CNEQ vs VYM
Alger Concentrated Equity ETF vs Vanguard High Dividend Yield ETF
Which is better, CNEQ or VYM?
Large Cap Growth against Large Cap Value.
VYM 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 | VYM |
|---|---|---|
| Expense Ratio | 0.56% | 0.04%Best |
| AUM | $2.4B | $81.6B |
| Dividend Yield | 0.46% | 2.22% |
| Holdings | 31 | 613 |
| YTD Return | +15.04%Best | +13.91% |
| 1Y Return | +18.03%Best | +17.57% |
| 3Y Return (annualized) | - | +18.12% |
| 5Y Return (annualized) | - | +12.17% |
| Volatility (annualized) | 23.2% | 9.8%Best |
| Max Drawdown | -27.6% | -14.5%Best |
| $10,000 over 2.4 years | $19,723Best | $14,439 |
| Fund Family | Alger | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Apr 4, 2024 | Nov 10, 2006 |
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 VYM 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 VYM Performance
Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year CNEQ returned +18.03% while VYM returned +17.57%. Year to date, CNEQ is up 15.04% versus a gain of 13.91% for VYM.
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 9.8% 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.38. They move together some of the time, and apart the rest.
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 0.46% against 2.22% for VYM.
Holdings Overlap
At least 7.3% of VYM'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.
VYM and CNEQ share little of their money.
1 positions in common, counted across the 29 positions we hold weights for in CNEQ and 603 in VYM, against full books of 31 and 613.
Top Shared Holdings
| Stock | Weight in CNEQ | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 5.10% | 7.29% | 2.19% |
You are not choosing between two funds in isolation.
Whichever of CNEQ and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $52 a year on a $10,000 investment.
Which performed better, CNEQ or VYM?
Over the past year CNEQ returned +18.03% vs +17.57% for VYM, so CNEQ leads on 1-year performance. Over the longest common window we track (2 years), CNEQ annualized +32.71% vs +16.54% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CNEQ or VYM?
CNEQ has been the more volatile fund at 23.2% annualized versus 9.8% for VYM. Worst drawdown: CNEQ -27.6% vs VYM -14.5%.
Should I hold both CNEQ and VYM?
CNEQ and VYM have a monthly-return correlation of 0.38, 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 VYM?
At least 7.3% of VYM's money is in holdings CNEQ also owns. Our book for CNEQ is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 29 positions we hold weights for in CNEQ and 603 in VYM.
Which pays a higher dividend, CNEQ or VYM?
CNEQ yields 0.46% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than CNEQ?
VYM 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.