Alger Russell Innovation ETF (INVN) Performance
INVN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +27.8% since Dec 31, 2025
- 1 year
- +31.7% total return
- Since first price
- +38.2% since 2025
INVN trailing returns vs SPY, QQQ, AGG
| Period | INVN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +6.5% | +6.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +28.1% | +28.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +44.4% | +44.4% | +7.8% | +8.4% | −1.5% |
| YTD | +27.8% | +27.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +31.7% | +31.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 7, 2025 | +38.2% | +37.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: INVN vs SPY
From Jan 7, 2025: INVN grew to $13,825, SPY to $13,164.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
INVN returns by calendar year
2026 is year to date.
INVN annual returns table
| Year | INVN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +27.8% | −20.4% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
INVN largest drawdowns
Now 0.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 5, 2025 | −26.0% | Apr 8, 2025 | Sep 8, 2025 | 2 months | 7 months |
| Jan 7, 2026 | −20.4% | Apr 10, 2026 | Jun 1, 2026 | 3 months | 5 months |
| Jun 1, 2026 | −10.3% | Jun 22, 2026 | Jul 16, 2026 | 21 days | 45 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
INVN risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +12.9% |
| Volatility (annualized) | 21.4% |
| Sharpe ratio | 0.49 |
| Sortino ratio | 0.87 |
| Best month | +14.0% |
| Worst month | −7.8% |
| Best 12 months | +33.1% |
| Worst 12 months | −3.5% |
| Positive months | 60% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
INVN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 10 | −3.5% | +15.2% | +33.1% | 90% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
INVN performance overview
Alger Russell Innovation ETF (INVN) returned +31.7% over the past year, with distributions reinvested. Since its first recorded price on Jan 7, 2025 it has returned +38.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −26.0%, from Feb 5, 2025 to Apr 8, 2025, and it took 5 months to get back to the old high. Volatility has been 21.4% a year.
Related: INVN chart, INVN holdings, INVN dividends, INVN valuation. See the INVN overview for the latest quote and fund facts.
INVN performance FAQ
What is the INVN return over the past year?
INVN returned +31.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 31.3%.
How much would $10,000 invested in INVN be worth?
$10,000 invested in INVN at its first recorded close on January 7, 2025 would be worth about $13,825 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of INVN?
The largest peak-to-trough decline was −26.0% between February 5, 2025 and April 8, 2025. It recovered to the old high on September 8, 2025, 5 months after the bottom.
How volatile is INVN?
Over the past history INVN had an annualized volatility of 21.4% and a Sharpe ratio of 0.49 (excess return over 1–3 month T-bills per unit of risk).