BCX vs CNEQ

Comparison between BlackRock Resources & Commodities Strategy Trust (BCX, ETF) and ALGER CONCENTRATED EQUITY ETF (CNEQ, ETF).

BCX vs CNEQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BCX(ETF)	CNEQ(ETF)
Net Assets	$968M	$968M
Expense Ratio	N/A	0.56%
Max Drawdown	82.29%	27.58%
Sharpe Ratio	1.83	0.92
5Y Beta	0.55	1.46
P/E Ratio	N/A	36.51
Forward P/E	N/A	23.12
5Y Dividends CAGR	13.55%	N/A
5Y EPS CAGR	N/A	45.36%
P/S Ratio	N/A	3.77
P/B Ratio	N/A	8.63

Net Assets

Winner

BCX

$968M

CNEQ

$968M

Expense Ratio

BCX

N/A

CNEQ

0.56%

Max Drawdown

BCX

82.29%

Winner

CNEQ

27.58%

Sharpe Ratio

Winner

BCX

1.83

CNEQ

0.92

5Y Beta

Winner

BCX

0.55

CNEQ

1.46

P/E Ratio

BCX

N/A

CNEQ

36.51

Forward P/E

BCX

N/A

CNEQ

23.12

5Y Dividends CAGR

BCX

13.55%

CNEQ

N/A

5Y EPS CAGR

BCX

N/A

CNEQ

45.36%

P/S Ratio

BCX

N/A

CNEQ

3.77

P/B Ratio

BCX

N/A

CNEQ

8.63

BCX vs CNEQ - Historical Returns

Returns include dividend reinvestment.

Period	BCX	CNEQ
1 month	+15.20%	+0.20%
3 months	+11.57%	-0.83%
6 months	+7.27%	+17.79%
1 year	+47.13%	+27.24%
5 years(CAGR)	+16.18%	N/A
10 years(CAGR)	+12.88%	N/A
Max(CAGR)	+5.17%	+33.36%

Winner

BCX

+15.20%

CNEQ

+0.20%

Winner

BCX

+11.57%

CNEQ

-0.83%

BCX

+7.27%

Winner

CNEQ

+17.79%

Winner

BCX

+47.13%

CNEQ

+27.24%

5Y(CAGR)

BCX

+16.18%

CNEQ

N/A

10Y(CAGR)

BCX

+12.88%

CNEQ

N/A

Max(CAGR)

BCX

+5.17%

Winner

CNEQ

+33.36%

BCX vs CNEQ - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	BCX	CNEQ
2026	+23.38%	+14.52%
2025	+37.92%	+32.33%
2024	+2.17%	+28.84%
2023	-2.90%	N/A
2022	+12.24%	N/A
2021	+32.34%	N/A
2020	-0.73%	N/A
2019	+20.21%	N/A
2018	-23.72%	N/A
2017	+25.52%	N/A
2016	+26.38%	N/A
2015	-20.37%	N/A
2014	-8.86%	N/A
2013	-3.69%	N/A
2012	+3.15%	N/A
2011	-28.96%	N/A

BCX vs CNEQ Drawdown Comparison

The maximum drawdown for BCX was -62.40%, occurring on Mar 18, 2020. Recovery took 2483 trading sessions.

The maximum drawdown for CNEQ was -27.58%, occurring on Apr 8, 2025. Recovery took 77 trading sessions.

The current CNEQ drawdown is -5.36%.

Rank	BCX	CNEQ
#1	-62.40% Apr 7, 2011 - Feb 19, 2021	-27.58% Feb 14, 2025 - Jun 6, 2025
#2	-29.22% Apr 18, 2022 - May 27, 2025	-19.31% Oct 29, 2025 - Apr 24, 2026
#3	-18.81% Mar 2, 2026 - Aug 21, 2026	-15.11% Jul 10, 2024 - Sep 25, 2024
#4	-15.87% Jun 14, 2021 - Jan 11, 2022	-13.12% Jun 18, 2026 - Jul 29, 2026
#5	-9.00% Mar 10, 2022 - Mar 22, 2022	-8.57% Jun 2, 2026 - Jun 18, 2026
#6	-6.79% Mar 15, 2021 - Apr 30, 2021	-7.66% Apr 11, 2024 - May 15, 2024
#7	-6.16% Jan 18, 2022 - Feb 9, 2022	-7.47% Jan 23, 2025 - Feb 14, 2025
#8	-5.91% Jan 29, 2026 - Feb 10, 2026	-5.20% Oct 9, 2025 - Oct 28, 2025
#9	-5.53% Oct 1, 2025 - Nov 11, 2025	-4.68% Jan 6, 2025 - Jan 22, 2025
#10	-4.97% Nov 11, 2025 - Nov 26, 2025	-4.56% Dec 16, 2024 - Jan 6, 2025
#11	-4.54% May 10, 2021 - Jun 11, 2021	-4.25% Aug 12, 2025 - Sep 8, 2025
#12	-4.09% Mar 25, 2022 - Apr 14, 2022	-3.79% May 14, 2026 - May 21, 2026
#13	-4.09% Feb 11, 2026 - Feb 26, 2026	-3.42% Oct 29, 2024 - Nov 6, 2024
#14	-3.91% Feb 24, 2021 - Mar 2, 2021	-3.14% Jun 18, 2024 - Jul 3, 2024
#15	-3.51% Feb 11, 2022 - Feb 25, 2022	-2.88% Dec 6, 2024 - Dec 16, 2024

Correlation

Correlation between BCX and CNEQ is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2011 - 2026)

BCX vs CNEQ dividend yield comparison.

Year	BCX	CNEQ
2026	4.22%	0.00%
2025	7.62%	0.52%
2024	7.49%	0.16%
2023	7.00%	0.00%
2022	5.52%	0.00%
2021	5.13%	0.00%
2020	7.10%	0.00%
2019	7.67%	0.00%
2018	8.77%	0.00%
2017	6.19%	0.00%
2016	6.98%	0.00%
2015	11.38%	0.00%
2014	9.53%	0.00%
2013	9.50%	0.00%
2012	10.47%	0.00%
2011	7.91%	0.00%