INVN vs VOO
Alger Russell Innovation ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. INVN delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | INVN | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $9M | $979.0B | |
| Dividend Yield | 0.29% | 1.09% | |
| Holdings | 51 | 509 | |
| YTD Return | +19.93% | +13.44% | |
| 1Y Return | +35.36% | +22.62% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 19.2% | 14.1% | |
| Max Drawdown | -26.0% | -34.3% | |
| Fund Family | Alger | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 6, 2025 | Sep 7, 2010 |
INVN vs VOO Performance
Alger Russell Innovation ETF (INVN) is a ETF from Alger and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year INVN returned +35.36% while VOO returned +22.62%. Year to date, INVN is up 19.93% versus a gain of 13.44% for VOO.
Risk: Volatility and Drawdowns
INVN has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INVN charges 0.55% per year while VOO 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 VOO.
Holdings Overlap
INVN and VOO share 15 holdings out of 541 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INVN or VOO?
INVN has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, INVN or VOO?
Over the past year INVN returned +35.36% vs +22.62% for VOO, so INVN leads on 1-year performance. Over the longest common window we track (2 years), INVN annualized +17.07% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, INVN or VOO?
INVN has been the more volatile fund at 19.2% annualized versus 14.1% for VOO. Worst drawdown: INVN -26.0% vs VOO -34.3%.
Should I hold both INVN and VOO?
INVN and VOO have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INVN and VOO?
INVN and VOO share 15 common holdings with a 1.4% weight overlap. Combined, they hold 541 unique securities.
Which pays a higher dividend, INVN or VOO?
INVN yields 0.29% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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