CNEQ vs DSPY
Comparison between ALGER CONCENTRATED EQUITY ETF (CNEQ, ETF) and TEMA S&P 500 HISTORICAL WEIGHT ETF STRATEGY (DSPY, ETF).
CNEQ vs DSPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CNEQ
$968M
Winner
DSPY
$970M
Expense Ratio
CNEQ
0.56%
Winner
DSPY
0.18%
Max Drawdown
CNEQ
27.58%
Winner
DSPY
12.15%
Sharpe Ratio
CNEQ
0.92
Winner
DSPY
1.48
5Y Beta
CNEQ
1.46
Winner
DSPY
0.89
P/E Ratio
CNEQ
36.51
Winner
DSPY
25.12
Forward P/E
CNEQ
23.12
Winner
DSPY
19.87
PEG Ratio
CNEQ
N/A
DSPY
0.49
5Y EPS CAGR
Winner
CNEQ
45.36%
DSPY
22.95%
Debt to Equity
CNEQ
N/A
DSPY
70.72%
P/S Ratio
CNEQ
3.77
Winner
DSPY
2.96
P/B Ratio
CNEQ
8.63
Winner
DSPY
4.69
CNEQ vs DSPY - Holdings Comparison
CNEQ and DSPY have 14 common holdings. Overlap is 22.36%
CNEQ's top 25 holdings weight is 94.11%. DSPY's top 25 holdings weight is 33.73%.
| Rank | CNEQ | DSPY |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 14.42% | NVIDIA CORP (NVDA) - 4.16% |
| #2 | MICROSOFT CORP (MSFT) - 8.08% | APPLE INC (AAPL) - 3.31% |
| #3 | ALPHABET INC CLASS C (GOOG) - 5.67% | MICROSOFT CORP (MSFT) - 2.69% |
| #4 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 5.56% | AMAZON.COM INC (AMZN) - 2.23% |
| #5 | BROADCOM INC (AVGO) - 5.20% | BROADCOM INC (AVGO) - 1.94% |
| #6 | APPLE INC (AAPL) - 4.81% | META PLATFORMS INC CLASS A (META) - 1.70% |
| #7 | AMAZON.COM INC (AMZN) - 4.43% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% |
| #8 | NEBIUS GROUP NV SHS CLASS-A- (NBIS) - 3.94% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #9 | WESTERN DIGITAL CORP (WDC) - 3.93% | ELI LILLY AND CO (LLY) - 1.34% |
| #10 | ANTHROPIC (n/a) - 3.81% | MICRON TECHNOLOGY INC (MU) - 1.25% |
| #11 | META PLATFORMS INC CLASS A (META) - 3.22% | ALPHABET INC CLASS A (GOOGL) - 1.24% |
| #12 | SEA LTD ADR (SE) - 3.17% | TESLA INC (TSLA) - 1.23% |
| #13 | TALEN ENERGY CORP ORDINARY SHARES NEW (TLN) - 3.16% | EXXONMOBIL HOLDINGS CORP (XOM) - 1.14% |
| #14 | MICRON TECHNOLOGY INC (MU) - 2.90% | JOHNSON & JOHNSON (JNJ) - 1.12% |
| #15 | QXO INC (QXO) - 2.75% | VISA INC CLASS A (V) - 1.08% |
| #16 | GE VERNOVA INC (GEV) - 2.70% | ADVANCED MICRO DEVICES INC (AMD) - 1.05% |
| #17 | TESLA INC (TSLA) - 2.58% | ALPHABET INC CLASS C (GOOG) - 1.00% |
| #18 | HEICO CORP CLASS A (HEI-A) - 2.14% | CISCO SYSTEMS INC (CSCO) - 0.91% |
| #19 | SPACE EXPLORATION TECHNOLOGIES CORP CLASS A (SPCX) - 1.79% | WALMART INC (WMT) - 0.88% |
| #20 | ELI LILLY AND CO (LLY) - 1.78% | MASTERCARD INC CLASS A (MA) - 0.87% |
| #21 | NATERA INC (NTRA) - 1.77% | THE WALT DISNEY CO (DIS) - 0.38% |
| #22 | ADVANCED MICRO DEVICES INC (AMD) - 1.69% | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 0.37% |
| #23 | NOVO NORDISK AS ADR (NVO) - 1.65% | AT&T INC (T) - 0.37% |
| #24 | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 1.50% | AMERICAN EXPRESS CO (AXP) - 0.35% |
| #25 | FIGURE AI (n/a) - 1.46% | BOEING CO (BA) - 0.35% |
| Total Holdings | 31 | 467 |
CNEQ vs DSPY - Historical Returns
Returns include dividend reinvestment.
