INVN vs QQQ
Alger Russell Innovation ETF vs Invesco QQQ Trust, Series 1
Which is better, INVN or QQQ?
Mid Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. INVN led over 1Y, QQQ over the full window. INVN is less concentrated, with 22.9% of the fund in its ten largest positions against 46.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | INVN | QQQ |
|---|---|---|
| Expense Ratio | 0.55% | 0.18%Best |
| AUM | $10M | $506.1B |
| Dividend Yield | 0.24% | 0.42% |
| Holdings | 52 | 321 |
| YTD Return | +21.78%Best | +19.30% |
| 1Y Return | +26.54%Best | +22.47% |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 20.9% | 19.7%Best |
| Max Drawdown | -26.0% | -22.8%Best |
| $10,000 over 1.8 years | $13,115 | $14,367Best |
| Top 10 Weight | 22.9%Best | 46.7% |
| Fund Family | Alger | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Growth |
| Inception | Jan 6, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Jan 7, 2025 to Oct 14, 2026 (1.8 years).
INVN vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.8 years both funds cover.
INVN vs QQQ Performance
Alger Russell Innovation ETF (INVN) is an ETF from Alger and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year INVN returned +26.54% while QQQ returned +22.47%. Year to date, INVN is up 21.78% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
INVN has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 19.7% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.0% for INVN and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
INVN charges 0.55% per year while QQQ charges 0.18%. On a $10,000 position that is $55 vs $18 annually, a gap of $37 per year that compounds over a long holding period. On income, INVN currently yields 0.24% against 0.42% for QQQ.
Holdings Overlap
14.3% of INVN's money is in holdings QQQ also owns. 5.3% of QQQ's money is in holdings INVN also owns.
INVN and QQQ share little of their money.
7 positions in common, counted across the 50 positions we hold weights for in INVN and 101 in QQQ, against full books of 52 and 321.
What only one of them owns
Our book lists 86 positions for QQQ that do not appear in our book for INVN (91.0% of the fund), and 42 for INVN that do not appear in QQQ (83.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in INVN | Weight in QQQ | Difference |
|---|---|---|---|
| METAMeta Platforms Inc | 2.60% | 3.26% | 0.66% |
| QCOMQualcomm Inc. | 2.31% | 0.81% | 1.50% |
| PYPLPaypal Holdings Inc | 2.05% | 0.19% | 1.86% |
| ADBEAdobe Systems | 1.80% | 0.40% | 1.40% |
| REGNRegeneron Pharmaceuticals, Inc. | 1.83% | 0.32% | 1.51% |
| WDAYWorkday, Inc., Class A | 1.97% | 0.16% | 1.81% |
| ALNYAlnylam Pharmaceuticals Inc. | 1.74% | 0.14% | 1.60% |
You are not choosing between two funds in isolation.
Whichever of INVN and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, INVN or QQQ?
INVN has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, INVN or QQQ?
Over the past year INVN returned +26.54% vs +22.47% for QQQ, so INVN leads on 1-year performance. Over the longest common window we track (2 years), INVN annualized +16.26% vs +22.30% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INVN or QQQ?
INVN has been the more volatile fund at 20.9% annualized versus 19.7% for QQQ. Worst drawdown: INVN -26.0% vs QQQ -22.8%.
Should I hold both INVN and QQQ?
INVN and QQQ have a monthly-return correlation of 0.40, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between INVN and QQQ?
14.3% of INVN's money is in holdings QQQ also owns. 5.3% of QQQ's is in holdings INVN also owns. They hold 7 positions in common, counted across the 50 positions we hold weights for in INVN and 101 in QQQ.
Which pays a higher dividend, INVN or QQQ?
INVN yields 0.24% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than INVN?
QQQ has a lower expense ratio. INVN led over 1Y, QQQ over the full window. INVN is less concentrated, with 22.9% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.