CNEQ vs EQL
Comparison between ALGER CONCENTRATED EQUITY ETF (CNEQ, ETF) and ALPS EQUAL SECTOR WEIGHT ETF (EQL, ETF).
CNEQ vs EQL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CNEQ
$732M
Winner
EQL
$733M
Expense Ratio
CNEQ
0.56%
Winner
EQL
0.19%
Max Drawdown
Winner
CNEQ
27.58%
EQL
36.36%
Sharpe Ratio
CNEQ
1.05
Winner
EQL
1.28
5Y Beta
CNEQ
1.45
Winner
EQL
0.69
P/E Ratio
CNEQ
42.28
Winner
EQL
27.81
Forward P/E
CNEQ
25.13
Winner
EQL
20.95
PEG Ratio
CNEQ
0.28
EQL
N/A
5Y Dividends CAGR
CNEQ
N/A
EQL
8.44%
5Y EPS CAGR
Winner
CNEQ
43.23%
EQL
18.51%
Debt to Equity
CNEQ
N/A
EQL
42.29%
P/S Ratio
CNEQ
3.83
Winner
EQL
2.73
P/B Ratio
CNEQ
9.29
Winner
EQL
4.03
CNEQ vs EQL - Holdings Comparison
CNEQ and EQL have 16 common holdings. Overlap is 14.20%
CNEQ's top 25 holdings weight is 94.55%. EQL's top 25 holdings weight is 37.33%.
| Rank | CNEQ | EQL |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 12.98% | ALPHABET INC CLASS A (GOOGL) - 5.40% |
| #2 | MICROSOFT CORP (MSFT) - 6.12% | AMAZON.COM INC (AMZN) - 3.64% |
| #3 | ALPHABET INC CLASS C (GOOG) - 5.94% | EXXONMOBIL HOLDINGS CORP (XOM) - 2.54% |
| #4 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 5.87% | META PLATFORMS INC CLASS A (META) - 2.00% |
| #5 | ANTHROPIC (n/a) - 5.25% | LINDE PLC (LIN) - 1.88% |
| #6 | APPLE INC (AAPL) - 4.86% | NVIDIA CORP (NVDA) - 1.84% |
| #7 | WESTERN DIGITAL CORP (WDC) - 4.78% | APPLE INC (AAPL) - 1.80% |
| #8 | AMAZON.COM INC (AMZN) - 4.23% | TESLA INC (TSLA) - 1.68% |
| #9 | BROADCOM INC (AVGO) - 4.20% | ELI LILLY AND CO (LLY) - 1.53% |
| #10 | NEBIUS GROUP NV SHS CLASS-A- (NBIS) - 4.11% | CHEVRON CORP (CVX) - 1.53% |
| #11 | SPACE EXPLORATION TECHNOLOGIES CORP CLASS A (SPCX) - 3.41% | WALMART INC (WMT) - 1.49% |
| #12 | TESLA INC (TSLA) - 3.21% | WELLTOWER INC (WELL) - 1.31% |
| #13 | TALEN ENERGY CORP ORDINARY SHARES NEW (TLN) - 3.14% | COSTCO WHOLESALE CORP (COST) - 1.23% |
| #14 | GE VERNOVA INC (GEV) - 3.04% | NEXTERA ENERGY INC (NEE) - 1.21% |
| #15 | META PLATFORMS INC CLASS A (META) - 3.03% | MICROSOFT CORP (MSFT) - 1.08% |
| #16 | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 2.76% | COCA-COLA CO (KO) - 1.07% |
| #17 | QXO INC (QXO) - 2.75% | JPMORGAN CHASE & CO (JPM) - 1.07% |
| #18 | SEA LTD ADR (SE) - 2.49% | PROLOGIS INC (PLD) - 1.06% |
| #19 | HEICO CORP CLASS A (HEI-A) - 2.09% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.05% |
| #20 | FIGURE AI (n/a) - 2.02% | PROCTER & GAMBLE CO (PG) - 1.04% |
| #21 | ASTERA LABS INC (ALAB) - 1.78% | PPG INDUSTRIES INC (PPG) - 0.40% |
| #22 | ELI LILLY AND CO (LLY) - 1.76% | MONSTER BEVERAGE CORP (MNST) - 0.40% |
| #23 | MICRON TECHNOLOGY INC (MU) - 1.64% | VENTAS INC (VTR) - 0.36% |
| #24 | NATERA INC (NTRA) - 1.58% | ALTRIA GROUP INC (MO) - 0.36% |
| #25 | NOVO NORDISK AS ADR (NVO) - 1.51% | BLACKROCK INC (BLK) - 0.36% |
| Total Holdings | 31 | 447 |
CNEQ vs EQL - Historical Returns
Returns include dividend reinvestment.
