CNEQ vs VTI
Alger Concentrated Equity ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. CNEQ delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | CNEQ | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.03% | |
| AUM | $1.1B | $666.9B | |
| Dividend Yield | 0.47% | 1.07% | |
| Holdings | 31 | 3,543 | |
| YTD Return | +14.52% | +13.14% | |
| 1Y Return | +27.26% | +22.35% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 23.6% | 15.3% | |
| Max Drawdown | -27.6% | -56.6% | |
| Fund Family | Alger | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 4, 2024 | May 24, 2001 |
CNEQ vs VTI Performance
Alger Concentrated Equity ETF (CNEQ) is a ETF from Alger and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year CNEQ returned +27.26% while VTI returned +22.35%. Year to date, CNEQ is up 14.52% versus a gain of 13.14% for VTI.
Risk: Volatility and Drawdowns
CNEQ has been the more volatile fund, with annualized monthly volatility of 23.6% compared with 15.3% for VTI. 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 -56.6% for VTI. 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CNEQ charges 0.56% per year while VTI 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 1.07% for VTI.
Holdings Overlap
CNEQ and VTI share 17 holdings out of 2799 unique holdings combined, representing a 31.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CNEQ or VTI?
CNEQ has an expense ratio of 0.56% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, CNEQ or VTI?
Over the past year CNEQ returned +27.26% vs +22.35% for VTI, so CNEQ leads on 1-year performance. Over the longest common window we track (2 years), CNEQ annualized +33.37% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, CNEQ or VTI?
CNEQ has been the more volatile fund at 23.6% annualized versus 15.3% for VTI. Worst drawdown: CNEQ -27.6% vs VTI -56.6%.
Should I hold both CNEQ and VTI?
CNEQ and VTI have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CNEQ and VTI?
CNEQ and VTI share 17 common holdings with a 31.3% weight overlap. Combined, they hold 2799 unique securities.
Which pays a higher dividend, CNEQ or VTI?
CNEQ yields 0.47% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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