CNEQ vs TFGZ
Alger Concentrated Equity ETF vs Thornburg Focus Growth Fund ETF
Which is better, CNEQ or TFGZ?
TFGZ has been ahead.
CNEQ has a lower expense ratio. TFGZ led 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 | TFGZ |
|---|---|---|
| Expense Ratio | 0.56%Best | 0.79% |
| AUM | $5.4B | $12M |
| Dividend Yield | 0.49% | 0.00% |
| Holdings | 59 | 84 |
| YTD Return | +6.91% | +11.36%Best |
| 1Y Return | +5.81% | - |
| Fund Family | Alger | Thornburg Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 4, 2024 | Apr 1, 2026 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
CNEQ vs TFGZ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
CNEQ vs TFGZ Performance
Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger and Thornburg Focus Growth Fund ETF (TFGZ) is an ETF from Thornburg Investment Management. Year to date, CNEQ is up 6.91% versus a gain of 11.36% for TFGZ.
Past performance does not guarantee future results.
Fees and Cost Over Time
CNEQ charges 0.56% per year while TFGZ charges 0.79%. On a $10,000 position that is $56 vs $79 annually, a gap of $23 per year that compounds over a long holding period. On income, CNEQ currently yields 0.49% against 0.00% for TFGZ.
Holdings Overlap
At least 22.7% of TFGZ'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.
TFGZ and CNEQ share little of their money.
6 positions in common, counted across the 25 positions we hold weights for in CNEQ and 41 in TFGZ, against full books of 59 and 84.
22.7% of TFGZ 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 TFGZ?
CNEQ has an expense ratio of 0.56% while TFGZ charges 0.79%. CNEQ is the cheaper option, by $23 a year on a $10,000 investment.
What is the holdings overlap between CNEQ and TFGZ?
At least 22.7% of TFGZ'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 41 in TFGZ.
Which pays a higher dividend, CNEQ or TFGZ?
CNEQ yields 0.49% while TFGZ yields 0.00%, so CNEQ currently pays the higher dividend yield.
Is TFGZ better than CNEQ?
CNEQ has a lower expense ratio. TFGZ led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.