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Data as of Nov 4, 2026.

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Thematic ETFs

INVN vs TNXT: Holdings Overlap & Returns

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INVN and TNXT hold 2% of their weight in the same names.

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Net assets: $9.6m on Jun 30, 2026 for Alger Russell Innovation ETF, and $19m on Nov 3, 2026 for T. Rowe Price Innovation Leaders ETF.

INVN on its own →TNXT on its own →
At a glance
32.5%
INVN in the S&P 500
64.2%
TNXT in the S&P 500
+33.1%
INVN total return, 1 year
+13.4%
TNXT total return, since launch, Jan 29, 2026
INVN · 1 year to Nov 4, 2026 68% of its weight is outside the S&P 500
68% of its weight is outside the S&P 50033% of INVN's weight is in S&P 500 companies and 68% is outside the index. Holdings as of Jun 30, 2026.33%68%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · top ten 23% of the fund · 50 holdings as filed for Jun 30, 2026 · Nasdaq-100: 8% in68% of its weight is outside the S&P 50033% of INVN's weight is in S&P 500 companies and 68% is outside the index. Holdings as of Jun 30, 2026.33%68%inoutside the S&P 500active share 99% · Nasdaq-100: 8% in

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

TNXT · 6 months to Nov 4, 2026 36% of its weight is outside the S&P 500
36% of its weight is outside the S&P 50064% of TNXT's weight is in S&P 500 companies and 36% is outside the index. Holdings as of Jun 30, 2026.64%36%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 52% · top ten 32% of the fund · 272 holdings as filed for Jun 30, 2026 · Nasdaq-100: 47% in36% of its weight is outside the S&P 50064% of TNXT's weight is in S&P 500 companies and 36% is outside the index. Holdings as of Jun 30, 2026.64%36%in the S&P 500outsideactive share 52% · Nasdaq-100: 47% in

64% of TNXT's weight is in S&P 500 companies and 36% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

TNXT costs 0.06 points a year less.

INVN vs TNXT: Holdings Overlap & Returns
MeasureINVNTNXT
Return
Total return, 1 year+33.1%not published
Benchmark
What it tracksBroad innovation and megatrendsBroad innovation and megatrends
Cost and size
Expense ratio0.55%0.49%
Net assets, INVN as of Jun 30, 2026 and TNXT as of Nov 3, 2026$9.6m$19m
Active share vs the S&P 50098%52%
Holdings
Holdings in common2%

Method

What they share

2%

By the books each fund has filed, INVN and TNXT hold 2% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

0 half 100%

half

2% in common

Positions both hold · largest shared weight first INVN TNXT
BLOCK INC 2.24% 1.02%
BRISTOL-MYERS SQUIBB COMPANY 2.03% 0.62%
SKYWORKS SOLUTIONS INC 1.89% 0.34%
PAYPAL HOLDINGS INC 2.08% 0.13%
ATLASSIAN CORP 1.67% 0.12%
MERCK & COMPANY INC 2.12% 0.11%
BILL HOLDINGS INC 2.19% 0.09%
Only in one fund ↓
Only in INVN
ROBLOX CORP 2.57%
ZEBRA TECHNOLOGIES CORP 2.38%
EXPEDIA GROUP INC 2.29%
MAPLEBEAR INC 2.25%
ZSCALER INC 2.22%
BIOGEN INC 2.18%
CCC INTELLIGENT SOLUTIONS HOLDINGS INC 2.15%
ETSY INC 2.15%
Only in TNXT
NVIDIA CORP 7.22%
APPLE INC 4.60%
AMAZON.COM INC 3.02%
BROADCOM INC 2.75%
MICROSOFT CORP 2.67%
ALPHABET INC CL A 2.57%
ADVANCED MICRO DEVICES 2.53%
ALPHABET INC CL C 2.28%
Check overlap with more funds →

Window by window

Window by window: INVN vs TNXT: Holdings Overlap & Returns
Total return
WindowINVNTNXT
3 months+9.6%−0.2%
6 months+33.7%+6.6%
1 year+33.1%–
Since launchNot the same days: INVN Jan 2025 · TNXT Jan 2026+37.1%+13.4%

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

Side by side

INVN Alger Russell Innovation ETF · Holds 50 stocks in broad innovation and megatrends, 32% of its weight in S&P 500 companies TNXT T. Rowe Price Innovation Leaders ETF · Holds 272 stocks in broad innovation and megatrends, 64% of its weight in S&P 500 companies
Issuer Alger T. Rowe Price
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 32.5% 64.2%
Active share vs the S&P 500 98.5% 51.6%
In the Nasdaq-100 7.6% 47.1%
Holdings 50 272
Top ten, share of the fund 22.6% 31.8%
Expense ratio 0.55% 0.49%
Fee for the differing part 0.56% 0.95%
Total return, 1 year +33.1% +13.4% (since launch, Jan 29, 2026)
vs its benchmark not measured not measured
Below its high −0.9% −3.8%
Net assets, INVN as of Jun 30, 2026 and TNXT as of Nov 3, 2026 $9.6m $19m

As of Nov 4, 2026. Source: ETFIQ.

2% of the two portfolios are the same securities at the same weight.

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About each fund
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.

TNXT

By weight, 64% of TNXT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 52%. The top ten holdings are 32% of the fund across 272 positions, as filed for Jun 30, 2026. Since it first traded on Jan 29, 2026 the fund returned +13.4% with distributions reinvested.

Questions people ask

Do INVN and TNXT hold the same stocks?
By their latest filings, 2% 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, INVN or TNXT?
INVN has 32% of its weight in S&P 500 names and TNXT has 64%, so INVN differs more from the index.
Which is cheaper, INVN or TNXT?
INVN charges 0.55% a year and TNXT charges 0.49%, so TNXT is cheaper. Fees come from each fund's prospectus.
Other comparisons
INVN vs DTREINVN vs BULDINVN vs BUYZINVN vs ABOTTNXT vs BULDTNXT vs DTRETNXT vs BUYZTNXT vs ABOT
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →INVN on its own →TNXT on its own →INVN dividend history →INVN holdings →TNXT holdings →Method →Standards and sources →
Sources and dates
INVN filings on SEC EDGAR ↗
INVN prospectus with the expense ratio (SEC) ↗
Alger website ↗
TNXT filings on SEC EDGAR ↗
TNXT prospectus with the expense ratio (SEC) ↗
T. Rowe Price 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, INVN against TNXT, data as of Nov 4, 2026. https://etfiq.com/compare/themes/invn-vs-tnxt

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.