CNEQ vs FFOG
Alger Concentrated Equity ETF vs Franklin Focused Dynamic Growth ETF
Which is better, CNEQ or FFOG?
Nearly the same fund. FFOG costs less.
FFOG has a lower expense ratio. CNEQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96.
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 | FFOG |
|---|---|---|
| Expense Ratio | 0.56% | 0.41%Best |
| AUM | $4.8B | $386M |
| Dividend Yield | 0.44% | 0.00% |
| Holdings | 32 | 43 |
| YTD Return | +14.00%Best | +8.34% |
| 1Y Return | +13.77%Best | +7.46% |
| 3Y Return (annualized) | - | +25.71% |
| Volatility (annualized) | 23.0% | 20.6%Best |
| Max Drawdown | -27.6% | -25.4%Best |
| $10,000 over 2.5 years | $19,604Best | $14,769 |
| Fund Family | Alger | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 4, 2024 | Nov 6, 2023 |
Not shown on this pair: 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).
CNEQ vs FFOG 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.
CNEQ vs FFOG Performance
Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger and Franklin Focused Dynamic Growth ETF (FFOG) is an ETF from Franklin Templeton Investments (US). Over the past year CNEQ returned +13.77% while FFOG returned +7.46%. Year to date, CNEQ is up 14.00% versus a gain of 8.34% for FFOG.
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 20.6% for FFOG. 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 -25.4% for FFOG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 FFOG charges 0.41%. On a $10,000 position that is $56 vs $41 annually, a gap of $15 per year that compounds over a long holding period. On income, CNEQ currently yields 0.44% against 0.00% for FFOG.
Holdings Overlap
At least 2.8% of FFOG'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.
FFOG and CNEQ share little of their money.
1 positions in common, counted across the 1 positions we hold weights for in CNEQ and 41 in FFOG, against full books of 32 and 43.
Top Shared Holdings
| Stock | Weight in CNEQ | Weight in FFOG | Difference |
|---|---|---|---|
| AMDAdvanced Micro Devices Inc | 1.79% | 2.79% | 1.00% |
You are not choosing between two funds in isolation.
Whichever of CNEQ and FFOG 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, CNEQ or FFOG?
CNEQ has an expense ratio of 0.56% while FFOG charges 0.41%. FFOG is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, CNEQ or FFOG?
Over the past year CNEQ returned +13.77% vs +7.46% for FFOG, 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 FFOG?
CNEQ has been the more volatile fund at 23.0% annualized versus 20.6% for FFOG. Worst drawdown: CNEQ -27.6% vs FFOG -25.4%.
Should I hold both CNEQ and FFOG?
CNEQ and FFOG have a monthly-return correlation of 0.96, 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 FFOG?
At least 2.8% of FFOG'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 1 positions we hold weights for in CNEQ and 41 in FFOG.
Which pays a higher dividend, CNEQ or FFOG?
CNEQ yields 0.44% while FFOG yields 0.00%, so CNEQ currently pays the higher dividend yield.
Is FFOG better than CNEQ?
FFOG has a lower expense ratio. CNEQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.