WIP vs CNEQ
Comparison between SPDR(R) FTSE INTERNATIONAL GOVERNMENT INFLATION-PROTECTED BOND ETF (WIP, ETF) and ALGER CONCENTRATED EQUITY ETF (CNEQ, ETF).
WIP vs CNEQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
WIP
$502M
Winner
CNEQ
$503M
Expense Ratio
Winner
WIP
0.50%
CNEQ
0.56%
Max Drawdown
WIP
44.40%
Winner
CNEQ
27.58%
Sharpe Ratio
WIP
0.60
Winner
CNEQ
1.45
5Y Beta
Winner
WIP
0.16
CNEQ
1.44
P/E Ratio
WIP
N/A
CNEQ
42.98
Forward P/E
WIP
N/A
CNEQ
30.22
PEG Ratio
WIP
N/A
CNEQ
0.37
5Y Dividends CAGR
WIP
11.33%
CNEQ
N/A
5Y EPS CAGR
WIP
N/A
CNEQ
42.94%
P/S Ratio
WIP
N/A
CNEQ
3.99
P/B Ratio
WIP
N/A
CNEQ
8.68
WIP vs CNEQ - Historical Returns
Returns include dividend reinvestment.
1M
WIP
-0.70%
Winner
CNEQ
+5.31%
3M
WIP
+1.05%
Winner
CNEQ
+18.54%
6M
WIP
+4.17%
Winner
CNEQ
+12.00%
1Y
WIP
+9.03%
Winner
CNEQ
+41.20%
5Y(CAGR)
WIP
-0.89%
CNEQ
N/A
10Y(CAGR)
WIP
+1.51%
CNEQ
N/A
Max(CAGR)
WIP
+1.23%
Winner
CNEQ
+36.30%
WIP vs CNEQ - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | WIP | CNEQ |
|---|---|---|
| 2026 | +3.58% | +12.99% |
| 2025 | +15.10% | +32.33% |
| 2024 | -7.26% | +28.84% |
| 2023 | +9.33% | N/A |
| 2022 | -14.92% | N/A |
| 2021 | -3.85% | N/A |
| 2020 | +8.19% | N/A |
| 2019 | +8.74% | N/A |
| 2018 | -6.13% | N/A |
| 2017 | +12.80% | N/A |
| 2016 | +4.58% | N/A |
| 2015 | -9.68% | N/A |
| 2014 | +0.52% | N/A |
| 2013 | -5.45% | N/A |
| 2012 | +13.80% | N/A |
| 2011 | +2.43% | N/A |
| 2010 | +5.49% | N/A |
| 2009 | +17.38% | N/A |
| 2008 | -18.73% | N/A |
WIP vs CNEQ Drawdown Comparison
The maximum drawdown for WIP was -29.59%, occurring on Nov 21, 2008. Recovery took 559 trading sessions.
The maximum drawdown for CNEQ was -27.58%, occurring on Apr 8, 2025. Recovery took 77 trading sessions.
The current WIP drawdown is -4.78%. The current CNEQ drawdown is -5.97%.
| Rank | WIP | CNEQ |
|---|---|---|
| #1 | -29.59% Jul 15, 2008 - Oct 1, 2010 | -27.58% Feb 14, 2025 - Jun 6, 2025 |
| #2 | -28.84% Jun 10, 2021 - Sep 27, 2022 | -19.31% Oct 29, 2025 - Apr 24, 2026 |
| #3 | -20.04% Jan 26, 2018 - Nov 16, 2020 | -15.11% Jul 10, 2024 - Sep 25, 2024 |
| #4 | -19.13% Jul 23, 2014 - Jan 23, 2018 | -7.66% Apr 11, 2024 - May 15, 2024 |
| #5 | -11.08% Aug 17, 2011 - Sep 7, 2012 | -7.47% Jan 23, 2025 - Feb 14, 2025 |
| #6 | -10.51% May 1, 2013 - Jun 30, 2014 | -5.97% Jun 2, 2026 - Jun 5, 2026 |
| #7 | -7.74% Nov 4, 2010 - Mar 21, 2011 | -5.20% Oct 9, 2025 - Oct 28, 2025 |
| #8 | -5.48% Dec 31, 2020 - Jun 4, 2021 | -4.68% Jan 6, 2025 - Jan 22, 2025 |
| #9 | -4.07% Apr 29, 2011 - Jul 29, 2011 | -4.56% Dec 16, 2024 - Jan 6, 2025 |
| #10 | -4.00% Mar 27, 2008 - Jul 11, 2008 | -4.25% Aug 12, 2025 - Sep 8, 2025 |
| #11 | -3.32% Jan 14, 2013 - Apr 29, 2013 | -3.79% May 14, 2026 - May 21, 2026 |
| #12 | -2.86% Aug 3, 2011 - Aug 15, 2011 | -3.42% Oct 29, 2024 - Nov 6, 2024 |
| #13 | -2.81% Oct 14, 2010 - Nov 4, 2010 | -3.14% Jun 18, 2024 - Jul 3, 2024 |
| #14 | -1.58% Oct 17, 2012 - Nov 28, 2012 | -2.88% Dec 6, 2024 - Dec 16, 2024 |
| #15 | -1.40% Dec 31, 2012 - Jan 11, 2013 | -2.79% Nov 8, 2024 - Nov 19, 2024 |
Correlation
Correlation between WIP and CNEQ is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
Dividend Comparison (2008 - 2026)
WIP vs CNEQ dividend yield comparison.
| Year | WIP | CNEQ |
|---|---|---|
| 2026 | 2.60% | 0.00% |
| 2025 | 5.51% | 0.52% |
| 2024 | 6.06% | 0.16% |
| 2023 | 6.54% | 0.00% |
| 2022 | 11.15% | 0.00% |
| 2021 | 4.63% | 0.00% |
| 2020 | 1.59% | 0.00% |
| 2019 | 2.49% | 0.00% |
| 2018 | 4.05% | 0.00% |
| 2017 | 1.91% | 0.00% |
| 2016 | 1.27% | 0.00% |
| 2015 | 1.14% | 0.00% |
| 2014 | 2.56% | 0.00% |
| 2013 | 2.38% | 0.00% |
| 2012 | 2.48% | 0.00% |
| 2011 | 4.65% | 0.00% |
| 2010 | 2.36% | 0.00% |
| 2009 | 0.75% | 0.00% |
| 2008 | 5.40% | 0.00% |
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