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TOAOvsCNEQETF Comparison

ETF 1
TOAO

Twin Oak Active Opportunities III ETF

This fund is part of
Multi-Asset: Other
+0.27%
VS
ETF 2
CNEQ

Alger Concentrated Equity ETF

This fund is part of
US Large Cap Growth
+0.18%

Twin Oak Active Opportunities III ETF (TOAO) belongs to the Multi-Asset: Other segment. Alger Concentrated Equity ETF (CNEQ) is part of the US Large Cap Growth segment. TOAO's top 3 sector exposures are Information Technology, Financials and Consumer Discretionary. In contrast, CNEQ's top sector exposures are Information Technology, Consumer Discretionary and Communication Services. TOAO is less expensive with a Total Expense Ratio (TER) of 0.95%, versus 1.62% for CNEQ. Run a side-by-side ETF comparison of TOAO 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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TOAO vs CNEQ performance and flow charts

Performance

-2.00.02.04.06.08.0%May 12May 19May 26Jun 2Jun 9

Cumulative Flows

-20 M0 M20 M40 M60 MMay 12May 19May 26Jun 2Jun 9

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 06/12/2026
1M3MYTD1Y3Y5Y
Perf.
TOAO
CNEQ
+0.69%+1.50%
n/a+20.89%
n/a+13.53%
n/a+38.95%
n/an/a
n/an/a
Flows
TOAO
CNEQ
-+$50M
-+$237M
-+$365M
-+$531M
--
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
TOAO
CNEQ
n/a+26.04%
n/a+22.73%
n/an/a
n/an/a
Max drawdown
TOAO
CNEQ
n/a-9.58%
n/a-18.59%
n/an/a
n/an/a
Max drawdown duration
TOAO
CNEQ
n/a22d
n/a174d
n/an/a
n/an/a
Trading data

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TOAO
CNEQ
Last sale
6/12/2026 at 1:30 PM
$25.59
$39.00
Previous close
06/11/2026
$25.45
$38.84
Consolidated volume
06/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
TOAO
CNEQ
Last price
$25.59
$39.00
1D performance
+0.55%
+0.41%
AuM$415.27 M$660.63 M
E/R0.95%1.62%
Characteristics
TOAO
CNEQ
Management strategyActiveActive
ProviderTwin Oak ETF CompanyFred Alger Management
Benchmark--
N° of holdings2419
Asset class--
Trailing 12m distribution yield
Join
Join
Inception dateApril 24, 2026April 5, 2024
ESGNoNo
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Exposure

Countries

TOAO
USA
81.53%
Other
18.47%
CNEQ
USA
73.98%
Other
26.02%

Sectors

TOAO
Information Techn.
36.8%
Financials
16.25%
Consumer Discreti.
11.63%
Industrials
10.83%
Communication Ser.
9.54%
Other
14.95%
CNEQ
Information Techn.
34.71%
Consumer Discreti.
10.78%
Communication Ser.
10.46%
Other
44.05%
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Diversification

TOAO

Total weight of top 15 holdings out of 15

75.23%
CNEQ

Total weight of top 15 holdings out of 15

70.22%

Top 15 holdings

Data as of April 30, 2026
TOAO
AMAZON.COM INC
7.76%
BROADCOM LIMITED
6.88%
NVIDIA
6.44%
USN070592100
5.55%
ALPHABET INC-CL
5.20%
MICROSOFT-T
4.91%
SCOTTISH MORTGAGE INVESTMENT TRUST PLC
4.80%
CROWDSTRIKE HOLDINGS INC
4.59%
SAFRAN
4.45%
META PLATFORMS
4.34%
AIRBUS SE
4.28%
SHOPIFY SUBORDINATE VOTING
4.23%
US8740391003
4.12%
MERCADOLIBRE
3.87%
US36828A1016
3.81%
CNEQ
NVIDIA
15.61%
MICROSOFT-T
8.09%
AMAZON.COM INC
7.08%
ALPHABET INC-CL
5.99%
US8740391003
5.76%
APPLE
4.46%
WESTERN DIGITAL
4.06%
META PLATFORMS
3.76%
TESLA
3.03%
US36828A1016
2.70%
APPLOVIN
2.49%
GFL ENVIRONMENTAL INC
2.17%
HEICO
1.83%
US81141R1005
1.67%
INTUITIVE SURGICAL
1.52%
Frequently asked questions about TOAO and CNEQ

Which ETF is bigger: TOAO or CNEQ?

As of June 12, 2026, TOAO holds $415.27 M in assets under management (AUM), while CNEQ manages $660.63 M.

What sectors do the TOAO and CNEQ ETFs invest in?

TOAO leans toward sectors like Information Technology, Financials and Consumer Discretionary. Meanwhile, CNEQ focuses on Information Technology, Consumer Discretionary and Communication Services.

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

TOAO top holdings include AMAZON.COM INC, BROADCOM LIMITED and NVIDIA. CNEQ holds in its top three: NVIDIA, MICROSOFT-T and AMAZON.COM INC.

Which ETF is more diversified: TOAO or CNEQ?

TOAO holds 27 securities with 75.23% of its assets in the top 15. CNEQ has 21 securities and a top 15 weight of 70.22%.

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