CNEQ vs WINN
Alger Concentrated Equity ETF vs Harbor Long-Term Growers ETF
Which is better, CNEQ or WINN?
CNEQ has been ahead.
CNEQ has a lower expense ratio. CNEQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | WINN |
|---|---|---|
| Expense Ratio | 0.56%Best | 0.57% |
| AUM | $5.4B | $1.1B |
| Dividend Yield | 0.49% | 0.00% |
| Holdings | 59 | 149 |
| YTD Return | +6.91%Best | +6.45% |
| 1Y Return | +5.81%Best | +3.56% |
| 3Y Return (annualized) | - | +19.98% |
| Volatility (annualized) | 23.5% | 16.6%Best |
| Max Drawdown | -27.6% | -23.7%Best |
| $10,000 over 2.6 years | $18,502Best | $14,117 |
| Fund Family | Alger | Harbor Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 4, 2024 | Feb 2, 2022 |
Not shown on this pair: 5Y Return (annualized), 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 WINN 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 WINN Performance
Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger and Harbor Long-Term Growers ETF (WINN) is an ETF from Harbor Funds. Over the past year CNEQ returned +5.81% while WINN returned +3.56%. Year to date, CNEQ is up 6.91% versus a gain of 6.45% for WINN.
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 16.6% for WINN. 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 -23.7% for WINN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. 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 WINN charges 0.57%. On a $10,000 position that is $56 vs $57 annually, a gap of $1 per year that compounds over a long holding period. On income, CNEQ currently yields 0.49% against 0.00% for WINN.
Holdings Overlap
At least 51.6% of WINN'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.
13 positions in common, counted across the 25 positions we hold weights for in CNEQ and 74 in WINN, against full books of 59 and 149.
Top Shared Holdings
| Stock | Weight in CNEQ | Weight in WINN | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.95% | 11.33% | 3.62% |
| MSFTMicrosoft Corp | 8.69% | 6.44% | 2.25% |
| AAPLApple Inc | 5.44% | 7.58% | 2.14% |
| AVGOBroadcom Inc | 4.97% | 5.37% | 0.40% |
| AMZNAmazon.Com Inc | 4.39% | 4.89% | 0.50% |
| METAMeta Platforms Inc | 3.97% | 4.02% | 0.05% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 5.88% | 0.53% | 5.35% |
| AMDAdvanced Micro Devices Inc | 1.99% | 3.44% | 1.45% |
| LLYEli Lilly & Co | 1.73% | 3.64% | 1.91% |
| TSLATesla Inc | 2.93% | 2.38% | 0.55% |
51.6% of WINN 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 WINN?
CNEQ has an expense ratio of 0.56% while WINN charges 0.57%. CNEQ is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, CNEQ or WINN?
Over the past year CNEQ returned +5.81% vs +3.56% for WINN, 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 WINN?
CNEQ has been the more volatile fund at 23.5% annualized versus 16.6% for WINN. Worst drawdown: CNEQ -27.6% vs WINN -23.7%.
Should I hold both CNEQ and WINN?
CNEQ and WINN have a monthly-return correlation of 0.93, 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 WINN?
At least 51.6% of WINN's money is in holdings CNEQ also owns. Our book for CNEQ is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 25 positions we hold weights for in CNEQ and 74 in WINN.
Which pays a higher dividend, CNEQ or WINN?
CNEQ yields 0.49% while WINN yields 0.00%, so CNEQ currently pays the higher dividend yield.
Is WINN better than CNEQ?
CNEQ has a lower expense ratio. CNEQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.