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

Correlation

The correlation between CNEQ and SCHG is 0.94, 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.


-0.50.00.51.00.9

Performance

CNEQ vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Concentrated Equity ETF (CNEQ) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

0.00%10.00%20.00%30.00%40.00%OctoberNovemberDecember2025FebruaryMarch
21.51%
15.52%
CNEQ
SCHG

Key characteristics

Daily Std Dev

CNEQ:

23.62%

SCHG:

18.33%

Max Drawdown

CNEQ:

-15.11%

SCHG:

-34.59%

Current Drawdown

CNEQ:

-13.01%

SCHG:

-8.63%

Returns By Period

In the year-to-date period, CNEQ achieves a -5.69% return, which is significantly lower than SCHG's -4.59% return.


CNEQ

YTD

-5.69%

1M

-8.34%

6M

11.29%

1Y

N/A

5Y*

N/A

10Y*

N/A

SCHG

YTD

-4.59%

1M

-6.54%

6M

4.88%

1Y

15.92%

5Y*

18.29%

10Y*

15.69%

*Annualized

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CNEQ vs. SCHG - Expense Ratio Comparison

CNEQ has a 0.55% expense ratio, which is higher than SCHG's 0.04% expense ratio.


CNEQ
Alger Concentrated Equity ETF
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%
Expense ratio chart for SCHG: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Risk-Adjusted Performance

CNEQ vs. SCHG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNEQ

SCHG
The Risk-Adjusted Performance Rank of SCHG is 5252
Overall Rank
The Sharpe Ratio Rank of SCHG is 4848
Sharpe Ratio Rank
The Sortino Ratio Rank of SCHG is 4545
Sortino Ratio Rank
The Omega Ratio Rank of SCHG is 4848
Omega Ratio Rank
The Calmar Ratio Rank of SCHG is 6060
Calmar Ratio Rank
The Martin Ratio Rank of SCHG is 5858
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CNEQ vs. SCHG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Concentrated Equity ETF (CNEQ) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.


Sharpe ratio
No data
CNEQ
SCHG


Chart placeholderNot enough data

Dividends

CNEQ vs. SCHG - Dividend Comparison

CNEQ's dividend yield for the trailing twelve months is around 0.17%, less than SCHG's 0.42% yield.


TTM20242023202220212020201920182017201620152014
CNEQ
Alger Concentrated Equity ETF
0.17%0.16%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SCHG
Schwab U.S. Large-Cap Growth ETF
0.42%0.40%0.46%0.55%0.42%0.52%0.82%1.27%1.01%1.04%1.22%1.09%

Drawdowns

CNEQ vs. SCHG - Drawdown Comparison

The maximum CNEQ drawdown since its inception was -15.11%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for CNEQ and SCHG. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2025FebruaryMarch
-13.01%
-8.63%
CNEQ
SCHG

Volatility

CNEQ vs. SCHG - Volatility Comparison

Alger Concentrated Equity ETF (CNEQ) has a higher volatility of 8.10% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 5.59%. This indicates that CNEQ's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%OctoberNovemberDecember2025FebruaryMarch
8.10%
5.59%
CNEQ
SCHG
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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