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
$ 204.4 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 +
| CEREBRAS SYSTEMS INC - A | 4.6 % |
| BE SEMICONDUCTOR INDUSTRIES | 4.5 % |
| MARVELL TECHNOLOGY, INC. | 4.0 % |
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 3.8 % |
| GLOBAL-E ONLINE LTD. | 3.6 % |
| SHOPIFY, INC. CLASS A | 3.5 % |
| SNOWFLAKE, INC. CLASS A | 3.5 % |
| NU HOLDINGS LTD. CLASS A | 3.4 % |
| SCHAEFFLER AG | 3.4 % |
| VISTRA ENERGY CORP. | 3.4 % |
Constituent Breakdown
| Number of holdings | 28 |
| Herfindahl-Hirschman Index | 347 |
| Wgt avg mkt cap (mns) | $72,537 |
| Large cap (>$10bn) | 82.1% |
| Mid cap ($2-10bn) | 12.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 91.0% |
| Emerging mkts. | 3.5% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 65.4 % |
 |
CANADA | 9.2 % |
 |
NETHERLANDS | 4.5 % |
 |
ISRAEL | 3.6 % |
 |
CAYMAN ISLANDS | 3.4 % |
 |
ARGENTINA | 3.4 % |
 |
GERMANY | 3.3 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 29.0% | 57.4% | 43.9% | 35.6% | 12.2% | -- | -- | 18.7% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | 0.0% |
| Total Returns | 29.0% | 57.4% | 43.9% | 35.6% | 12.2% | -- | -- | 18.7% | Ann. Volatility | 33.9% | 30.0% | 34.8% | 31.3% | 32.8% | -- | -- | 32.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.95 | 66% |
| MSCI EAFE | 1.16 | 37% |
| MSCI Emg Mkts | 0.94 | 52% |
Liquidity Measures
| Avg. volume (000) | 11 |
| ADV traded (mns) | $1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.32% |
Technical Indicators
| 30d moving avg. (EMA) | $92.80 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.54/0.56 |
| Bollinger Bands (Upper/Lower) | $99.97/$88.36 |
| 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 |
|---|---|---|---|---|
| OGIG | ALPS O'Shares Global Internet Giants ETF | 17.1% | -22 bp | +1.8% |
| FFF | Founders 100 ETF | 16.0% | +5 bp | +1.3% |
| CLOD | Themes Cloud Computing ETF | 15.6% | -35 bp | +2.2% |
| MFIG | Motley Fool Innovative Growth Factor ETF | 15.3% | -20 bp | +1.7% |
| GVIP | Goldman Sachs Hedge Industry VIP ETF | 14.7% | -25 bp | +0.7% |
| BJK | VanEck Gaming ETF | 14.3% | -5 bp | +5.5% |
| FCLD | Fidelity Cloud Computing ETF | 14.0% | -31 bp | +2.4% |
| AFOS | ARS Focused Opportunities Strategy ETF | 13.9% | -25 bp | +0.9% |
| ABOT | Abacus FCF Innovation Leaders ETF | 13.8% | -1 bp | +3.1% |
| IWP | iShares Russell Mid-Cap Growth ETF | 13.3% | -47 bp | +2.5% |
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 7/19/2026
Peer Group Comparison
Sample data. Subscribe for access.
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™
17th
PERCENTILE
AVOID
ETFRC RATING
There are 733 funds in the Global Equity category with an average
ALTAR Score™ of 4.5% 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 17th percentile
among funds in the category.
Sell-Side Consensus
$119.27
PRICE TARGET
+37.2%
UPSIDE
Bid/Ask Spreads
32 bp
AVG SPREAD
19 —
172 bp
RANGE