Alger Russell Innovation ETF
$26.34+0.09 (+0.33%)
- 0.55%
- $10M
- +30.0%
- 0M sh
- $26.25
- low $17.75high $27.54
The ETF.net INVN Grade
C
Score 55 out of 100
- 12 of 31
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.B67 out of 100Rank 11 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.F13 out of 100Rank 10 of 10Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 9 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F16 out of 100Rank 29 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 7 of 31Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 26 of 31
Our read on INVN
CMost innovation funds buy the story. INVN buys the R&D line: it ranks Russell 1000 companies by research spending against enterprise value, screens for profitability first, then equal-weights the top 50 and re-sorts every quarter.
The fund seeks to track, before fees and expenses, the performance of the Alger Russell Innovation Index.
Why people hold it
- Innovation defined by an accounting line rather than a narrative: the index picks the 50 Russell 1000 names with the highest research spending relative to enterprise value, plus other factors.prnewswire.com
- A profitability screen runs before the innovation ranking, so the basket leans toward companies funding their R&D out of a real business.
- Equal weighting at each quarterly review gives the 50th name roughly the same say as the first, so no mega-cap sits on the portfolio.prnewswire.com
- At 0.55%, the fee sits below the typical fund in its disruptive-innovation peer group.
Worth knowing
- That 0.55% is a capped rate. Gross fund expenses run higher and the waiver is contractual with an end date, so the current prospectus is the place to check it.sec.gov
- Cheaper ways to own the theme exist: KOMP charges 0.20% and XT 0.46%.
- It launched in January 2025, so the track record is short, and a 50-stock book rebuilt every quarter concentrates risk and shuffles holdings more than a broad index fund.prnewswire.com
INVN Holdings
- Stocks
- 52
- 23%
- META
Geography
- United States91.67%
- Australia2.30%
- Netherlands2.20%
- Switzerland2.00%
- Ireland1.82%
INVN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
INVN$13,002
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | INVN |
|---|---|
| Year to date | +22.0% |
| 1 month | +2.3% |
| 3 months | +17.5% |
| 1 year | +30.0% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | INVN |
|---|---|---|
| 2026 YTD | +22.0% | |
| 2025 | −13.2% |
INVN in the news
INVN Dividends
- $0.06 per share
- Irregular
Distribution data unavailable.
Distribution history
INVN Risk
- 21.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.48
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −38.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.92
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
INVN Cost
0.55%
INVN0.55%
- The middle half of Disruptive Innovation funds
- Median 0.65%
10 of the 31 Disruptive Innovation funds charge less.
Other funds in Disruptive Innovation
- BFRWDNomura Transformational Technologies ETFExpense ratio 0.65%1 year return —
- BFWDAlliance Bernstein - AB Disruptors ETFExpense ratio 0.65%1 year return +30.8%
- BTSNFTruth Social American Next Frontiers ETFExpense ratio 0.65%1 year return —
- CNBDSNeuberger Berman Disrupters ETFExpense ratio 0.65%1 year return +15.8%
- CGXDWGlobal X - Dorsey Wright Thematic ETFExpense ratio 0.50%1 year return −4.9%