CNEQ vs SCHD
CNEQ vs SCHD
Alger Concentrated Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | CNEQ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.06% | |
| AUM | $898M | $103.7B | |
| Dividend Yield | 0.44% | 3.31% | |
| Holdings | 30 | 104 | |
| YTD Return | +15.85% | +23.31% | |
| 1Y Return | +30.28% | +30.42% | |
| 3Y Return (annualized) | - | +14.66% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 23.6% | 13.6% | |
| Max Drawdown | -27.6% | -33.4% | |
| Fund Family | Alger | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 4, 2024 | Oct 20, 2011 |
CNEQ vs SCHD Performance
Alger Concentrated Equity ETF (CNEQ) is a ETF from Alger and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CNEQ returned +30.28% while SCHD returned +30.42%. Year to date, CNEQ is up 15.85% versus a gain of 23.31% for SCHD.
Risk: Volatility and Drawdowns
CNEQ has been the more volatile fund, with annualized monthly volatility of 23.6% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -27.6% for CNEQ and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CNEQ charges 0.56% per year while SCHD charges 0.06%. On a $10,000 position that is $56 vs $6 annually, a gap of $50 per year that compounds over a long holding period. On income, CNEQ currently yields 0.44% against 3.31% for SCHD.
Holdings Overlap
CNEQ and SCHD share 0 holdings out of 129 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CNEQ or SCHD?
CNEQ has an expense ratio of 0.56% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, CNEQ or SCHD?
Over the past year CNEQ returned +30.28% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), CNEQ annualized +34.76% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, CNEQ or SCHD?
CNEQ has been the more volatile fund at 23.6% annualized versus 13.6% for SCHD. Worst drawdown: CNEQ -27.6% vs SCHD -33.4%.
Should I hold both CNEQ and SCHD?
CNEQ and SCHD have a monthly-return correlation of -0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CNEQ and SCHD?
CNEQ and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 129 unique securities.
Which pays a higher dividend, CNEQ or SCHD?
CNEQ yields 0.44% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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