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INVNvsMKTNETF Comparison

ETF 1

INVN

Alger Russell Innovation ETF

This fund is part of

US Large Cap

+1.18%

Full INVN fund page

VS

ETF 2

MKTN

Federated Hermes MDT Market Neutral ETF

This fund is part of

Alternatives

+0.7%

Full MKTN fund page

Alger Russell Innovation ETF (INVN) belongs to the US Large Cap segment. Federated Hermes MDT Market Neutral ETF (MKTN) is part of the Alternatives segment. INVN's top 3 sector exposures are Technology, Healthcare and Finance. In contrast, MKTN's top sector exposures are Technology, Finance and Healthcare. INVN is less expensive with a Total Expense Ratio (TER) of 0.95%, versus 2.27% for MKTN. INVN is up 21.13% year-to-date (YTD) with -$6M in YTD flows. MKTN performs worse with 8.63% YTD performance, and +$101M in YTD flows. Run a side-by-side ETF comparison of INVN and MKTN 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 MKTN performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	INVN MKTN	+2.16%+2.16%	+27.32%+8.70%	+21.13%+8.63%	+23.74%n/a	n/an/a	n/an/a
Flows	INVN MKTN	+$1M+$14M	-$2M+$23M	-$6M+$101M	-$6M-	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	INVN MKTN	+28.33%+6.74%	+24.87%n/a	n/an/a	n/an/a
Max drawdown	INVN MKTN	-6.86%-1.80%	-20.34%n/a	n/an/a	n/an/a
Max drawdown duration	INVN MKTN	14d14d	142dn/a	n/an/a	n/an/a

Trading data

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	INVN	MKTN
Last sale 9/18/2026 at 1:30 PM	$25.84	$27.82
Previous close 09/17/2026	$26.23	$27.91
Consolidated volume 09/17/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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MKTN

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 9/18/2026 at 1:30 PM

Live

Closed

	INVN	MKTN
Last price	$25.84	$27.82
1D performance	-1.49%	-0.31%
AuM	$10.49 M	$137.68 M
E/R	0.95%	2.27%

Characteristics

	INVN	MKTN
Management strategy	Passive	Active
Provider	Fred Alger Management	Federated Investment Management
Benchmark	Alger Russell Innovation Index	-
N° of holdings	50	213
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	January 6, 2025	September 24, 2025
ESG	No	No

More INVN data on Trackinsight

More MKTN data on Trackinsight

Exposure

Countries

INVN

USA

97.93%

Other

2.07%

MKTN

USA

85.3%

Other

14.7%

Sectors

INVN

Technology

59.75%

Healthcare

19.22%

Finance

9.12%

Other

11.91%

MKTN

Technology

24.82%

Finance

18.06%

Healthcare

13.77%

Industrials

9.75%

Consumer Cyclical.

7.03%

Other

26.57%

Diversification

INVN

Total weight of top 15 holdings out of 15

34.02%

MKTN

Total weight of top 15 holdings out of 15

31.94%

Top 15 holdings

Data as of July 31, 2026

INVN

RingCentral, Inc.

2.53%

PayPal Holdings, Inc.

2.48%

Bill Holdings, Inc.

2.46%

Zebra Technologies Corp.

2.39%

Expedia Group, Inc.

2.37%

CCC Intelligent Solutions Holdings, Inc.

2.28%

Regeneron Pharmaceuticals, Inc.

2.24%

Procore Technologies, Inc.

2.22%

HubSpot, Inc.

2.17%

Klaviyo, Inc.

2.17%

Figma, Inc.

2.16%

Block, Inc.

2.15%

DocuSign, Inc.

2.14%

Zscaler, Inc.

2.14%

GitLab, Inc.

2.13%

MKTN

The Travelers Cos., Inc.

2.81%

Fiserv, Inc.

2.67%

Viking Holdings Ltd. (Bermuda)

2.51%

Intuit, Inc.

2.45%

AbbVie, Inc.

2.31%

GE Vernova, Inc.

2.17%

Five Below, Inc.

2.16%

CrowdStrike Holdings, Inc.

2.13%

GE Aerospace

1.98%

Advance Auto Parts, Inc.

1.96%

The Bank of New York Mellon Corp.

1.94%

Accenture Plc

1.75%

Netflix, Inc.

1.75%

State Street Corp.

1.72%

Regeneron Pharmaceuticals, Inc.

1.63%

Frequently asked questions about INVN and MKTN

How have the INVN and MKTN ETFs performed in 2026?

As of September 17, 2026, INVN is up 21.13% year-to-date (YTD), while MKTN has returned 8.63%. That puts INVN better performer ahead so far this year.

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

Year-to-date, the INVN ETF saw -$6M in flows, compared to +$101M for MKTN.

Which ETF is bigger: INVN or MKTN?

As of September 17, 2026, INVN holds $10.49 M in assets under management (AUM), while MKTN manages $137.68 M.

What sectors do the INVN and MKTN ETFs invest in?

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

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

INVN top holdings include RingCentral, Inc., PayPal Holdings, Inc. and Bill Holdings, Inc.. MKTN holds in its top three: The Travelers Cos., Inc., Fiserv, Inc. and Viking Holdings Ltd. (Bermuda).

INVNvsMKTNETF Comparison

Alger Russell Innovation ETF

Federated Hermes MDT Market Neutral ETF

INVN vs MKTN 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 MKTN ETFs performed in 2026?

As of September 17, 2026, INVN is up 21.13% year-to-date (YTD), while MKTN has returned 8.63%. That puts INVN better performer ahead so far this year.

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

Year-to-date, the INVN ETF saw -$6M in flows, compared to +$101M for MKTN.

Which ETF is bigger: INVN or MKTN?

As of September 17, 2026, INVN holds $10.49 M in assets under management (AUM), while MKTN manages $137.68 M.

What sectors do the INVN and MKTN ETFs invest in?

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

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

INVN top holdings include RingCentral, Inc., PayPal Holdings, Inc. and Bill Holdings, Inc.. MKTN holds in its top three: The Travelers Cos., Inc., Fiserv, Inc. and Viking Holdings Ltd. (Bermuda).

Which ETF is more diversified: INVN or MKTN?

INVN holds 50 securities with 34.02% of its assets in the top 15. MKTN has 213 securities and a top 15 weight of 31.94%.

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