CNEQ vs TSME
Comparison between ALGER CONCENTRATED EQUITY ETF (CNEQ, ETF) and THRIVENT SMALL-MID CAP EQUITY ETF (TSME, ETF).
CNEQ vs TSME - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
CNEQ
$968M
TSME
$966M
Expense Ratio
Winner
CNEQ
0.56%
TSME
0.65%
Max Drawdown
CNEQ
27.58%
Winner
TSME
26.86%
Sharpe Ratio
Winner
CNEQ
0.92
TSME
0.75
5Y Beta
CNEQ
1.46
Winner
TSME
1.20
P/E Ratio
CNEQ
36.51
Winner
TSME
32.37
Forward P/E
CNEQ
23.12
Winner
TSME
21.16
5Y EPS CAGR
Winner
CNEQ
45.36%
TSME
16.72%
Debt to Equity
CNEQ
N/A
TSME
121.59%
P/S Ratio
CNEQ
3.77
Winner
TSME
2.28
P/B Ratio
CNEQ
8.63
Winner
TSME
3.90
CNEQ vs TSME - Holdings Comparison
CNEQ and TSME have 2 common holdings. Overlap is 1.25%
CNEQ's top 25 holdings weight is 94.11%. TSME's top 25 holdings weight is 56.53%.
| Rank | CNEQ | TSME |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 14.42% | MODINE MANUFACTURING CO (MOD) - 3.41% |
| #2 | MICROSOFT CORP (MSFT) - 8.08% | BEL FUSE INC CLASS B (BELFB) - 3.16% |
| #3 | ALPHABET INC CLASS C (GOOG) - 5.67% | LITTELFUSE INC (LFUS) - 2.88% |
| #4 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 5.56% | ELEMENT SOLUTIONS INC (ESI) - 2.74% |
| #5 | BROADCOM INC (AVGO) - 5.20% | SHARKNINJA INC (SN) - 2.59% |
| #6 | APPLE INC (AAPL) - 4.81% | CECO ENVIRONMENTAL CORP (CECO) - 2.57% |
| #7 | AMAZON.COM INC (AMZN) - 4.43% | LSI INDUSTRIES INC (LYTS) - 2.54% |
| #8 | NEBIUS GROUP NV SHS CLASS-A- (NBIS) - 3.94% | NVENT ELECTRIC PLC (NVT) - 2.42% |
| #9 | WESTERN DIGITAL CORP (WDC) - 3.93% | LIMBACH HOLDINGS INC (LMB) - 2.30% |
| #10 | ANTHROPIC (n/a) - 3.81% | COHERENT CORP (COHR) - 2.29% |
| #11 | META PLATFORMS INC CLASS A (META) - 3.22% | ENOVA INTERNATIONAL INC (ENVA) - 2.29% |
| #12 | SEA LTD ADR (SE) - 3.17% | n/a (CLS) - 2.29% |
| #13 | TALEN ENERGY CORP ORDINARY SHARES NEW (TLN) - 3.16% | VIKING HOLDINGS LTD (VIK) - 2.28% |
| #14 | MICRON TECHNOLOGY INC (MU) - 2.90% | TURNING POINT BRANDS INC (TPB) - 2.26% |
| #15 | QXO INC (QXO) - 2.75% | FTAI AVIATION LTD (FTAI) - 2.24% |
| #16 | GE VERNOVA INC (GEV) - 2.70% | AVANOS MEDICAL INC (n/a) - 2.20% |
| #17 | TESLA INC (TSLA) - 2.58% | RYDER SYSTEM INC (R) - 2.12% |
| #18 | HEICO CORP CLASS A (HEI-A) - 2.14% | PATRICK INDUSTRIES INC (PATK) - 1.82% |
| #19 | SPACE EXPLORATION TECHNOLOGIES CORP CLASS A (SPCX) - 1.79% | IES HOLDINGS INC (IESC) - 1.81% |
| #20 | ELI LILLY AND CO (LLY) - 1.78% | STEEL DYNAMICS INC (STLD) - 1.81% |
| #21 | NATERA INC (NTRA) - 1.77% | ONEMAIN HOLDINGS INC (OMF) - 1.81% |
| #22 | ADVANCED MICRO DEVICES INC (AMD) - 1.69% | CASEY'S GENERAL STORES INC (CASY) - 1.74% |
