Data as of .
ILDR vs INVN: which is really different?
ILDR and INVN hold 3% 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
3% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ILDR and INVN hold 3% of their money in the same securities at the same weight.
| Holding | ILDR | INVN |
|---|---|---|
| Neurocrine Biosciences, Inc. | 1.20% | 2.05% |
| Zebra Technologies Corporation | 0.74% | 2.38% |
| Block Inc. (Class A) | 0.69% | 2.23% |
| Zscaler, Inc. | 0.60% | 2.21% |
| Only in ILDR | Only in INVN |
|---|---|
| NVIDIA Corporation 9.78% | ROBLOX CORP 2.56% |
| Advanced Micro Devices, Inc. 5.79% | EXPEDIA GROUP INC 2.29% |
| Amazon.com, Inc. 5.79% | MAPLEBEAR INC 2.25% |
| Alphabet Inc. (Class A) 4.81% | BILL HOLDINGS INC 2.18% |
| Broadcom Inc. 3.57% | BIOGEN INC 2.18% |
| Marvell Technology, Inc. 3.13% | CCC INTELLIGENT SOLUTIONS HOLDINGS INC 2.15% |
| Eli Lilly and Company 3.02% | ETSY INC 2.14% |
| Micron Technology, Inc. 2.80% | LYFT INC 2.13% |
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 Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ILDR | INVN | ILDR | INVN | ILDR | INVN | |
| 3 months | +0.3% | +24.7% | −1.9 pts | +22.4 pts | +2.8 pts | +27.2 pts |
| 6 months | +31.0% | +37.7% | +12.9 pts | +19.6 pts | +6.7 pts | +13.4 pts |
| 1 year | +19.9% | +20.7% | +3.3 pts | +4.2 pts | −1.9 pts | −1.1 pts |
| 3 years | +120.9% | not published | +42.5 pts | not published | +22.7 pts | not published |
| Since launch | +92.7% | +29.2% | −3.0 pts | −2.8 pts | −30.0 pts | −11.9 pts |
| ILDR First Trust Innovation Leaders ETF Holds 82 stocks in broad innovation and megatrends, 66% 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 | First Trust | Alger |
| Theme | Broad innovation and megatrends | Broad innovation and megatrends |
| In the S&P 500 | 65.8% | 32.5% |
| Active share vs the S&P 500 | 67.1% | 98.5% |
| In the Nasdaq-100 | 49.0% | 9.8% |
| Holdings | 82 | 50 |
| Top ten, share of the fund | 44.1% | 22.6% |
| Expense ratio | 0.75% | 0.55% |
| Fee for the differing part | 1.12% | 0.56% |
| Total return, 1 year | +19.9% | +20.7% |
| vs the S&P 500 | +3.3 pts | +4.2 pts |
| vs the Nasdaq-100 | −1.9 pts | −1.1 pts |
| Below its high | −3.5% | −5.6% |
| Net assets | $342m | $10m |
ILDR in plain words
By weight, 66% of ILDR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 67%. The top ten holdings are 44% of the fund across 82 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +19.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 3.3 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 ILDR and INVN hold the same stocks?
- By their latest filings, 3% 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, ILDR or INVN?
- ILDR has 66% of its weight in S&P 500 names and INVN has 32%, so INVN differs more from the index.
- Which is cheaper, ILDR or INVN?
- ILDR charges 0.75% a year and INVN charges 0.55%, so INVN 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, ILDR against INVN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/ildr-vs-invn Free to use with attribution; the underlying files are at Open data.