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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Concentrated Equity ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Alger Concentrated Equity ETF (CNEQ) has returned -9.48% so far this year and 37.35% over the past 12 months.
Alger Concentrated Equity ETF
- 1D
- 4.85%
- 1M
- -5.24%
- YTD
- -9.48%
- 6M
- -11.02%
- 1Y
- 37.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Apr 5, 2024, CNEQ's average daily return is +0.10%, while the average monthly return is +2.05%. At this rate, your investment would double in approximately 2.8 years.
Historically, 63% of months were positive and 38% were negative. The best month was May 2025 with a return of +16.5%, while the worst month was Mar 2025 at -9.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CNEQ closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +13.0%, while the worst single day was Jan 27, 2025 at -7.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.25% | -3.27% | -5.24% | -9.48% | |||||||||
| 2025 | 2.89% | -5.02% | -9.90% | 2.34% | 16.45% | 9.39% | 6.03% | 1.71% | 9.78% | 2.86% | -3.90% | -0.55% | 33.61% |
| 2024 | -5.24% | 8.90% | 7.05% | -4.18% | 3.15% | 5.22% | 1.78% | 9.17% | 0.93% | 28.84% |
Benchmark Metrics
Alger Concentrated Equity ETF has an annualized alpha of 7.61%, beta of 1.47, and R² of 0.79 versus S&P 500 Index. Calculated based on daily prices since April 08, 2024.
- This ETF captured 177.60% of S&P 500 Index gains and 116.44% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 7.61% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Alpha
- 7.61%
- Beta
- 1.47
- R²
- 0.79
- Upside Capture
- 177.60%
- Downside Capture
- 116.44%
Expense Ratio
CNEQ has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CNEQ ranks 69 for risk / return — better than 69% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Concentrated Equity ETF (CNEQ) and compare them to a chosen benchmark (S&P 500 Index).
| CNEQ | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 0.90 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.39 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.40 | +0.50 |
Martin ratioReturn relative to average drawdown | 6.03 | 6.61 | -0.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore CNEQ risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Alger Concentrated Equity ETF provided a 0.58% dividend yield over the last twelve months, with an annual payout of $0.18 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.18 | $0.18 | $0.04 |
Dividend yield | 0.58% | 0.52% | 0.16% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2024 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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. Recovery took 41 trading sessions.
The current Alger Concentrated Equity ETF drawdown is 15.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.58% | Feb 18, 2025 | 36 | Apr 8, 2025 | 41 | Jun 6, 2025 | 77 |
| -19.3% | Oct 30, 2025 | 103 | Mar 30, 2026 | — | — | — |
| -15.11% | Jul 11, 2024 | 18 | Aug 5, 2024 | 36 | Sep 25, 2024 | 54 |
| -7.66% | Apr 12, 2024 | 6 | Apr 19, 2024 | 18 | May 15, 2024 | 24 |
| -7.47% | Jan 24, 2025 | 2 | Jan 27, 2025 | 14 | Feb 14, 2025 | 16 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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