| #23 | NOVO NORDISK AS ADR (NVO) - 1.65% | NPK INTERNATIONAL INC (NPKI) - 1.74% |
| #24 | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 1.50% | DAKTRONICS INC (DAKT) - 1.61% |
| #25 | FIGURE AI (n/a) - 1.46% | n/a (AGM) - 1.61% |
| Total Holdings | 31 | 67 |
CNEQ vs TSME - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CNEQ
+0.20%
TSME
-0.45%
3M
CNEQ
-0.83%
Winner
TSME
+5.93%
6M
Winner
CNEQ
+17.79%
TSME
+3.62%
1Y
Winner
CNEQ
+27.24%
TSME
+20.19%
Max(CAGR)
Winner
CNEQ
+33.36%
TSME
+18.12%
CNEQ vs TSME - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | CNEQ | TSME |
|---|---|---|
| 2026 | +14.52% | +14.67% |
| 2025 | +32.33% | +13.95% |
| 2024 | +28.84% | +19.68% |
| 2023 | N/A | +18.59% |
| 2022 | N/A | +2.41% |
CNEQ vs TSME Drawdown Comparison
The maximum drawdown for CNEQ was -27.58%, occurring on Apr 8, 2025. Recovery took 77 trading sessions.
The maximum drawdown for TSME was -26.59%, occurring on Apr 8, 2025. Recovery took 174 trading sessions.
The current CNEQ drawdown is -5.36%. The current TSME drawdown is -7.18%.
| Rank | CNEQ | TSME |
|---|---|---|
| #1 | -27.58% Feb 14, 2025 - Jun 6, 2025 | -26.59% Nov 25, 2024 - Aug 8, 2025 |
| #2 | -19.31% Oct 29, 2025 - Apr 24, 2026 | -16.50% Jul 31, 2023 - Dec 14, 2023 |
| #3 | -15.11% Jul 10, 2024 - Sep 25, 2024 | -14.72% Feb 20, 2026 - Apr 20, 2026 |
| #4 | -13.12% Jun 18, 2026 - Jul 29, 2026 | -13.95% Feb 15, 2023 - Jul 19, 2023 |
| #5 | -8.57% Jun 2, 2026 - Jun 18, 2026 | -11.13% Jun 30, 2026 - Jul 29, 2026 |
| #6 | -7.66% Apr 11, 2024 - May 15, 2024 | -11.10% Jul 16, 2024 - Sep 19, 2024 |
| #7 | -7.47% Jan 23, 2025 - Feb 14, 2025 | -9.61% Oct 27, 2025 - Dec 10, 2025 |
| #8 | -5.20% Oct 9, 2025 - Oct 28, 2025 | -8.14% Mar 28, 2024 - May 15, 2024 |
| #9 | -4.68% Jan 6, 2025 - Jan 22, 2025 | -8.07% May 6, 2026 - Jun 2, 2026 |
| #10 | -4.56% Dec 16, 2024 - Jan 6, 2025 | -6.69% Nov 30, 2022 - Jan 12, 2023 |
| #11 | -4.25% Aug 12, 2025 - Sep 8, 2025 | -6.03% Sep 11, 2025 - Oct 24, 2025 |
| #12 | -3.79% May 14, 2026 - May 21, 2026 | -5.97% May 15, 2024 - Jul 12, 2024 |
| #13 | -3.42% Oct 29, 2024 - Nov 6, 2024 | -4.93% Dec 26, 2023 - Feb 9, 2024 |
| #14 | -3.14% Jun 18, 2024 - Jul 3, 2024 | -4.79% Oct 5, 2022 - Oct 25, 2022 |
| #15 | -2.88% Dec 6, 2024 - Dec 16, 2024 | -4.41% Nov 1, 2022 - Nov 10, 2022 |
Correlation
Correlation between CNEQ and TSME is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2022 - 2025)
CNEQ vs TSME dividend yield comparison.
| Year | CNEQ | TSME |
|---|---|---|
| 2025 | 0.52% | 0.17% |
| 2024 | 0.16% | 0.38% |
| 2023 | 0.00% | 0.53% |
| 2022 | 0.00% | 0.16% |
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