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
$ 200.3 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 +
| STERLING CONSTRUCTION CO | 8.3 % |
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 6.5 % |
| BE SEMICONDUCTOR INDUSTRIES | 5.2 % |
| REDDIT INC-CL A | 4.5 % |
| DATADOG INC CLASS A | 4.5 % |
| MARVELL TECHNOLOGY, INC. | 3.9 % |
| NU HOLDINGS LTD. CLASS A | 3.5 % |
| ATLASSIAN CORP. CLASS A | 3.4 % |
| COHERENT INC | 3.4 % |
| VERTIV HOLDINGS CO. CLASS A | 3.3 % |
Constituent Breakdown
| Number of holdings | 28 |
| Herfindahl-Hirschman Index | 376 |
| 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. | 96.0% |
| Emerging mkts. | 2.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 69.3 % |
 |
NETHERLANDS | 10.5 % |
 |
CANADA | 4.4 % |
 |
CAYMAN ISLANDS | 3.5 % |
 |
AUSTRALIA | 3.4 % |
 |
GERMANY | 2.5 % |
 |
ISRAEL | 2.3 % |
 |
ARGENTINA | 2.2 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.2% | 67.3% | 35.3% | 34.3% | 8.4% | -- | -- | 16.1% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | 0.0% |
| Total Returns | 5.2% | 67.3% | 35.3% | 34.3% | 8.4% | -- | -- | 16.1% | Ann. Volatility | 33.2% | 28.3% | 33.9% | 30.6% | 32.5% | -- | -- | 32.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.81 | 63% |
| MSCI EAFE | 1.12 | 33% |
| MSCI Emg Mkts | 1.08 | 49% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $1 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.28% |
Technical Indicators
| 30d moving avg. (EMA) | $81.87 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 2.87/2.91 |
| Bollinger Bands (Upper/Lower) | $89.85/$77.86 |
| Short interest (% of AUM) | 0.4% |
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 |
|---|---|---|---|---|
| AGIX | KraneShares Artificial Intelligence and Technology ETF | 23.1% | +29 bp | -0.1% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 16.5% | -22 bp | +1.9% |
| DUNK | Dana Unconstrained Equity ETF | 14.2% | +5 bp | +1.1% |
| JTEK | JPMorgan U.S. Tech Leaders ETF | 13.5% | -5 bp | -0.8% |
| FDTX | Fidelity Disruptive Technology ETF | 13.0% | -20 bp | +0.7% |
| AIVC | Amplify Bloomberg AI Value Chain ETF | 12.9% | -11 bp | +2.6% |
| CSMD | Congress SMid Growth ETF | 12.5% | -1 bp | +2.4% |
| QQQG | Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | 12.4% | -21 bp | +1.6% |
| QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 12.3% | -12 bp | +2.2% |
| FFF | Founders 100 ETF | 12.2% | +5 bp | +1.4% |
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 5/24/2026
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
1.8%
ALTAR SCORE™
16th
PERCENTILE
AVOID
ETFRC RATING
There are 713 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 -1.0 standard
deviations above the category average. This places LOUP in the 16th percentile
among funds in the category.
Sell-Side Consensus
$98.4
PRICE TARGET
+10.5%
UPSIDE