Skip to content
etf.net

LOUP vs XT

Innovator Deepwater Frontier Tech ETF

LOUPCNYSE Arca

iShares Future Exponential Technologies ETF

XTANasdaq

Overlap

Expense ratio

XT −0.24pt a year

LOUP0.70%XT0.46%

Avg volume · 30D

XT 4.8×the volume

LOUP14.4KXT68.5K

5Y return · a year

XT +2.7pt

LOUP+3.8%XT+6.5%

LOUP vs XT Performance

Nov 9, 2021 – Nov 9, 2026

+20.3%LOUP+36.8%XT

Nov 9, 2021 to Nov 9, 2026. LOUP +20.3%. XT +36.8%. Use the arrow keys to read each point.−50%−25%0%75%Nov 2021May 2024Nov 2026
Expense ratio
LOUP 0.70%
XT 0.46%, better
Fund size
LOUP $165M
XT $3.81B
1Y total return
LOUP −10.5%
XT +21.6%, better
Yield (12M)
LOUP No data
XT 6.88%
Holdings
LOUP 31
XT 216
Avg volume (30D)
LOUP 14.4K sh
XT 68.5K sh, better
NAV per share
LOUP $67.19
XT $79.88
52W range

ETF.net Grade

LOUP: Cost 40, Risk 23, Mission not scored, Tradability 50, Holdings 60, Durability 74. XT: Cost 95, Risk 85, Mission not scored, Tradability 77, Holdings 67, Durability 97.
Pillar letters and Scores for LOUP, XT, with each pillar’s weight
PillarLOUPXT
Cost30% weightC40A95Higher
Mission25% weightNot scoredNot scored
Risk15% weightF23A85Higher
Tradability15% weightC50A77Higher
Holdings10% weightB60B67Higher
Durability5% weightA74A97Higher

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 XT 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 ›

XT ranks 1st 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 16CILDRFirst Trust Innovation Leaders ETFScore 45
  4. Rank 17CLOUPInnovator Deepwater Frontier Tech ETFScore 43
  5. Rank 18CARKKARK Innovation ETFScore 42

Our read on each fund

ETF.net Research

LOUPCInnovator Deepwater Frontier Tech ETF

XTAiShares Future Exponential Technologies 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.

XT Innovation, spread thin on purpose. XT holds roughly 200 global companies scored by Morningstar analysts for exposure to a handful of exponential tech themes, so no single moonshot carries the fund.

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.

XT XT seeks to track an index of stocks from developed and emerging markets whose companies create or use exponential technologies. The strategy targets technologies with potential economic benefits, including the ability to displace older technologies or create new markets.

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.
  • XT Cheap for the theme at 0.46% a year, below the typical fee in its disruptive-innovation cohort and under peers like TRFM and FDTX.
  • Human fingerprint on the stock list: Morningstar equity analysts score companies on theme exposure instead of sorting by keywords or revenue tags.sec.govcontentstack.io
  • Global by construction (developed and emerging markets) and not fenced into the tech sector, so a drugmaker or an industrial can qualify on theme exposure.sec.gov
  • Launched in 2015 and now a multi-billion-dollar iShares fund, it stands among the stronger builds in its innovation peer group.ishares.com

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.
  • XT The index has been reworked since launch (weighting scheme, theme list), and themes get an annual review, so today's tilt is not fixed forever.morningstar.comsec.gov
  • Moderately traded rather than a household name, which can mean wider spreads than the biggest tech ETFs.
  • About 200 positions dilutes any single breakout winner, and distributions land only once or twice a year.

Full LOUP profile⁠

Full XT profile⁠

LOUP vs XT 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 XT Cost

Overpaying LOUP vs XT

$4,376

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

  • LOUP 0.70%

    $13,606

  • XT 0.46%

    $9,230

$10,000
30 years

Cost over time

  • LOUP 0.70%
  • XT 0.46%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530LOUP $13,606XT $9,230

Year by year

YearLOUPXTOverpaying
10$1,250$830$420
20$4,760$3,195$1,565
30$13,606$9,230$4,376

Expense ratio

  • 0.70%LOUP
  • 0.46%XT, cheaper
  • Middle half of Disruptive Innovation funds
  • Median 0.65%

XT 3rd cheapest of 30 funds

LOUP 19th cheapest of 30 funds

LOUP vs XT Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
LOUP No data
XT 6.88%
Payout (12M)
LOUP None
XT $5.69
Last payment
LOUP No data
XT $0.36
Ex-dividend
LOUP No data
XT Jun 15, 2026
Paid on
LOUP No data
XT Jun 18, 2026
Frequency
LOUP No data
XT Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

LOUPAll LOUP payments⁠

No distribution history available.

XTTwice a year · 23 paymentsAll XT payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.24; Dec 21, 2017 $0.10; Dec 28, 2017 $0.0072; Jun 19, 2018 $0.29; Dec 18, 2018 $0.18; Dec 28, 2018 $0.02; Jun 17, 2019 $0.36; Dec 16, 2019 $0.30; Jun 15, 2020 $0.24; Dec 14, 2020 $0.19; Dec 30, 2020 $0.01; Jun 10, 2021 $0.27; Dec 13, 2021 $0.28; Jun 9, 2022 $0.22; Dec 13, 2022 $0.15; Jun 7, 2023 $0.14; Dec 20, 2023 $0.11; Jun 11, 2024 $0.16; Dec 17, 2024 $0.22; Dec 30, 2024 $0.0094; Jun 16, 2025 $0.21; Dec 16, 2025 $5.33; Jun 15, 2026 $0.36. Use the arrow keys to read each point.$0$52017202020232026YTD

LOUP vs XT Risk

Fall from peak · 5 years

  • LOUP
  • XT
Nov 9, 2021 to Nov 9, 2026. Worst fall: LOUP −55.5% · Oct 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%XT 16.5%, better
Return per unit of riskSharpe ratio, 3 years
LOUP 0.84XT 1.08, better
Worst fallMax drawdown, 5 years
LOUP −55.5%XT −34.4%, better
Market sensitivityBeta, 5 years
LOUP 2.04XT 1.35

LOUP and XT in the news

All news⁠

Popular comparisons

  • LOUPCvsKOMPA

    Innovator Deepwater Frontier Tech ETF · State Street SPDR S&P Kensho New Economies Composite ETF

    Expense ratio
    0.70% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XTAvsKOMPA

    iShares Future Exponential Technologies ETF · State Street SPDR S&P Kensho New Economies Composite ETF

    Expense ratio
    0.46% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • LOUPCvsTRFMA

    Innovator Deepwater Frontier Tech ETF · AAM Transformers ETF

    Expense ratio
    0.70% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XTAvsTRFMA

    iShares Future Exponential Technologies ETF · AAM Transformers ETF

    Expense ratio
    0.46% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • LOUPCvsXITKA

    Innovator Deepwater Frontier Tech ETF · State Street SPDR FactSet Innovative Technology ETF

    Expense ratio
    0.70% · 0.45%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XTAvsXITKA

    iShares Future Exponential Technologies ETF · State Street SPDR FactSet Innovative Technology ETF

    Expense ratio
    0.46% · 0.45%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.