Data as of .
INVN vs XDAT: which is really different?
INVN and XDAT 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, INVN and XDAT hold 2% of their money in the same securities at the same weight.
| Holding | INVN | XDAT |
|---|---|---|
| ZSCALER INC | 2.21% | 0.87% |
| UNITY SOFTWARE INC | 2.10% | 0.71% |
| ROBLOX CORP | 2.56% | 0.26% |
| GITLAB INC | 2.09% | 0.18% |
| FIGMA INC | 1.79% | 0.05% |
| Only in INVN | Only in XDAT |
|---|---|
| ZEBRA TECHNOLOGIES CORP 2.38% | CLOUDFLARE INC 10.14% |
| EXPEDIA GROUP INC 2.29% | ALPHABET INC 9.76% |
| MAPLEBEAR INC 2.25% | META PLATFORMS INC 6.43% |
| BLOCK INC 2.23% | SNOWFLAKE INC 5.03% |
| BILL HOLDINGS INC 2.18% | APPLOVIN CORP 5.02% |
| BIOGEN INC 2.18% | PALO ALTO NETWORKS INC 4.54% |
| CCC INTELLIGENT SOLUTIONS HOLDINGS INC 2.15% | CROWDSTRIKE HOLDINGS INC 4.39% |
| ETSY INC 2.14% | DATADOG INC 4.11% |
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 | XDAT | INVN | XDAT | INVN | XDAT | |
| 3 months | +24.7% | +10.6% | +22.4 pts | +8.3 pts | +27.2 pts | +13.1 pts |
| 6 months | +37.7% | +23.9% | +19.6 pts | +5.9 pts | +13.4 pts | −0.3 pts |
| 1 year | +20.7% | −4.8% | +4.2 pts | −21.4 pts | −1.1 pts | −26.6 pts |
| 3 years | not published | +47.1% | not published | −31.3 pts | not published | −51.1 pts |
| Since launch | +29.2% | +9.1% | −2.8 pts | −108.2 pts | −11.9 pts | −127.9 pts |
| INVN Alger Russell Innovation ETF Holds 50 stocks in broad innovation and megatrends, 32% of its weight in S&P 500 companies | XDAT Franklin Exponential Data ETF Holds 59 stocks in broad innovation and megatrends, 61% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Alger | Franklin |
| Theme | Broad innovation and megatrends | Broad innovation and megatrends |
| In the S&P 500 | 32.5% | 61.1% |
| Active share vs the S&P 500 | 98.5% | 86.2% |
| In the Nasdaq-100 | 9.8% | 49.6% |
| Holdings | 50 | 59 |
| Top ten, share of the fund | 22.6% | 56.7% |
| Expense ratio | 0.55% | 0.50% |
| Fee for the differing part | 0.56% | 0.58% |
| Total return, 1 year | +20.7% | −4.8% |
| vs the S&P 500 | +4.2 pts | −21.4 pts |
| vs the Nasdaq-100 | −1.1 pts | −26.6 pts |
| Below its high | −5.6% | −12.3% |
| Net assets | $10m | $4m |
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.
XDAT in plain words
By weight, 61% of XDAT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 86%. The top ten holdings are 57% of the fund across 59 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −4.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 21.4 pts. It sits 12.3% below its all-time high of Nov 9, 2021.
Questions people ask
- Do INVN and XDAT 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 XDAT?
- INVN has 32% of its weight in S&P 500 names and XDAT has 61%, so INVN differs more from the index.
- Which is cheaper, INVN or XDAT?
- INVN charges 0.55% a year and XDAT charges 0.50%, so XDAT 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 XDAT, data as of Sep 18, 2026. https://etfiq.com/compare/themes/invn-vs-xdat Free to use with attribution; the underlying files are at Open data.