JHAIvsCNEQETF Comparison
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Janus Henderson Global Artificial Intelligence ETF (JHAI) belongs to the AI & Big Data segment. Alger Concentrated Equity ETF (CNEQ) is part of the US Large Cap Growth segment. Both ETFs have the same top 3 sector exposures: Technology, Industrials and Consumer Non-Cyclicals. JHAI is less expensive with a Total Expense Ratio (TER) of 0.59%, versus 1.62% for CNEQ. JHAI is up 23.09% year-to-date (YTD) with +$5M in YTD flows. CNEQ performs worse with 10.16% YTD performance, and +$617M in YTD flows. Run a side-by-side ETF comparison of JHAI 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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JHAI vs CNEQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JHAI CNEQ | -3.77%-4.90% | +11.53%+2.90% | +23.09%+10.16% | n/a+24.53% | n/an/a | n/an/a |
| Flows | JHAI CNEQ | -+$221M | +$2M+$389M | +$5M+$617M | -+$759M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JHAI CNEQ | +38.51%+26.66% | n/a+24.14% | n/an/a | n/an/a |
| Max drawdown | JHAI CNEQ | -12.15%-9.40% | n/a-18.59% | n/an/a | n/an/a |
| Max drawdown duration | JHAI CNEQ | 23d33d | n/a174d | n/an/a | n/an/a |
Trading data
JHAI | CNEQ | |
Last sale 7/24/2026 at 1:30 PM | $32.45 | $37.89 |
| Previous close 07/23/2026 | $33.45 | $38.70 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
JHAI | CNEQ | |
|---|---|---|
| Last price | $32.45 | $37.89 |
| 1D performance | -2.99% | -2.09% |
| AuM | $24.26 M | $880.66 M |
| E/R | 0.59% | 1.62% |
Characteristics
JHAI | CNEQ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Janus Henderson Investors | Fred Alger Management |
| Benchmark | - | - |
| N° of holdings | 49 | 27 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 20, 2025 | April 5, 2024 |
| ESG | No | No |
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Exposure
Countries
JHAI
USA
70.14%
Taiwan
15.77%
Other
14.09%
CNEQ
USA
73.22%
Other
26.78%
Sectors
JHAI
Technology
79.42%
Industrials
7.3%
Other
13.29%
CNEQ
Technology
59.76%
Industrials
8.02%
Other
32.22%
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Diversification
JHAI
Total weight of top 15 holdings out of 15
71.61%
CNEQ
Total weight of top 15 holdings out of 15
72.28%
Top 15 holdings
Data as of June 30, 2026
JHAI
Taiwan Semiconductor Manufacturing Co., Ltd.
15.77%
NVIDIA Corp.
10.97%
Micron Technology, Inc.
6.60%
Lam Research Corp.
5.44%
Broadcom Inc.
4.69%
KLA Corp.
4.15%
Nebius Group NV
3.81%
Alphabet, Inc.
3.22%
Amazon.com, Inc.
3.22%
Advanced Micro Devices, Inc.
2.85%
ASML Holding NV
2.78%
Microsoft Corp.
2.50%
Lumentum Holdings, Inc.
2.00%
Snowflake, Inc.
1.81%
Applied Materials, Inc.
1.81%
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%
Frequently asked questions about JHAI and CNEQ
How have the JHAI and CNEQ ETFs performed in 2026?
As of July 23, 2026, JHAI is up 23.09% year-to-date (YTD), while CNEQ has returned 10.16%. That puts JHAI better performer ahead so far this year.
Which ETF is attracting more investor money: JHAI or CNEQ?
Year-to-date, the JHAI ETF saw +$5M in flows, compared to +$617M for CNEQ.
Which ETF is bigger: JHAI or CNEQ?
As of July 23, 2026, JHAI holds $24.26 M in assets under management (AUM), while CNEQ manages $880.66 M.
What sectors do the JHAI and CNEQ ETFs invest in?
JHAI leans toward sectors like Technology and Industrials. Meanwhile, CNEQ focuses on Technology and Industrials.
What are the top holdings of the JHAI ETF and CNEQ ETF?
JHAI top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., NVIDIA Corp. and Micron Technology, Inc.. CNEQ holds in its top three: NVIDIA Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Microsoft Corp..
Which ETF is more diversified: JHAI or CNEQ?
JHAI holds 52 securities with 71.61% of its assets in the top 15. CNEQ has 27 securities and a top 15 weight of 72.28%.
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