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INVNvsCLSEETF Comparison

ETF 1

INVN

Alger Russell Innovation ETF

This fund is part of

US Large Cap

+0.65%

Full INVN fund page

VS

ETF 2

CLSE

Convergence Long/Short Equity ETF

This fund is part of

Alternatives

+0.12%

Full CLSE fund page

Alger Russell Innovation ETF (INVN) belongs to the US Large Cap segment. Convergence Long/Short Equity ETF (CLSE) is part of the Alternatives segment. INVN's top 3 sector exposures are Technology, Healthcare and Finance. In contrast, CLSE's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. INVN is less expensive with a Total Expense Ratio (TER) of 0.95%, versus 1.52% for CLSE. INVN is up 9.78% year-to-date (YTD) with -$7M in YTD flows. CLSE performs better with 23.87% YTD performance, and +$475M in YTD flows. Run a side-by-side ETF comparison of INVN and CLSE 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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INVN vs CLSE performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 07/31/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	INVN CLSE	+8.43%-0.77%	+16.54%+8.40%	+9.78%+23.87%	+22.96%+43.36%	n/a+116.80%	n/an/a
Flows	INVN CLSE	-$2M+$116M	-$5M+$306M	-$7M+$475M	-$7M+$525M	-+$662M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	INVN CLSE	+28.14%+13.86%	+23.51%+13.48%	n/a+13.59%	n/an/a
Max drawdown	INVN CLSE	-10.46%-3.47%	-20.34%-4.60%	n/a-15.76%	n/an/a
Max drawdown duration	INVN CLSE	44d38d	142d40d	n/a188d	n/an/a

Trading data

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	INVN	CLSE
Last sale 8/3/2026 at 1:30 PM	$24.23	$34.06
Previous close 07/31/2026	$23.80	$33.99
Consolidated volume 07/31/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of July 31, 2026

1-year trailing difference

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CLSE

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 8/3/2026 at 1:30 PM

Live

Closed

	INVN	CLSE
Last price	$24.23	$34.06
1D performance	+1.78%	+0.21%
AuM	$8.32 M	$836.77 M
E/R	0.95%	1.52%

Characteristics

	INVN	CLSE
Management strategy	Passive	Active
Provider	Fred Alger Management	Convergence Investment Partners LLC
Benchmark	Alger Russell Innovation Index	-
N° of holdings	50	688
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	January 6, 2025	February 22, 2022
ESG	No	No

More INVN data on Trackinsight

More CLSE data on Trackinsight

Exposure

Countries

INVN

USA

97.76%

Other

2.24%

CLSE

Data will be available soon

Sectors

INVN

Technology

58.56%

Healthcare

20.37%

Finance

8.26%

Other

12.81%

CLSE

Data will be available soon

Diversification

INVN

Total weight of top 15 holdings out of 15

33.06%

CLSE

Data will be available soon

Top 15 holdings

Data as of June 30, 2026

INVN

Roblox Corp.

2.56%

Zebra Technologies Corp.

2.37%

Expedia Group, Inc.

2.28%

Maplebear, Inc.

2.24%

Block, Inc.

2.23%

Zscaler, Inc.

2.21%

Bill Holdings, Inc.

2.18%

Biogen, Inc.

2.17%

CCC Intelligent Solutions Holdings, Inc.

2.14%

Etsy, Inc.

2.14%

Lyft, Inc.

2.13%

Dynatrace, Inc.

2.11%

Merck & Co., Inc.

2.11%

Incyte Corp.

2.10%

GitLab, Inc.

2.09%

CLSE

Data will be available soon

Frequently asked questions about INVN and CLSE

How have the INVN and CLSE ETFs performed in 2026?

As of July 31, 2026, INVN is up 9.78% year-to-date (YTD), while CLSE has returned 23.87%. That puts CLSE better performer ahead so far this year.

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

Year-to-date, the INVN ETF saw -$7M in flows, compared to +$475M for CLSE.

Which ETF is more volatile: INVN or CLSE?

Over the past year, INVN had a volatility of 23.51%, while CLSE experienced 13.48%.

Which ETF is bigger: INVN or CLSE?

As of July 31, 2026, INVN holds $8.32 M in assets under management (AUM), while CLSE manages $836.77 M.

What sectors do the INVN and CLSE ETFs invest in?

INVN leans toward sectors like Technology, Healthcare and Finance. Meanwhile, CLSE focuses on Technology and Finance.

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

INVN top holdings include Roblox Corp., Zebra Technologies Corp. and Expedia Group, Inc.. CLSE holds in its top three: NVIDIA Corp., Lam Research Corp. and Alphabet, Inc..

INVNvsCLSEETF Comparison

Alger Russell Innovation ETF

Convergence Long/Short Equity ETF

INVN vs CLSE 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 INVN and CLSE ETFs performed in 2026?

As of July 31, 2026, INVN is up 9.78% year-to-date (YTD), while CLSE has returned 23.87%. That puts CLSE better performer ahead so far this year.

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

Year-to-date, the INVN ETF saw -$7M in flows, compared to +$475M for CLSE.

Which ETF is more volatile: INVN or CLSE?

Over the past year, INVN had a volatility of 23.51%, while CLSE experienced 13.48%.

Which ETF is bigger: INVN or CLSE?

As of July 31, 2026, INVN holds $8.32 M in assets under management (AUM), while CLSE manages $836.77 M.

What sectors do the INVN and CLSE ETFs invest in?

INVN leans toward sectors like Technology, Healthcare and Finance. Meanwhile, CLSE focuses on Technology and Finance.

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

INVN top holdings include Roblox Corp., Zebra Technologies Corp. and Expedia Group, Inc.. CLSE holds in its top three: NVIDIA Corp., Lam Research Corp. and Alphabet, Inc..

Which ETF is more diversified: INVN or CLSE?

INVN holds 50 securities with 33.06% of its assets in the top 15. CLSE has 696 securities and a top 15 weight of 29.71%.

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