INVNvsTAXETF Comparison
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Alger Russell Innovation ETF (INVN) belongs to the US Large Cap segment. Cambria Tax Aware ETF (TAX) is part of the US Large Cap Value segment. INVN's top 3 sector exposures are Technology, Healthcare and Finance. In contrast, TAX's top sector exposures are Industrials, Healthcare and Technology. INVN is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.54% for TAX. INVN is up 9.78% year-to-date (YTD) with -$7M in YTD flows. TAX performs worse with 8% YTD performance, and -$7M in YTD flows. Run a side-by-side ETF comparison of INVN and TAX 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 TAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | INVN TAX | +8.43%-3.31% | +16.54%+3.66% | +9.78%+8.00% | +22.96%+15.62% | n/an/a | n/an/a |
| Flows | INVN TAX | -$2M-$305K | -$5M-$305K | -$7M-$7M | -$7M-$8M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INVN TAX | +28.14%+16.93% | +23.51%+16.48% | n/an/a | n/an/a |
| Max drawdown | INVN TAX | -10.46%-5.24% | -20.34%-11.05% | n/an/a | n/an/a |
| Max drawdown duration | INVN TAX | 44d20d | 142d84d | n/an/a | n/an/a |
Trading data
INVN | TAX | |
Last sale 7/31/2026 at 1:30 PM | $23.80 | |
| Previous close 07/31/2026 | $23.92 | |
| 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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TAX
is actively managed and doesn’t replicate an indexINVN | TAX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
INVN | TAX | |
|---|---|---|
| Last price | $23.80 | – |
| 1D performance | -0.50% | – |
| AuM | $8.32 M | $25.18 M |
| E/R | 0.95% | 0.54% |
Characteristics
INVN | TAX | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Fred Alger Management | Cambria |
| Benchmark | Alger Russell Innovation Index | - |
| N° of holdings | 50 | 97 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 6, 2025 | December 18, 2024 |
| ESG | No | No |
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Exposure
Countries
INVN
USA
97.76%
Other
2.24%
TAX
USA
94.53%
Other
5.47%
Sectors
INVN
Technology
58.56%
Healthcare
20.37%
Finance
8.26%
Other
12.81%
TAX
Industrials
21.75%
Healthcare
20.03%
Technology
17.52%
Finance
9.56%
Consumer Cyclical.
8.95%
Consumer Services
7.18%
Other
15.01%
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Diversification
INVN
Total weight of top 15 holdings out of 15
33.06%
TAX
Total weight of top 15 holdings out of 15
23.29%
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%
Merck & Co., Inc.
2.11%
Dynatrace, Inc.
2.11%
Incyte Corp.
2.10%
Unity Software, Inc.
2.09%
TAX
Flex Ltd.
2.08%
Sterling Infrastructure, Inc.
1.99%
Advanced Micro Devices, Inc.
1.97%
Revolution Medicines, Inc.
1.72%
Amkor Technology, Inc.
1.47%
Comfort Systems USA, Inc.
1.47%
Twilio, Inc.
1.46%
JFrog Ltd.
1.46%
Roivant Sciences Ltd.
1.45%
Sanmina Corp.
1.43%
MGM Resorts International
1.39%
GE Vernova, Inc.
1.39%
Jabil, Inc.
1.38%
F5, Inc.
1.32%
Jazz Pharmaceuticals Plc
1.31%
Frequently asked questions about INVN and TAX
How have the INVN and TAX ETFs performed in 2026?
As of July 31, 2026, INVN is up 9.78% year-to-date (YTD), while TAX has returned 8%. That puts INVN better performer ahead so far this year.
Which ETF is attracting more investor money: INVN or TAX?
Year-to-date, the INVN ETF saw -$7M in flows, compared to -$7M for TAX.
Which ETF is more volatile: INVN or TAX?
Over the past year, INVN had a volatility of 23.51%, while TAX experienced 16.48%.
Which ETF is bigger: INVN or TAX?
As of July 31, 2026, INVN holds $8.32 M in assets under management (AUM), while TAX manages $25.18 M.
What sectors do the INVN and TAX ETFs invest in?
INVN leans toward sectors like Technology, Healthcare and Finance. Meanwhile, TAX focuses on Industrials, Healthcare and Technology.
What are the top holdings of the INVN ETF and TAX ETF?
INVN top holdings include Roblox Corp., Zebra Technologies Corp. and Expedia Group, Inc.. TAX holds in its top three: Flex Ltd., Sterling Infrastructure, Inc. and Advanced Micro Devices, Inc..
Which ETF is more diversified: INVN or TAX?
INVN holds 50 securities with 33.06% of its assets in the top 15. TAX has 97 securities and a top 15 weight of 23.29%.
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Latest news about INVN & TAX
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