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
$ 180.9 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 +
| BE SEMICONDUCTOR INDUSTRIES | 6.6 % |
| STERLING CONSTRUCTION CO | 5.6 % |
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 5.3 % |
| NU HOLDINGS LTD. CLASS A | 4.8 % |
| REDDIT INC-CL A | 4.7 % |
| MARVELL TECHNOLOGY, INC. | 4.3 % |
| LAM RESEARCH CORP | 3.8 % |
| RAMBUS INC | 3.8 % |
| COHERENT INC | 3.7 % |
| SIEMENS ENERGY AG | 3.5 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 370 |
| 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. | 97.0% |
| Emerging mkts. | 3.1% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 65.3 % |
 |
NETHERLANDS | 12.9 % |
 |
CANADA | 5.7 % |
 |
CAYMAN ISLANDS | 4.8 % |
 |
GERMANY | 3.5 % |
 |
ARGENTINA | 3.1 % |
 |
ISRAEL | 2.7 % |
 |
AUSTRALIA | 2.1 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -9.9% | 51.6% | 20.1% | 24.8% | 4.9% | -- | -- | 13.9% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | 0.0% |
| Total Returns | -9.9% | 51.6% | 20.1% | 24.8% | 4.9% | -- | -- | 13.9% | Ann. Volatility | 33.3% | 35.1% | 33.6% | 30.3% | 32.3% | -- | -- | 32.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.61 | 76% |
| MSCI EAFE | 1.36 | 47% |
| MSCI Emg Mkts | 1.27 | 53% |
Liquidity Measures
| Avg. volume (000) | 18 |
| ADV traded (mns) | $1 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.26% |
Technical Indicators
| 30d moving avg. (EMA) | $71.96 |
| Relative strength (RSI) | 49 |
| MACD/Signal | -0.61/-1.19 |
| Bollinger Bands (Upper/Lower) | $74.82/$66.78 |
| 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 |
|---|---|---|---|---|
| JTEK | JPMorgan U.S. Tech Leaders ETF | 18.8% | -5 bp | -0.8% |
| FDTX | Fidelity Disruptive Technology ETF | 15.2% | -20 bp | +0.9% |
| TMAT | Main Thematic Innovation ETF | 15.2% | +94 bp | -3.3% |
| SPRX | Spear Alpha ETF | 14.7% | +5 bp | -2.7% |
| NBDS | Neuberger Berman Disrupters ETF | 14.7% | -15 bp | -0.4% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 14.5% | -22 bp | +1.7% |
| AIVC | Amplify Bloomberg AI Value Chain ETF | 14.3% | -11 bp | +3.5% |
| RVER | Trenchless Fund ETF | 13.7% | -5 bp | -0.2% |
| NETZ | TCW Transform Systems ETF | 13.3% | +5 bp | +0.6% |
| TOGA | Tremblant Global ETF | 13.3% | -1 bp | -0.5% |
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 4/19/2026
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
2.0%
ALTAR SCORE™
19th
PERCENTILE
AVOID
ETFRC RATING
There are 585 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 19th percentile
among funds in the category.
Sell-Side Consensus
$92.27
PRICE TARGET
+14.8%
UPSIDE