Data as of .
INVN vs TNXT: which is really different?
INVN and TNXT hold 2% of their weight in the same names.
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, INVN and TNXT hold 2% of their money in the same securities at the same weight.
| Holding | INVN | TNXT |
|---|---|---|
| BLOCK INC | 2.23% | 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 | 1.66% | 0.12% |
| MERCK & COMPANY INC | 2.11% | 0.11% |
| BILL HOLDINGS INC | 2.18% | 0.09% |
| Only in INVN | Only in TNXT |
|---|---|
| ROBLOX CORP 2.56% | NVIDIA CORP 7.23% |
| ZEBRA TECHNOLOGIES CORP 2.38% | APPLE INC 4.61% |
| EXPEDIA GROUP INC 2.29% | AMAZON.COM INC 3.02% |
| MAPLEBEAR INC 2.25% | BROADCOM INC 2.76% |
| ZSCALER INC 2.21% | MICROSOFT CORP 2.67% |
| BIOGEN INC 2.18% | ALPHABET INC CL A 2.57% |
| CCC INTELLIGENT SOLUTIONS HOLDINGS INC 2.15% | ADVANCED MICRO DEVICES 2.53% |
| ETSY INC 2.14% | ALPHABET INC CL C 2.28% |
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.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| INVN | TNXT | INVN | TNXT | INVN | TNXT | |
| 3 months | +24.7% | +3.8% | +22.4 pts | +1.6 pts | +27.2 pts | +6.3 pts |
| 6 months | +37.7% | +27.4% | +19.6 pts | +9.3 pts | +13.4 pts | +3.1 pts |
| 1 year | +20.7% | not published | +4.2 pts | not published | −1.1 pts | not published |
| Since launch | +29.2% | +14.5% | −2.8 pts | +3.9 pts | −11.9 pts | −0.4 pts |
| 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% | 64.3% |
| Active share vs the S&P 500 | 98.5% | 51.6% |
| In the Nasdaq-100 | 9.8% | 46.9% |
| 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 | +20.7% | +14.5% (since launch on Jan 29, 2026) |
| vs the S&P 500 | +4.2 pts | +3.9 pts |
| vs the Nasdaq-100 | −1.1 pts | −0.4 pts |
| Below its high | −5.6% | −1.4% |
| Net assets | $10m | $18m |
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.
TNXT in plain words
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 launched on Jan 29, 2026 the fund returned +14.5% with distributions reinvested against +10.6% for the S&P 500, so a holder was ahead by 3.9 pts.
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, 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, 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
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, INVN against TNXT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/invn-vs-tnxt Free to use with attribution; the underlying files are at Open data.