CNEQ vs IVV
Alger Concentrated Equity ETF vs iShares Core S&P 500 ETF
Which is better, CNEQ or IVV?
Large Cap Growth against Large Cap Blend.
IVV has a lower expense ratio. CNEQ led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CNEQ | IVV |
|---|---|---|
| Expense Ratio | 0.56% | 0.03%Best |
| AUM | $2.4B | $876.4B |
| Dividend Yield | 0.46% | 1.06% |
| Holdings | 31 | 508 |
| YTD Return | +15.04%Best | +12.51% |
| 1Y Return | +18.03%Best | +17.57% |
| 3Y Return (annualized) | - | +21.27% |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 23.2% | 11.8%Best |
| Max Drawdown | -27.6% | -18.8%Best |
| $10,000 over 2.4 years | $19,723Best | $15,078 |
| Fund Family | Alger | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Apr 4, 2024 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Apr 5, 2024 to Sep 11, 2026 (2.4 years).
CNEQ vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
CNEQ vs IVV Performance
Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year CNEQ returned +18.03% while IVV returned +17.57%. Year to date, CNEQ is up 15.04% versus a gain of 12.51% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CNEQ has been the more volatile fund, with annualized monthly volatility of 23.2% compared with 11.8% for IVV. 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 -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CNEQ charges 0.56% per year while IVV charges 0.03%. On a $10,000 position that is $56 vs $3 annually, a gap of $53 per year that compounds over a long holding period. On income, CNEQ currently yields 0.46% against 1.06% for IVV.
Holdings Overlap
At least 36.9% of IVV's money is in holdings CNEQ also owns.
Stated as a floor: for CNEQ, our book for it covers 94.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
13 positions in common, counted across the 29 positions we hold weights for in CNEQ and 505 in IVV, against full books of 31 and 508.
Top Shared Holdings
| Stock | Weight in CNEQ | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 14.66% | 7.98% | 6.68% |
| AAPLApple, Inc | 5.62% | 6.86% | 1.24% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.55% | 5.44% | 1.11% |
| GOOGAlphabet Inc | 5.64% | 2.56% | 3.08% |
| AVGOBroadcom Inc | 5.10% | 2.98% | 2.12% |
| AMZNAmazon.Com Inc | 4.04% | 4.01% | 0.03% |
| METAMeta Platforms, Inc. | 3.43% | 1.94% | 1.49% |
| WDCWestern Digital Corp. | 4.56% | 0.27% | 4.29% |
| MUMicron Technology, Inc. | 2.63% | 1.51% | 1.12% |
| TSLATesla Inc | 2.59% | 1.36% | 1.23% |
36.9% of IVV is already inside CNEQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CNEQ or IVV?
CNEQ has an expense ratio of 0.56% while IVV charges 0.03%. IVV is the cheaper option, by $53 a year on a $10,000 investment.
Which performed better, CNEQ or IVV?
Over the past year CNEQ returned +18.03% vs +17.57% for IVV, so CNEQ leads on 1-year performance. Over the longest common window we track (2 years), CNEQ annualized +32.71% vs +18.66% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CNEQ or IVV?
CNEQ has been the more volatile fund at 23.2% annualized versus 11.8% for IVV. Worst drawdown: CNEQ -27.6% vs IVV -18.8%.
Should I hold both CNEQ and IVV?
CNEQ and IVV have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CNEQ and IVV?
At least 36.9% of IVV's money is in holdings CNEQ also owns. Our book for CNEQ is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 29 positions we hold weights for in CNEQ and 505 in IVV.
Which pays a higher dividend, CNEQ or IVV?
CNEQ yields 0.46% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than CNEQ?
IVV has a lower expense ratio. CNEQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.