CNEQ vs. ATFV
Compare and contrast key facts about Alger Concentrated Equity ETF (CNEQ) and Alger 35 ETF (ATFV).
CNEQ and ATFV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNEQ is an actively managed fund by Alger. It was launched on Apr 4, 2024. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNEQ or ATFV.
Correlation
The correlation between CNEQ and ATFV is 0.91, 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
CNEQ vs. ATFV - Performance Comparison
Key characteristics
CNEQ:
0.38
ATFV:
0.25
CNEQ:
0.71
ATFV:
0.54
CNEQ:
1.10
ATFV:
1.07
CNEQ:
0.41
ATFV:
0.26
CNEQ:
1.53
ATFV:
0.94
CNEQ:
7.44%
ATFV:
8.14%
CNEQ:
30.12%
ATFV:
30.82%
CNEQ:
-27.58%
ATFV:
-45.34%
CNEQ:
-20.60%
ATFV:
-22.83%
Returns By Period
In the year-to-date period, CNEQ achieves a -13.91% return, which is significantly higher than ATFV's -14.64% return.
CNEQ
-13.91%
-6.62%
-5.96%
11.64%
N/A
N/A
ATFV
-14.64%
-6.45%
-6.90%
8.37%
N/A
N/A
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CNEQ vs. ATFV - Expense Ratio Comparison
Both CNEQ and ATFV have an expense ratio of 0.55%.
Risk-Adjusted Performance
CNEQ vs. ATFV — Risk-Adjusted Performance Rank
CNEQ
ATFV
CNEQ vs. ATFV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Concentrated Equity ETF (CNEQ) and Alger 35 ETF (ATFV). 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
CNEQ vs. ATFV - Dividend Comparison
CNEQ's dividend yield for the trailing twelve months is around 0.18%, less than ATFV's 0.19% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
CNEQ Alger Concentrated Equity ETF | 0.18% | 0.16% | 0.00% | 0.00% |
ATFV Alger 35 ETF | 0.19% | 0.16% | 0.01% | 0.05% |
Drawdowns
CNEQ vs. ATFV - Drawdown Comparison
The maximum CNEQ drawdown since its inception was -27.58%, smaller than the maximum ATFV drawdown of -45.34%. Use the drawdown chart below to compare losses from any high point for CNEQ and ATFV. For additional features, visit the drawdowns tool.
Volatility
CNEQ vs. ATFV - Volatility Comparison
Alger Concentrated Equity ETF (CNEQ) has a higher volatility of 18.53% compared to Alger 35 ETF (ATFV) at 17.39%. This indicates that CNEQ's price experiences larger fluctuations and is considered to be riskier than ATFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.