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FXLvsINVNETF Comparison

ETF 1

FXL

First Trust Technology AlphaDEX Fund ETF

This fund is part of

US Info. Technology

+3.15%

Full FXL fund page

VS

ETF 2

INVN

Alger Russell Innovation ETF

This fund is part of

US Large Cap

+0.9%

Full INVN fund page

First Trust Technology AlphaDEX Fund ETF (FXL) belongs to the US Info. Technology segment. Alger Russell Innovation ETF (INVN) is part of the US Large Cap segment. FXL's top 3 sector exposures are Information Technology, Industrials and Communication Services. In contrast, INVN's top sector exposures are Information Technology, Health Care and Consumer Discretionary. FXL is less expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.95% for INVN. FXL is up 10.51% year-to-date (YTD) with -$58M in YTD flows. INVN performs worse with -11.4% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of FXL and INVN below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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FXL vs INVN performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FXL INVN	+14.38%+1.44%	+6.06%-8.92%	+10.51%-11.40%	+38.33%+12.97%	+87.97%n/a	+52.77%n/a
Flows	FXL INVN	-$16M-$945K	-$41M-$970K	-$58M-$3M	-$119M-$1M	-$333M-	-$1.67B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FXL INVN	+27.49%+27.35%	+21.78%+20.61%	+23.72%n/a	+25.53%n/a
Max drawdown	FXL INVN	-13.53%-16.23%	-13.53%-20.34%	-28.19%n/a	-38.56%n/a
Max drawdown duration	FXL INVN	77d87d	77d106d	156dn/a	821dn/a

Trading data

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	FXL	INVN
Last sale 4/27/2026 at 1:30 PM	$184.14	$19.51
Previous close 04/24/2026	$185.69	$19.53
Consolidated volume 04/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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	FXL	INVN
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	FXL	INVN
Last price	$184.14	$19.51
1D performance	-0.83%	-0.10%
AuM	$1.50 B	$11.03 M
E/R	0.6%	0.95%

Characteristics

	FXL	INVN
Management strategy	Passive	Passive
Provider	First Trust	Fred Alger Management
Benchmark	StrataQuant Technology Index	Alger Russell Innovation Index
N° of holdings	96	49
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	May 8, 2007	January 6, 2025
ESG	No	No

More FXL data on Trackinsight

More INVN data on Trackinsight

Exposure

Countries

FXL

USA

94.66%

Other

5.34%

INVN

USA

93.71%

Other

6.29%

Sectors

FXL

Information Techn.

79.52%

Industrials

9.6%

Other

10.88%

INVN

Information Techn.

61.27%

Health Care

22.63%

Other

16.1%

Diversification

FXL

Total weight of top 15 holdings out of 15

30.14%

INVN

Total weight of top 15 holdings out of 15

32.27%

Top 15 holdings

Data as of March 31, 2026

FXL

VERTIV HOLDINGS

2.76%

APPLIED MATERIAL

2.38%

MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC

2.31%

ARROW ELECTRONICS

2.30%

US5128073062

2.24%

KLA CORPORATION

2.16%

CIRRUS LOGIC

2.14%

AKAMAI TECHNOLOGIES

1.83%

AVNET

1.81%

MICRON TECHNOLOGY

1.78%

TD SYNNEX

1.71%

MONOLITHIC POWER SYSTEMS

1.71%

ADVANCED MICRO DEVICES

1.69%

SCIENCE APPLICATIONS INTERNATIONAL CORP

1.67%

JABIL CIRCUIT

1.65%

INVN

CORCEPT THERAPEUTICS

2.33%

OKTA

2.27%

UNITY SOFTWARE

2.22%

PFIZER

2.18%

CIRRUS LOGIC

2.17%

EXPEDIA GROUP INC

2.15%

NETAPP

2.13%

ZOOM VIDEO COMMUNICATIONS INC

2.13%

EXELIXIS

2.12%

DOCUSIGN INC

2.12%

DUOLINGO INC

2.12%

TWILIO

2.11%

CCC INTELLIGENT SOLUTIONS

2.08%

UIPATH INC

2.07%

JAZZ PHARMACEUTICALS

2.07%

Frequently asked questions about FXL and INVN

How have the FXL and INVN ETFs performed in 2026?

As of April 24, 2026, FXL is up 10.51% year-to-date (YTD), while INVN has lost -11.4%. That puts FXL better performer ahead so far this year.

Which ETF is attracting more investor money: FXL or INVN?

Year-to-date, the FXL ETF saw -$58M in flows, compared to -$3M for INVN.

Which ETF is more volatile: FXL or INVN?

Over the past year, FXL had a volatility of 21.78%, while INVN experienced 20.61%.

Which ETF is bigger: FXL or INVN?

As of April 24, 2026, FXL holds $1.50 B in assets under management (AUM), while INVN manages $11.03 M.

What sectors do the FXL and INVN ETFs invest in?

FXL leans toward sectors like Information Technology and Industrials. Meanwhile, INVN focuses on Information Technology and Health Care.

What are the top holdings of the FXL ETF and INVN ETF?

FXL top holdings include VERTIV HOLDINGS, APPLIED MATERIAL and MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC. INVN holds in its top three: CORCEPT THERAPEUTICS, OKTA and UNITY SOFTWARE.

FXLvsINVNETF Comparison

First Trust Technology AlphaDEX Fund ETF

Alger Russell Innovation ETF

FXL vs INVN performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FXL and INVN ETFs performed in 2026?

As of April 24, 2026, FXL is up 10.51% year-to-date (YTD), while INVN has lost -11.4%. That puts FXL better performer ahead so far this year.

Which ETF is attracting more investor money: FXL or INVN?

Year-to-date, the FXL ETF saw -$58M in flows, compared to -$3M for INVN.

Which ETF is more volatile: FXL or INVN?

Over the past year, FXL had a volatility of 21.78%, while INVN experienced 20.61%.

Which ETF is bigger: FXL or INVN?

As of April 24, 2026, FXL holds $1.50 B in assets under management (AUM), while INVN manages $11.03 M.

What sectors do the FXL and INVN ETFs invest in?

FXL leans toward sectors like Information Technology and Industrials. Meanwhile, INVN focuses on Information Technology and Health Care.

What are the top holdings of the FXL ETF and INVN ETF?

FXL top holdings include VERTIV HOLDINGS, APPLIED MATERIAL and MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC. INVN holds in its top three: CORCEPT THERAPEUTICS, OKTA and UNITY SOFTWARE.

Which ETF is more diversified: FXL or INVN?

FXL holds 102 securities with 30.14% of its assets in the top 15. INVN has 49 securities and a top 15 weight of 32.27%.

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