CNEQ vs XMLV
Comparison between ALGER CONCENTRATED EQUITY ETF (CNEQ, ETF) and INVESCO S&P MIDCAP LOW VOLATILITY ETF (XMLV, ETF).
CNEQ vs XMLV - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CNEQ
$732M
Winner
XMLV
$732M
Expense Ratio
CNEQ
0.56%
Winner
XMLV
0.25%
Max Drawdown
Winner
CNEQ
27.58%
XMLV
40.50%
Sharpe Ratio
Winner
CNEQ
1.05
XMLV
0.94
5Y Beta
CNEQ
1.45
Winner
XMLV
0.46
P/E Ratio
CNEQ
42.28
Winner
XMLV
17.58
Forward P/E
CNEQ
25.13
Winner
XMLV
15.92
PEG Ratio
CNEQ
0.28
Winner
XMLV
0.20
5Y Dividends CAGR
CNEQ
N/A
XMLV
22.42%
5Y EPS CAGR
Winner
CNEQ
43.23%
XMLV
12.33%
Debt to Equity
CNEQ
N/A
XMLV
63.76%
P/S Ratio
CNEQ
3.83
Winner
XMLV
2.59
P/B Ratio
CNEQ
9.29
Winner
XMLV
1.96
CNEQ vs XMLV - Holdings Comparison
CNEQ and XMLV have 1 common holdings. Overlap is -0.13%
CNEQ's top 25 holdings weight is 94.55%. XMLV's top 25 holdings weight is 37.48%.
| Rank | CNEQ | XMLV |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 12.98% | TXNM ENERGY INC (TXNM) - 2.82% |
| #2 | MICROSOFT CORP (MSFT) - 6.12% | OGE ENERGY CORP (OGE) - 1.67% |
| #3 | ALPHABET INC CLASS C (GOOG) - 5.94% | COPT DEFENSE PROPERTIES (CDP) - 1.67% |
| #4 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 5.87% | IDACORP INC (IDA) - 1.64% |
| #5 | ANTHROPIC (n/a) - 5.25% | NNN REIT INC (NNN) - 1.64% |
| #6 | APPLE INC (AAPL) - 4.86% | AGREE REALTY CORP (ADC) - 1.60% |
| #7 | WESTERN DIGITAL CORP (WDC) - 4.78% | NEW JERSEY RESOURCES CORP (NJR) - 1.56% |
| #8 | AMAZON.COM INC (AMZN) - 4.23% | EQUITY LIFESTYLE PROPERTIES INC (ELS) - 1.51% |
| #9 | BROADCOM INC (AVGO) - 4.20% | PORTLAND GENERAL ELECTRIC CO (POR) - 1.50% |
| #10 | NEBIUS GROUP NV SHS CLASS-A- (NBIS) - 4.11% | RLI CORP (RLI) - 1.50% |
| #11 | SPACE EXPLORATION TECHNOLOGIES CORP CLASS A (SPCX) - 3.41% | THE HANOVER INSURANCE GROUP INC (THG) - 1.48% |
| #12 | TESLA INC (TSLA) - 3.21% | W.P. CAREY INC (WPC) - 1.47% |
| #13 | TALEN ENERGY CORP ORDINARY SHARES NEW (TLN) - 3.14% | EASTGROUP PROPERTIES INC (EGP) - 1.43% |
| #14 | GE VERNOVA INC (GEV) - 3.04% | INGREDION INC (INGR) - 1.39% |
| #15 | META PLATFORMS INC CLASS A (META) - 3.03% | OMEGA HEALTHCARE INVESTORS INC (OHI) - 1.37% |
| #16 | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 2.76% | BRIXMOR PROPERTY GROUP INC (BRX) - 1.36% |
| #17 | QXO INC (QXO) - 2.75% | AMERICAN HOMES 4 RENT CLASS A (AMH) - 1.35% |
| #18 | SEA LTD ADR (SE) - 2.49% | LAMAR ADVERTISING CO CLASS A (LAMR) - 1.35% |
| #19 | HEICO CORP CLASS A (HEI-A) - 2.09% | STARWOOD PROPERTY TRUST INC (STWD) - 1.34% |
| #20 | FIGURE AI (n/a) - 2.02% | KITE REALTY GROUP TRUST (KRG) - 1.33% |
| #21 | ASTERA LABS INC (ALAB) - 1.78% | AMERICAN FINANCIAL GROUP INC (AFG) - 1.32% |
| #22 | ELI LILLY AND CO (LLY) - 1.76% | GAMING AND LEISURE PROPERTIES INC (GLPI) - 1.30% |
| #23 | MICRON TECHNOLOGY INC (MU) - 1.64% | ANNALY CAPITAL MANAGEMENT INC (NLY) - 1.30% |
| #24 | NATERA INC (NTRA) - 1.58% | COMMERCE BANCSHARES INC (CBSH) - 1.29% |
| #25 | NOVO NORDISK AS ADR (NVO) - 1.51% | STAG INDUSTRIAL INC (STAG) - 1.29% |
| Total Holdings | 31 | 83 |
CNEQ vs XMLV - Historical Returns
Returns include dividend reinvestment.
