CNEQ vs. TOPT
Compare and contrast key facts about Alger Concentrated Equity ETF (CNEQ) and iShares Top 20 U.S. Stocks ETF (TOPT).
CNEQ and TOPT 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. TOPT is a passively managed fund by iShares that tracks the performance of the S&P 500 Top 20 Select Index. It was launched on Nov 23, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNEQ or TOPT.
Correlation
The correlation between CNEQ and TOPT is 0.92, 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. TOPT - Performance Comparison
Key characteristics
CNEQ:
30.12%
TOPT:
28.46%
CNEQ:
-27.58%
TOPT:
-21.21%
CNEQ:
-20.60%
TOPT:
-13.61%
Returns By Period
In the year-to-date period, CNEQ achieves a -13.91% return, which is significantly lower than TOPT's -10.50% return.
CNEQ
-13.91%
-6.62%
-5.96%
11.64%
N/A
N/A
TOPT
-10.50%
-3.30%
N/A
N/A
N/A
N/A
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CNEQ vs. TOPT - Expense Ratio Comparison
CNEQ has a 0.55% expense ratio, which is higher than TOPT's 0.20% expense ratio.
Risk-Adjusted Performance
CNEQ vs. TOPT — Risk-Adjusted Performance Rank
CNEQ
TOPT
CNEQ vs. TOPT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Concentrated Equity ETF (CNEQ) and iShares Top 20 U.S. Stocks ETF (TOPT). 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. TOPT - Dividend Comparison
CNEQ's dividend yield for the trailing twelve months is around 0.18%, less than TOPT's 0.19% yield.
| TTM | 2024 | |
|---|---|---|
CNEQ Alger Concentrated Equity ETF | 0.18% | 0.16% |
TOPT iShares Top 20 U.S. Stocks ETF | 0.19% | 0.08% |
Drawdowns
CNEQ vs. TOPT - Drawdown Comparison
The maximum CNEQ drawdown since its inception was -27.58%, which is greater than TOPT's maximum drawdown of -21.21%. Use the drawdown chart below to compare losses from any high point for CNEQ and TOPT. For additional features, visit the drawdowns tool.
Volatility
CNEQ vs. TOPT - Volatility Comparison
Alger Concentrated Equity ETF (CNEQ) has a higher volatility of 18.53% compared to iShares Top 20 U.S. Stocks ETF (TOPT) at 15.17%. This indicates that CNEQ's price experiences larger fluctuations and is considered to be riskier than TOPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.