CNEQ vs MFSG
Alger Concentrated Equity ETF vs MFS Active Growth ETF
Which is better, CNEQ or MFSG?
Nearly the same fund. MFSG costs less.
MFSG has a lower expense ratio. CNEQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95.
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 | MFSG |
|---|---|---|
| Expense Ratio | 0.56% | 0.49%Best |
| AUM | $5.4B | $390M |
| Dividend Yield | 0.49% | 0.07% |
| Holdings | 59 | 139 |
| YTD Return | +6.91%Best | +1.52% |
| 1Y Return | +5.81%Best | +0.26% |
| Volatility (annualized) | 25.7% | 17.8%Best |
| Max Drawdown | -27.6% | -23.2%Best |
| $10,000 over 1.9 years | $13,839Best | $11,281 |
| Fund Family | Alger | MFS Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 4, 2024 | Dec 5, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Dec 5, 2024 to Nov 11, 2026 (1.9 years).
CNEQ vs MFSG 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 1.9 years both funds cover.
CNEQ vs MFSG Performance
Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger and MFS Active Growth ETF (MFSG) is an ETF from MFS Investment Management. Over the past year CNEQ returned +5.81% while MFSG returned +0.26%. Year to date, CNEQ is up 6.91% versus a gain of 1.52% for MFSG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CNEQ has been the more volatile fund, with annualized monthly volatility of 25.7% compared with 17.8% for MFSG. 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 -23.2% for MFSG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 MFSG charges 0.49%. On a $10,000 position that is $56 vs $49 annually, a gap of $7 per year that compounds over a long holding period. On income, CNEQ currently yields 0.49% against 0.07% for MFSG.
Holdings Overlap
At least 44.9% of MFSG'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.
14 positions in common, counted across the 25 positions we hold weights for in CNEQ and 66 in MFSG, against full books of 59 and 139.
Top Shared Holdings
| Stock | Weight in CNEQ | Weight in MFSG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.95% | 13.86% | 1.09% |
| MSFTMicrosoft Corp | 8.69% | 6.06% | 2.63% |
| AAPLApple Inc | 5.44% | 6.42% | 0.98% |
| AVGOBroadcom Inc | 4.97% | 3.14% | 1.83% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 5.88% | 1.66% | 4.22% |
| AMZNAmazon.Com Inc | 4.39% | 2.82% | 1.57% |
| METAMeta Platforms Inc | 3.97% | 2.99% | 0.98% |
| WDCWestern Digital Corp. | 3.57% | 1.19% | 2.38% |
| GEVGe Vernova | 2.56% | 1.74% | 0.82% |
| MUMicron Technology, Inc. | 3.04% | 1.07% | 1.97% |
44.9% of MFSG 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 MFSG?
CNEQ has an expense ratio of 0.56% while MFSG charges 0.49%. MFSG is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, CNEQ or MFSG?
Over the past year CNEQ returned +5.81% vs +0.26% for MFSG, so CNEQ leads on 1-year performance. Over the longest common window we track (2 years), CNEQ annualized +18.65% vs +6.55% for MFSG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CNEQ or MFSG?
CNEQ has been the more volatile fund at 25.7% annualized versus 17.8% for MFSG. Worst drawdown: CNEQ -27.6% vs MFSG -23.2%.
Should I hold both CNEQ and MFSG?
CNEQ and MFSG have a monthly-return correlation of 0.95, 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 MFSG?
At least 44.9% of MFSG's money is in holdings CNEQ also owns. Our book for CNEQ is partial, so the real figure is this or higher. They hold 14 positions in common, counted across the 25 positions we hold weights for in CNEQ and 66 in MFSG.
Which pays a higher dividend, CNEQ or MFSG?
CNEQ yields 0.49% while MFSG yields 0.07%, so CNEQ currently pays the higher dividend yield.
Is MFSG better than CNEQ?
MFSG has a lower expense ratio. CNEQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.