1M
CNEQ
+0.20%
Winner
DSPY
+2.59%
3M
CNEQ
-0.83%
Winner
DSPY
+5.20%
6M
Winner
CNEQ
+17.79%
DSPY
+12.09%
1Y
Winner
CNEQ
+27.24%
DSPY
+23.64%
Max(CAGR)
Winner
CNEQ
+33.36%
DSPY
+25.28%
CNEQ vs DSPY - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | CNEQ | DSPY |
|---|---|---|
| 2026 | +14.52% | +15.17% |
| 2025 | +32.33% | +18.46% |
| 2024 | +28.84% | N/A |
CNEQ vs DSPY Drawdown Comparison
The maximum drawdown for CNEQ was -27.58%, occurring on Apr 8, 2025. Recovery took 77 trading sessions.
The maximum drawdown for DSPY was -12.15%, occurring on Apr 8, 2025. Recovery took 27 trading sessions.
The current CNEQ drawdown is -5.36%. The current DSPY drawdown is -2.03%.
| Rank | CNEQ | DSPY |
|---|---|---|
| #1 | -27.58% Feb 14, 2025 - Jun 6, 2025 | -12.15% Apr 2, 2025 - May 12, 2025 |
| #2 | -19.31% Oct 29, 2025 - Apr 24, 2026 | -7.55% Feb 25, 2026 - Apr 14, 2026 |
| #3 | -15.11% Jul 10, 2024 - Sep 25, 2024 | -4.84% Oct 27, 2025 - Dec 10, 2025 |
| #4 | -13.12% Jun 18, 2026 - Jul 29, 2026 | -3.43% Jun 2, 2026 - Jun 15, 2026 |
| #5 | -8.57% Jun 2, 2026 - Jun 18, 2026 | -2.85% Jul 10, 2026 - Aug 4, 2026 |
| #6 | -7.66% Apr 11, 2024 - May 15, 2024 | -2.76% Oct 8, 2025 - Oct 24, 2025 |
| #7 | -7.47% Jan 23, 2025 - Feb 14, 2025 | -2.61% May 19, 2025 - Jun 6, 2025 |
| #8 | -5.20% Oct 9, 2025 - Oct 28, 2025 | -2.56% Jul 25, 2025 - Aug 13, 2025 |
| #9 | -4.68% Jan 6, 2025 - Jan 22, 2025 | -2.51% Aug 14, 2026 - Aug 20, 2026 |
| #10 | -4.56% Dec 16, 2024 - Jan 6, 2025 | -2.10% Dec 11, 2025 - Dec 23, 2025 |
| #11 | -4.25% Aug 12, 2025 - Sep 8, 2025 | -1.98% Feb 2, 2026 - Feb 6, 2026 |
| #12 | -3.79% May 14, 2026 - May 21, 2026 | -1.88% Jun 15, 2026 - Jun 30, 2026 |
| #13 | -3.42% Oct 29, 2024 - Nov 6, 2024 | -1.87% Jan 12, 2026 - Jan 27, 2026 |
| #14 | -3.14% Jun 18, 2024 - Jul 3, 2024 | -1.74% May 14, 2026 - May 22, 2026 |
| #15 | -2.88% Dec 6, 2024 - Dec 16, 2024 | -1.45% Feb 11, 2026 - Feb 25, 2026 |
Correlation
Correlation between CNEQ and DSPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2024 - 2026)
CNEQ vs DSPY dividend yield comparison.
| Year | CNEQ | DSPY |
|---|---|---|
| 2026 | 0.00% | 0.35% |
| 2025 | 0.52% | 0.72% |
| 2024 | 0.16% | 0.00% |
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