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INVNvsIQSMETF Comparison

ETF 1

INVN

Alger Russell Innovation ETF

This fund is part of

US Large Cap

-1.98%

Full INVN fund page

VS

ETF 2

IQSM

NYLI Candriam U.S. Mid Cap Equity ETF

This fund is part of

US Mid Cap

-1.18%

Full IQSM fund page

Alger Russell Innovation ETF (INVN) belongs to the US Large Cap segment. NYLI Candriam U.S. Mid Cap Equity ETF (IQSM) is part of the US Mid Cap segment. INVN's top 3 sector exposures are Technology, Healthcare and Finance. In contrast, IQSM's top sector exposures are Finance, Technology and Healthcare. INVN is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.16% for IQSM. INVN is up 23.58% year-to-date (YTD) with -$6M in YTD flows. IQSM performs worse with 13.64% YTD performance, and +$187M in YTD flows. Run a side-by-side ETF comparison of INVN and IQSM 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 IQSM performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 10/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	INVN IQSM	+5.44%+1.85%	+11.83%-0.36%	+23.58%+13.64%	+29.04%+16.83%	n/a+62.91%	n/an/a
Flows	INVN IQSM	-+$65M	+$1M+$100M	-$6M+$187M	-$7M+$180M	-+$169M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	INVN IQSM	+24.81%+12.77%	+25.05%+14.68%	n/a+17.12%	n/an/a
Max drawdown	INVN IQSM	-8.07%-6.21%	-20.34%-8.92%	n/a-23.67%	n/an/a
Max drawdown duration	INVN IQSM	48d75d	142d49d	n/a379d	n/an/a

Trading data

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	INVN	IQSM
Last sale 11/2/2026 at 2:30 PM	$26.89	$39.35
Previous close 10/30/2026	$26.74	$39.10
Consolidated volume 10/30/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 30, 2026

1-year trailing difference

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

Main metrics

Last update 11/2/2026 at 2:30 PM

Live

Closed

	INVN	IQSM
Last price	$26.89	$39.35
1D performance	+0.56%	+0.64%
AuM	$10.70 M	$428.73 M
E/R	0.95%	0.16%

Characteristics

	INVN	IQSM
Management strategy	Passive	Passive
Provider	Fred Alger Management	New York Life Investments
Benchmark	Alger Russell Innovation Index	NYLI Candriam U.S. Mid Cap Equity Index
N° of holdings	50	243
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 6, 2025	October 25, 2022
ESG	No	Yes

More INVN data on Trackinsight

More IQSM data on Trackinsight

Exposure

Countries

INVN

USA

95.91%

Other

4.09%

IQSM

USA

95.19%

Other

4.81%

Sectors

INVN

Technology

54.94%

Healthcare

22.18%

Finance

9.51%

Other

13.38%

IQSM

Finance

22.04%

Technology

17.83%

Healthcare

16.22%

Industrials

15.42%

Non-Energy Materi.

8.74%

Other

19.75%

Diversification

INVN

Total weight of top 15 holdings out of 15

33.02%

IQSM

Total weight of top 15 holdings out of 15

11.88%

Top 15 holdings

Data as of September 30, 2026

INVN

Meta Platforms, Inc.

2.61%

QUALCOMM, Inc.

2.32%

Cirrus Logic, Inc.

2.27%

Nutanix, Inc.

2.25%

RingCentral, Inc.

2.20%

Roblox Corp.

2.20%

DocuSign, Inc.

2.20%

Elastic NV

2.19%

Biogen, Inc.

2.17%

Unity Software, Inc.

2.15%

Exelixis, Inc.

2.13%

Pfizer Inc.

2.10%

Dropbox, Inc.

2.10%

Trimble, Inc.

2.07%

Atlassian Corp.

2.06%

IQSM

MACOM Technology Solutions Holdings, Inc.

0.89%

Guardant Health, Inc.

0.88%

US Foods Holding Corp.

0.87%

PTC, Inc.

0.87%

Viatris, Inc.

0.83%

Roku, Inc.

0.83%

Semtech Corp.

0.79%

TD SYNNEX Corp.

0.78%

Nutanix, Inc.

0.77%

HF Sinclair Corp.

0.75%

Zebra Technologies Corp.

0.73%

Dynatrace, Inc.

0.73%

ITT, Inc.

0.73%

IDEX Corp.

0.72%

Lattice Semiconductor Corp.

0.71%

Frequently asked questions about INVN and IQSM

How have the INVN and IQSM ETFs performed in 2026?

As of October 30, 2026, INVN is up 23.58% year-to-date (YTD), while IQSM has returned 13.64%. That puts INVN better performer ahead so far this year.

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

Year-to-date, the INVN ETF saw -$6M in flows, compared to +$187M for IQSM.

Which ETF is more volatile: INVN or IQSM?

Over the past year, INVN had a volatility of 25.05%, while IQSM experienced 14.68%.

Which ETF is bigger: INVN or IQSM?

As of October 30, 2026, INVN holds $10.70 M in assets under management (AUM), while IQSM manages $428.73 M.

What sectors do the INVN and IQSM ETFs invest in?

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

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

INVN top holdings include Meta Platforms, Inc., QUALCOMM, Inc. and Cirrus Logic, Inc.. IQSM holds in its top three: MACOM Technology Solutions Holdings, Inc., Guardant Health, Inc. and US Foods Holding Corp..

INVNvsIQSMETF Comparison

Alger Russell Innovation ETF

NYLI Candriam U.S. Mid Cap Equity ETF

INVN vs IQSM 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 IQSM ETFs performed in 2026?

As of October 30, 2026, INVN is up 23.58% year-to-date (YTD), while IQSM has returned 13.64%. That puts INVN better performer ahead so far this year.

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

Year-to-date, the INVN ETF saw -$6M in flows, compared to +$187M for IQSM.

Which ETF is more volatile: INVN or IQSM?

Over the past year, INVN had a volatility of 25.05%, while IQSM experienced 14.68%.

Which ETF is bigger: INVN or IQSM?

As of October 30, 2026, INVN holds $10.70 M in assets under management (AUM), while IQSM manages $428.73 M.

What sectors do the INVN and IQSM ETFs invest in?

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

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

INVN top holdings include Meta Platforms, Inc., QUALCOMM, Inc. and Cirrus Logic, Inc.. IQSM holds in its top three: MACOM Technology Solutions Holdings, Inc., Guardant Health, Inc. and US Foods Holding Corp..

Which ETF is more diversified: INVN or IQSM?

INVN holds 50 securities with 33.02% of its assets in the top 15. IQSM has 245 securities and a top 15 weight of 11.88%.

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