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ATFV vs. CNEQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

ATFV vs. CNEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger 35 ETF (ATFV) and Alger Concentrated Equity ETF (CNEQ). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
18.19%
21.26%
ATFV
CNEQ

Returns By Period


ATFV

YTD

45.42%

1M

9.87%

6M

18.19%

1Y

57.05%

5Y (annualized)

N/A

10Y (annualized)

N/A

CNEQ

YTD

N/A

1M

7.31%

6M

21.26%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


ATFVCNEQ
Daily Std Dev21.53%21.43%
Max Drawdown-45.34%-15.11%
Current Drawdown0.00%-0.33%

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ATFV vs. CNEQ - Expense Ratio Comparison

Both ATFV and CNEQ have an expense ratio of 0.55%.


ATFV
Alger 35 ETF
Expense ratio chart for ATFV: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%
Expense ratio chart for CNEQ: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%

Correlation

-0.50.00.51.00.9

The correlation between ATFV and CNEQ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Risk-Adjusted Performance

ATFV vs. CNEQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger 35 ETF (ATFV) and Alger Concentrated Equity ETF (CNEQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for ATFV, currently valued at 2.65, compared to the broader market0.002.004.002.65
The chart of Sortino ratio for ATFV, currently valued at 3.29, compared to the broader market-2.000.002.004.006.008.0010.0012.003.29
The chart of Omega ratio for ATFV, currently valued at 1.43, compared to the broader market0.501.001.502.002.503.001.43
The chart of Calmar ratio for ATFV, currently valued at 1.81, compared to the broader market0.005.0010.0015.0020.001.81
The chart of Martin ratio for ATFV, currently valued at 14.72, compared to the broader market0.0020.0040.0060.0080.00100.0014.72
ATFV
CNEQ

Chart placeholderNot enough data

Dividends

ATFV vs. CNEQ - Dividend Comparison

ATFV's dividend yield for the trailing twelve months is around 0.01%, while CNEQ has not paid dividends to shareholders.


TTM20232022
ATFV
Alger 35 ETF
0.01%0.01%0.05%
CNEQ
Alger Concentrated Equity ETF
0.00%0.00%0.00%

Drawdowns

ATFV vs. CNEQ - Drawdown Comparison

The maximum ATFV drawdown since its inception was -45.34%, which is greater than CNEQ's maximum drawdown of -15.11%. Use the drawdown chart below to compare losses from any high point for ATFV and CNEQ. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.33%
ATFV
CNEQ

Volatility

ATFV vs. CNEQ - Volatility Comparison

Alger 35 ETF (ATFV) and Alger Concentrated Equity ETF (CNEQ) have volatilities of 6.01% and 6.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


4.00%5.00%6.00%7.00%8.00%9.00%10.00%JuneJulyAugustSeptemberOctoberNovember
6.01%
6.29%
ATFV
CNEQ