OAIWvsCNEQETF Comparison
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OpenAI Lab Ecosystem ETF (OAIW) belongs to the AI & Big Data segment. Alger Concentrated Equity ETF (CNEQ) is part of the US Large Cap Growth segment. OAIW's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, CNEQ's top sector exposures are Technology, Consumer Non-Cyclicals and Industrials. OAIW 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 OAIW 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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OAIW vs CNEQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/25/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OAIW CNEQ | +7.06%+3.46% | n/a+3.40% | n/a+19.11% | n/a+19.50% | n/an/a | n/an/a |
| Flows | OAIW CNEQ | +$1M+$1.17B | -+$2.36B | -+$2.76B | -+$2.84B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OAIW CNEQ | n/a+24.26% | n/a+24.74% | n/an/a | n/an/a |
| Max drawdown | OAIW CNEQ | n/a-11.80% | n/a-18.59% | n/an/a | n/an/a |
| Max drawdown duration | OAIW CNEQ | n/a83d | n/a174d | n/an/a | n/an/a |
Trading data
OAIW | CNEQ | |
Last sale 9/25/2026 at 7:35 PM | $24.80 | $40.62 |
| Previous close 09/25/2026 | $24.74 | $40.95 |
| Consolidated volume 09/25/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/25/2026 at 7:35 PM
Live
Closed
OAIW | CNEQ | |
|---|---|---|
| Last price | $24.80 | $40.62 |
| 1D performance | +0.24% | -0.81% |
| AuM | $5.68 M | $3.17 B |
| E/R | 0.59% | 1.62% |
Characteristics
OAIW | CNEQ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Harbor Capital | Fred Alger Management |
| Benchmark | - | - |
| N° of holdings | 22 | 27 |
| 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
OAIW
USA
68.83%
Other
31.17%
CNEQ
USA
78.23%
Other
21.77%
Sectors
OAIW
Technology
53.11%
Finance
7.47%
Other
39.42%
CNEQ
Technology
62.51%
Consumer Non-Cycl.
7.46%
Other
30.04%
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Diversification
OAIW
Total weight of top 15 holdings out of 15
67.23%
CNEQ
Total weight of top 15 holdings out of 15
73.48%
Top 15 holdings
Data as of August 31, 2026
OAIW
Microsoft Corp.
8.06%
Oracle Corp.
7.10%
Cerebras Systems, Inc.
6.84%
Amazon.com, Inc.
6.56%
NVIDIA Corp.
4.49%
Broadcom Inc.
4.35%
Taiwan Semiconductor Manufacturing Co., Ltd.
4.10%
Bloom Energy Corp.
4.08%
Advanced Micro Devices, Inc.
3.58%
Core Scientific, Inc.
3.48%
WEC Energy Group, Inc.
3.46%
SK hynix, Inc.
3.30%
Arm Holdings Plc
2.74%
CoreWeave, Inc.
2.69%
Corning, Inc.
2.40%
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 OAIW and CNEQ
Which ETF is bigger: OAIW or CNEQ?
As of September 25, 2026, OAIW holds $5.68 M in assets under management (AUM), while CNEQ manages $3.17 B.
What sectors do the OAIW and CNEQ ETFs invest in?
OAIW leans toward sectors like Technology and Finance. Meanwhile, CNEQ focuses on Technology and Consumer Non-Cyclicals.
What are the top holdings of the OAIW ETF and CNEQ ETF?
OAIW top holdings include Microsoft Corp., Oracle Corp. and Cerebras Systems, Inc.. CNEQ holds in its top three: NVIDIA Corp., Microsoft Corp. and Alphabet, Inc..
Which ETF is more diversified: OAIW or CNEQ?
OAIW holds 22 securities with 67.23% of its assets in the top 15. CNEQ has 27 securities and a top 15 weight of 73.48%.
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