INVN vs VYM
Alger Russell Innovation ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. INVN delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | INVN | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.04% | |
| AUM | $9M | $79.0B | |
| Dividend Yield | 0.29% | 2.86% | |
| Holdings | 51 | 568 | |
| YTD Return | +18.58% | +16.53% | |
| 1Y Return | +30.88% | +25.03% | |
| 3Y Return (annualized) | - | +18.54% | |
| 5Y Return (annualized) | - | +12.25% | |
| Volatility (annualized) | 18.9% | 14.6% | |
| Max Drawdown | -26.0% | -58.8% | |
| Fund Family | Alger | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 6, 2025 | Nov 10, 2006 |
INVN vs VYM Performance
Alger Russell Innovation ETF (INVN) is a ETF from Alger and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year INVN returned +30.88% while VYM returned +25.03%. Year to date, INVN is up 18.58% versus a gain of 16.53% for VYM.
Risk: Volatility and Drawdowns
INVN has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INVN charges 0.55% per year while VYM charges 0.04%. On a $10,000 position that is $55 vs $4 annually, a gap of $51 per year that compounds over a long holding period. On income, INVN currently yields 0.29% against 2.86% for VYM.
Holdings Overlap
INVN and VYM share 6 holdings out of 603 unique holdings combined, representing a 2.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INVN or VYM?
INVN has an expense ratio of 0.55% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, INVN or VYM?
Over the past year INVN returned +30.88% vs +25.03% for VYM, so INVN leads on 1-year performance. Over the longest common window we track (2 years), INVN annualized +16.21% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, INVN or VYM?
INVN has been the more volatile fund at 18.9% annualized versus 14.6% for VYM. Worst drawdown: INVN -26.0% vs VYM -58.8%.
Should I hold both INVN and VYM?
INVN and VYM have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INVN and VYM?
INVN and VYM share 6 common holdings with a 2.7% weight overlap. Combined, they hold 603 unique securities.
Which pays a higher dividend, INVN or VYM?
INVN yields 0.29% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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