Do FDCF and INVN hold the same stocks?

By their latest filings, 3% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, FDCF or INVN?

FDCF has 51% of its weight in S&P 500 names and INVN has 32%, so INVN differs more from the index.

Which is cheaper, FDCF or INVN?

FDCF charges 0.50% a year and INVN charges 0.55%, so FDCF is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FDCF vs INVN: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FDCF returned +1.2% to INVN's +33.1%; 3% of their weight is in the same names.

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Net assets: $103m on Sep 30, 2026 for Fidelity Disruptive Communications ETF, and $9.6m on Jun 30, 2026 for Alger Russell Innovation ETF.

FDCF on its own →INVN on its own →

At a glance

51.4%

FDCF in the S&P 500

32.5%

INVN in the S&P 500

+1.2%

FDCF total return, 1 year

+33.1%

INVN total return, 1 year

FDCF · 1 year to Nov 4, 2026 49% of its weight is outside the S&P 500

51% of FDCF's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Aug 31, 2026.

INVN · 1 year to Nov 4, 2026 68% of its weight is outside the S&P 500

33% of INVN's weight is in S&P 500 companies and 68% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

FDCF costs 0.05 points a year less; their one-year returns differ by 31.9 points.

FDCF vs INVN: Holdings Overlap & Returns
Measure	FDCF	INVN
Return
Measure	FDCF	INVN
Total return, 1 year	+1.2%	+33.1%
Drawdown
Measure	FDCF	INVN
Below its all-time high	7.2%, high on Oct 6, 2026
Benchmark
Measure	FDCF	INVN
What it tracks	Broad innovation and megatrends	Broad innovation and megatrends
Cost and size
Measure	FDCF	INVN
Expense ratio	0.50%	0.55%
Net assets, FDCF as of Sep 30, 2026 and INVN as of Jun 30, 2026	$103m	$9.6m
Active share vs the S&P 500	80%	98%
Holdings
Measure	FDCF	INVN
Holdings in common	3%

Method

What they share

By the books each fund has filed, FDCF and INVN hold 3% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first FDCF INVN

ROBLOX CORP 2.85% 2.57%

UNITY SOFTWARE INC 0.79% 2.10%

Only in one fund ↓

Only in FDCF

TAIWAN SEMICONDUCTOR MFG CO LTD 10.18%

ALPHABET INC 7.89%

ARISTA NETWORKS INC 6.84%

NVIDIA CORP 5.85%

META PLATFORMS INC 5.59%

AMAZON.COM INC 5.20%

SEA LTD 3.43%

TWILIO INC 3.23%

Only in INVN

ZEBRA TECHNOLOGIES CORP 2.38%

EXPEDIA GROUP INC 2.29%

MAPLEBEAR INC 2.25%

BLOCK INC 2.24%

ZSCALER INC 2.22%

BILL HOLDINGS INC 2.19%

BIOGEN INC 2.18%

CCC INTELLIGENT SOLUTIONS HOLDINGS INC 2.15%

Check overlap with more funds →

Window by window

Window by window: FDCF vs INVN: Holdings Overlap & Returns
	Total return
Window	FDCF	INVN
3 months	−1.9%	+9.6%
6 months	−1.2%	+33.7%
1 year	+1.2%	+33.1%
3 years	+91.2%	–
Since launchNot the same days: FDCF Jun 2023 · INVN Jan 2025	+94.2%	+37.1%

– means no data for this window. Open this comparison in the app →

Side by side

FDCF Fidelity Disruptive Communications ETF · Holds 37 stocks in broad innovation and megatrends, 51% of its weight in S&P 500 companies INVN Alger Russell Innovation ETF · Holds 50 stocks in broad innovation and megatrends, 32% of its weight in S&P 500 companies

Issuer Fidelity Alger

Theme Broad innovation and megatrends Broad innovation and megatrends

In the S&P 500 51.4% 32.5%

Active share vs the S&P 500 79.6% 98.5%

In the Nasdaq-100 44.7% 7.6%

Holdings 37 50

Top ten, share of the fund 53.9% 22.6%

Expense ratio 0.50% 0.55%

Fee for the differing part 0.63% 0.56%

Total return, 1 year +1.2% +33.1%

vs its benchmark not measured not measured

Below its high −7.2% −0.9%

Net assets, FDCF as of Sep 30, 2026 and INVN as of Jun 30, 2026 $103m $9.6m

As of Nov 4, 2026. Source: ETFIQ.

3% of the two portfolios are the same securities at the same weight.

Alert

About each fund

FDCF

By weight, 51% of FDCF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 80%. The top ten holdings are 54% of the fund across 37 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +1.2% with distributions reinvested. It sits 7.2% below its all-time high of Oct 6, 2026.

INVN

By weight, 32% of INVN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 23% of the fund across 50 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +33.1% with distributions reinvested.

Questions people ask

Do FDCF and INVN hold the same stocks?: By their latest filings, 3% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FDCF or INVN?: FDCF has 51% of its weight in S&P 500 names and INVN has 32%, so INVN differs more from the index.
Which is cheaper, FDCF or INVN?: FDCF charges 0.50% a year and INVN charges 0.55%, so FDCF is cheaper. Fees come from each fund's prospectus.

Other comparisons

FDCF vs BULD FDCF vs GXDW FDCF vs TNXT FDCF vs GDOC INVN vs FRWD INVN vs FDTX INVN vs LFSC INVN vs FITE

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FDCF on its own →INVN on its own →FDCF dividend history →FDCF holdings →INVN dividend history →INVN holdings →Method →Standards and sources →

Sources and dates

FDCF filings on SEC EDGAR ↗

FDCF prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

INVN filings on SEC EDGAR ↗

INVN prospectus with the expense ratio (SEC) ↗

Alger website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, FDCF against INVN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fdcf-vs-invn

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