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. Both ETFs have the same top 3 sector exposures: Technology, Healthcare and Finance. INVN is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.28% for USMF. INVN is up 23.58% year-to-date (YTD) with -$6M in YTD flows. USMF performs worse with 1.19% YTD performance, and -$126M 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 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | INVN USMF | +5.44%-1.37% | +11.83%-2.68% | +23.58%+1.19% | +29.04%+2.81% | n/a+43.46% | n/a+35.30% |
| Flows | INVN USMF | --$8M | +$1M-$36M | -$6M-$126M | -$7M-$135M | --$100M | -+$23M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INVN USMF | +24.81%+11.41% | +25.05%+11.75% | n/a+12.64% | n/a+14.35% |
| Max drawdown | INVN USMF | -8.07%-5.43% | -20.34%-6.12% | n/a-15.22% | n/a-18.07% |
| Max drawdown duration | INVN USMF | 48d74d | 142d101d | n/a283d | n/a696d |
Trading data
INVN | USMF | |
Last sale 11/2/2026 at 2:30 PM | $26.89 | $50.78 |
| Previous close 10/30/2026 | $26.74 | $51.32 |
| 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 | 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 11/2/2026 at 2:30 PM
Live
Closed
INVN | USMF | |
|---|---|---|
| Last price | $26.89 | $50.78 |
| 1D performance | +0.56% | -1.04% |
| AuM | $10.70 M | $254.11 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
95.91%
Other
4.09%
USMF
USA
96.95%
Other
3.05%
Sectors
INVN
Technology
54.94%
Healthcare
22.18%
Finance
9.51%
Other
13.38%
USMF
Technology
37.96%
Healthcare
15.05%
Finance
11.57%
Other
35.41%
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Diversification
INVN
Total weight of top 15 holdings out of 15
33.02%
USMF
Total weight of top 15 holdings out of 15
25.12%
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%
USMF
Apple, Inc.
4.34%
NVIDIA Corp.
4.05%
Alphabet, Inc.
4.03%
Broadcom Inc.
1.55%
Eli Lilly & Co.
1.39%
Expedia Group, Inc.
1.19%
Micron Technology, Inc.
1.16%
Murphy USA, Inc.
1.05%
General Motors Co.
1.05%
eBay, Inc.
1.01%
Johnson & Johnson
0.99%
Merck & Co., Inc.
0.92%
Tapestry, Inc.
0.84%
Applied Materials, Inc.
0.81%
BorgWarner, Inc.
0.75%
Frequently asked questions about INVN and USMF
How have the INVN and USMF ETFs performed in 2026?
As of October 30, 2026, INVN is up 23.58% year-to-date (YTD), while USMF has returned 1.19%. 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 -$126M for USMF.
Which ETF is more volatile: INVN or USMF?
Over the past year, INVN had a volatility of 25.05%, while USMF experienced 11.75%.
Which ETF is bigger: INVN or USMF?
As of October 30, 2026, INVN holds $10.70 M in assets under management (AUM), while USMF manages $254.11 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, Healthcare and Finance.
What are the top holdings of the INVN ETF and USMF ETF?
INVN top holdings include Meta Platforms, Inc., QUALCOMM, Inc. and Cirrus Logic, Inc.. USMF holds in its top three: Apple, Inc., NVIDIA Corp. and Alphabet, Inc..
Which ETF is more diversified: INVN or USMF?
INVN holds 50 securities with 33.02% of its assets in the top 15. USMF has 200 securities and a top 15 weight of 25.12%.
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