CNEQ: Alger Concentrated Equity ETF
Performance
Watchlist
Select an item
Summary
CNEQ at a glance
CNEQ returned +5.71% over the past year. Its worst drop in that year was -17.32%, smaller than 34% of ETFs on Redstone, and its Sharpe ratio of 0.20 beats 43% of ETFs on Redstone. It yields 0.49%.
Current Drawdown
-12.99%
Rolling Volatility
36.80%
Dividends
CNEQ dividends
Yield
0.49%
Paid, past year
$0.18
Pays
Yearly
Growth a year
—
Per share, by year
Return over the past year
CNEQ paid $0.18 a share over the past year, once a year. With dividends reinvested it returned +5.71% over the past year, against +5.14% on price alone.
›All 2 payments since Dec 18, 2024
- Dec 18, 2025$0.18
- Dec 18, 2024$0.0411
Metrics
Risk Indicators
Profile
About CNEQ
Alger Concentrated Equity ETF seeks long-term capital appreciation. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of large-cap companies that the Manager believes demonstrate promising growth potential.
From its prospectus, filed Apr 28, 2026- Category
- Large Cap Growth
- Expense ratio
- 0.56%
- Fund size
- $7.4B
- Inception
- Apr 2024
Comparisons