CNEQ vs HQGO
Alger Concentrated Equity ETF vs Hartford US Quality Growth ETF
Which is better, CNEQ or HQGO?
Each has led over a different period.
HQGO has a lower expense ratio. CNEQ led over the full window, HQGO 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 | HQGO |
|---|---|---|
| Expense Ratio | 0.56% | 0.34%Best |
| AUM | $4.8B | $3M |
| Dividend Yield | 0.44% | 0.51% |
| Holdings | 32 | 192 |
| YTD Return | +14.00%Best | +12.84% |
| 1Y Return | +13.77% | +15.94%Best |
| Volatility (annualized) | 23.0% | 12.3%Best |
| Max Drawdown | -27.6% | -20.9%Best |
| $10,000 over 2.5 years | $19,604Best | $14,703 |
| Fund Family | Alger | Hartford Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 4, 2024 | Dec 5, 2023 |
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).
CNEQ vs HQGO 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 HQGO Performance
Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger and Hartford US Quality Growth ETF (HQGO) is an ETF from Hartford Funds. Over the past year CNEQ returned +13.77% while HQGO returned +15.94%. Year to date, CNEQ is up 14.00% versus a gain of 12.84% for HQGO.
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 12.3% for HQGO. 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 -20.9% for HQGO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CNEQ charges 0.56% per year while HQGO charges 0.34%. On a $10,000 position that is $56 vs $34 annually, a gap of $22 per year that compounds over a long holding period. On income, CNEQ currently yields 0.44% against 0.51% for HQGO.
Holdings Overlap
At least 2.6% of HQGO'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.
HQGO and CNEQ share little of their money.
1 positions in common, counted across the 1 positions we hold weights for in CNEQ and 190 in HQGO, against full books of 32 and 192.
Top Shared Holdings
| Stock | Weight in CNEQ | Weight in HQGO | Difference |
|---|---|---|---|
| AMDAdvanced Micro Devices Inc | 1.79% | 2.59% | 0.80% |
You are not choosing between two funds in isolation.
Whichever of CNEQ and HQGO 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 HQGO?
CNEQ has an expense ratio of 0.56% while HQGO charges 0.34%. HQGO is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, CNEQ or HQGO?
Over the past year CNEQ returned +13.77% vs +15.94% for HQGO, so HQGO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CNEQ or HQGO?
CNEQ has been the more volatile fund at 23.0% annualized versus 12.3% for HQGO. Worst drawdown: CNEQ -27.6% vs HQGO -20.9%.
Should I hold both CNEQ and HQGO?
CNEQ and HQGO have a monthly-return correlation of 0.89, 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 HQGO?
At least 2.6% of HQGO'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 190 in HQGO.
Which pays a higher dividend, CNEQ or HQGO?
CNEQ yields 0.44% while HQGO yields 0.51%, so HQGO currently pays the higher dividend yield.
Is HQGO better than CNEQ?
HQGO has a lower expense ratio. CNEQ led over the full window, HQGO over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.