Alger Concentrated Equity ETF (CNEQ)

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Alger Concentrated Equity ETF (CNEQ) returned 4.07% year-to-date (YTD) and 31.77% over the past 12 months.

The table below presents the monthly returns of CNEQ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

With an overall rank of 82, CNEQ is among the top 18% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The charts below present risk-adjusted performance metrics for Alger Concentrated Equity ETF (CNEQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Alger Concentrated Equity ETF Sharpe ratios as of May 18, 2025 (values are recalculated daily):

• 1-Year: 1.02
• All Time: 1.01

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Alger Concentrated Equity ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

Alger Concentrated Equity ETF provided a 0.15% dividend yield over the last twelve months, with an annual payout of $0.04 per share.

The table displays the monthly dividend distributions for Alger Concentrated Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Alger Concentrated Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Alger Concentrated Equity ETF was 27.58%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current Alger Concentrated Equity ETF drawdown is 4.01%.

The chart below shows the rolling one-month volatility.