Performance analysis of CNEQ (ALGER CONCENTRATED EQUITY ETF)
Annual Return
Since Apr 5, 2024, CNEQ has had an average annual return of +40.38%, outperforming the benchmark SPY, which returned +20.69% annual.
| 2026 | 2025 | 2024 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +20.83% | +33.60% | +28.84% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.25% | -3.27% | -5.24% | +16.83% | +13.26% | +0.88% | +20.83% | ||||||
| 2025 | +2.90% | -5.02% | -9.90% | +2.34% | +16.45% | +9.39% | +6.02% | +1.72% | +9.79% | +2.86% | -3.90% | -0.57% | +33.60% |
| 2024 | -5.24% | +8.90% | +7.05% | -4.18% | +3.15% | +5.22% | +1.78% | +9.17% | +0.93% | +28.84% |
Drawdown analysis of CNEQ (ALGER CONCENTRATED EQUITY ETF)
The maximum drawdown for the CNEQ was -27.58%, occurring on Apr 8, 2025. Recovery took 41 trading sessions.
Since Apr 5, 2024 CNEQ has experienced the following drawdowns:
- 20% or more: 1 time
- 10% or more: 3 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.58% | Feb 14, 2025 | 36 | Apr 8, 2025 | 41 | Jun 6, 2025 | 77 |
| -19.31% | Oct 29, 2025 | 103 | Mar 30, 2026 | 18 | Apr 24, 2026 | 121 |
| -15.11% | Jul 10, 2024 | 18 | Aug 5, 2024 | 36 | Sep 25, 2024 | 54 |
| -7.67% | Apr 11, 2024 | 6 | Apr 19, 2024 | 18 | May 15, 2024 | 24 |
| -7.47% | Jan 23, 2025 | 2 | Jan 27, 2025 | 14 | Feb 14, 2025 | 16 |
| -5.20% | Oct 9, 2025 | 9 | Oct 22, 2025 | 4 | Oct 28, 2025 | 13 |
| -4.68% | Jan 6, 2025 | 4 | Jan 13, 2025 | 6 | Jan 22, 2025 | 10 |
| -4.56% | Dec 16, 2024 | 10 | Dec 31, 2024 | 3 | Jan 6, 2025 | 13 |
| -4.25% | Aug 12, 2025 | 7 | Aug 21, 2025 | 11 | Sep 8, 2025 | 18 |
| -3.79% | May 14, 2026 | 3 | May 19, 2026 | 2 | May 21, 2026 | 5 |
| -3.42% | Oct 29, 2024 | 4 | Nov 4, 2024 | 2 | Nov 6, 2024 | 6 |
| -3.14% | Jun 18, 2024 | 3 | Jun 24, 2024 | 7 | Jul 3, 2024 | 10 |
| -2.88% | Dec 6, 2024 | 2 | Dec 10, 2024 | 4 | Dec 16, 2024 | 6 |
| -2.79% | Nov 8, 2024 | 5 | Nov 15, 2024 | 2 | Nov 19, 2024 | 7 |
| -2.73% | Jul 31, 2025 | 1 | Aug 1, 2025 | 4 | Aug 7, 2025 | 5 |
| -2.58% | Jun 30, 2025 | 1 | Jul 1, 2025 | 9 | Jul 15, 2025 | 10 |
| -2.36% | Sep 22, 2025 | 3 | Sep 25, 2025 | 4 | Oct 1, 2025 | 7 |
| -2.23% | May 29, 2024 | 2 | May 31, 2024 | 3 | Jun 5, 2024 | 5 |
| -2.21% | Jun 11, 2025 | 2 | Jun 13, 2025 | 6 | Jun 24, 2025 | 8 |
| -1.96% | Sep 26, 2024 | 3 | Oct 1, 2024 | 3 | Oct 4, 2024 | 6 |
| -1.71% | Oct 22, 2024 | 1 | Oct 23, 2024 | 4 | Oct 29, 2024 | 5 |
| -1.63% | Oct 14, 2024 | 1 | Oct 15, 2024 | 3 | Oct 18, 2024 | 4 |
| -1.63% | Apr 27, 2026 | 1 | Apr 28, 2026 | 4 | May 4, 2026 | 5 |
| -1.28% | Jul 18, 2025 | 2 | Jul 22, 2025 | 1 | Jul 23, 2025 | 3 |
| -1.09% | Oct 2, 2025 | 3 | Oct 7, 2025 | 1 | Oct 8, 2025 | 4 |