INVNvsUSMFETF Comparison
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Alger Russell Innovation ETF (INVN) belongs to the US Large Cap segment. WisdomTree U.S. Multifactor Fund (USMF) is part of the US Multi-Factor segment. INVN's top 3 sector exposures are Technology, Healthcare and Finance. In contrast, USMF's top sector exposures are Technology, Finance and Healthcare. INVN is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.28% for USMF. INVN is up 21.13% year-to-date (YTD) with -$6M in YTD flows. USMF performs worse with 3.37% YTD performance, and -$107M in YTD flows. Run a side-by-side ETF comparison of INVN and USMF 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 USMF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | INVN USMF | +2.16%-3.39% | +27.32%-1.21% | +21.13%+3.37% | +23.74%+2.48% | n/a+39.86% | n/a+42.14% |
| Flows | INVN USMF | +$1M-$4M | -$2M-$66M | -$6M-$107M | -$6M-$122M | --$77M | -+$44M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INVN USMF | +28.33%+13.02% | +24.87%+11.53% | n/a+12.66% | n/a+14.37% |
| Max drawdown | INVN USMF | -6.86%-4.40% | -20.34%-6.39% | n/a-15.22% | n/a-18.07% |
| Max drawdown duration | INVN USMF | 14d31d | 142d220d | n/a283d | n/a696d |
Trading data
INVN | USMF | |
Last sale 9/18/2026 at 1:30 PM | $25.84 | $52.54 |
| Previous close 09/17/2026 | $26.23 | $52.60 |
| 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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INVN | USMF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
INVN | USMF | |
|---|---|---|
| Last price | $25.84 | $52.54 |
| 1D performance | -1.49% | -0.10% |
| AuM | $10.49 M | $278.61 M |
| E/R | 0.95% | 0.28% |
Characteristics
INVN | USMF | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Fred Alger Management | WisdomTree |
| Benchmark | Alger Russell Innovation Index | WisdomTree U.S. Multifactor Index |
| N° of holdings | 50 | 200 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 6, 2025 | June 29, 2017 |
| ESG | No | No |
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Exposure
Countries
INVN
USA
97.93%
Other
2.07%
USMF
USA
96.86%
Other
3.14%
Sectors
INVN
Technology
59.75%
Healthcare
19.22%
Finance
9.12%
Other
11.91%
USMF
Technology
33.19%
Finance
13.62%
Healthcare
12.93%
Industrials
8.64%
Consumer Non-Cycl.
8.19%
Other
23.43%
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Diversification
INVN
Total weight of top 15 holdings out of 15
34.02%
USMF
Total weight of top 15 holdings out of 15
25.53%
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%
USMF
Apple, Inc.
4.33%
Alphabet, Inc.
3.72%
NVIDIA Corp.
3.70%
Broadcom Inc.
1.66%
Eli Lilly & Co.
1.34%
Expedia Group, Inc.
1.33%
Murphy USA, Inc.
1.16%
Burlington Stores, Inc.
1.13%
General Motors Co.
1.13%
Tapestry, Inc.
1.09%
eBay, Inc.
1.08%
Micron Technology, Inc.
1.00%
MGM Resorts International
0.98%
Johnson & Johnson
0.94%
Deckers Outdoor Corp.
0.93%
Frequently asked questions about INVN and USMF
How have the INVN and USMF ETFs performed in 2026?
As of September 17, 2026, INVN is up 21.13% year-to-date (YTD), while USMF has returned 3.37%. That puts INVN better performer ahead so far this year.
Which ETF is attracting more investor money: INVN or USMF?
Year-to-date, the INVN ETF saw -$6M in flows, compared to -$107M for USMF.
Which ETF is more volatile: INVN or USMF?
Over the past year, INVN had a volatility of 24.87%, while USMF experienced 11.53%.
Which ETF is bigger: INVN or USMF?
As of September 17, 2026, INVN holds $10.49 M in assets under management (AUM), while USMF manages $278.61 M.
What sectors do the INVN and USMF ETFs invest in?
INVN leans toward sectors like Technology, Healthcare and Finance. Meanwhile, USMF focuses on Technology, Finance and Healthcare.
What are the top holdings of the INVN ETF and USMF ETF?
INVN top holdings include RingCentral, Inc., PayPal Holdings, Inc. and Bill Holdings, Inc.. USMF holds in its top three: Apple, Inc., Alphabet, Inc. and NVIDIA Corp..
Which ETF is more diversified: INVN or USMF?
INVN holds 50 securities with 34.02% of its assets in the top 15. USMF has 200 securities and a top 15 weight of 25.53%.
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