The Alger ETF Trust

10-Year Study

CNEQ.US · · US · ETF

Executive Summary: The Alger ETF Trust has compounded at -30.0% annually over the last 10 years, with a maximum drawdown of 91.4% and an annualized volatility of 96.0%.

1Y CAGR
+36.5%
3Y CAGR
-43.1%
5Y CAGR
-28.3%
10Y CAGR
-30.0%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
91.4%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.26
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.13
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
43.4%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +33.6%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2024 · -86.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
40%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-1.3-3.3-5.215.4————————4.5%
20252.9-5.0-9.92.316.59.46.01.79.82.9-3.9-0.633.6%
20240.00.00.0-89.88.97.0-4.23.25.21.89.20.9-86.2%
20230.00.00.00.00.00.00.00.00.00.00.00.00.0%
20220.00.00.00.00.00.00.00.00.00.00.00.00.0%
2021———-4.0-12.30.00.50.00.00.00.00.0-15.4%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 96.0%. The dominant macroeconomic risk driver is SHV.US, accounting for 8.6% of variance. Idiosyncratic stock-specific factors contribute 68.1%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2021-03-0110000
2021-04-019601.820250284414
2021-05-018418.657565415246
2021-06-018418.657565415246
2021-07-018464.163822525597
2021-08-018464.163822525597
2021-09-018464.163822525597
2021-10-018464.163822525597
2021-11-018464.163822525597
2021-12-018464.163822525597
2022-01-018464.163822525597
2022-02-018464.163822525597
2022-03-018464.163822525597
2022-04-018464.163822525597
2022-05-018464.163822525597
2022-06-018464.163822525597
2022-07-018464.163822525597
2022-08-018464.163822525597
2022-09-018464.163822525597
2022-10-018464.163822525597
2022-11-018464.163822525597
2022-12-018464.163822525597
2023-01-018464.163822525597
2023-02-018464.163822525597
2023-03-018464.163822525597
2023-04-018464.163822525597
2023-05-018464.163822525597
2023-06-018464.163822525597
2023-07-018464.163822525597
2023-08-018464.163822525597
2023-09-018464.163822525597
2023-10-018464.163822525597
2023-11-018464.163822525597
2023-12-018464.163822525597
2024-01-018464.163822525597
2024-02-018464.163822525597
2024-03-018464.163822525597
2024-04-01861.1831626848691
2024-05-01937.8703071672355
2024-06-011003.9863481228668
2024-07-01962.0022753128555
2024-08-01992.3230944254835
2024-09-011044.113765642776
2024-10-011062.7303754266213
2024-11-011160.159271899886
2024-12-011170.9351535836179
2025-01-011204.7918088737201
2025-02-011144.3686006825938
2025-03-011031.085324232082
2025-04-011055.2081911262799
2025-05-011228.8236632536973
2025-06-011344.1865756541524
2025-07-011425.2013651877132
2025-08-011449.6382252559724
2025-09-011591.481228668942
2025-10-011637.01023890785
2025-11-011573.1968145620021
2025-12-011564.505119453925
2026-01-011544.9374288964734
2026-02-011494.425483503982
2026-03-011416.1547212741752
2026-04-011634.584755403868
Annual Return Matrix
YearAnnual Return
20220
20230
2024-0.8616596774193548
20250.3361159366219353
20260.04479348458406052
Total Factor Risk
0.9600415170891184
VTI.US Exposure
0.016218577046272886
VEA.US Exposure
0.0015416150814900069
VWO.US Exposure
0.0002163723211591514
QQQ.US Exposure
-0.000531401746641524
VTV.US Exposure
0.05094085924767333
IJR.US Exposure
0.0031541200000881173
QUAL.US Exposure
0.05208981974936816
SHV.US Exposure
0.08563320401259232
TLT.US Exposure
0.0072971884279884915
LQD.US Exposure
0.006887091395920113
HYG.US Exposure
0.004912716200360884
GLD.US Exposure
0.04457700903023863
USO.US Exposure
0.0069998088623493444
VNQ.US Exposure
0.0018817471812124244
BTC-USD.CC Exposure
-0.00052811922591526
CPER.US Exposure
-0.0008043311229113211
VIX.INDX Exposure
0.016713830653406987
UUP.US Exposure
0.018784569722178415
TIP.US Exposure
0.003183674071274376
Idiosyncratic Exposure
0.6808316490918945
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
96.0%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+3.0%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+2.1%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
75.8% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.00
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is The Alger ETF Trust a high-risk investment?

The Alger ETF Trust (CNEQ.US) has an annualized volatility of 96.0% and experienced a maximum drawdown of 91.4% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of CNEQ.US?

Over the past 10 years, CNEQ.US has generated a Compound Annual Growth Rate (CAGR) of -30.0%. It has had a positive return in 40% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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