Data as of .
FDCF vs INVN: which is really different?
FDCF and INVN hold 2% of their weight in the same names, and INVN returned more over the year.
ETFIQ Off-Index Score: INVN scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
2% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FDCF and INVN hold 2% of their money in the same securities at the same weight.
| Holding | FDCF | INVN |
|---|---|---|
| ROBLOX CORP | 1.65% | 2.56% |
| UNITY SOFTWARE INC | 0.58% | 2.10% |
| Only in FDCF | Only in INVN |
|---|---|
| TAIWAN SEMICONDUCTOR MFG CO LTD 10.85% | ZEBRA TECHNOLOGIES CORP 2.38% |
| ALPHABET INC 8.86% | EXPEDIA GROUP INC 2.29% |
| META PLATFORMS INC 6.18% | MAPLEBEAR INC 2.25% |
| NVIDIA CORP 5.61% | BLOCK INC 2.23% |
| ARISTA NETWORKS INC 5.58% | ZSCALER INC 2.21% |
| AMAZON.COM INC 5.42% | BILL HOLDINGS INC 2.18% |
| WARNER BROS DISCOVERY INC 3.88% | BIOGEN INC 2.18% |
| ROKU INC 3.87% | CCC INTELLIGENT SOLUTIONS HOLDINGS INC 2.15% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FDCF | INVN | FDCF | INVN | FDCF | INVN | |
| 3 months | +1.6% | +24.7% | −0.7 pts | +22.4 pts | +4.1 pts | +27.2 pts |
| 6 months | +17.5% | +37.7% | −0.5 pts | +19.6 pts | −6.7 pts | +13.4 pts |
| 1 year | +1.5% | +20.7% | −15.1 pts | +4.2 pts | −20.3 pts | −1.1 pts |
| 3 years | +100.6% | not published | +22.2 pts | not published | +2.5 pts | not published |
| Since launch | +101.0% | +29.2% | +17.6 pts | −2.8 pts | −2.9 pts | −11.9 pts |
| FDCF Fidelity Disruptive Communications ETF Holds 38 stocks in broad innovation and megatrends, 56% 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 | 56.1% | 32.5% |
| Active share vs the S&P 500 | 79.8% | 98.5% |
| In the Nasdaq-100 | 45.7% | 9.8% |
| Holdings | 38 | 50 |
| Top ten, share of the fund | 56.1% | 22.6% |
| Expense ratio | 0.50% | 0.55% |
| Fee for the differing part | 0.63% | 0.56% |
| Total return, 1 year | +1.5% | +20.7% |
| vs the S&P 500 | −15.1 pts | +4.2 pts |
| vs the Nasdaq-100 | −20.3 pts | −1.1 pts |
| Below its high | −2.0% | −5.6% |
| Net assets | $101m | $10m |
FDCF in plain words
By weight, 56% 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 56% of the fund across 38 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned +1.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 15.1 pts.
INVN in plain words
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 Sep 18, 2026 the fund returned +20.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 4.2 pts. It sits 5.6% below its all-time high of Sep 3, 2026.
Questions people ask
- Do FDCF and INVN hold the same stocks?
- By their latest filings, 2% of their books are the same securities at the same weight, which is mostly different names. 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 56% 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FDCF against INVN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fdcf-vs-invn Free to use with attribution; the underlying files are at Open data.