INVN vs VOO
Alger Russell Innovation ETF vs Vanguard S&P 500 ETF
Which is better, INVN or VOO?
Mid Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. INVN led over 1Y and the full window. INVN is less concentrated, with 25.7% of the fund in its ten largest positions against 36.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | INVN | VOO |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $10M | $997.4B |
| Dividend Yield | 0.26% | 1.08% |
| Holdings | 51 | 509 |
| YTD Return | +25.27%Best | +13.37% |
| 1Y Return | +31.19%Best | +20.08% |
| 3Y Return (annualized) | - | +21.29% |
| 5Y Return (annualized) | - | +12.89% |
| Volatility (annualized) | 20.6% | 12.9%Best |
| Max Drawdown | -26.0% | -18.7%Best |
| $10,000 over 1.7 years | $13,526Best | $13,420 |
| Top 10 Weight | 25.7%Best | 36.4% |
| Fund Family | Alger | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Jan 6, 2025 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 7, 2025 to Sep 4, 2026 (1.7 years).
INVN vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.7 years both funds cover.
INVN vs VOO Performance
Alger Russell Innovation ETF (INVN) is an ETF from Alger and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year INVN returned +31.19% while VOO returned +20.08%. Year to date, INVN is up 25.27% versus a gain of 13.37% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
INVN has been the more volatile fund, with annualized monthly volatility of 20.6% compared with 12.9% 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
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 0.26% against 1.08% for VOO.
Holdings Overlap
29.2% of INVN's money is in holdings VOO also owns. 1.4% of VOO's money is in holdings INVN also owns.
INVN and VOO share little of their money.
The two holdings books were reported 49 days apart, INVN as of Aug 18, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
15 positions in common, counted across the 50 positions we hold weights for in INVN and 505 in VOO, against full books of 51 and 509.
What only one of them owns
Our book lists 482 positions for VOO that do not appear in our book for INVN (98.1% of the fund), and 34 for INVN that do not appear in VOO (68.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in INVN | Weight in VOO | Difference |
|---|---|---|---|
| ZBRAZebra Technologies Corp | 2.72% | 0.02% | 2.70% |
| PYPLPaypay Holdings, Inc. | 2.39% | 0.05% | 2.34% |
| EXPEExpedia Group Inc (consumer Discretionary) | 2.36% | 0.05% | 2.31% |
| MRKMerck & Company Inc | 1.83% | 0.49% | 1.34% |
| WDAYWorkday, Inc., Class A | 2.23% | 0.04% | 2.19% |
| REGNRegeneron Pharmaceuticals, Inc. | 2.17% | 0.10% | 2.07% |
| BMYBristol-Myers Squibb Co. | 1.91% | 0.18% | 1.73% |
| ADBEAdobe Systems | 1.82% | 0.13% | 1.69% |
| GDDYGodaddy Inc. Class A | 1.92% | 0.02% | 1.90% |
| PFEPfizer Inc | 1.71% | 0.21% | 1.50% |
29.2% of INVN is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $52 a year on a $10,000 investment.
Which performed better, INVN or VOO?
Over the past year INVN returned +31.19% vs +20.08% for VOO, so INVN leads on 1-year performance. Over the longest common window we track (2 years), INVN annualized +19.44% vs +18.89% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INVN or VOO?
INVN has been the more volatile fund at 20.6% annualized versus 12.9% for VOO. Worst drawdown: INVN -26.0% vs VOO -18.7%.
Should I hold both INVN and VOO?
INVN and VOO have a monthly-return correlation of 0.55, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between INVN and VOO?
29.2% of INVN's money is in holdings VOO also owns. 1.4% of VOO's is in holdings INVN also owns. They hold 15 positions in common, counted across the 50 positions we hold weights for in INVN and 505 in VOO.
Which pays a higher dividend, INVN or VOO?
INVN yields 0.26% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
Is VOO better than INVN?
VOO has a lower expense ratio. INVN led over 1Y and the full window. INVN is less concentrated, with 25.7% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.