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
66.3 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
Fund sponsor | Innovator Capital Management |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Jul 24, 2018 |
Assets (mns) | $66 |
Expense ratio | 70 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Fundamental |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
ROBINHOOD MARKETS, INC. CLASS A | 6.1 % |
REDDIT INC-CL A | 5.2 % |
MICRON TECHNOLOGY INC | 4.3 % |
NU HOLDINGS LTD. CLASS A | 4.1 % |
HYNIX SEMICONDUCTOR INC | 4.0 % |
BLOCK INC. | 3.5 % |
CONFLUENT INC | 3.5 % |
CAMECO CORP | 3.4 % |
SHIFT4 PAYMENTS, INC. CLASS A | 3.4 % |
MONGODB, INC. CLASS A | 3.3 % |
Constituent Breakdown
Number of holdings | 28 |
Herfindahl-Hirschman Index | 349 |
Wgt avg mkt cap (mns) | $49,629 |
Large cap (>$10bn) | 79.4% |
Mid cap ($2-10bn) | 12.2% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 89.2% |
Emerging mkts. | 10.8% |
Country Exposure
UNITED STATES | 62.0 % | |
CANADA | 6.3 % | |
NETHERLANDS | 6.3 % | |
CAYMAN ISLANDS | 4.1 % | |
SOUTH KOREA | 4.0 % | |
ARGENTINA | 3.2 % | |
TAIWAN | 2.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 24.5% | 35.4% | 30.6% | 0.0% | 16.8% | -- | 12.5% | Volatility | 25.8% | 25.1% | 27.0% | 32.1% | 32.6% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.58 | 74% |
MSCI EAFE | 1.32 | 51% |
MSCI Emg Mkts | 1.16 | 39% |
Liquidity Measures
Avg. volume (000) | 6 |
Turnover | 0.5% |
Avg. Bid/Ask (% of price) | 0.49% |
ADV of underlying (mns) | $11,822 |
Technical Indicators
Recent close | $57.65 |
30d moving avg. | $48.95 |
Annualized volatility | 32.3% |
Relative strength (RSI) | 56 |
Short interest (ETF) | 1.1% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. LOUP |
Expenses vs. LOUP |
ALTAR Score™ vs. LOUP |
---|---|---|---|---|
AIVC | Amplify Bloomberg AI Value Chain ETF | 20.2% | -11 bp | +2.8% |
IVES | Wedbush ETFMG Global Cloud Technology ETF | 18.8% | -2 bp | +2.8% |
ARKF | ARK Fintech Innovation ETF | 16.3% | +5 bp | -1.9% |
FFTY | Innovator IBD 50 ETF | 16.1% | +10 bp | -3.4% |
CHAT | Roundhill Generative AI & Technology ETF | 15.8% | +5 bp | +1.6% |
BTEK | Future Tech ETF | 15.6% | +18 bp | +0.6% |
FDTX | Fidelity Disruptive Technology ETF | 15.2% | -20 bp | +0.9% |
IDAT | iShares Future Cloud 5G and Tech ETF | 14.3% | -23 bp | +2.3% |
QNXT | iShares Nasdaq-100 ex Top 30 ETF | 13.9% | -50 bp | +3.4% |
IGPT | Invesco AI and Next Gen Software ETF | 13.5% | -10 bp | +1.5% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 12/4/2024
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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
LOUP
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
LOUP
1.6%
Cat. Avg
4.0%
ALTAR Score™ Calculation
Category Overview
There are 377 funds in the Global Equity category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.7%. LOUP's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places LOUP in the 30rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LOUPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based Global Equity ETFs |
# of ETFs | 191 |
Avg. Expense Ratio | 55.4 bp |
Std. Deviation | 17.5 bp |
LOUP (70 bp) Percentile rank | 80 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
LOUP | 70.0 | 48.7 | 118.7 |
Peer Avg. | 57.1 | 40.0 | 97.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .