CNEQ vs FBCG
Alger Concentrated Equity ETF vs Fidelity Blue Chip Growth ETF
Which is better, CNEQ or FBCG?
Nearly the same fund. CNEQ costs less.
CNEQ has a lower expense ratio. CNEQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CNEQ | FBCG |
|---|---|---|
| Expense Ratio | 0.56%Best | 0.57% |
| AUM | $5.4B | $7.3B |
| Dividend Yield | 0.49% | 0.03% |
| Holdings | 59 | 247 |
| YTD Return | +5.93%Best | +5.08% |
| 1Y Return | +5.74%Best | +5.01% |
| 3Y Return (annualized) | - | +23.62% |
| 5Y Return (annualized) | - | +9.90% |
| Volatility (annualized) | 23.6% | 19.6%Best |
| Max Drawdown | -27.6%Best | -27.9% |
| $10,000 over 2.6 years | $18,320Best | $15,078 |
| Fund Family | Alger | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 4, 2024 | Jun 2, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Apr 5, 2024 to Nov 12, 2026 (2.6 years).
CNEQ vs FBCG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
CNEQ vs FBCG Performance
Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger and Fidelity Blue Chip Growth ETF (FBCG) is an ETF from Fidelity Investments (US). Over the past year CNEQ returned +5.74% while FBCG returned +5.01%. Year to date, CNEQ is up 5.93% versus a gain of 5.08% for FBCG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CNEQ has been the more volatile fund, with annualized monthly volatility of 23.6% compared with 19.6% for FBCG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -27.6% for CNEQ and -27.9% for FBCG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CNEQ charges 0.56% per year while FBCG charges 0.57%. On a $10,000 position that is $56 vs $57 annually, a gap of $1 per year that compounds over a long holding period. On income, CNEQ currently yields 0.49% against 0.03% for FBCG.
Holdings Overlap
At least 55.3% of FBCG's money is in holdings CNEQ also owns.
Stated as a floor: for CNEQ, our book for it covers 93.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
19 positions in common, counted across the 25 positions we hold weights for in CNEQ and 200 in FBCG, against full books of 59 and 247.
Top Shared Holdings
| Stock | Weight in CNEQ | Weight in FBCG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.95% | 15.68% | 0.73% |
| AAPLApple Inc | 5.44% | 9.22% | 3.78% |
| MSFTMicrosoft Corp | 8.69% | 5.56% | 3.13% |
| AMZNAmazon.Com Inc | 4.39% | 4.97% | 0.58% |
| AVGOBroadcom Inc | 4.97% | 4.11% | 0.86% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 5.88% | 1.13% | 4.75% |
| GOOGAlphabet Inc. C | 6.39% | 0.26% | 6.13% |
| METAMeta Platforms Inc | 3.97% | 2.42% | 1.55% |
| MUMicron Technology, Inc. | 3.04% | 2.37% | 0.67% |
| WDCWestern Digital Corp. | 3.57% | 1.38% | 2.19% |
55.3% of FBCG is already inside CNEQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CNEQ or FBCG?
CNEQ has an expense ratio of 0.56% while FBCG charges 0.57%. CNEQ is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, CNEQ or FBCG?
Over the past year CNEQ returned +5.74% vs +5.01% for FBCG, so CNEQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CNEQ or FBCG?
CNEQ has been the more volatile fund at 23.6% annualized versus 19.6% for FBCG. Worst drawdown: CNEQ -27.6% vs FBCG -27.9%.
Should I hold both CNEQ and FBCG?
CNEQ and FBCG have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CNEQ and FBCG?
At least 55.3% of FBCG's money is in holdings CNEQ also owns. Our book for CNEQ is partial, so the real figure is this or higher. They hold 19 positions in common, counted across the 25 positions we hold weights for in CNEQ and 200 in FBCG.
Which pays a higher dividend, CNEQ or FBCG?
CNEQ yields 0.49% while FBCG yields 0.03%, so CNEQ currently pays the higher dividend yield.
Is FBCG better than CNEQ?
CNEQ has a lower expense ratio. CNEQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.