CNEQ vs. WSM
CNEQ (Alger Concentrated Equity ETF) is Large Cap Growth Equities fund actively managed by Alger, while WSM (Williams-Sonoma, Inc.) is a stock. Over the past year, CNEQ returned 40.95% vs 47.32% for WSM. At a 0.41 correlation, their price movements are largely independent.
Performance
CNEQ vs. WSM - Performance Comparison
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Returns By Period
In the year-to-date period, CNEQ achieves a 13.44% return, which is significantly lower than WSM's 26.06% return.
CNEQ
- 1D
- 0.41%
- 1M
- -2.01%
- YTD
- 13.44%
- 6M
- 14.69%
- 1Y
- 40.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WSM
- 1D
- 2.19%
- 1M
- 28.73%
- YTD
- 26.06%
- 6M
- 20.02%
- 1Y
- 47.32%
- 3Y*
- 53.75%
- 5Y*
- 23.70%
- 10Y*
- 27.10%
CNEQ vs. WSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CNEQ Alger Concentrated Equity ETF | 13.44% | 33.61% | 29.82% |
WSM Williams-Sonoma, Inc. | 26.06% | -2.09% | 22.33% |
Correlation
The correlation between CNEQ and WSM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2024 | 0.41 |
The correlation between CNEQ and WSM shifts across timeframes, from 0.28 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CNEQ vs. WSM — Risk / Return Rank
CNEQ
WSM
CNEQ vs. WSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Concentrated Equity ETF (CNEQ) and Williams-Sonoma, Inc. (WSM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNEQ | WSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.01 | +0.03 |
| Martin ratioReturn relative to average drawdown | 6.33 | 4.55 | +1.78 |
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Drawdowns
CNEQ vs. WSM - Drawdown Comparison
The maximum CNEQ drawdown since its inception was -27.58%, smaller than the maximum WSM drawdown of -89.01%. Use the drawdown chart below to compare losses from any high point for CNEQ and WSM.
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Drawdown Indicators
| CNEQ | WSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.58% | -89.01% | +61.43% |
Max Drawdown (1Y)Largest decline over 1 year | -19.30% | -23.27% | +3.97% |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.71% | — |
Current DrawdownCurrent decline from peak | -6.11% | 0.00% | -6.11% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -25.03% | +20.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 10.25% | -4.05% |
Volatility
CNEQ vs. WSM - Volatility Comparison
The current volatility for Alger Concentrated Equity ETF (CNEQ) is 8.66%, while Williams-Sonoma, Inc. (WSM) has a volatility of 12.02%. This indicates that CNEQ experiences smaller price fluctuations and is considered to be less risky than WSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNEQ | WSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 12.02% | -3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 18.32% | 25.57% | -7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.32% | 34.63% | -11.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.77% | 44.77% | -18.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.77% | 44.26% | -17.49% |
Dividends
CNEQ vs. WSM - Dividend Comparison
CNEQ's dividend yield for the trailing twelve months is around 0.46%, less than WSM's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNEQ Alger Concentrated Equity ETF | 0.46% | 0.52% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WSM Williams-Sonoma, Inc. | 1.23% | 1.43% | 1.16% | 1.72% | 2.65% | 1.43% | 1.93% | 2.55% | 3.33% | 2.98% | 3.02% | 2.36% |
Frequently Asked Questions
CNEQ and WSM have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WSM has higher volatility (12.02%) compared to CNEQ (8.66%). In terms of maximum drawdown, CNEQ dropped -27.58% vs WSM's -89.01%.
CNEQ currently has the higher Sharpe Ratio (1.69 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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