INVN vs. DEUS
INVN (Alger Russell Innovation ETF) and DEUS (Xtrackers Russell US Multifactor ETF) are both Mid Cap Blend Equities funds - INVN tracks the Alger Russell Innovation Index while DEUS tracks the Russell 1000 Comprehensive Factor Index. Both are passively managed. Over the past year, INVN returned 24.54% vs 21.03% for DEUS. Their 0.57 correlation means they have sometimes moved together and sometimes differently. INVN charges 0.55%/yr vs 0.17%/yr for DEUS.
Performance
INVN vs. DEUS - Performance Comparison
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Returns By Period
In the year-to-date period, INVN achieves a 9.96% return, which is significantly lower than DEUS's 15.12% return.
INVN
- 1D
- -0.50%
- 1M
- 7.03%
- 6M
- 18.92%
- YTD
- 9.96%
- 1Y
- 24.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.69%
DEUS
- 1D
- -0.21%
- 1M
- 1.31%
- 6M
- 10.90%
- YTD
- 15.12%
- 1Y
- 21.03%
- 3Y*
- 14.88%
- 5Y*
- 9.89%
- 10Y*
- 11.33%
- ALL TIME*
- 11.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $618.40K | $852.23K | $985.08K | |
| $258.38K | $157.49K | $106.45K |
INVN vs. DEUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
INVN Alger Russell Innovation ETF | 9.96% | 6.56% |
DEUS Xtrackers Russell US Multifactor ETF | 15.12% | 9.85% |
Correlation
The correlation between INVN and DEUS is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025 | 0.57 |
The correlation between INVN and DEUS shifts across timeframes, from 0.43 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
INVN vs. DEUS — Risk / Return Rank
INVN
DEUS
INVN vs. DEUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Russell Innovation ETF (INVN) and Xtrackers Russell US Multifactor ETF (DEUS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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 | DEUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.92 | -1.78 |
| Martin ratioReturn relative to average drawdown | 2.88 | 11.25 | -8.37 |
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Drawdowns
INVN vs. DEUS - Drawdown Comparison
The maximum INVN drawdown since its inception was -26.01%, smaller than the maximum DEUS drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for INVN and DEUS.
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Drawdown Indicators
| INVN | DEUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.01% | -40.47% | +14.46% |
Max Drawdown (1Y)Largest decline over 1 year | -20.39% | -6.83% | -13.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.47% | — |
Current DrawdownCurrent decline from peak | -2.22% | -1.53% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -4.28% | -3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.06% | 1.77% | +6.29% |
Volatility
INVN vs. DEUS - Volatility Comparison
Alger Russell Innovation ETF (INVN) has a higher volatility of 9.21% compared to Xtrackers Russell US Multifactor ETF (DEUS) at 3.09%. This indicates that INVN's price experiences larger fluctuations and is considered to be riskier than DEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INVN | DEUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 3.09% | +6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 19.77% | 8.23% | +11.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.55% | 11.17% | +12.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.39% | 15.49% | +8.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.39% | 17.95% | +6.44% |
INVN vs. DEUS - Expense Ratio Comparison
INVN has a 0.55% expense ratio, which is higher than DEUS's 0.17% expense ratio.
Dividends
INVN vs. DEUS - Dividend Comparison
INVN's dividend yield for the trailing twelve months is around 0.26%, less than DEUS's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DEUS Xtrackers Russell US Multifactor ETF | 1.38% | 1.59% | 1.36% | 1.49% | 1.74% | 1.14% | 1.61% | 1.65% | 1.77% | 1.31% | 2.75% |
INVN Alger Russell Innovation ETF | 0.26% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INVN and DEUS have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INVN has higher volatility (9.21%) compared to DEUS (3.09%). In terms of maximum drawdown, INVN dropped -26.01% vs DEUS's -40.47%.
On 1-year performance, INVN leads with 24.54% vs 21.03% for DEUS. On fees, DEUS is cheaper at 0.17% per year. On volatility, DEUS has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, INVN has performed better with a 24.54% return vs 21.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DEUS is cheaper with a 0.17% expense ratio, compared with 0.55% for INVN.
DEUS has the higher dividend yield at 1.38%, compared with 0.26% for INVN.
INVN tracks Alger Russell Innovation Index, while DEUS tracks Russell 1000 Comprehensive Factor Index. They also come from different issuers: Alger and Xtrackers. Their fees differ too: 0.55% for INVN and 0.17% for DEUS.
DEUS currently has the higher Sharpe Ratio (1.79 vs 0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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