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CNEQ vs INVN

Alger Concentrated Equity ETF vs Alger Russell Innovation ETF

CNEQ

Alger Concentrated Equity ETF

Alger

Annual cost

0.56%

Fund size

$503M

INVN

Alger Russell Innovation ETF

Alger

Annual cost

0.55%

Fund size

$11M

Key differences

  • CNEQ is significantly larger than INVN — larger funds tend to be more liquid and less likely to close.
  • CNEQ follows a active selection strategy; INVN uses index tracking.

Side-by-side comparison

CNEQINVN
Annual cost (TER)0.56%0.55%
Fund size (AUM)$503M$11M
Since20242025
Dividend yield0.50%0.00%
Asset classequityequity
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+51.1%+13.2%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y22.53%20.34%
Max drawdown-27.58%-26.01%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to CNEQ and INVN