- ISIN
- US0155646021
- CUSIP
- 015564602
- Issuer
- Alger
- Inception Date
- Jan 6, 2025
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Alger Russell Innovation Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $15M
Share Price Chart
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Performance
INVN Performance Chart
Alger Russell Innovation ETF (INVN) is down 4.9% since the beginning of the year. INVN is currently trading at $21 per share.
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Returns By Period
Alger Russell Innovation ETF (INVN) has returned -4.90% so far this year and 11.19% over the past 12 months.
Alger Russell Innovation ETF
- 1D
- -0.68%
- 1M
- -1.42%
- YTD
- -4.90%
- 6M
- -6.61%
- 1Y
- 11.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
INVN Monthly Returns History
Based on dividend-adjusted daily data since Jan 7, 2025, INVN's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was May 2026 with a return of +10.9%, while the worst month was Feb 2025 at -7.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, INVN closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +10.0%, while the worst single day was Apr 4, 2025 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.53% | -3.17% | -3.55% | 5.61% | 10.92% | -5.99% | -4.90% | ||||||
| 2025 | 2.11% | -7.83% | -5.61% | -1.22% | 4.26% | 2.42% | 1.48% | 5.50% | 2.25% | 1.60% | 0.54% | 1.68% | 6.56% |
Benchmark Metrics
Alger Russell Innovation ETF has an annualized alpha of -12.54%, beta of 1.01, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since January 07, 2025.
- This ETF participated in 154.67% of S&P 500 Index downside but only 68.88% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -12.54% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.01 and R2 of 0.55, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -12.54%
- Beta
- 1.01
- R²
- 0.55
- Upside Capture
- 68.88%
- Downside Capture
- 154.67%
Expense Ratio
INVN has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
INVN ranks 16 for risk / return — in the bottom 16% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Russell Innovation ETF (INVN) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| INVN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 2.78 | -2.23 |
| Martin ratioReturn relative to average drawdown | 1.41 | 12.44 | -11.03 |
Dividends
Dividend History
Alger Russell Innovation ETF provided a 0.30% dividend yield over the last twelve months, with an annual payout of $0.06 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.06 | $0.06 |
Dividend yield | 0.30% | 0.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Russell Innovation ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.06 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Russell Innovation ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Alger Russell Innovation ETF was 26.01%, occurring on Apr 8, 2025. Recovery took 104 trading sessions.
The current Alger Russell Innovation ETF drawdown is 10.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -26.01%Apr 2025 | 2mo 1d | 5mo 3d | 7mo 4dFeb 2025 - Sep 2025 |
2026 bear market2026 | -20.39%Apr 2026 | 3mo 2d | 1mo 22d | 4mo 24dJan 2026 - Jun 2026 |
2026 correction2026 | -10.28%Jun 2026 | 20d | — | 21d 2hJun 2026 - now |
2025 pullback2025 | -5.48%Nov 2025 | 7d | 13d | 20dNov 2025 - Dec 2025 |
2025 pullback2025 | -5.11%Oct 2025 | 21d | 1mo 3d | 1mo 24dSep 2025 - Nov 2025 |
Drawdown Indicators
| INVN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.01% | -56.78% | +30.77% |
Max Drawdown (1Y)Largest decline over 1 year | -20.39% | -9.10% | -11.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -10.28% | -1.80% | -8.48% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -10.71% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.96% | 2.03% | +5.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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