1M
CNEQ
-3.66%
Winner
XMLV
+5.76%
3M
Winner
CNEQ
+9.93%
XMLV
+4.76%
6M
Winner
CNEQ
+16.00%
XMLV
+7.57%
1Y
Winner
CNEQ
+30.66%
XMLV
+14.42%
5Y(CAGR)
CNEQ
N/A
XMLV
+7.42%
10Y(CAGR)
CNEQ
N/A
XMLV
+8.04%
Max(CAGR)
Winner
CNEQ
+34.67%
XMLV
+10.02%
CNEQ vs XMLV - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | CNEQ | XMLV |
|---|---|---|
| 2026 | +14.29% | +11.31% |
| 2025 | +32.33% | +5.88% |
| 2024 | +28.84% | +16.72% |
| 2023 | N/A | +1.70% |
| 2022 | N/A | -6.04% |
| 2021 | N/A | +24.82% |
| 2020 | N/A | -7.56% |
| 2019 | N/A | +25.81% |
| 2018 | N/A | -0.21% |
| 2017 | N/A | +13.66% |
| 2016 | N/A | +23.26% |
| 2015 | N/A | +5.16% |
| 2014 | N/A | +19.64% |
| 2013 | N/A | +14.56% |
CNEQ vs XMLV Drawdown Comparison
The maximum drawdown for CNEQ was -27.58%, occurring on Apr 8, 2025. Recovery took 77 trading sessions.
The maximum drawdown for XMLV was -39.83%, occurring on Mar 23, 2020. Recovery took 292 trading sessions.
The current CNEQ drawdown is -5.55%. The current XMLV drawdown is -1.07%.
| Rank | CNEQ | XMLV |
|---|---|---|
| #1 | -27.58% Feb 14, 2025 - Jun 6, 2025 | -39.83% Feb 18, 2020 - Apr 15, 2021 |
| #2 | -19.31% Oct 29, 2025 - Apr 24, 2026 | -16.54% Dec 29, 2021 - Mar 27, 2024 |
| #3 | -15.11% Jul 10, 2024 - Sep 25, 2024 | -13.81% Nov 25, 2024 - Aug 22, 2025 |
| #4 | -8.57% Jun 2, 2026 - Jun 18, 2026 | -13.26% Sep 14, 2018 - Feb 15, 2019 |
| #5 | -8.39% Jun 18, 2026 - Jul 17, 2026 | -9.62% Aug 17, 2015 - Nov 23, 2015 |
| #6 | -7.66% Apr 11, 2024 - May 15, 2024 | -9.26% Dec 1, 2015 - Mar 3, 2016 |
| #7 | -7.47% Jan 23, 2025 - Feb 14, 2025 | -8.93% May 21, 2013 - Jul 18, 2013 |
| #8 | -5.20% Oct 9, 2025 - Oct 28, 2025 | -8.47% Jul 23, 2013 - Oct 18, 2013 |
| #9 | -4.68% Jan 6, 2025 - Jan 22, 2025 | -7.97% Jan 26, 2018 - May 10, 2018 |
| #10 | -4.56% Dec 16, 2024 - Jan 6, 2025 | -7.03% Mar 2, 2026 - Jun 25, 2026 |
| #11 | -4.25% Aug 12, 2025 - Sep 8, 2025 | -6.72% Jul 1, 2014 - Oct 28, 2014 |
| #12 | -3.79% May 14, 2026 - May 21, 2026 | -6.13% Sep 7, 2016 - Nov 28, 2016 |
| #13 | -3.42% Oct 29, 2024 - Nov 6, 2024 | -5.57% Nov 15, 2021 - Dec 27, 2021 |
| #14 | -3.14% Jun 18, 2024 - Jul 3, 2024 | -5.56% Sep 2, 2021 - Nov 1, 2021 |
| #15 | -2.88% Dec 6, 2024 - Dec 16, 2024 | -5.37% Mar 28, 2024 - May 9, 2024 |
Correlation
Correlation between CNEQ and XMLV is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
Dividend Comparison (2013 - 2026)
CNEQ vs XMLV dividend yield comparison.
| Year | CNEQ | XMLV |
|---|---|---|
| 2026 | 0.00% | 1.57% |
| 2025 | 0.52% | 2.87% |
| 2024 | 0.16% | 2.23% |
| 2023 | 0.00% | 2.34% |
| 2022 | 0.00% | 2.05% |
| 2021 | 0.00% | 1.14% |
| 2020 | 0.00% | 1.93% |
| 2019 | 0.00% | 2.02% |
| 2018 | 0.00% | 2.13% |
| 2017 | 0.00% | 1.74% |
| 2016 | 0.00% | 1.72% |
| 2015 | 0.00% | 1.85% |
| 2014 | 0.00% | 2.00% |
| 2013 | 0.00% | 1.63% |
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