CNEQ vs. SMIN
Compare and contrast key facts about Alger Concentrated Equity ETF (CNEQ) and iShares MSCI India Small-Cap ETF (SMIN).
CNEQ and SMIN 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. SMIN is a passively managed fund by iShares that tracks the performance of the MSCI India Small Cap Index. It was launched on Feb 8, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNEQ or SMIN.
Key characteristics
| CNEQ | SMIN | |
|---|---|---|
| Daily Std Dev | 22.71% | 17.30% |
| Max Drawdown | -15.11% | -60.50% |
| Current Drawdown | -3.58% | -0.30% |
Correlation
The correlation between CNEQ and SMIN is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CNEQ vs. SMIN - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CNEQ vs. SMIN - Expense Ratio Comparison
CNEQ has a 0.55% expense ratio, which is lower than SMIN's 0.76% expense ratio.
Risk-Adjusted Performance
CNEQ vs. SMIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Concentrated Equity ETF (CNEQ) and iShares MSCI India Small-Cap ETF (SMIN). 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.
Not enough dataDividends
CNEQ vs. SMIN - Dividend Comparison
CNEQ has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 0.28%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNEQ Alger Concentrated Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMIN iShares MSCI India Small-Cap ETF | 0.28% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% | 0.34% | 0.75% |
Drawdowns
CNEQ vs. SMIN - Drawdown Comparison
The maximum CNEQ drawdown since its inception was -15.11%, smaller than the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for CNEQ and SMIN. For additional features, visit the drawdowns tool.
Volatility
CNEQ vs. SMIN - Volatility Comparison
Alger Concentrated Equity ETF (CNEQ) has a higher volatility of 7.23% compared to iShares MSCI India Small-Cap ETF (SMIN) at 3.28%. This indicates that CNEQ's price experiences larger fluctuations and is considered to be riskier than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.