BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

FRWDvsCNEQETF Comparison

ETF 1

FRWD

Nomura Transformational Technologies ETF

This fund is part of

Disruptive Technology

+1.26%

Full FRWD fund page

VS

ETF 2

CNEQ

Alger Concentrated Equity ETF

This fund is part of

US Large Cap Growth

+0.95%

Full CNEQ fund page

Nomura Transformational Technologies ETF (FRWD) belongs to the Disruptive Technology segment. Alger Concentrated Equity ETF (CNEQ) is part of the US Large Cap Growth segment. FRWD's top 3 sector exposures are Technology, Consumer Services and Consumer Non-Cyclicals. In contrast, CNEQ's top sector exposures are Technology, Consumer Non-Cyclicals and Industrials. FRWD is less expensive with a Total Expense Ratio (TER) of 0.65%, versus 1.62% for CNEQ. Run a side-by-side ETF comparison of FRWD 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.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

FRWD vs CNEQ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

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 10/26/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FRWD CNEQ	-8.58%-6.40%	-1.56%+0.86%	n/a+10.42%	n/a+6.30%	n/an/a	n/an/a
Flows	FRWD CNEQ	+$3M+$4.32B	-$1M+$6.47B	-+$7.08B	-+$7.14B	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FRWD CNEQ	+26.09%+23.14%	n/a+24.81%	n/an/a	n/an/a
Max drawdown	FRWD CNEQ	-13.01%-10.30%	n/a-18.59%	n/an/a	n/an/a
Max drawdown duration	FRWD CNEQ	21d20d	n/a174d	n/an/a	n/an/a

Trading data

Create an account to view trading data

Join for free

	FRWD	CNEQ
Last sale 10/27/2026 at 1:30 PM	$30.38	$38.66
Previous close 10/26/2026	$29.71	$37.92
Consolidated volume 10/26/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 10/27/2026 at 1:30 PM

Live

Closed

	FRWD	CNEQ
Last price	$30.38	$38.66
1D performance	+2.26%	+1.95%
AuM	$252.62 M	$7.11 B
E/R	0.65%	1.62%

Characteristics

	FRWD	CNEQ
Management strategy	Active	Active
Provider	Nomura	Fred Alger Management
Benchmark	-	-
N° of holdings	26	27
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	January 12, 2026	April 5, 2024
ESG	No	No

More FRWD data on Trackinsight

More CNEQ data on Trackinsight

Exposure

Countries

FRWD

USA

68.49%

Other

31.51%

CNEQ

USA

78.23%

Other

21.77%

Sectors

FRWD

Technology

75.28%

Other

24.72%

CNEQ

Technology

62.51%

Consumer Non-Cycl.

7.46%

Other

30.04%

Diversification

FRWD

Total weight of top 15 holdings out of 15

70.04%

CNEQ

Total weight of top 15 holdings out of 15

73.48%

Top 15 holdings

Data as of August 31, 2026

FRWD

NVIDIA Corp.

9.38%

Advanced Micro Devices, Inc.

6.14%

Seagate Technology Holdings Plc

6.13%

Taiwan Semiconductor Manufacturing Co., Ltd.

5.88%

Lam Research Corp.

5.17%

ASML Holding NV

4.54%

Samsung Electronics Co., Ltd.

4.08%

DoorDash, Inc.

3.88%

Microsoft Corp.

3.84%

Broadcom Inc.

3.84%

Western Digital Corp.

3.72%

Texas Instruments Incorporated

3.50%

MercadoLibre, Inc.

3.48%

Alphabet, Inc.

3.27%

Micron Technology, Inc.

3.21%

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 FRWD and CNEQ

Which ETF is bigger: FRWD or CNEQ?

As of October 26, 2026, FRWD holds $252.62 M in assets under management (AUM), while CNEQ manages $7.11 B.

What sectors do the FRWD and CNEQ ETFs invest in?

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

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

FRWD top holdings include NVIDIA Corp., Advanced Micro Devices, Inc. and Seagate Technology Holdings Plc. CNEQ holds in its top three: NVIDIA Corp., Microsoft Corp. and Alphabet, Inc..

FRWDvsCNEQETF Comparison

Nomura Transformational Technologies ETF

Alger Concentrated Equity ETF

FRWD 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

Which ETF is bigger: FRWD or CNEQ?

As of October 26, 2026, FRWD holds $252.62 M in assets under management (AUM), while CNEQ manages $7.11 B.

What sectors do the FRWD and CNEQ ETFs invest in?

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

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

FRWD top holdings include NVIDIA Corp., Advanced Micro Devices, Inc. and Seagate Technology Holdings Plc. CNEQ holds in its top three: NVIDIA Corp., Microsoft Corp. and Alphabet, Inc..

Which ETF is more diversified: FRWD or CNEQ?

FRWD holds 26 securities with 70.04% of its assets in the top 15. CNEQ has 27 securities and a top 15 weight of 73.48%.

ETFs’ Next Act: From Access to Selection