CNEQ vs. FDG

In the year-to-date period, CNEQ achieves a 4.40% return, which is significantly higher than FDG's -0.76% return.

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CNEQ has a 0.55% expense ratio, which is higher than FDG's 0.45% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Alger Concentrated Equity ETF (CNEQ) and American Century Focused Dynamic Growth ETF (FDG). 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.

The current CNEQ Sharpe Ratio is 1.08, which is comparable to the FDG Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of CNEQ and FDG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

CNEQ's dividend yield for the trailing twelve months is around 0.15%, while FDG has not paid dividends to shareholders.

The maximum CNEQ drawdown since its inception was -27.58%, smaller than the maximum FDG drawdown of -43.69%. Use the drawdown chart below to compare losses from any high point for CNEQ and FDG. For additional features, visit the drawdowns tool.

Alger Concentrated Equity ETF (CNEQ) has a higher volatility of 9.25% compared to American Century Focused Dynamic Growth ETF (FDG) at 8.05%. This indicates that CNEQ's price experiences larger fluctuations and is considered to be riskier than FDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.