and Industrials. FAI is less expensive with a Total Expense Ratio (TER) of 0.65%, versus 1.62% for CNEQ. FAI is up 35.13% year-to-date (YTD) with +$214M in YTD flows. CNEQ performs worse with 13.52% YTD performance, and +$7.47B in YTD flows. Run a side-by-side ETF comparison of FAI and CNEQ 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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FAI vs CNEQ 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 10/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FAI CNEQ	-0.75%-3.78%	+16.05%+4.84%	+35.13%+13.52%	+28.41%+8.41%	n/an/a	n/an/a
Flows	FAI CNEQ	+$74M+$4.71B	+$93M+$6.83B	+$214M+$7.47B	+$219M+$7.52B	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FAI CNEQ	+26.88%+23.23%	+28.55%+24.85%	n/an/a	n/an/a
Max drawdown	FAI CNEQ	-9.98%-10.30%	-18.62%-18.59%	n/an/a	n/an/a
Max drawdown duration	FAI CNEQ	22d22d	121d174d	n/an/a	n/an/a

Trading data

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	FAI	CNEQ
Last sale 10/29/2026 at 1:30 PM	$53.71	$38.59
Previous close 10/28/2026	$55.72	$39.05
Consolidated volume 10/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 30, 2026

1-year trailing difference

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CNEQ

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 10/29/2026 at 1:30 PM

Live

Closed

	FAI	CNEQ
Last price	$53.71	$38.59
1D performance	-3.61%	-1.18%
AuM	$266.65 M	$7.70 B
E/R	0.65%	1.62%

Characteristics

	FAI	CNEQ
Management strategy	Passive	Active
Provider	First Trust	Fred Alger Management
Benchmark	Bloomberg Artificial Intelligence Index	-
N° of holdings	50	27
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	November 20, 2024	April 5, 2024
ESG	No	No

More FAI data on Trackinsight

More CNEQ data on Trackinsight

Exposure

Countries

FAI

USA

85.56%

Other

14.44%

CNEQ

USA

78.23%

Other

21.77%

Sectors

FAI

Technology

83.82%

Consumer Non-Cycl.

8.04%

Other

8.14%

CNEQ

Technology

62.51%

Consumer Non-Cycl.

7.46%

Other

30.04%

Diversification

FAI

Total weight of top 15 holdings out of 15

76.77%

CNEQ

Total weight of top 15 holdings out of 15

73.48%

Top 15 holdings

Data as of August 31, 2026

FAI

Microsoft Corp.

9.82%

NVIDIA Corp.

8.54%

Amazon.com, Inc.

8.04%

Broadcom Inc.

7.85%

Alphabet, Inc.

7.13%

Palantir Technologies, Inc.

5.33%

Taiwan Semiconductor Manufacturing Co., Ltd.

3.86%

Oracle Corp.

3.86%

Meta Platforms, Inc.

3.80%

Micron Technology, Inc.

3.66%

ASML Holding NV

3.41%

Advanced Micro Devices, Inc.

3.40%

SK hynix, Inc.

2.99%

Marvell Technology, Inc.

2.82%

ServiceNow, Inc.

2.26%

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%

Frequently asked questions about FAI and CNEQ

How have the FAI and CNEQ ETFs performed in 2026?

As of October 28, 2026, FAI is up 35.13% year-to-date (YTD), while CNEQ has returned 13.52%. That puts FAI better performer ahead so far this year.

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

Year-to-date, the FAI ETF saw +$214M in flows, compared to +$7.47B for CNEQ.

Which ETF is more volatile: FAI or CNEQ?

Over the past year, FAI had a volatility of 28.55%, while CNEQ experienced 24.85%.

Which ETF is bigger: FAI or CNEQ?

As of October 28, 2026, FAI holds $266.65 M in assets under management (AUM), while CNEQ manages $7.70 B.

What sectors do the FAI and CNEQ ETFs invest in?

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

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

FAI top holdings include Microsoft Corp., NVIDIA Corp. and Amazon.com, Inc.. CNEQ holds in its top three: NVIDIA Corp., Microsoft Corp. and Alphabet, Inc..

Which ETF is more diversified: FAI or CNEQ?

FAI holds 50 securities with 76.77% of its assets in the top 15. CNEQ has 27 securities and a top 15 weight of 73.48%.

First Trust Launches New FAI ETF to Tap into Artificial Intelligence Growth

November 22, 2024

FAI

FAIvsCNEQETF Comparison

First Trust Bloomberg Artificial Intelligence ETF

Alger Concentrated Equity ETF

FAI vs CNEQ 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 FAI and CNEQ ETFs performed in 2026?

As of October 28, 2026, FAI is up 35.13% year-to-date (YTD), while CNEQ has returned 13.52%. That puts FAI better performer ahead so far this year.

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

Year-to-date, the FAI ETF saw +$214M in flows, compared to +$7.47B for CNEQ.

Which ETF is more volatile: FAI or CNEQ?

Over the past year, FAI had a volatility of 28.55%, while CNEQ experienced 24.85%.

Which ETF is bigger: FAI or CNEQ?

As of October 28, 2026, FAI holds $266.65 M in assets under management (AUM), while CNEQ manages $7.70 B.

What sectors do the FAI and CNEQ ETFs invest in?

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

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

FAI top holdings include Microsoft Corp., NVIDIA Corp. and Amazon.com, Inc.. CNEQ holds in its top three: NVIDIA Corp., Microsoft Corp. and Alphabet, Inc..

Which ETF is more diversified: FAI or CNEQ?

FAI holds 50 securities with 76.77% of its assets in the top 15. CNEQ has 27 securities and a top 15 weight of 73.48%.

First Trust Launches New FAI ETF to Tap into Artificial Intelligence Growth

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