CNEQ vs NUGO
Alger Concentrated Equity ETF vs Nuveen Growth Opportunities ETF
Which is better, CNEQ or NUGO?
Nearly the same fund. NUGO costs less.
NUGO 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 | NUGO |
|---|---|---|
| Expense Ratio | 0.56% | 0.50%Best |
| AUM | $5.4B | $2.2B |
| Dividend Yield | 0.49% | 0.00% |
| Holdings | 59 | 86 |
| YTD Return | +6.91%Best | +2.88% |
| 1Y Return | +5.81%Best | +0.83% |
| 3Y Return (annualized) | - | +19.84% |
| 5Y Return (annualized) | - | +9.40% |
| Volatility (annualized) | 23.5% | 17.2%Best |
| Max Drawdown | -27.6% | -25.1%Best |
| $10,000 over 2.6 years | $18,502Best | $13,928 |
| Fund Family | Alger | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 4, 2024 | Sep 27, 2021 |
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 11, 2026 (2.6 years).
CNEQ vs NUGO 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 NUGO Performance
Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger and Nuveen Growth Opportunities ETF (NUGO) is an ETF from Nuveen. Over the past year CNEQ returned +5.81% while NUGO returned +0.83%. Year to date, CNEQ is up 6.91% versus a gain of 2.88% for NUGO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CNEQ has been the more volatile fund, with annualized monthly volatility of 23.5% compared with 17.2% for NUGO. 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 -25.1% for NUGO. 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 NUGO charges 0.50%. On a $10,000 position that is $56 vs $50 annually, a gap of $6 per year that compounds over a long holding period. On income, CNEQ currently yields 0.49% against 0.00% for NUGO.
Holdings Overlap
At least 55.4% of NUGO'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.
12 positions in common, counted across the 25 positions we hold weights for in CNEQ and 43 in NUGO, against full books of 59 and 86.
Top Shared Holdings
| Stock | Weight in CNEQ | Weight in NUGO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.95% | 15.28% | 0.33% |
| MSFTMicrosoft Corp | 8.69% | 7.58% | 1.11% |
| AAPLApple Inc | 5.44% | 7.45% | 2.01% |
| AVGOBroadcom Inc | 4.97% | 6.00% | 1.03% |
| AMZNAmazon.Com Inc | 4.39% | 1.97% | 2.42% |
| METAMeta Platforms Inc | 3.97% | 2.17% | 1.80% |
| LLYEli Lilly & Co | 1.73% | 4.20% | 2.47% |
| MUMicron Technology, Inc. | 3.04% | 2.64% | 0.40% |
| TSLATesla Inc | 2.93% | 2.28% | 0.65% |
| WDCWestern Digital Corp. | 3.57% | 1.50% | 2.07% |
55.4% of NUGO 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.
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Frequently Asked Questions
Which is cheaper, CNEQ or NUGO?
CNEQ has an expense ratio of 0.56% while NUGO charges 0.50%. NUGO is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, CNEQ or NUGO?
Over the past year CNEQ returned +5.81% vs +0.83% for NUGO, 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 NUGO?
CNEQ has been the more volatile fund at 23.5% annualized versus 17.2% for NUGO. Worst drawdown: CNEQ -27.6% vs NUGO -25.1%.
Should I hold both CNEQ and NUGO?
CNEQ and NUGO 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 NUGO?
At least 55.4% of NUGO's money is in holdings CNEQ also owns. Our book for CNEQ is partial, so the real figure is this or higher. They hold 12 positions in common, counted across the 25 positions we hold weights for in CNEQ and 43 in NUGO.
Which pays a higher dividend, CNEQ or NUGO?
CNEQ yields 0.49% while NUGO yields 0.00%, so CNEQ currently pays the higher dividend yield.
Is NUGO better than CNEQ?
NUGO 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.