CNEQ vs PJFG
Alger Concentrated Equity ETF vs PGIM Jennison Focused Growth ETF
Which is better, CNEQ or PJFG?
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 0.94.
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 | PJFG |
|---|---|---|
| Expense Ratio | 0.56%Best | 0.75% |
| AUM | $4.8B | $148M |
| Dividend Yield | 0.44% | 0.00% |
| Holdings | 32 | 78 |
| YTD Return | +14.00%Best | +8.89% |
| 1Y Return | +13.77%Best | +10.08% |
| 3Y Return (annualized) | - | +22.92% |
| Volatility (annualized) | 23.0% | 17.7%Best |
| Max Drawdown | -27.6% | -24.2%Best |
| $10,000 over 2.5 years | $19,604Best | $14,646 |
| Fund Family | Alger | PGIM Investments |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 4, 2024 | Dec 12, 2022 |
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 PJFG 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 PJFG Performance
Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger and PGIM Jennison Focused Growth ETF (PJFG) is an ETF from PGIM Investments. Over the past year CNEQ returned +13.77% while PJFG returned +10.08%. Year to date, CNEQ is up 14.00% versus a gain of 8.89% for PJFG.
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 17.7% for PJFG. 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 -24.2% for PJFG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 PJFG charges 0.75%. On a $10,000 position that is $56 vs $75 annually, a gap of $19 per year that compounds over a long holding period. On income, CNEQ currently yields 0.44% against 0.00% for PJFG.
Holdings Overlap
At least 4.5% of PJFG'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.
PJFG and CNEQ share little of their money.
1 positions in common, counted across the 1 positions we hold weights for in CNEQ and 37 in PJFG, against full books of 32 and 78.
Top Shared Holdings
| Stock | Weight in CNEQ | Weight in PJFG | Difference |
|---|---|---|---|
| AMDAdvanced Micro Devices Inc | 1.79% | 4.52% | 2.73% |
You are not choosing between two funds in isolation.
Whichever of CNEQ and PJFG 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 PJFG?
CNEQ has an expense ratio of 0.56% while PJFG charges 0.75%. CNEQ is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, CNEQ or PJFG?
Over the past year CNEQ returned +13.77% vs +10.08% for PJFG, 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 PJFG?
CNEQ has been the more volatile fund at 23.0% annualized versus 17.7% for PJFG. Worst drawdown: CNEQ -27.6% vs PJFG -24.2%.
Should I hold both CNEQ and PJFG?
CNEQ and PJFG have a monthly-return correlation of 0.94, 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 PJFG?
At least 4.5% of PJFG'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 37 in PJFG.
Which pays a higher dividend, CNEQ or PJFG?
CNEQ yields 0.44% while PJFG yields 0.00%, so CNEQ currently pays the higher dividend yield.
Is PJFG 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 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.