ATFV vs. CNEQ
Compare and contrast key facts about Alger 35 ETF (ATFV) and Alger Concentrated Equity ETF (CNEQ).
ATFV and CNEQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ATFV is a passively managed fund by Alger Group Holdings LLC that tracks the performance of the S&P 500. It was launched on May 4, 2021. CNEQ is an actively managed fund by Alger. It was launched on Apr 4, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ATFV or CNEQ.
Correlation
The correlation between ATFV and CNEQ is 0.81, 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.
Performance
ATFV vs. CNEQ - Performance Comparison
Key characteristics
ATFV:
0.68
CNEQ:
0.68
ATFV:
1.07
CNEQ:
1.09
ATFV:
1.15
CNEQ:
1.15
ATFV:
0.72
CNEQ:
0.76
ATFV:
2.33
CNEQ:
2.51
ATFV:
9.02%
CNEQ:
8.33%
ATFV:
31.00%
CNEQ:
30.58%
ATFV:
-45.34%
CNEQ:
-27.58%
ATFV:
-19.38%
CNEQ:
-18.46%
Returns By Period
In the year-to-date period, ATFV achieves a -10.82% return, which is significantly higher than CNEQ's -11.60% return.
ATFV
-10.82%
-5.68%
-1.84%
18.63%
N/A
N/A
CNEQ
-11.60%
-7.71%
-4.02%
18.88%
N/A
N/A
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ATFV vs. CNEQ - Expense Ratio Comparison
Both ATFV and CNEQ have an expense ratio of 0.55%.
Risk-Adjusted Performance
ATFV vs. CNEQ — Risk-Adjusted Performance Rank
ATFV
CNEQ
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.
Dividends
ATFV vs. CNEQ - Dividend Comparison
ATFV's dividend yield for the trailing twelve months is around 0.18%, which matches CNEQ's 0.18% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
ATFV Alger 35 ETF | 0.18% | 0.16% | 0.01% | 0.05% |
CNEQ Alger Concentrated Equity ETF | 0.18% | 0.16% | 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 -27.58%. Use the drawdown chart below to compare losses from any high point for ATFV and CNEQ. For additional features, visit the drawdowns tool.
Volatility
ATFV vs. CNEQ - Volatility Comparison
The current volatility for Alger 35 ETF (ATFV) is 17.60%, while Alger Concentrated Equity ETF (CNEQ) has a volatility of 18.89%. This indicates that ATFV experiences smaller price fluctuations and is considered to be less risky than CNEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.