CNEQ vs LRGG
Alger Concentrated Equity ETF vs Nomura Focused Large Growth ETF
Which is better, CNEQ or LRGG?
CNEQ has been ahead.
LRGG has a lower expense ratio. CNEQ led over 1Y and the full window.
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 | LRGG |
|---|---|---|
| Expense Ratio | 0.56% | 0.44%Best |
| AUM | $5.4B | $286M |
| Dividend Yield | 0.49% | 0.15% |
| Holdings | 59 | 46 |
| YTD Return | +6.91%Best | +3.25% |
| 1Y Return | +5.81%Best | +1.46% |
| Volatility (annualized) | 23.6% | 12.2%Best |
| Max Drawdown | -27.6% | -18.9%Best |
| $10,000 over 2.5 years | $18,076Best | $11,985 |
| Fund Family | Alger | Nomura Asset Management Co Ltd |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 4, 2024 | May 14, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: May 15, 2024 to Nov 11, 2026 (2.5 years).
CNEQ vs LRGG 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 2.5 years both funds cover.
CNEQ vs LRGG Performance
Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger and Nomura Focused Large Growth ETF (LRGG) is an ETF from Nomura Asset Management Co Ltd. Over the past year CNEQ returned +5.81% while LRGG returned +1.46%. Year to date, CNEQ is up 6.91% versus a gain of 3.25% for LRGG.
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 12.2% for LRGG. 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 -18.9% for LRGG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CNEQ charges 0.56% per year while LRGG charges 0.44%. On a $10,000 position that is $56 vs $44 annually, a gap of $12 per year that compounds over a long holding period. On income, CNEQ currently yields 0.49% against 0.15% for LRGG.
Holdings Overlap
At least 51.0% of LRGG'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.
6 positions in common, counted across the 25 positions we hold weights for in CNEQ and 21 in LRGG, against full books of 59 and 46.
51.0% of LRGG 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 LRGG?
CNEQ has an expense ratio of 0.56% while LRGG charges 0.44%. LRGG is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, CNEQ or LRGG?
Over the past year CNEQ returned +5.81% vs +1.46% for LRGG, 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 LRGG?
CNEQ has been the more volatile fund at 23.6% annualized versus 12.2% for LRGG. Worst drawdown: CNEQ -27.6% vs LRGG -18.9%.
Should I hold both CNEQ and LRGG?
CNEQ and LRGG have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CNEQ and LRGG?
At least 51.0% of LRGG's money is in holdings CNEQ also owns. Our book for CNEQ is partial, so the real figure is this or higher. They hold 6 positions in common, counted across the 25 positions we hold weights for in CNEQ and 21 in LRGG.
Which pays a higher dividend, CNEQ or LRGG?
CNEQ yields 0.49% while LRGG yields 0.15%, so CNEQ currently pays the higher dividend yield.
Is LRGG better than CNEQ?
LRGG has a lower expense ratio. CNEQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.