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LOUP vs XITK

Innovator Deepwater Frontier Tech ETF

LOUPCNYSE Arca

State Street SPDR FactSet Innovative Technology ETF

XITKANYSE Arca

Overlap

7.6%by weight

Expense ratio

XITK −0.25pt a year

LOUP0.70%XITK0.45%

Avg volume · 30D

LOUP 7.5×the volume

LOUP14.4KXITK1.91K

5Y return · a year

LOUP +8.4pt

LOUP+3.8%XITK−4.6%

LOUP vs XITK Performance

Nov 9, 2021 – Nov 9, 2026

+20.3%LOUP−21.2%XITK

Nov 9, 2021 to Nov 9, 2026. LOUP +20.3%. XITK −21.2%. Use the arrow keys to read each point.−50%0%50%75%Nov 2021May 2024Nov 2026
Expense ratio
LOUP 0.70%
XITK 0.45%, better
Fund size
LOUP $165M
XITK $59M
1Y total return
LOUP −10.5%
XITK +1.4%, better
Yield (12M)
LOUP No data
XITK 0.00%
Holdings
LOUP 31
XITK 94
Avg volume (30D)
LOUP 14.4K sh, better
XITK 1.91K sh
NAV per share
LOUP $67.19
XITK $178.01
52W range

ETF.net Grade

LOUP: Cost 40, Risk 23, Mission not scored, Tradability 50, Holdings 60, Durability 74. XITK: Cost 95, Risk 37, Mission not scored, Tradability 61, Holdings 81, Durability 73.
Pillar letters and Scores for LOUP, XITK, with each pillar’s weight
PillarLOUPXITK
Cost30% weightC40A95Higher
Mission25% weightNot scoredNot scored
Risk15% weightF23D37Higher
Tradability15% weightC50B61Higher
Holdings10% weightB60A81Higher
Durability5% weightA74HigherA73

Rank among Disruptive Innovation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. LOUP and XITK are both graded against the same 30 Disruptive Innovation funds, so their Grades compare head to head.

Disruptive Innovation⁠

Category · 30 funds
See all 30 ›

XITK ranks 4th and LOUP 17th of 30 funds in the Disruptive Innovation Category.

  1. Rank 1AXTiShares Future Exponential Technologies ETFScore 85
  2. Rank 2AKOMPState Street SPDR S&P Kensho New Economies Composite ETFScore 84
  3. Rank 3ATRFMAAM Transformers ETFScore 74
  4. Rank 4AXITKState Street SPDR FactSet Innovative Technology ETFScore 73
  5. Rank 5AGINNGoldman Sachs Innovate Equity ETFScore 72
  6. Rank 16CILDRFirst Trust Innovation Leaders ETFScore 45
  7. Rank 17CLOUPInnovator Deepwater Frontier Tech ETFScore 43
  8. Rank 18CARKKARK Innovation ETFScore 42

Our read on each fund

ETF.net Research

LOUPCInnovator Deepwater Frontier Tech ETF

XITKAState Street SPDR FactSet Innovative Technology ETF

In short

LOUP A 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.

XITK Most innovation funds pick a theme and hope. XITK lets the data pick: FactSet ranks tech and electronic-media segments by growth, keeps the top quartile, then equal-weights roughly 100 names so no single giant runs the show.

Stated mandate

LOUP 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.

XITK The fund seeks to track the total return of the FactSet Innovative Technology Index before fees and expenses. Its mandate targets innovative technology-related companies with robust revenue growth and leading-edge products or services.

Why people hold it

  • LOUP About 30 holdings, so a single winner actually moves the fund. Broad tech baskets dilute that away.
  • Actively run with a written floor: at least 80% of net assets in companies developing new technologies.innovatoretfs.com
  • The hunting ground spans US, international and emerging markets, not just the usual American megacaps.innovatoretfs.com
  • Live since 2018, before the thematic-innovation wave crested. It has carried the same frontier-tech mandate through the full cycle since.
  • XITK Costs 0.45% a year, comfortably under the 0.65% median for disruptive-innovation funds, and it does it inside a plain index wrapper from a major ETF shop.
  • Equal weighting at each reset gives the hundredth holding the same slot as the first, so results lean on the whole basket rather than two or three mega-caps.factset.com
  • Screens segments, not slogans: only companies drawing most of their revenue from the fastest-growing corners of tech and electronic media make the cut.factset.comssga.com
  • Trading since 2016, giving it a live record across several tech cycles, and it sits in the upper tier of our innovation-fund cohort review.

Worth knowing

  • LOUP 0.70% 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%).
  • Thinly traded with a modest asset base, which usually means wider spreads than the headline thematic funds.
  • Income isn't the point here: the fund hasn't been distributing, so the whole story rides on share price.
  • XITK Growth-screened tech, equal-weighted, means smaller names carry a giant's weight. Expect a rougher ride than a cap-weighted tech fund.
  • Thinly traded for its category and modest in size, so bid-ask spreads can run wider than the household-name tech ETFs.
  • Cheaper shelfmates exist: KOMP runs a broad new-economy basket for 0.20%.

