Alger Concentrated Equity ETF (CNEQ)
CNEQ is an actively managed ETF by Alger. CNEQ launched on Apr 4, 2024 and has a 0.55% expense ratio.
ETF Info
Apr 4, 2024
1x
No Index (Active)
Share Price Chart
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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.
Returns By Period
CNEQ
N/A
7.31%
21.26%
N/A
N/A
N/A
^GSPC (Benchmark)
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Monthly Returns
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -5.25% | 8.90% | 7.05% | -4.18% | 3.15% | 5.22% | 1.78% | 26.85% |
Expense Ratio
CNEQ features an expense ratio of 0.55%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
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.
Not enough dataDividends
Dividend History
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.
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 15.11%, occurring on Aug 5, 2024. Recovery took 36 trading sessions.
The current Alger Concentrated Equity ETF drawdown is 0.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -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 |
| -3.41% | Oct 30, 2024 | 4 | Nov 4, 2024 | 2 | Nov 6, 2024 | 6 |
| -3.14% | Jun 20, 2024 | 3 | Jun 24, 2024 | 7 | Jul 3, 2024 | 10 |
| -2.79% | Nov 11, 2024 | 5 | Nov 15, 2024 | 2 | Nov 19, 2024 | 7 |
Volatility
Volatility Chart
The current Alger Concentrated Equity ETF volatility is 6.29%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.