CNEQ vs NWLG
Alger Concentrated Equity ETF vs Nuveen Winslow Large-Cap Growth ESG ETF
Which is better, CNEQ or NWLG?
Each has led over a different period.
CNEQ has a lower expense ratio. CNEQ led over the full window, NWLG over 1Y.
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 | NWLG |
|---|---|---|
| Expense Ratio | 0.56%Best | 0.65% |
| AUM | $5.4B | $9M |
| Dividend Yield | 0.49% | 0.00% |
| Holdings | 59 | 42 |
| Volatility (annualized) | 20.9% | 18.3%Best |
| Max Drawdown | -27.6% | -26.5%Best |
| $10,000 over 2 years | $15,931Best | $9,964 |
| Fund Family | Alger | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 4, 2024 | Aug 4, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 220 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CNEQ has data through Nov 12, 2026 and NWLG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Apr 5, 2024 to Apr 6, 2026 (2 years).
Risk: Volatility and Drawdowns
CNEQ has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 18.3% for NWLG. 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 -26.5% for NWLG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CNEQ charges 0.56% per year while NWLG charges 0.65%. On a $10,000 position that is $56 vs $65 annually, a gap of $9 per year that compounds over a long holding period. On income, CNEQ currently yields 0.49% against 0.00% for NWLG.
Holdings Overlap
At least 60.0% of NWLG'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.
The two holdings books were reported 288 days apart, CNEQ as of Oct 15, 2026 and NWLG as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
11 positions in common, counted across the 25 positions we hold weights for in CNEQ and 39 in NWLG, against full books of 59 and 42.
Top Shared Holdings
| Stock | Weight in CNEQ | Weight in NWLG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.95% | 12.49% | 2.46% |
| MSFTMicrosoft Corp | 8.69% | 11.29% | 2.60% |
| AAPLApple Inc | 5.44% | 8.76% | 3.32% |
| GOOGAlphabet Inc. C | 6.39% | 6.20% | 0.19% |
| AVGOBroadcom Inc | 4.97% | 5.58% | 0.61% |
| AMZNAmazon.Com Inc | 4.39% | 5.22% | 0.83% |
| METAMeta Platforms Inc | 3.97% | 3.44% | 0.53% |
| TSLATesla Inc | 2.93% | 2.20% | 0.73% |
| LLYEli Lilly & Co | 1.73% | 2.66% | 0.93% |
| GEVGe Vernova | 2.56% | 1.53% | 1.03% |
60.0% of NWLG 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 NWLG?
CNEQ has an expense ratio of 0.56% while NWLG charges 0.65%. CNEQ is the cheaper option, by $9 a year on a $10,000 investment.
Which is riskier, CNEQ or NWLG?
CNEQ has been the more volatile fund at 20.9% annualized versus 18.3% for NWLG. Worst drawdown: CNEQ -27.6% vs NWLG -26.5%.
Should I hold both CNEQ and NWLG?
CNEQ and NWLG have a monthly-return correlation of 0.50, 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 NWLG?
At least 60.0% of NWLG's money is in holdings CNEQ also owns. Our book for CNEQ is partial, so the real figure is this or higher. They hold 11 positions in common, counted across the 25 positions we hold weights for in CNEQ and 39 in NWLG.
Which pays a higher dividend, CNEQ or NWLG?
CNEQ yields 0.49% while NWLG yields 0.00%, so CNEQ currently pays the higher dividend yield.
Is NWLG better than CNEQ?
CNEQ has a lower expense ratio. CNEQ led over the full window, NWLG over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.