INVN vs. QIDX

Last updated Aug 2, 2026

INVN (Alger Russell Innovation ETF) and QIDX (Indexperts Quality Earnings Focused ETF) are both exchange-traded funds - INVN is a Mid Cap Blend Equities fund tracking the Alger Russell Innovation Index, while QIDX is a Quality Factor fund actively managed by Indexperts. INVN is passively managed, while QIDX is actively managed. Over the past year, INVN returned 24.54% vs 14.22% for QIDX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. INVN charges 0.55%/yr vs 0.50%/yr for QIDX.

Performance

INVN vs. QIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Russell Innovation ETF (INVN) and Indexperts Quality Earnings Focused ETF (QIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with INVN having a 9.96% return and QIDX slightly higher at 10.40%.

INVN

• 1D: -0.50%
• 1M: 7.03%
• 6M: 18.92%
• YTD: 9.96%
• 1Y: 24.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.69%

QIDX

• 1D: 0.55%
• 1M: 0.29%
• 6M: 6.42%
• YTD: 10.40%
• 1Y: 14.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
INVN Alger Russell Innovation ETF	$258.38K	$157.49K	$106.45K
QIDX Indexperts Quality Earnings Focused ETF	$53.70K	$62.72K	$42.16K

INVN vs. QIDX - Yearly Performance Comparison

	2026 (YTD)	2025
INVN Alger Russell Innovation ETF	9.96%	6.56%
QIDX Indexperts Quality Earnings Focused ETF	10.40%	6.82%

Correlation

The correlation between INVN and QIDX is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025	0.60

The correlation between INVN and QIDX shifts across timeframes, from 0.48 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

Return for Risk

INVN vs. QIDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

INVN

INVN Risk / Return Rank: 37
INVN Sharpe Ratio Rank: 39
INVN Sortino Ratio Rank: 41
INVN Omega Ratio Rank: 39
INVN Calmar Ratio Rank: 33
INVN Martin Ratio Rank: 31

QIDX

QIDX Risk / Return Rank: 49
QIDX Sharpe Ratio Rank: 48
QIDX Sortino Ratio Rank: 49
QIDX Omega Ratio Rank: 45
QIDX Calmar Ratio Rank: 53
QIDX Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

INVN vs. QIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Russell Innovation ETF (INVN) and Indexperts Quality Earnings Focused ETF (QIDX). 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	QIDX	Difference
Sharpe ratio: Return per unit of total volatility	0.99	1.20	-0.21
Sortino ratio: Return per unit of downside risk	1.52	1.78	-0.26
Omega ratio: Gain probability vs. loss probability	1.18	1.21	-0.03
Calmar ratio: Return relative to maximum drawdown	1.14	1.90	-0.76
Martin ratio: Return relative to average drawdown	2.88	6.38	-3.49

INVN vs. QIDX - Sharpe Ratio Comparison

The current INVN Sharpe Ratio is 0.99, which is comparable to the QIDX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of INVN and QIDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INVN vs. QIDX - Drawdown Comparison

The maximum INVN drawdown since its inception was -26.01%, which is greater than QIDX's maximum drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for INVN and QIDX.

Drawdown Indicators

	INVN	QIDX	Difference
Max Drawdown Largest peak-to-trough decline	-26.01%	-14.99%	-11.02%
Max Drawdown (1Y) Largest decline over 1 year	-20.39%	-6.92%	-13.47%
Current Drawdown Current decline from peak	-2.22%	-0.44%	-1.78%
Average Drawdown Average peak-to-trough decline	-7.36%	-2.13%	-5.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.06%	2.06%	+6.00%

Volatility

INVN vs. QIDX - Volatility Comparison

Alger Russell Innovation ETF (INVN) has a higher volatility of 9.21% compared to Indexperts Quality Earnings Focused ETF (QIDX) at 2.55%. This indicates that INVN's price experiences larger fluctuations and is considered to be riskier than QIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INVN	QIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.21%	2.55%	+6.66%
Volatility (6M) Calculated over the trailing 6-month period	19.77%	8.24%	+11.53%
Volatility (1Y) Calculated over the trailing 1-year period	23.55%	11.02%	+12.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.39%	14.20%	+10.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.39%	14.20%	+10.19%

INVN vs. QIDX - Expense Ratio Comparison

INVN has a 0.55% expense ratio, which is higher than QIDX's 0.50% expense ratio.

Dividends

INVN vs. QIDX - Dividend Comparison

INVN's dividend yield for the trailing twelve months is around 0.26%, less than QIDX's 0.86% yield.

Position	TTM	2025
INVN Alger Russell Innovation ETF	0.26%	0.29%
QIDX Indexperts Quality Earnings Focused ETF	0.86%	0.84%

Frequently Asked Questions

Can I hold both INVN and QIDX in my portfolio?

INVN and QIDX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INVN or QIDX?

INVN has higher volatility (9.21%) compared to QIDX (2.55%). In terms of maximum drawdown, INVN dropped -26.01% vs QIDX's -14.99%.

Which ETF is better, INVN or QIDX?

On 1-year performance, INVN leads with 24.54% vs 14.22% for QIDX. On fees, QIDX is cheaper at 0.50% per year. On volatility, QIDX has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INVN or QIDX?

Over the 1-year period, INVN has performed better with a 24.54% return vs 14.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INVN or QIDX?

QIDX is cheaper with a 0.50% expense ratio, compared with 0.55% for INVN.

Which ETF pays a higher dividend yield, INVN or QIDX?

QIDX has the higher dividend yield at 0.86%, compared with 0.26% for INVN.

What is the main difference between INVN and QIDX?

INVN is categorized as Mid Cap Blend Equities, while QIDX is Quality Factor. They also come from different issuers: Alger and Indexperts. Their fees differ too: 0.55% for INVN and 0.50% for QIDX.

Which has better risk-adjusted returns?

QIDX currently has the higher Sharpe Ratio (1.20 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.