CNEQ vs HYEM

Comparison between ALGER CONCENTRATED EQUITY ETF (CNEQ, ETF) and VANECK EMERGING MARKETS HIGH YIELD BOND ETF (HYEM, ETF).

CNEQ vs HYEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CNEQ(ETF)	HYEM(ETF)
Net Assets	$503M	$504M
Expense Ratio	0.56%	0.40%
Max Drawdown	27.58%	40.87%
Sharpe Ratio	1.45	1.37
5Y Beta	1.44	0.23
P/E Ratio	42.98	N/A
Forward P/E	30.22	N/A
PEG Ratio	0.37	N/A
5Y Dividends CAGR	N/A	0.87%
5Y EPS CAGR	42.94%	N/A
P/S Ratio	3.99	N/A
P/B Ratio	8.68	N/A

Net Assets

CNEQ

$503M

Winner

HYEM

$504M

Expense Ratio

CNEQ

0.56%

Winner

HYEM

0.40%

Max Drawdown

Winner

CNEQ

27.58%

HYEM

40.87%

Sharpe Ratio

Winner

CNEQ

1.45

HYEM

1.37

5Y Beta

CNEQ

1.44

Winner

HYEM

0.23

P/E Ratio

CNEQ

42.98

HYEM

N/A

Forward P/E

CNEQ

30.22

HYEM

N/A

PEG Ratio

CNEQ

0.37

HYEM

N/A

5Y Dividends CAGR

CNEQ

N/A

HYEM

0.87%

5Y EPS CAGR

CNEQ

42.94%

HYEM

N/A

P/S Ratio

CNEQ

3.99

HYEM

N/A

P/B Ratio

CNEQ

8.68

HYEM

N/A

CNEQ vs HYEM - Historical Returns

Returns include dividend reinvestment.

Period	CNEQ	HYEM
1 month	+5.31%	+0.76%
3 months	+18.54%	+1.79%
6 months	+12.00%	+4.19%
1 year	+41.20%	+9.57%
5 years(CAGR)	N/A	+2.98%
10 years(CAGR)	N/A	+4.62%
Max(CAGR)	+36.30%	+4.72%

Winner

CNEQ

+5.31%

HYEM

+0.76%

Winner

CNEQ

+18.54%

HYEM

+1.79%

Winner

CNEQ

+12.00%

HYEM

+4.19%

Winner

CNEQ

+41.20%

HYEM

+9.57%

5Y(CAGR)

CNEQ

N/A

HYEM

+2.98%

10Y(CAGR)

CNEQ

N/A

HYEM

+4.62%

Max(CAGR)

Winner

CNEQ

+36.30%

HYEM

+4.72%

CNEQ vs HYEM - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	CNEQ	HYEM
2026	+12.99%	+3.50%
2025	+32.33%	+9.01%
2024	+28.84%	+12.45%
2023	N/A	+7.86%
2022	N/A	-12.90%
2021	N/A	-0.98%
2020	N/A	+6.12%
2019	N/A	+13.10%
2018	N/A	-3.50%
2017	N/A	+8.03%
2016	N/A	+15.76%
2015	N/A	+3.55%
2014	N/A	-2.46%
2013	N/A	-1.69%
2012	N/A	+12.10%

CNEQ vs HYEM Drawdown Comparison

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

The maximum drawdown for HYEM was -30.96%, occurring on Mar 19, 2020. Recovery took 192 trading sessions.

The current CNEQ drawdown is -5.97%. The current HYEM drawdown is -0.35%.

Rank	CNEQ	HYEM
#1	-27.58% Feb 14, 2025 - Jun 6, 2025	-30.96% Feb 12, 2020 - Nov 13, 2020
#2	-19.31% Oct 29, 2025 - Apr 24, 2026	-26.31% Jun 24, 2021 - Sep 17, 2024
#3	-15.11% Jul 10, 2024 - Sep 25, 2024	-14.00% Jul 11, 2014 - May 13, 2016
#4	-7.66% Apr 11, 2024 - May 15, 2024	-9.87% May 9, 2013 - Apr 1, 2014
#5	-7.47% Jan 23, 2025 - Feb 14, 2025	-7.30% Feb 1, 2018 - Feb 5, 2019
#6	-5.97% Jun 2, 2026 - Jun 5, 2026	-5.22% Feb 28, 2025 - May 16, 2025
#7	-5.20% Oct 9, 2025 - Oct 28, 2025	-4.81% Sep 30, 2016 - Jan 5, 2017
#8	-4.68% Jan 6, 2025 - Jan 22, 2025	-4.52% Aug 1, 2019 - Nov 25, 2019
#9	-4.56% Dec 16, 2024 - Jan 6, 2025	-3.51% May 14, 2012 - Jun 25, 2012
#10	-4.25% Aug 12, 2025 - Sep 8, 2025	-2.73% Feb 25, 2026 - Apr 16, 2026
#11	-3.79% May 14, 2026 - May 21, 2026	-2.50% Jun 25, 2012 - Jul 13, 2012
#12	-3.42% Oct 29, 2024 - Nov 6, 2024	-2.02% Feb 19, 2021 - May 6, 2021
#13	-3.14% Jun 18, 2024 - Jul 3, 2024	-1.78% Sep 11, 2012 - Oct 16, 2012
#14	-2.88% Dec 6, 2024 - Dec 16, 2024	-1.77% Jan 23, 2013 - Apr 4, 2013
#15	-2.79% Nov 8, 2024 - Nov 19, 2024	-1.60% Jan 17, 2020 - Feb 12, 2020

Correlation

Correlation between CNEQ and HYEM is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2012 - 2026)

CNEQ vs HYEM dividend yield comparison.

Year	CNEQ	HYEM
2026	0.00%	2.69%
2025	0.52%	6.67%
2024	0.16%	6.34%
2023	0.00%	6.27%
2022	0.00%	6.47%
2021	0.00%	5.33%
2020	0.00%	5.56%
2019	0.00%	6.14%
2018	0.00%	5.71%
2017	0.00%	5.86%
2016	0.00%	6.25%
2015	0.00%	7.64%
2014	0.00%	6.77%
2013	0.00%	6.14%
2012	0.00%	3.91%