CNEQ vs XOVR
Alger Concentrated Equity ETF vs ERShares Private-Public Crossover ETF
Which is better, CNEQ or XOVR?
CNEQ has been ahead.
CNEQ 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 | XOVR |
|---|---|---|
| Expense Ratio | 0.56%Best | 1.81% |
| AUM | $5.4B | $1.4B |
| Dividend Yield | 0.49% | 0.00% |
| Holdings | 59 | 67 |
| YTD Return | +5.93%Best | +0.45% |
| 1Y Return | +5.74%Best | -3.37% |
| 3Y Return (annualized) | - | +19.76% |
| 5Y Return (annualized) | - | +3.54% |
| Volatility (annualized) | 23.6% | 22.4%Best |
| Max Drawdown | -27.6% | -25.2%Best |
| $10,000 over 2.6 years | $18,320Best | $13,047 |
| Fund Family | Alger | ERShares |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 4, 2024 | Nov 7, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Apr 5, 2024 to Nov 12, 2026 (2.6 years).
CNEQ vs XOVR 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 2.6 years both funds cover.
CNEQ vs XOVR Performance
Alger Concentrated Equity ETF (CNEQ) is an ETF from Alger and ERShares Private-Public Crossover ETF (XOVR) is an ETF from ERShares. Over the past year CNEQ returned +5.74% while XOVR returned -3.37%. Year to date, CNEQ is up 5.93% versus a gain of 0.45% for XOVR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CNEQ has been the more volatile fund, with annualized monthly volatility of 23.6% compared with 22.4% for XOVR. 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 -25.2% for XOVR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CNEQ charges 0.56% per year while XOVR charges 1.81%. On a $10,000 position that is $56 vs $181 annually, a gap of $125 per year that compounds over a long holding period. On income, CNEQ currently yields 0.49% against 0.00% for XOVR.
Holdings Overlap
We hold position weights for 25 holdings in CNEQ and 29 in XOVR, totalling 93.3% and 78.7% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 6 positions appear in both.
6 positions in common, counted across the 25 positions we hold weights for in CNEQ and 29 in XOVR, against full books of 59 and 67.
You are not choosing between two funds in isolation.
Whichever of CNEQ and XOVR 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 XOVR?
CNEQ has an expense ratio of 0.56% while XOVR charges 1.81%. CNEQ is the cheaper option, by $125 a year on a $10,000 investment.
Which performed better, CNEQ or XOVR?
Over the past year CNEQ returned +5.74% vs -3.37% for XOVR, so CNEQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CNEQ or XOVR?
CNEQ has been the more volatile fund at 23.6% annualized versus 22.4% for XOVR. Worst drawdown: CNEQ -27.6% vs XOVR -25.2%.
Should I hold both CNEQ and XOVR?
CNEQ and XOVR have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CNEQ or XOVR?
CNEQ yields 0.49% while XOVR yields 0.00%, so CNEQ currently pays the higher dividend yield.
Is XOVR better than CNEQ?
CNEQ 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.