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INVNvsFXLETF Comparison

ETF 1

INVN

Alger Russell Innovation ETF

This fund is part of

US Large Cap

+1.25%

Full INVN fund page

VS

ETF 2

FXL

First Trust Technology AlphaDEX Fund ETF

This fund is part of

US Info. Technology

+3.66%

Full FXL fund page

Alger Russell Innovation ETF (INVN) belongs to the US Large Cap segment. First Trust Technology AlphaDEX Fund ETF (FXL) is part of the US Info. Technology segment. INVN's top 3 sector exposures are Information Technology, Health Care and Consumer Discretionary. In contrast, FXL's top sector exposures are Information Technology, Industrials and Communication Services. INVN is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.6% for FXL. INVN is down -4.23% year-to-date (YTD) with -$5M in YTD flows. FXL performs better with 24.35% YTD performance, and -$57M in YTD flows. Run a side-by-side ETF comparison of INVN and FXL 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 FXL 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 06/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	INVN FXL	+1.61%+9.47%	+9.67%+27.70%	-4.23%+24.35%	+11.78%+37.27%	n/a+84.88%	n/a+72.99%
Flows	INVN FXL	-$1M+$10M	-$3M-$15M	-$5M-$57M	-$4M-$103M	--$326M	--$1.63B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	INVN FXL	+28.01%+30.35%	+21.87%+24.05%	n/a+24.42%	n/a+25.92%
Max drawdown	INVN FXL	-10.46%-10.00%	-20.34%-13.53%	n/a-28.19%	n/a-38.56%
Max drawdown duration	INVN FXL	17d15d	142d77d	n/a156d	n/a821d

Trading data

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	INVN	FXL
Last sale 6/18/2026 at 1:30 PM	$20.72	$213.89
Previous close 06/18/2026	$20.59	$209.28
Consolidated volume 06/18/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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

Main metrics

Last update 6/18/2026 at 1:30 PM

Live

Closed

	INVN	FXL
Last price	$20.72	$213.89
1D performance	+0.66%	+2.20%
AuM	$9.33 M	$1.68 B
E/R	0.95%	0.6%

Characteristics

	INVN	FXL
Management strategy	Passive	Passive
Provider	Fred Alger Management	First Trust
Benchmark	Alger Russell Innovation Index	StrataQuant Technology Index
N° of holdings	48	95
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 6, 2025	May 8, 2007
ESG	No	No

More INVN data on Trackinsight

More FXL data on Trackinsight

Exposure

Countries

INVN

USA

91.45%

Other

8.55%

FXL

USA

93.14%

Other

6.86%

Sectors

INVN

Information Techn.

61.09%

Health Care

22.11%

Other

16.8%

FXL

Information Techn.

78.3%

Industrials

8.9%

Other

12.8%

Diversification

INVN

Total weight of top 15 holdings out of 15

33.78%

FXL

Total weight of top 15 holdings out of 15

27.87%

Top 15 holdings

Data as of April 30, 2026

INVN

CORCEPT THERAPEUTICS

2.60%

UNITY SOFTWARE

2.59%

CIRRUS LOGIC

2.34%

ZOOM VIDEO COMMUNICATIONS INC

2.32%

TWILIO

2.30%

PURE STORAGE

2.30%

DUOLINGO INC

2.20%

EXPEDIA GROUP INC

2.17%

NETAPP

2.16%

SKYWORKS SOLUTIONS

2.15%

JAZZ PHARMACEUTICALS

2.15%

QUALCOMM

2.14%

EXELIXIS

2.14%

PAYPAL HOLDINGS

2.11%

OKTA

2.11%

FXL

MARVELL TECHNOLOGY

2.36%

MICRON TECHNOLOGY

2.27%

MONOLITHIC POWER SYSTEMS

2.05%

ADVANCED MICRO DEVICES

1.91%

VERTIV HOLDINGS

1.85%

SKYWORKS SOLUTIONS

1.83%

ZOOM VIDEO COMMUNICATIONS INC

1.82%

JABIL CIRCUIT

1.82%

DELL TECHNOLOGIES INC

1.81%

MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC

1.81%

RINGCENTRAL INC

1.71%

US5128073062

1.70%

AMKOR TECHNOLOGY

1.70%

KLA CORPORATION

1.66%

TWILIO

1.57%

Frequently asked questions about INVN and FXL

How have the INVN and FXL ETFs performed in 2026?

As of June 18, 2026, INVN is down -4.23% year-to-date (YTD), while FXL has returned 24.35%. That puts FXL better performer ahead so far this year.

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

Year-to-date, the INVN ETF saw -$5M in flows, compared to -$57M for FXL.

Which ETF is more volatile: INVN or FXL?

Over the past year, INVN had a volatility of 21.87%, while FXL experienced 24.05%.

Which ETF is bigger: INVN or FXL?

As of June 18, 2026, INVN holds $9.33 M in assets under management (AUM), while FXL manages $1.68 B.

What sectors do the INVN and FXL ETFs invest in?

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

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

INVN top holdings include CORCEPT THERAPEUTICS, UNITY SOFTWARE and CIRRUS LOGIC. FXL holds in its top three: MARVELL TECHNOLOGY, MICRON TECHNOLOGY and MONOLITHIC POWER SYSTEMS.

INVNvsFXLETF Comparison

Alger Russell Innovation ETF

First Trust Technology AlphaDEX Fund ETF

INVN vs FXL 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 FXL ETFs performed in 2026?

As of June 18, 2026, INVN is down -4.23% year-to-date (YTD), while FXL has returned 24.35%. That puts FXL better performer ahead so far this year.

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

Year-to-date, the INVN ETF saw -$5M in flows, compared to -$57M for FXL.

Which ETF is more volatile: INVN or FXL?

Over the past year, INVN had a volatility of 21.87%, while FXL experienced 24.05%.

Which ETF is bigger: INVN or FXL?

As of June 18, 2026, INVN holds $9.33 M in assets under management (AUM), while FXL manages $1.68 B.

What sectors do the INVN and FXL ETFs invest in?

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

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

INVN top holdings include CORCEPT THERAPEUTICS, UNITY SOFTWARE and CIRRUS LOGIC. FXL holds in its top three: MARVELL TECHNOLOGY, MICRON TECHNOLOGY and MONOLITHIC POWER SYSTEMS.

Which ETF is more diversified: INVN or FXL?

INVN holds 48 securities with 33.78% of its assets in the top 15. FXL has 103 securities and a top 15 weight of 27.87%.

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