1M
CNEQ
-3.66%
Winner
EQL
+1.37%
3M
Winner
CNEQ
+9.93%
EQL
+3.26%
6M
Winner
CNEQ
+16.00%
EQL
+7.05%
1Y
Winner
CNEQ
+30.66%
EQL
+16.58%
5Y(CAGR)
CNEQ
N/A
EQL
+10.77%
10Y(CAGR)
CNEQ
N/A
EQL
+12.30%
Max(CAGR)
Winner
CNEQ
+34.67%
EQL
+13.60%
CNEQ vs EQL - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | CNEQ | EQL |
|---|---|---|
| 2026 | +14.29% | +9.66% |
| 2025 | +32.33% | +13.32% |
| 2024 | +28.84% | +16.33% |
| 2023 | N/A | +17.25% |
| 2022 | N/A | -10.83% |
| 2021 | N/A | +31.31% |
| 2020 | N/A | +10.55% |
| 2019 | N/A | +27.93% |
| 2018 | N/A | -6.48% |
| 2017 | N/A | +17.71% |
| 2016 | N/A | +14.59% |
| 2015 | N/A | -1.15% |
| 2014 | N/A | +14.14% |
| 2013 | N/A | +27.40% |
| 2012 | N/A | +12.86% |
| 2011 | N/A | +1.53% |
| 2010 | N/A | +13.63% |
| 2009 | N/A | +28.94% |
CNEQ vs EQL Drawdown Comparison
The maximum drawdown for CNEQ was -27.58%, occurring on Apr 8, 2025. Recovery took 77 trading sessions.
The maximum drawdown for EQL was -35.65%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.
The current CNEQ drawdown is -5.55%. The current EQL drawdown is -0.64%.
| Rank | CNEQ | EQL |
|---|---|---|
| #1 | -27.58% Feb 14, 2025 - Jun 6, 2025 | -35.65% Feb 19, 2020 - Sep 2, 2020 |
| #2 | -19.31% Oct 29, 2025 - Apr 24, 2026 | -19.23% Mar 29, 2022 - Jul 25, 2023 |
| #3 | -15.11% Jul 10, 2024 - Sep 25, 2024 | -18.66% Jul 7, 2011 - Feb 7, 2012 |
| #4 | -8.57% Jun 2, 2026 - Jun 18, 2026 | -17.43% Sep 21, 2018 - Apr 2, 2019 |
| #5 | -8.39% Jun 18, 2026 - Jul 17, 2026 | -15.34% Apr 23, 2010 - Nov 4, 2010 |
| #6 | -7.66% Apr 11, 2024 - May 15, 2024 | -15.08% Nov 29, 2024 - Jun 30, 2025 |
| #7 | -7.47% Jan 23, 2025 - Feb 14, 2025 | -13.01% May 21, 2015 - Apr 19, 2016 |
| #8 | -5.20% Oct 9, 2025 - Oct 28, 2025 | -10.32% Jul 31, 2023 - Dec 13, 2023 |
| #9 | -4.68% Jan 6, 2025 - Jan 22, 2025 | -9.49% Jan 26, 2018 - Aug 20, 2018 |
| #10 | -4.56% Dec 16, 2024 - Jan 6, 2025 | -9.02% Apr 2, 2012 - Aug 8, 2012 |
| #11 | -4.25% Aug 12, 2025 - Sep 8, 2025 | -8.66% Jan 4, 2022 - Mar 29, 2022 |
| #12 | -3.79% May 14, 2026 - May 21, 2026 | -8.32% Jan 19, 2010 - Mar 16, 2010 |
| #13 | -3.42% Oct 29, 2024 - Nov 6, 2024 | -8.22% Sep 2, 2020 - Nov 9, 2020 |
| #14 | -3.14% Jun 18, 2024 - Jul 3, 2024 | -6.99% Oct 18, 2012 - Jan 2, 2013 |
| #15 | -2.88% Dec 6, 2024 - Dec 16, 2024 | -6.90% Sep 19, 2014 - Oct 31, 2014 |
Correlation
Correlation between CNEQ and EQL is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2009 - 2026)
CNEQ vs EQL dividend yield comparison.
| Year | CNEQ | EQL |
|---|---|---|
| 2026 | 0.00% | 0.49% |
| 2025 | 0.52% | 1.73% |
| 2024 | 0.16% | 1.78% |
| 2023 | 0.00% | 1.96% |
| 2022 | 0.00% | 2.14% |
| 2021 | 0.00% | 1.69% |
| 2020 | 0.00% | 2.29% |
| 2019 | 0.00% | 1.95% |
| 2018 | 0.00% | 2.39% |
| 2017 | 0.00% | 1.97% |
| 2016 | 0.00% | 2.89% |
| 2015 | 0.00% | 2.07% |
| 2014 | 0.00% | 1.68% |
| 2013 | 0.00% | 1.55% |
| 2012 | 0.00% | 2.09% |
| 2011 | 0.00% | 1.87% |
| 2010 | 0.00% | 1.72% |
| 2009 | 0.00% | 1.00% |
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