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
$ 160.5 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 +
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 5.1 % |
| STERLING CONSTRUCTION CO | 5.1 % |
| ASML HOLDING NV | 5.1 % |
| REDDIT INC-CL A | 5.0 % |
| VERTIV HOLDINGS CO. CLASS A | 4.1 % |
| AEROVIRONMENT INC | 4.0 % |
| AXON ENTERPRISE INC | 3.7 % |
| DATADOG INC CLASS A | 3.5 % |
| BE SEMICONDUCTOR INDUSTRIES | 3.4 % |
| GLOBAL-E ONLINE LTD. | 3.4 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 354 |
| Wgt avg mkt cap (mns) | $67,608 |
| Large cap (>$10bn) | 67.9% |
| Mid cap ($2-10bn) | 21.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 93.0% |
| Emerging mkts. | 2.8% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 72.3 % |
 |
NETHERLANDS | 10.9 % |
 |
ISRAEL | 3.4 % |
 |
CANADA | 2.9 % |
 |
GERMANY | 2.8 % |
 |
AUSTRALIA | 2.7 % |
 |
ARGENTINA | 2.6 % |
 |
CAYMAN ISLANDS | 2.6 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.1% | 40.2% | 25.9% | 29.8% | 5.1% | -- | -- | 15.3% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | 0.0% |
| Total Returns | -2.1% | 40.2% | 25.9% | 29.8% | 5.1% | -- | -- | 15.3% | Ann. Volatility | 31.3% | 36.6% | 33.0% | 30.0% | 32.4% | -- | -- | 32.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.62 | 73% |
| MSCI EAFE | 1.49 | 45% |
| MSCI Emg Mkts | 1.48 | 53% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.27% |
Technical Indicators
| 30d moving avg. (EMA) | $75.12 |
| Relative strength (RSI) | 42 |
| MACD/Signal | -1.23/-1.00 |
| Bollinger Bands (Upper/Lower) | $77.80/$71.54 |
| Short interest (% of AUM) | 0.4% |
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 |
|---|---|---|---|---|
| JTEK | JPMorgan U.S. Tech Leaders ETF | 18.5% | -5 bp | -0.9% |
| TMAT | Main Thematic Innovation ETF | 15.6% | +94 bp | -3.5% |
| NETZ | TCW Transform Systems ETF | 14.8% | +5 bp | +0.4% |
| MFIG | Motley Fool Innovative Growth Factor ETF | 14.6% | -20 bp | +1.6% |
| SPRX | Spear Alpha ETF | 14.4% | +5 bp | -3.0% |
| NBDS | Neuberger Berman Disrupters ETF | 13.6% | -15 bp | -0.4% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 13.6% | -22 bp | +1.5% |
| QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 12.9% | -12 bp | +2.2% |
| BAI | iShares AI Innovation and Tech Active ETF | 12.8% | -15 bp | -0.2% |
| AIVC | Amplify Bloomberg AI Value Chain ETF | 12.2% | -11 bp | +4.3% |
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 3/15/2026
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
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
2.2%
ALTAR SCORE™
19th
PERCENTILE
AVOID
ETFRC RATING
There are 567 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. LOUP's ALTAR Score™ is approximately -0.9 standard
deviations above the category average. This places LOUP in the 19th percentile
among funds in the category.
Sell-Side Consensus
$101.9
PRICE TARGET
+42.8%
UPSIDE