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