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INVN vs CNEQ

Alger Russell Innovation ETF vs Alger Concentrated Equity ETF

INVN

Alger Russell Innovation ETF

Alger

Annual cost

0.55%

Fund size

$11M

CNEQ

Alger Concentrated Equity ETF

Alger

Annual cost

0.56%

Fund size

$503M

Key differences

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

Side-by-side comparison

INVNCNEQ
Annual cost (TER)0.55%0.56%
Fund size (AUM)$11M$503M
Since20252024
Dividend yield0.00%0.50%
Asset classequityequity
Regionnorth americanorth america
Strategyindex trackingactive selection
CAGR 1Y+13.2%+51.1%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y20.34%22.53%
Max drawdown-26.01%-27.58%

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

Similar to INVN and CNEQ