CNEQ vs IVV
Alger Concentrated Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CNEQ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CNEQ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.03% | |
| AUM | $1.1B | $907.0B | |
| Dividend Yield | 0.47% | 1.10% | |
| Holdings | 31 | 508 | |
| YTD Return | +14.52% | +12.71% | |
| 1Y Return | +27.26% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 23.6% | 15.1% | |
| Max Drawdown | -27.6% | -56.5% | |
| Fund Family | Alger | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 4, 2024 | May 15, 2000 |
CNEQ vs IVV Performance
Alger Concentrated Equity ETF (CNEQ) is a ETF from Alger and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CNEQ returned +27.26% while IVV returned +21.89%. Year to date, CNEQ is up 14.52% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
CNEQ has been the more volatile fund, with annualized monthly volatility of 23.6% compared with 15.1% 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 -56.5% for IVV. 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 0.88. 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 0.47% against 1.10% for IVV.
Holdings Overlap
CNEQ and IVV share 13 holdings out of 521 unique holdings combined, representing a 35.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $53 per year of difference.
Which performed better, CNEQ or IVV?
Over the past year CNEQ returned +27.26% vs +21.89% for IVV, so CNEQ leads on 1-year performance. Over the longest common window we track (2 years), CNEQ annualized +33.37% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, CNEQ or IVV?
CNEQ has been the more volatile fund at 23.6% annualized versus 15.1% for IVV. Worst drawdown: CNEQ -27.6% vs IVV -56.5%.
Should I hold both CNEQ and IVV?
CNEQ and IVV have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CNEQ and IVV?
CNEQ and IVV share 13 common holdings with a 35.0% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, CNEQ or IVV?
CNEQ yields 0.47% while IVV yields 1.10%, so IVV 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.