CNEQ vs. AAPL
Compare and contrast key facts about Alger Concentrated Equity ETF (CNEQ) and Apple Inc (AAPL).
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: CNEQ or AAPL.
Correlation
The correlation between CNEQ and AAPL is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CNEQ vs. AAPL - Performance Comparison
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Key characteristics
CNEQ:
1.02
AAPL:
0.36
CNEQ:
1.55
AAPL:
0.80
CNEQ:
1.22
AAPL:
1.11
CNEQ:
1.20
AAPL:
0.40
CNEQ:
3.71
AAPL:
1.31
CNEQ:
8.88%
AAPL:
10.13%
CNEQ:
31.12%
AAPL:
32.87%
CNEQ:
-27.58%
AAPL:
-81.80%
CNEQ:
-4.01%
AAPL:
-18.24%
Returns By Period
In the year-to-date period, CNEQ achieves a 4.07% return, which is significantly higher than AAPL's -15.43% return.
CNEQ
4.07%
24.78%
9.04%
31.77%
N/A
N/A
AAPL
-15.43%
7.39%
-5.88%
11.79%
22.59%
21.98%
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Risk-Adjusted Performance
CNEQ vs. AAPL — Risk-Adjusted Performance Rank
CNEQ
AAPL
CNEQ vs. AAPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Concentrated Equity ETF (CNEQ) and Apple Inc (AAPL). 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.
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Dividends
CNEQ vs. AAPL - Dividend Comparison
CNEQ's dividend yield for the trailing twelve months is around 0.15%, less than AAPL's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNEQ Alger Concentrated Equity ETF | 0.15% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AAPL Apple Inc | 0.48% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% |
Drawdowns
CNEQ vs. AAPL - Drawdown Comparison
The maximum CNEQ drawdown since its inception was -27.58%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for CNEQ and AAPL. For additional features, visit the drawdowns tool.
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Volatility
CNEQ vs. AAPL - Volatility Comparison
The current volatility for Alger Concentrated Equity ETF (CNEQ) is 8.37%, while Apple Inc (AAPL) has a volatility of 9.68%. This indicates that CNEQ experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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