INVN vs IVV
Alger Russell Innovation ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. INVN delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | INVN | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $9M | $865.2B | |
| Dividend Yield | 0.29% | 1.09% | |
| Holdings | 51 | 508 | |
| YTD Return | +18.58% | +13.72% | |
| 1Y Return | +30.88% | +21.64% | |
| 3Y Return (annualized) | - | +21.55% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 18.9% | 15.1% | |
| Max Drawdown | -26.0% | -56.5% | |
| Fund Family | Alger | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jan 6, 2025 | May 15, 2000 |
INVN vs IVV Performance
Alger Russell Innovation ETF (INVN) is a ETF from Alger and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year INVN returned +30.88% while IVV returned +21.64%. Year to date, INVN is up 18.58% versus a gain of 13.72% for IVV.
Risk: Volatility and Drawdowns
INVN has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.0% for INVN and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INVN charges 0.55% per year while IVV charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, INVN currently yields 0.29% against 1.09% for IVV.
Holdings Overlap
INVN and IVV share 15 holdings out of 541 unique holdings combined, representing a 1.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INVN or IVV?
INVN has an expense ratio of 0.55% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, INVN or IVV?
Over the past year INVN returned +30.88% vs +21.64% for IVV, so INVN leads on 1-year performance. Over the longest common window we track (2 years), INVN annualized +16.21% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, INVN or IVV?
INVN has been the more volatile fund at 18.9% annualized versus 15.1% for IVV. Worst drawdown: INVN -26.0% vs IVV -56.5%.
Should I hold both INVN and IVV?
INVN and IVV have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INVN and IVV?
INVN and IVV share 15 common holdings with a 1.5% weight overlap. Combined, they hold 541 unique securities.
Which pays a higher dividend, INVN or IVV?
INVN yields 0.29% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.