EUV vs. CNEQ

Last updated Jul 21, 2026

EUV (Corgi Lithography & Semiconductor Photonics ETF) and CNEQ (Alger Concentrated Equity ETF) are both exchange-traded funds - EUV is a Technology Equities fund actively managed by Corgi Funds, while CNEQ is a Large Cap Growth Equities fund actively managed by Alger. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. EUV charges 0.35%/yr vs 0.55%/yr for CNEQ.

Performance

EUV vs. CNEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Corgi Lithography & Semiconductor Photonics ETF (EUV) and Alger Concentrated Equity ETF (CNEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EUV

• 1D: -0.08%
• 1M: -19.50%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CNEQ

• 1D: 0.50%
• 1M: -7.94%
• 6M: 10.15%
• YTD: 12.01%
• 1Y: 27.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUV vs. CNEQ - Yearly Performance Comparison

	2026 (YTD)
EUV Corgi Lithography & Semiconductor Photonics ETF	-7.89%
CNEQ Alger Concentrated Equity ETF	3.83%

Correlation

The correlation between EUV and CNEQ is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 6, 2026	0.68

Return for Risk

EUV vs. CNEQ — Risk / Return Rank

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

EUV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CNEQ

CNEQ Risk / Return Rank: 39
CNEQ Sharpe Ratio Rank: 41
CNEQ Sortino Ratio Rank: 40
CNEQ Omega Ratio Rank: 39
CNEQ Calmar Ratio Rank: 36
CNEQ Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUV vs. CNEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Corgi Lithography & Semiconductor Photonics ETF (EUV) and Alger Concentrated Equity ETF (CNEQ). 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.

	EUV	CNEQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.11	—
Sortino ratio: Return per unit of downside risk	—	1.60	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.42	—
Martin ratio: Return relative to average drawdown	—	4.32	—

Drawdowns

EUV vs. CNEQ - Drawdown Comparison

The maximum EUV drawdown since its inception was -24.11%, smaller than the maximum CNEQ drawdown of -27.58%. Use the drawdown chart below to compare losses from any high point for EUV and CNEQ.

Drawdown Indicators

	EUV	CNEQ	Difference
Max Drawdown Largest peak-to-trough decline	-24.11%	-27.58%	+3.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.30%	—
Current Drawdown Current decline from peak	-24.11%	-7.94%	-16.17%
Average Drawdown Average peak-to-trough decline	-7.27%	-4.86%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.35%	—

Volatility

Volatility by Period

	EUV	CNEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	69.77%	24.71%	+45.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.77%	26.98%	+42.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.77%	26.98%	+42.79%

EUV vs. CNEQ - Expense Ratio Comparison

EUV has a 0.35% expense ratio, which is lower than CNEQ's 0.55% expense ratio.

Dividends

EUV vs. CNEQ - Dividend Comparison

EUV has not paid dividends to shareholders, while CNEQ's dividend yield for the trailing twelve months is around 0.47%.

Position	TTM	2025	2024
CNEQ Alger Concentrated Equity ETF	0.47%	0.52%	0.16%
EUV Corgi Lithography & Semiconductor Photonics ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUV and CNEQ in my portfolio?

EUV and CNEQ have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUV or CNEQ?

On fees, EUV is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUV or CNEQ?

EUV is cheaper with a 0.35% expense ratio, compared with 0.55% for CNEQ.

Which ETF pays a higher dividend yield, EUV or CNEQ?

CNEQ has the higher dividend yield at 0.47%, compared with 0.00% for EUV.

What is the main difference between EUV and CNEQ?

EUV is categorized as Technology Equities, while CNEQ is Large Cap Growth Equities. They also come from different issuers: Corgi Funds and Alger. Their fees differ too: 0.35% for EUV and 0.55% for CNEQ.