CARK vs CNEQ
CastleArk Large Growth ETF vs Alger Concentrated Equity ETF
Which is better, CARK or CNEQ?
CNEQ has been ahead.
CARK has a lower expense ratio. CNEQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92.
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 | CARK | CNEQ |
|---|---|---|
| Expense Ratio | 0.54%Best | 0.56% |
| AUM | $351M | $4.8B |
| Dividend Yield | 0.01% | 0.44% |
| Holdings | 60 | 32 |
| YTD Return | +9.30% | +14.00%Best |
| 1Y Return | +11.27% | +13.77%Best |
| Volatility (annualized) | 16.4%Best | 23.0% |
| Max Drawdown | -25.2%Best | -27.6% |
| $10,000 over 2.5 years | $13,246 | $19,604Best |
| Fund Family | CastleArk Management LLC | Alger |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Dec 6, 2023 | Apr 4, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Apr 5, 2024 to Oct 14, 2026 (2.5 years).
CARK vs CNEQ 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 2.5 years both funds cover.
CARK vs CNEQ Performance
CastleArk Large Growth ETF (CARK) is an ETF from CastleArk Management LLC and Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger. Over the past year CARK returned +11.27% while CNEQ returned +13.77%. Year to date, CARK is up 9.30% versus a gain of 14.00% for CNEQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CNEQ has been the more volatile fund, with annualized monthly volatility of 23.0% compared with 16.4% for CARK. 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 -25.2% for CARK and -27.6% for CNEQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CARK charges 0.54% per year while CNEQ charges 0.56%. On a $10,000 position that is $54 vs $56 annually, a gap of $2 per year that compounds over a long holding period. On income, CARK currently yields 0.01% against 0.44% for CNEQ.
Holdings Overlap
At least 4.2% of CARK's money is in holdings CNEQ also owns.
Stated as a floor: for CNEQ, our book for it covers 1.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
CARK and CNEQ share little of their money.
1 positions in common, counted across the 29 positions we hold weights for in CARK and 1 in CNEQ, against full books of 60 and 32.
Top Shared Holdings
| Stock | Weight in CARK | Weight in CNEQ | Difference |
|---|---|---|---|
| AMDAdvanced Micro Devices Inc | 4.17% | 1.79% | 2.38% |
You are not choosing between two funds in isolation.
Whichever of CARK and CNEQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CARK or CNEQ?
CARK has an expense ratio of 0.54% while CNEQ charges 0.56%. CARK is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, CARK or CNEQ?
Over the past year CARK returned +11.27% vs +13.77% for CNEQ, so CNEQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CARK or CNEQ?
CNEQ has been the more volatile fund at 23.0% annualized versus 16.4% for CARK. Worst drawdown: CARK -25.2% vs CNEQ -27.6%.
Should I hold both CARK and CNEQ?
CARK and CNEQ have a monthly-return correlation of 0.92, 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 CARK and CNEQ?
At least 4.2% of CARK's money is in holdings CNEQ also owns. Our book for CNEQ is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 29 positions we hold weights for in CARK and 1 in CNEQ.
Which pays a higher dividend, CARK or CNEQ?
CARK yields 0.01% while CNEQ yields 0.44%, so CNEQ currently pays the higher dividend yield.
Is CNEQ better than CARK?
CARK has a lower expense ratio. CNEQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.