QQQAvsCNEQETF Comparison
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Proshares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) belongs to the US Multi-Factor 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, Consumer Non-Cyclicals and Industrials. QQQA is less expensive with a Total Expense Ratio (TER) of 0.58%, versus 1.62% for CNEQ. QQQA is up 19.69% year-to-date (YTD) with +$41M in YTD flows. CNEQ performs worse with 6.17% YTD performance, and +$6.59B in YTD flows. Run a side-by-side ETF comparison of QQQA 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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QQQA vs CNEQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QQQA CNEQ | -17.97%-10.93% | -17.11%-7.31% | +19.69%+6.17% | +17.59%+1.22% | +77.94%n/a | +29.93%n/a |
| Flows | QQQA CNEQ | -$650K+$3.79B | -$18M+$5.90B | +$41M+$6.59B | +$40M+$6.63B | +$37M- | +$25M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QQQA CNEQ | +29.84%+21.82% | +35.62%+25.10% | +29.54%n/a | +28.01%n/a |
| Max drawdown | QQQA CNEQ | -19.94%-12.82% | -31.55%-17.74% | -31.55%n/a | -38.33%n/a |
| Max drawdown duration | QQQA CNEQ | 90d27d | 133d164d | 133dn/a | 936dn/a |
Trading data
QQQA | CNEQ | |
Last sale 11/2/2026 at 2:30 PM | $59.78 | $36.51 |
| Previous close 11/02/2026 | $62.35 | $37.14 |
| Consolidated volume 11/02/2026 | ||
| 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 indexQQQA | CNEQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
QQQA | CNEQ | |
|---|---|---|
| Last price | $59.78 | $36.51 |
| 1D performance | -4.13% | -1.70% |
| AuM | $43.09 M | $6.31 B |
| E/R | 0.58% | 1.62% |
Characteristics
QQQA | CNEQ | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | ProShares | Fred Alger Management |
| Benchmark | NASDAQ - 100 Dorsey Wright Momentum Index | - |
| N° of holdings | 21 | 25 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 20, 2021 | April 5, 2024 |
| ESG | No | No |
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Exposure
Countries
QQQA
USA
90.28%
Other
9.72%
CNEQ
USA
79.64%
Other
20.36%
Sectors
QQQA
Technology
76.92%
Consumer Non-Cycl.
9.58%
Industrials
8.61%
Other
4.89%
CNEQ
Technology
66.05%
Other
33.95%
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Diversification
QQQA
Total weight of top 15 holdings out of 15
76.97%
CNEQ
Total weight of top 15 holdings out of 15
75.58%
Top 15 holdings
Data as of September 30, 2026
QQQA
CrowdStrike Holdings, Inc.
6.87%
Palo Alto Networks, Inc.
5.92%
Intel Corp.
5.75%
Fortinet, Inc.
5.62%
Advanced Micro Devices, Inc.
5.59%
Ross Stores, Inc.
5.24%
Seagate Technology Holdings Plc
4.94%
Datadog, Inc.
4.94%
DoorDash, Inc.
4.85%
Alphabet, Inc.
4.75%
ASML Holding NV
4.74%
CSX Corp.
4.71%
Cisco Systems, Inc.
4.37%
Lam Research Corp.
4.34%
Monster Beverage Corp.
4.34%
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 QQQA and CNEQ
How have the QQQA and CNEQ ETFs performed in 2026?
As of November 2, 2026, QQQA is up 19.69% year-to-date (YTD), while CNEQ has returned 6.17%. That puts QQQA better performer ahead so far this year.
Which ETF is attracting more investor money: QQQA or CNEQ?
Year-to-date, the QQQA ETF saw +$41M in flows, compared to +$6.59B for CNEQ.
Which ETF is more volatile: QQQA or CNEQ?
Over the past year, QQQA had a volatility of 35.62%, while CNEQ experienced 25.1%.
Which ETF is bigger: QQQA or CNEQ?
As of November 2, 2026, QQQA holds $43.09 M in assets under management (AUM), while CNEQ manages $6.31 B.
What sectors do the QQQA and CNEQ ETFs invest in?
QQQA leans toward sectors like Technology, Consumer Non-Cyclicals and Industrials. Meanwhile, CNEQ focuses on Technology.
What are the top holdings of the QQQA ETF and CNEQ ETF?
QQQA top holdings include CrowdStrike Holdings, Inc., Palo Alto Networks, Inc. and Intel Corp.. CNEQ holds in its top three: NVIDIA Corp., Microsoft Corp. and Alphabet, Inc..
Which ETF is more diversified: QQQA or CNEQ?
QQQA holds 21 securities with 76.97% of its assets in the top 15. CNEQ has 25 securities and a top 15 weight of 75.58%.
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