Full LOUP profile⁠

Full XITK profile⁠

LOUP vs XITK Holdings

How LOUP and XITK differ

Overlap by weight

7.6%

Shared holdings make up 18.0% of LOUP and 7.6% of XITK.

Level by level

  • Holdings6 in both7.6%
  • Sector9 Sectors64.2%
  • Countryby domicile74.1%
  • Asset classStocks100%

Sector

Sector weights in LOUP and XITK, widest gap first
SectorMore in LOUPMore in XITKGap
TechnologyXITK +22.0 points
IndustrialsLOUP +13.7 points
CommunicationXITK +9.2 points
Consumer DiscretionaryLOUP +8.4 points
FinancialsLOUP +6.0 points
UtilitiesLOUP +4.4 points
Health CareXITK +4.1 points
EnergyLOUP +3.3 points
Real EstateXITK +0.5 points

Country, concentration and asset class

Country by domicile

Country weights in LOUP and XITK, widest gap first
CountryMore in LOUPMore in XITKGap
United StatesXITK +24.3 points
CanadaLOUP +10.0 points
GermanyLOUP +6.9 points
NetherlandsLOUP +3.2 points
United KingdomLOUP +2.9 points
BrazilLOUP +2.8 points
TaiwanXITK +0.8 points
IsraelXITK +0.7 points
ChinaXITK +0.1 points

Concentration

Weight in the 10 largest Holdings

  • LOUP40.6%
  • XITK19.0%

Securities held

  • LOUP31
  • XITK93

Asset class

LOUP
Stocks
XITK
Stocks

Holdings

  • Only in LOUP25
  • In both6
  • Only in XITK87

Only in LOUP

25 securities, 82.1% of LOUP by weight

  • Vistra Corp4.77%
  • Unity Software Inc4.61%
  • Global-e Online Ltd4.40%

Only in XITK

87 securities, 92.4% of XITK by weight

  • Axt Inc2.87%
  • Advanced Micro Devices2.33%
  • Zeta Global Holdings Corp A1.83%

Weight gaps

All 6 Holdings in both funds, largest gap first.

Holding weights in LOUP and XITK, widest gap first
HoldingMore in LOUPMore in XITKGap
Credo Technology Group Holding LtdCRDOLOUP +2.47 points
Rubrik IncRBRKLOUP +2.17 points
Reddit IncRDDTLOUP +2.04 points
Snowflake IncSNOWLOUP +1.91 points
Datadog IncDDOGLOUP +1.35 points
Silicon Motion Technology CorpSIMOLOUP +0.52 points

All 31 LOUP holdings⁠All 93 XITK holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

LOUP vs XITK Cost

Overpaying LOUP vs XITK

$4,565

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LOUP 0.70%

    $13,606

  • XITK 0.45%

    $9,041

$10,000
30 years

Cost over time

  • LOUP 0.70%
  • XITK 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530LOUP $13,606XITK $9,041

Year by year

YearLOUPXITKOverpaying
10$1,250$812$438
20$4,760$3,128$1,632
30$13,606$9,041$4,565

Expense ratio

  • 0.70%LOUP
  • 0.45%XITK, cheaper
  • Middle half of Disruptive Innovation funds
  • Median 0.65%

XITK 2nd cheapest of 30 funds

LOUP 19th cheapest of 30 funds

LOUP vs XITK Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
LOUP No data
XITK 0.00%
Payout (12M)
LOUP None
XITK None

Distribution history

Per share, 2016 to 2023, same scale for both

LOUPAll LOUP payments⁠

No distribution history available.

XITK11 paymentsAll XITK payments⁠
One bar per payment. 11 payments from 2016 to 2023. Sep 16, 2016 $0.03; Dec 16, 2016 $1.06; Dec 15, 2017 $1.36; Dec 24, 2018 $1.24; Dec 23, 2019 $0.16; Dec 21, 2020 $0.13; Jun 21, 2022 $0.06; Sep 19, 2022 $0.05; Jun 20, 2023 $0.0071; Sep 18, 2023 $0.0094; Dec 18, 2023 $0.10. Use the arrow keys to read each point.$0$1201720202023

LOUP vs XITK Risk

Fall from peak · 5 years

  • LOUP
  • XITK
Nov 9, 2021 to Nov 9, 2026. Worst fall: XITK −61.4% · Nov 2022. Use the arrow keys to read each point.−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
LOUP 32.8%XITK 25.4%, better
Return per unit of riskSharpe ratio, 3 years
LOUP 0.84, betterXITK 0.63
Worst fallMax drawdown, 5 years
LOUP −55.5%, betterXITK −61.4%
Market sensitivityBeta, 5 years
LOUP 2.04XITK 1.67

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