LOUP
Innovator Deepwater Frontier Tech ETF
The Innovator Loup Frontier Tech ETF tracks an index of developed- and emerging-market stocks that are influencing the future of technology. Holdings are selected by fundamental criteria and equally weighted in two tiers.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
62.6 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | Innovator Capital Management |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 24, 2018 |
| Assets (mns) | $63 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ROBINHOOD MARKETS, INC. CLASS A | 6.3 % |
| REDDIT INC-CL A | 6.1 % |
| MICRON TECHNOLOGY INC | 4.4 % |
| HYNIX SEMICONDUCTOR INC | 4.1 % |
| ASTERA LABS INC | 3.8 % |
| NU HOLDINGS LTD. CLASS A | 3.7 % |
| MARVELL TECHNOLOGY, INC. | 3.7 % |
| CIENA CORP | 3.6 % |
| BLOCK INC. | 3.5 % |
| CELESTICA INC | 3.3 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 349 |
| Wgt avg mkt cap (mns) | $49,629 |
| Large cap (>$10bn) | 79.4% |
| Mid cap ($2-10bn) | 12.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 89.2% |
| Emerging mkts. | 10.8% |
Country Exposure
 |
UNITED STATES | 61.7 % |
 |
NETHERLANDS | 6.4 % |
 |
CANADA | 6.3 % |
 |
SOUTH KOREA | 4.1 % |
 |
CAYMAN ISLANDS | 3.7 % |
 |
TAIWAN | 2.8 % |
 |
ARGENTINA | 2.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 24.5% | 35.4% | 30.6% | 0.0% | 16.8% | -- | 12.5% | Volatility | 25.8% | 25.1% | 27.0% | 32.1% | 32.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.58 | 74% |
| MSCI EAFE | 1.32 | 51% |
| MSCI Emg Mkts | 1.16 | 39% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.49% |
| ADV of underlying (mns) | $11,822 |
Technical Indicators
| Recent close | $54.45 |
| 30d moving avg. | $55.50 |
| Annualized volatility | 32.3% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 1.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. LOUP |
Expenses vs. LOUP |
ALTAR Score™ vs. LOUP |
|---|---|---|---|---|
| AIVC | Amplify Bloomberg AI Value Chain ETF | 21.0% | -11 bp | +2.9% |
| IVES | Wedbush ETFMG Global Cloud Technology ETF | 18.8% | -2 bp | +2.7% |
| FFTY | Innovator IBD 50 ETF | 16.6% | +10 bp | -3.6% |
| ARKF | ARK Fintech Innovation ETF | 16.1% | +5 bp | -2.1% |
| FDTX | Fidelity Disruptive Technology ETF | 15.3% | -20 bp | +0.9% |
| BTEK | Future Tech ETF | 15.3% | +18 bp | +0.5% |
| CHAT | Roundhill Generative AI & Technology ETF | 14.9% | +5 bp | +1.6% |
| QNXT | iShares Nasdaq-100 ex Top 30 ETF | 14.4% | -50 bp | +3.6% |
| IGPT | Invesco AI and Next Gen Software ETF | 13.8% | -10 bp | +2.1% |
| GTEK | Goldman Sachs Future Tech Leaders Equity ETF | 13.4% | +5 bp | +1.0% |
Risk and Returns: LOUP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
LOUP
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
LOUP
1.8%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. LOUP's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places LOUP in the 31st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LOUPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| LOUP (70 bp) Percentile rank | 80 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| LOUP | 70.0 | 48.7 | 118.7 |
| Peer Avg. | 57.0 | 39.6 | 96.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .