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

Key characteristics


ATFVCNEQ
Daily Std Dev21.69%21.75%
Max Drawdown-45.34%-15.11%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.00.9

The correlation between ATFV and CNEQ is 0.88, 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

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
19.09%
25.20%
ATFV
CNEQ

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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%

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.


ATFV
Sharpe ratio
The chart of Sharpe ratio for ATFV, currently valued at 2.68, compared to the broader market-2.000.002.004.002.68
Sortino ratio
The chart of Sortino ratio for ATFV, currently valued at 3.34, compared to the broader market-2.000.002.004.006.008.0010.0012.003.34
Omega ratio
The chart of Omega ratio for ATFV, currently valued at 1.43, compared to the broader market1.001.502.002.503.001.43
Calmar ratio
The chart of Calmar ratio for ATFV, currently valued at 1.65, compared to the broader market0.005.0010.0015.001.65
Martin ratio
The chart of Martin ratio for ATFV, currently valued at 15.01, compared to the broader market0.0020.0040.0060.0080.00100.0015.01
CNEQ
Sharpe ratio
No data

ATFV vs. CNEQ - Sharpe Ratio Comparison


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%JuneJulyAugustSeptemberOctoberNovember00
ATFV
CNEQ

Volatility

ATFV vs. CNEQ - Volatility Comparison

Alger 35 ETF (ATFV) and Alger Concentrated Equity ETF (CNEQ) have volatilities of 6.06% and 6.00%, 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
6.06%
6.00%
ATFV
CNEQ