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LOUP

GradeCNew York Stock Exchange Arca

Innovator Deepwater Frontier Tech ETF

Themes · Innovator · Inception 2018-07-25

$90.56−1.02 (−1.11%)

As of Sep 23, 2026, 2:16 PM EDT

Intraday session: down, 16 prints from 91.58 to 90.56. Range 89.86 to 91.58. Use the arrow keys to read each point.$90.00$91.00$91.5010 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$213M
1Y return
+21.4%
Yield · Last 12 months
—
Holdings
31
Volume · 30D
0M sh
NAV per share
$86.80
52W range
low $64.87high $100.31

The ETF.net LOUP Grade

C

46/ 100

Rank 17 of 31 in Disruptive Innovation⁠

Confidence Medium

Six-pillar profile for LOUP. Scores out of 100: Cost 42, Risk 37, Mission not scored, Tradability 49, Holdings 61, Durability 73. Strongest: Durability (73). Weakest: Risk (37). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 46 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 42
    Category rank18/31 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 37
    Category rank23/31 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 49
    Category rank16/31 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 61
    Category rank13/31 · top 42%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 73
    Category rank7/31 · top 23%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on LOUP

ETF.net Research

CA concentrated take on frontier tech: roughly 30 actively picked names measured against Innovator's own Deepwater Frontier Tech Index. One of the earlier disruptive-innovation ETFs, and still one of the smaller ones.

Stated mandate

The actively managed ETF seeks to invest at least 80% of its net assets in equity securities of companies developing new technologies, referred to as Frontier Tech Companies.

Why people hold it

  1. 01About 30 holdings, so a single winner actually moves the fund. Broad tech baskets dilute that away.
  2. 02Actively run with a written floor: at least 80% of net assets in companies developing new technologies.innovatoretfs.com
  3. 03The hunting ground spans US, international and emerging markets, not just the usual American megacaps.innovatoretfs.com
  4. 04Live since 2018, before the thematic-innovation wave crested. It has carried the same frontier-tech mandate through the full cycle since.

Worth knowing

  1. 010.70% a year sits above the 0.65% median for disruptive-innovation peers, and broader options undercut it (KOMP at 0.20%, XT at 0.46%).
  2. 02Thinly traded with a modest asset base, which usually means wider spreads than the headline thematic funds.
  3. 03Income isn't the point here: the fund hasn't been distributing, so the whole story rides on share price.

LOUP Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
31
Top-10 weight
40%
Largest holding
CRDO4.9%

Sectors

  • Technology60.4%
  • Industrials14.6%
  • Consumer Discr.6.3%
  • Communication5.8%
  • Financials3.4%
  • Energy3.3%
  • Utilities3.1%
  • Health Care3.1%

Geography

  • United States59.08%
  • Canada9.26%
  • Germany6.24%
  • Hong Kong5.11%
  • Netherlands3.99%
  • China3.90%
  • Brazil3.57%
  • Israel3.12%
  • Other countries (2)5.71%

Developed 66% · Emerging 34% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001CRDOCredo Technology Group Holding Ltd4.94%58,115$11M232
002CBRSCerebras Systems Inc4.62%48,800$10M89
003GLXYGalaxy Digital Inc4.27%360,398$9M105
004BESI.ASBE Semiconductor Industries NV4.22%42,971$9M112
0050100.HKMinimax Group Inc3.98%230,820$9M22
006RBRKRubrik Inc3.76%73,292$8M142
007TWLOTwilio Inc3.59%29,731$8M271
008DDOGDatadog Inc3.55%31,945$8M425
009MRVLMARVELL TECHNOLOGY INC3.48%29,794$8M458
010BBBlackBerry Ltd3.31%853,342$7M18
011AVAVAeroVironment Inc3.30%45,139$7M138
012GLBEGlobal-e Online Ltd3.28%181,852$7M59
013RDDTReddit Inc3.24%44,958$7M286
014SHOPShopify Inc3.14%50,080$7M111
015NOWServiceNow Inc3.13%50,039$7M426

Showing 1–15 of 31 holdings

LOUP Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

LOUP$12,135
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. LOUP $12,135. SPY $11,723. Use the arrow keys to read each point.$8,295$10,908$13,522Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LOUP. Periods over one year show the average yearly return.
PeriodLOUP
Year to date+19.9%
1 month−0.4%
3 months−5.2%
1 year+21.4%
3 years+38.1%per year
5 years+11.6%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LOUP
YearReturn barLOUP
2026 YTD+19.9%
2025+43.3%
2024+21.8%
2023+51.3%
2022−46.0%
2021+7.5%
2020+86.2%

LOUP in the news

ETF.net Research hasn’t filed on LOUP yet — coverage lands here as it’s written.

LOUP Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

LOUP Risk

How much the fund’s monthly returns vary, scaled to a year.
31.6%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.92
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−55.6%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

LOUP Cost

Expense ratio0.70%
  • The middle half of Disruptive Innovation funds
  • Median 0.65%

18 of the 31 Disruptive Innovation funds charge less.

LOUP costs $70.00 a year on $10,000. The median Disruptive Innovation fund costs $65.00.