CNEQ vs DBND
Comparison between ALGER CONCENTRATED EQUITY ETF (CNEQ, ETF) and DOUBLELINE OPPORTUNISTIC CORE BOND ETF (DBND, ETF).
CNEQ vs DBND - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
CNEQ
$732M
DBND
$729M
Expense Ratio
CNEQ
0.56%
Winner
DBND
0.45%
Max Drawdown
CNEQ
27.58%
Winner
DBND
13.66%
Sharpe Ratio
Winner
CNEQ
1.05
DBND
-0.13
5Y Beta
CNEQ
1.45
Winner
DBND
0.02
P/E Ratio
CNEQ
42.28
DBND
N/A
Forward P/E
CNEQ
25.13
DBND
N/A
PEG Ratio
CNEQ
0.28
DBND
N/A
5Y EPS CAGR
CNEQ
43.23%
DBND
N/A
P/S Ratio
CNEQ
3.83
DBND
N/A
P/B Ratio
CNEQ
9.29
DBND
N/A
CNEQ vs DBND - Historical Returns
Returns include dividend reinvestment.
1M
CNEQ
-3.66%
Winner
DBND
-0.29%
3M
Winner
CNEQ
+9.93%
DBND
-0.93%
6M
Winner
CNEQ
+16.00%
DBND
-0.48%
1Y
Winner
CNEQ
+30.66%
DBND
+3.13%
5Y(CAGR)
CNEQ
N/A
DBND
+2.28%
Max(CAGR)
Winner
CNEQ
+34.67%
DBND
+2.28%
CNEQ vs DBND - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | CNEQ | DBND |
|---|---|---|
| 2026 | +14.29% | -0.44% |
| 2025 | +32.33% | +7.29% |
| 2024 | +28.84% | +3.42% |
| 2023 | N/A | +5.92% |
| 2022 | N/A | -5.94% |
CNEQ vs DBND Drawdown Comparison
The maximum drawdown for CNEQ was -27.58%, occurring on Apr 8, 2025. Recovery took 77 trading sessions.
The maximum drawdown for DBND was -9.39%, occurring on Oct 24, 2022. Recovery took 434 trading sessions.
The current CNEQ drawdown is -5.55%. The current DBND drawdown is -2.08%.
| Rank | CNEQ | DBND |
|---|---|---|
| #1 | -27.58% Feb 14, 2025 - Jun 6, 2025 | -9.39% Apr 5, 2022 - Dec 27, 2023 |
| #2 | -19.31% Oct 29, 2025 - Apr 24, 2026 | -4.11% Sep 16, 2024 - Apr 3, 2025 |
| #3 | -15.11% Jul 10, 2024 - Sep 25, 2024 | -3.16% Feb 1, 2024 - Jun 13, 2024 |
| #4 | -8.57% Jun 2, 2026 - Jun 18, 2026 | -2.83% Feb 27, 2026 - May 19, 2026 |
| #5 | -8.39% Jun 18, 2026 - Jul 17, 2026 | -2.27% Apr 4, 2025 - Jun 24, 2025 |
| #6 | -7.66% Apr 11, 2024 - May 15, 2024 | -1.75% Jun 18, 2024 - Jul 12, 2024 |
| #7 | -7.47% Jan 23, 2025 - Feb 14, 2025 | -1.64% Dec 27, 2023 - Feb 1, 2024 |
| #8 | -5.20% Oct 9, 2025 - Oct 28, 2025 | -1.05% Jul 17, 2024 - Jul 30, 2024 |
| #9 | -4.68% Jan 6, 2025 - Jan 22, 2025 | -1.05% Jun 30, 2025 - Aug 1, 2025 |
| #10 | -4.56% Dec 16, 2024 - Jan 6, 2025 | -0.91% Oct 28, 2025 - Nov 25, 2025 |
| #11 | -4.25% Aug 12, 2025 - Sep 8, 2025 | -0.90% Aug 2, 2024 - Aug 20, 2024 |
| #12 | -3.79% May 14, 2026 - May 21, 2026 | -0.74% Nov 26, 2025 - Dec 29, 2025 |
| #13 | -3.42% Oct 29, 2024 - Nov 6, 2024 | -0.60% Sep 16, 2025 - Oct 13, 2025 |
| #14 | -3.14% Jun 18, 2024 - Jul 3, 2024 | -0.56% Jan 14, 2026 - Feb 5, 2026 |
| #15 | -2.88% Dec 6, 2024 - Dec 16, 2024 | -0.43% Aug 13, 2025 - Aug 22, 2025 |
Correlation
Correlation between CNEQ and DBND is 0.87 which considered as a strong positive correlation - the stocks tend to move together.
0.87
-101
Dividend Comparison (2022 - 2026)
CNEQ vs DBND dividend yield comparison.
| Year | CNEQ | DBND |
|---|---|---|
| 2026 | 0.00% | 2.34% |
| 2025 | 0.52% | 4.78% |
| 2024 | 0.16% | 5.19% |
| 2023 | 0.00% | 4.39% |
| 2022 | 0.00% | 2.74% |
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