INVN vs QQQ
Alger Russell Innovation ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. INVN delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | INVN | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.18% | |
| AUM | $9M | $496.3B | |
| Dividend Yield | 0.26% | 0.44% | |
| Holdings | 51 | 108 | |
| YTD Return | +24.58% | +16.64% | |
| 1Y Return | +34.74% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 20.4% | 30.6% | |
| Max Drawdown | -26.0% | -83.0% | |
| Fund Family | Alger | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 6, 2025 | Mar 10, 1999 |
INVN vs QQQ Performance
Alger Russell Innovation ETF (INVN) is a ETF from Alger and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year INVN returned +34.74% while QQQ returned +27.27%. Year to date, INVN is up 24.58% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 20.4% for INVN. 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 -83.0% for QQQ. 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INVN charges 0.55% per year while QQQ charges 0.18%. On a $10,000 position that is $55 vs $18 annually, a gap of $37 per year that compounds over a long holding period. On income, INVN currently yields 0.26% against 0.44% for QQQ.
Holdings Overlap
INVN and QQQ share 4 holdings out of 149 unique holdings combined, representing a 1.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INVN or QQQ?
INVN has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, INVN or QQQ?
Over the past year INVN returned +34.74% vs +27.27% for QQQ, so INVN leads on 1-year performance. Over the longest common window we track (2 years), INVN annualized +19.53% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, INVN or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 20.4% for INVN. Worst drawdown: INVN -26.0% vs QQQ -83.0%.
Should I hold both INVN and QQQ?
INVN and QQQ have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INVN and QQQ?
INVN and QQQ share 4 common holdings with a 1.2% weight overlap. Combined, they hold 149 unique securities.
Which pays a higher dividend, INVN or QQQ?
INVN yields 0.26% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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