HYEM vs CNEQ

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

HYEM vs CNEQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

HYEM

$504M

CNEQ

$503M

Expense Ratio

Winner

HYEM

0.40%

CNEQ

0.56%

Max Drawdown

HYEM

40.87%

Winner

CNEQ

27.58%

Sharpe Ratio

HYEM

1.37

Winner

CNEQ

1.45

5Y Beta

Winner

HYEM

0.23

CNEQ

1.44

P/E Ratio

HYEM

N/A

CNEQ

42.98

Forward P/E

HYEM

N/A

CNEQ

30.22

PEG Ratio

HYEM

N/A

CNEQ

0.37

5Y Dividends CAGR

HYEM

0.87%

CNEQ

N/A

5Y EPS CAGR

HYEM

N/A

CNEQ

42.94%

P/S Ratio

HYEM

N/A

CNEQ

3.99

P/B Ratio

HYEM

N/A

CNEQ

8.68

HYEM vs CNEQ - Historical Returns

Returns include dividend reinvestment.

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

HYEM

+0.76%

Winner

CNEQ

+5.31%

HYEM

+1.79%

Winner

CNEQ

+18.54%

HYEM

+4.19%

Winner

CNEQ

+12.00%

HYEM

+9.57%

Winner

CNEQ

+41.20%

5Y(CAGR)

HYEM

+2.98%

CNEQ

N/A

10Y(CAGR)

HYEM

+4.62%

CNEQ

N/A

Max(CAGR)

HYEM

+4.72%

Winner

CNEQ

+36.30%

HYEM vs CNEQ - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

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

HYEM vs CNEQ Drawdown Comparison

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

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

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

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

Correlation

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

0.95

-101

Dividend Comparison (2012 - 2026)

HYEM vs CNEQ dividend yield comparison.

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