BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

INVNvsFXLETF Comparison

ETF 1

INVN

Alger Russell Innovation ETF

This fund is part of

US Large Cap

+1.49%

Full INVN fund page

VS

ETF 2

FXL

First Trust Technology AlphaDEX Fund ETF

This fund is part of

US Info. Technology

+1.46%

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 Technology, Healthcare and Finance. In contrast, FXL's top sector exposures are Technology, Industrials and Business Services. INVN is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.6% for FXL. INVN is up 11.51% year-to-date (YTD) with -$7M in YTD flows. FXL performs better with 21.56% YTD performance, and +$942M 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.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

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

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 08/03/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	INVN FXL	+8.38%-0.33%	+16.99%+8.11%	+11.51%+21.56%	+24.32%+27.67%	n/a+77.39%	n/a+62.94%
Flows	INVN FXL	-$2M-$699M	-$4M+$1.01B	-$7M+$942M	-$8M+$919M	-+$673M	--$678M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	INVN FXL	+28.20%+32.28%	+23.51%+25.71%	n/a+24.82%	n/a+26.28%
Max drawdown	INVN FXL	-10.46%-15.21%	-20.34%-15.21%	n/a-28.19%	n/a-38.56%
Max drawdown duration	INVN FXL	44d62d	142d62d	n/a156d	n/a821d

Trading data

Create an account to view trading data

Join for free

	INVN	FXL
Last sale 8/4/2026 at 3:12 PM	$24.64	$213.15
Previous close 08/03/2026	$24.17	$204.51
Consolidated volume 08/03/2026
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

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

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

Main metrics

Last update 8/4/2026 at 3:12 PM

Live

Closed

	INVN	FXL
Last price	$24.64	$213.15
1D performance	+1.94%	+4.22%
AuM	$8.45 M	$2.63 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	50	103
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

97.76%

Other

2.24%

FXL

USA

97.95%

Other

2.05%

Sectors

INVN

Technology

58.56%

Healthcare

20.37%

Finance

8.26%

Other

12.81%

FXL

Technology

86.71%

Other

13.29%

Diversification

INVN

Total weight of top 15 holdings out of 15

33.06%

FXL

Total weight of top 15 holdings out of 15

32.89%

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%

Etsy, Inc.

2.14%

CCC Intelligent Solutions Holdings, Inc.

2.14%

Lyft, Inc.

2.13%

Dynatrace, Inc.

2.11%

Merck & Co., Inc.

2.11%

Incyte Corp.

2.10%

GitLab, Inc.

2.09%

FXL

Micron Technology, Inc.

3.83%

Marvell Technology, Inc.

3.44%

Dell Technologies, Inc.

3.25%

Advanced Micro Devices, Inc.

2.54%

Lam Research Corp.

2.30%

KLA Corp.

2.27%

MACOM Technology Solutions Holdings, Inc.

1.98%

Applied Materials, Inc.

1.82%

Jabil, Inc.

1.77%

Amkor Technology, Inc.

1.70%

GLOBALFOUNDRIES, Inc.

1.66%

Onto Innovation, Inc.

1.64%

Twilio, Inc.

1.59%

Vertiv Holdings Co.

1.56%

Skyworks Solutions, Inc.

1.54%

Frequently asked questions about INVN and FXL

How have the INVN and FXL ETFs performed in 2026?

As of August 3, 2026, INVN is up 11.51% year-to-date (YTD), while FXL has returned 21.56%. 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 -$7M in flows, compared to +$942M for FXL.

Which ETF is more volatile: INVN or FXL?

Over the past year, INVN had a volatility of 23.51%, while FXL experienced 25.71%.

Which ETF is bigger: INVN or FXL?

As of August 3, 2026, INVN holds $8.45 M in assets under management (AUM), while FXL manages $2.63 B.

What sectors do the INVN and FXL ETFs invest in?

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

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

INVN top holdings include Roblox Corp., Zebra Technologies Corp. and Expedia Group, Inc.. FXL holds in its top three: Micron Technology, Inc., Marvell Technology, Inc. and Dell Technologies, Inc..

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 August 3, 2026, INVN is up 11.51% year-to-date (YTD), while FXL has returned 21.56%. 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 -$7M in flows, compared to +$942M for FXL.

Which ETF is more volatile: INVN or FXL?

Over the past year, INVN had a volatility of 23.51%, while FXL experienced 25.71%.

Which ETF is bigger: INVN or FXL?

As of August 3, 2026, INVN holds $8.45 M in assets under management (AUM), while FXL manages $2.63 B.

What sectors do the INVN and FXL ETFs invest in?

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

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

INVN top holdings include Roblox Corp., Zebra Technologies Corp. and Expedia Group, Inc.. FXL holds in its top three: Micron Technology, Inc., Marvell Technology, Inc. and Dell Technologies, Inc..

Which ETF is more diversified: INVN or FXL?

INVN holds 50 securities with 33.06% of its assets in the top 15. FXL has 103 securities and a top 15 weight of 32.89%.

The ETF Industry Is Evolving Fast