The Alger ETF (CNEQ) Performance
CNEQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.2% since Dec 31, 2025
- 1 year
- +9.2% total return
- Since first price
- +88.1% since 2024
CNEQ trailing returns vs SPY, QQQ, AGG
| Period | CNEQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.7% | −7.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.9% | −2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.6% | +3.6% | +7.8% | +8.4% | −1.5% |
| YTD | +9.2% | +9.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.2% | +8.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 5, 2024 | +88.1% | +86.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CNEQ vs SPY
From Apr 5, 2024: CNEQ grew to $18,806, SPY to $15,092.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CNEQ returns by calendar year
1 of 1 full years positive. Best 2025 (+33.6%), worst 2025 (+33.6%). 2026 is year to date.
CNEQ annual returns table
| Year | CNEQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.2% | −16.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +33.6% | −27.6% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CNEQ largest drawdowns
Now 10.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 14, 2025 | −27.6% | Apr 8, 2025 | Jun 6, 2025 | 53 days | 4 months |
| Oct 29, 2025 | −19.3% | Mar 30, 2026 | Apr 24, 2026 | 5 months | 6 months |
| Jul 10, 2024 | −15.1% | Aug 5, 2024 | Sep 25, 2024 | 26 days | 3 months |
| Jun 18, 2026 | −13.1% | Jul 29, 2026 | Oct 6, 2026 | 41 days | 4 months |
| Oct 6, 2026 | −10.3% | Oct 23, 2026 | not yet | 17 days | 17 days so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CNEQ risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +37.2% |
| Volatility (annualized) | 23.1% |
| Sharpe ratio | 1.31 |
| Sortino ratio | 2.87 |
| Best month | +16.8% |
| Worst month | −9.9% |
| Best 12 months | +56.8% |
| Worst 12 months | +16.2% |
| Positive months | 69% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CNEQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 19 | +4.4% | +33.9% | +56.8% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
CNEQ performance overview
The Alger ETF (CNEQ) returned +9.2% over the past year, with distributions reinvested. Since its first recorded price on Apr 5, 2024 it has returned +88.1%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −27.6%, from Feb 14, 2025 to Apr 8, 2025, and it took 59 days to get back to the old high. Volatility has been 23.1% a year.
Related: CNEQ chart, CNEQ holdings, CNEQ dividends, CNEQ valuation. See the CNEQ overview for the latest quote and fund facts.
CNEQ performance FAQ
What is the CNEQ return over the past year?
CNEQ returned +9.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.6%.
How much would $10,000 invested in CNEQ be worth?
$10,000 invested in CNEQ at its first recorded close on April 5, 2024 would be worth about $18,806 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CNEQ?
The largest peak-to-trough decline was −27.6% between February 14, 2025 and April 8, 2025. It recovered to the old high on June 6, 2025, 59 days after the bottom.
How volatile is CNEQ?
Over the past history CNEQ had an annualized volatility of 23.1% and a Sharpe ratio of 1.31 (excess return over 1–3 month T-bills per unit of risk).