evenfolioETF Details
Alger·Mid-Cap Blend·INVN · NYSE Arca
Alger Russell Innovation ETF (INVN)
- Price
- $25.66
- —25 Sept 2026
- Assets
- $10.2M
- Total net assets
- Expense ratio
- 0.55%
- Category 0.86%
- Yield
- 0.00%
- Trailing distributions
- 1Y return
- 23.4%+8.8%
- Category 14.6%
- 3Y CAGR
- —
- Category 16.6%
- 5Y CAGR
- —
- Category 8.2%
Loading NAV history…
Alger Russell Innovation ETF
Calendar-year returns
Fund only: no comparison series covers this fund's history.
Risk statistics
Five years of daily closes. Risk-free rate 4% a year.
- Standard deviation
- —
- Maximum drawdown
- —
- Sharpe ratio
- —
- Sortino ratio
- —
- Beta
- —
- Alpha
- —
- R²
- —
- Information ratio
- —
- Upside capture
- —
- Downside capture
- —
- Tracking error
- —
| Period | 1M | 3M | 6M | YTD | 1Y | 3YCAGR | 5YCAGR | 10YCAGR | LaunchCAGR |
|---|---|---|---|---|---|---|---|---|---|
| ETF | -2.9% | +20.4% | +42.2% | +18.6% | +23.4% | — | — | — | +15.6% |
| Mid-Cap Blend average | -3.8% | -1.5% | 13.8% | 12.0% | 14.6% | 16.6% | 8.2% | 11.3% | 11.0% |
| Difference | +0.9% | +21.9% | +28.4% | +6.6% | +8.8% | — | — | — | +4.6% |
Holdings
The 10 largest positions make up 26.2% of the fund.
Top holdings
| Ticker | Holding | Weight |
|---|---|---|
| TEAM | Atlassian Corp Class A | 3.28% |
| RNG | RingCentral Inc Class A | 2.78% |
| PAYC | Paycom Software Inc | 2.70% |
| PATH | UiPath Inc Class A | 2.69% |
| GTLB | GitLab Inc Class A | 2.52% |
| ZBRA | Zebra Technologies Corp Ordinary Shares - Class A | 2.52% |
| ESTC | Elastic NV | 2.48% |
| CCC | CCC Intelligent Solutions Holdings Inc | 2.45% |
| U | Unity Software Inc Ordinary Shares | 2.44% |
| BILL | BILL Holdings Inc Ordinary Shares | 2.35% |
Portfolio valuation
Weighted averages of what the fund holds.
- P/E
- 20.1
- P/B
- 4.1
- P/S
- 3.6
- P/CF
- 13.9
Sector allocation
Share of the equity the fund holds.
- Technology65.4%
- Health care17.7%
- Consumer discretionary7.4%
- Communication services5.8%
- Financial services2.0%
- Industrials1.8%
Asset mix
- Stocks99.9%
- Cash0.2%
ETF details
- Issuer
- Alger
- Category
- Equity · Mid-Cap Blend
- Ticker
- INVN
- Exchange
- NYSE Arca
- Inception
- 6 Jan 2025 (1.7 years)
- Structure
- Exchange Traded Fund
- Expense ratio
- 0.55% (category 0.86%)
- Holdings turnover
- 68% (category 65%)
- Distribution yield
- 0.00%
- Beta, 3 years
- 0.00
- Total net assets
- $10.2M
Prices and returns as of 25 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.
Other mid-cap blend ETFs
Other ETFs in the Mid-Cap Blend category.
- MCDS · JPMorgan Fundamental Data Science Mid Core ETFJPMorgan · $9.5M · ER 0.35%
- KDVD · Keeley Dividend ETFGabelli · $8.4M · ER 0.00%
- FLDZ · TrueShares Patriot Defense ETFTrueShares · $6.6M · ER 0.40%
- EPMB · Harbor Mid Cap Core ETFHarbor Capital Advisors Inc · $4.6M · ER 0.88%
- MIDE · Xtrackers S&P MidCap 400 Scored & Screened ETFXtrackers · $3.4M · ER 0.15%5Y 8.1%
- MCOW · Pacer S&P MidCap 400 Quality FCF Aristocrats ETFPacer · $1.1M · ER 0.49%