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