MTAWvsCNEQETF Comparison
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Meta AI Lab Ecosystem ETF (MTAW) belongs to the AI & Big Data segment. Alger Concentrated Equity ETF (CNEQ) is part of the US Large Cap Growth segment. MTAW's top 3 sector exposures are Technology, Utilities and Non-Energy Materials. In contrast, CNEQ's top sector exposures are Technology, Consumer Non-Cyclicals and Industrials. MTAW is less expensive with a Total Expense Ratio (TER) of 0.59%, versus 1.62% for CNEQ. Run a side-by-side ETF comparison of MTAW 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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MTAW vs CNEQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MTAW CNEQ | -16.20%-9.04% | -13.74%-7.25% | n/a+7.27% | n/a+5.54% | n/an/a | n/an/a |
| Flows | MTAW CNEQ | -$479K-$334M | +$1M+$2.39B | -+$3.09B | -+$3.13B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MTAW CNEQ | +33.92%+26.44% | n/a+25.95% | n/an/a | n/an/a |
| Max drawdown | MTAW CNEQ | -25.28%-17.19% | n/a-17.19% | n/an/a | n/an/a |
| Max drawdown duration | MTAW CNEQ | 35d36d | n/a36d | n/an/a | n/an/a |
Trading data
MTAW | CNEQ | |
Last sale 11/12/2026 at 2:30 PM | $22.13 | $36.62 |
| Previous close 11/11/2026 | $22.56 | $36.96 |
| Consolidated volume 11/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/12/2026 at 2:30 PM
Live
Closed
MTAW | CNEQ | |
|---|---|---|
| Last price | $22.13 | $36.62 |
| 1D performance | -1.91% | -0.92% |
| AuM | $1.31 M | $2.85 B |
| E/R | 0.59% | 1.62% |
Characteristics
MTAW | CNEQ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Harbor Capital | Fred Alger Management |
| Benchmark | - | - |
| N° of holdings | 21 | 25 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 13, 2026 | April 5, 2024 |
| ESG | No | No |
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Exposure
Countries
MTAW
USA
72.74%
Other
27.26%
CNEQ
USA
79.64%
Other
20.36%
Sectors
MTAW
Technology
63.09%
Utilities
18.91%
Other
18%
CNEQ
Technology
66.05%
Other
33.95%
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Diversification
MTAW
Total weight of top 15 holdings out of 15
70.64%
CNEQ
Total weight of top 15 holdings out of 15
75.58%
Top 15 holdings
Data as of September 30, 2026
MTAW
Meta Platforms, Inc.
19.60%
Ciena Corp.
5.48%
Vistra Corp.
4.49%
Nebius Group NV
4.14%
Oracle Corp.
3.95%
Taiwan Semiconductor Manufacturing Co., Ltd.
3.92%
NVIDIA Corp.
3.57%
CoreWeave, Inc.
3.47%
Oklo, Inc.
3.41%
Alphabet, Inc.
3.33%
Corning, Inc.
3.31%
NextEra Energy, Inc.
3.09%
Broadcom Inc.
3.07%
Entergy Corp.
3.04%
Advanced Micro Devices, Inc.
2.76%
CNEQ
NVIDIA Corp.
14.96%
Microsoft Corp.
8.11%
Alphabet, Inc.
6.16%
Taiwan Semiconductor Manufacturing Co., Ltd.
6.06%
Apple, Inc.
5.13%
Broadcom Inc.
4.67%
Nebius Group NV
4.66%
Amazon.com, Inc.
4.18%
Western Digital Corp.
4.15%
Meta Platforms, Inc.
3.83%
Micron Technology, Inc.
3.50%
Tesla, Inc.
2.67%
Talen Energy Corp.
2.67%
GE Vernova, Inc.
2.55%
Sea Ltd. (Singapore)
2.29%
Frequently asked questions about MTAW and CNEQ
Which ETF is bigger: MTAW or CNEQ?
As of November 10, 2026, MTAW holds $1.31 M in assets under management (AUM), while CNEQ manages $2.85 B.
What sectors do the MTAW and CNEQ ETFs invest in?
MTAW leans toward sectors like Technology and Utilities. Meanwhile, CNEQ focuses on Technology.
What are the top holdings of the MTAW ETF and CNEQ ETF?
MTAW top holdings include Meta Platforms, Inc., Ciena Corp. and Vistra Corp.. CNEQ holds in its top three: NVIDIA Corp., Microsoft Corp. and Alphabet, Inc..
Which ETF is more diversified: MTAW or CNEQ?
MTAW holds 21 securities with 70.64% of its assets in the top 15. CNEQ has 25 securities and a top 15 weight of 75.58%.
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