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
$ 209.3 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Inception date | Jul 24, 2018 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SILICON MOTION TECHNOL-ADR | 5.1 % |
| MINIMAX GROUP INC | 4.9 % |
| BE SEMICONDUCTOR INDUSTRIES | 4.4 % |
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 4.4 % |
| CEREBRAS SYSTEMS INC - A | 3.9 % |
| MARVELL TECHNOLOGY, INC. | 3.6 % |
| UNITY SOFTWARE, INC. | 3.4 % |
| SCHAEFFLER AG | 3.4 % |
| CAMECO CORP | 3.3 % |
| AXON ENTERPRISE INC | 3.3 % |
Constituent Breakdown
| Number of holdings | 28 |
| Herfindahl-Hirschman Index | 349 |
| Wgt avg mkt cap (mns) | $68,215 |
| Large cap (>$10bn) | 76.4% |
| Mid cap ($2-10bn) | 12.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 88.9% |
| Emerging mkts. | 4.9% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 60.7 % |
 |
CANADA | 9.1 % |
 |
HONG KONG | 5.1 % |
 |
CHINA | 4.9 % |
 |
NETHERLANDS | 4.4 % |
 |
CAYMAN ISLANDS | 3.3 % |
 |
GERMANY | 3.1 % |
 |
ISRAEL | 3.1 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.4% | 32.5% | 38.0% | 27.7% | 10.7% | -- | -- | 16.3% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | 0.0% |
| Total Returns | 11.4% | 32.5% | 38.0% | 27.7% | 10.7% | -- | -- | 16.3% | Ann. Volatility | 33.9% | 31.3% | 35.1% | 31.6% | 33.0% | -- | -- | 32.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.97 | 66% |
| MSCI EAFE | 1.26 | 40% |
| MSCI Emg Mkts | 0.95 | 55% |
Liquidity Measures
| Avg. volume (000) | 13 |
| ADV traded (mns) | $1 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.32% |
Technical Indicators
| 30d moving avg. (EMA) | $91.58 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 1.32/0.14 |
| Bollinger Bands (Upper/Lower) | $98.06/$81.65 |
| Short interest (% of AUM) | 0.5% |
Distributions
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 |
|---|---|---|---|---|
| FDTX | Fidelity Disruptive Technology ETF | 16.9% | -20 bp | +0.5% |
| MFIG | Motley Fool Innovative Growth Factor ETF | 16.0% | -20 bp | +1.6% |
| FMTM | MarketDesk Focused U.S. Momentum ETF | 15.6% | -25 bp | +3.3% |
| CLOD | Themes Cloud Computing ETF | 13.4% | -35 bp | +1.8% |
| WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 13.4% | -25 bp | +0.6% |
| DUNK | Dana Unconstrained Equity ETF | 13.1% | +5 bp | +0.5% |
| AFOS | ARS Focused Opportunities Strategy ETF | 13.1% | -25 bp | +0.9% |
| USRD | Themes US R&D Champions ETF | 12.5% | -41 bp | +2.7% |
| BAI | iShares AI Innovation and Tech Active ETF | 12.5% | -15 bp | -0.4% |
| FFF | Founders 100 ETF | 12.1% | +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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 8/30/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
1.9%
ALTAR SCORE™
18th
PERCENTILE
AVOID
ETFRC RATING
There are 735 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. LOUP's ALTAR Score™ is approximately -0.9 standard
deviations above the category average. This places LOUP in the 18th percentile
among funds in the category.
Sell-Side Consensus
$119.27
PRICE TARGET
+33.9%
UPSIDE
Bid/Ask Spreads
32 bp
AVG SPREAD
21 —
172 bp
RANGE