CNEQ vs VYM
CNEQ vs VYM
Alger Concentrated Equity ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. CNEQ delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CNEQ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.04% | |
| AUM | $898M | $79.0B | |
| Dividend Yield | 0.44% | 2.86% | |
| Holdings | 30 | 568 | |
| YTD Return | +15.85% | +15.45% | |
| 1Y Return | +30.28% | +26.05% | |
| 3Y Return (annualized) | - | +17.96% | |
| 5Y Return (annualized) | - | +12.54% | |
| Volatility (annualized) | 23.6% | 14.6% | |
| Max Drawdown | -27.6% | -58.8% | |
| Fund Family | Alger | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 4, 2024 | Nov 10, 2006 |
CNEQ vs VYM Performance
Alger Concentrated Equity ETF (CNEQ) is a ETF from Alger and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CNEQ returned +30.28% while VYM returned +26.05%. Year to date, CNEQ is up 15.85% versus a gain of 15.45% for VYM.
Risk: Volatility and Drawdowns
CNEQ has been the more volatile fund, with annualized monthly volatility of 23.6% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CNEQ charges 0.56% per year while VYM charges 0.04%. On a $10,000 position that is $56 vs $4 annually, a gap of $52 per year that compounds over a long holding period. On income, CNEQ currently yields 0.44% against 2.86% for VYM.
Holdings Overlap
CNEQ and VYM share 1 holdings out of 586 unique holdings combined, representing a 5.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CNEQ | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 5.10% | 6.47% | 1.37% |
Frequently Asked Questions
Which is cheaper, CNEQ or VYM?
CNEQ has an expense ratio of 0.56% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, CNEQ or VYM?
Over the past year CNEQ returned +30.28% vs +26.05% for VYM, so CNEQ leads on 1-year performance. Over the longest common window we track (2 years), CNEQ annualized +34.76% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, CNEQ or VYM?
CNEQ has been the more volatile fund at 23.6% annualized versus 14.6% for VYM. Worst drawdown: CNEQ -27.6% vs VYM -58.8%.
Should I hold both CNEQ and VYM?
CNEQ and VYM have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CNEQ and VYM?
CNEQ and VYM share 1 common holdings with a 5.1% weight overlap. Combined, they hold 586 unique securities.
Which pays a higher dividend, CNEQ or VYM?
CNEQ yields 0.44% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.