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EPU vs. LOUP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPU vs. LOUP

Last updated Jun 14, 2026

EPU (iShares MSCI Peru ETF) and LOUP (Innovator Deepwater Frontier Tech ETF) are both exchange-traded funds - EPU is a Mid Cap Blend Equities fund tracking the MSCI All Peru Capped Index, while LOUP is a Technology Equities fund tracking the Deepwater Frontier Tech Index. Both are passively managed. Over the past 5 years, EPU returned 28.15%/yr vs 11.27%/yr for LOUP. At a 0.48 correlation, their price movements are largely independent. EPU charges 0.59%/yr vs 0.70%/yr for LOUP.

Performance

EPU vs. LOUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Peru ETF (EPU) and Innovator Deepwater Frontier Tech ETF (LOUP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with EPU having a 21.02% return and LOUP slightly lower at 20.89%.

EPU

1D
2.12%
1M
4.37%
YTD
21.02%
6M
26.87%
1Y
85.51%
3Y*
46.38%
5Y*
28.15%
10Y*
15.16%

LOUP

1D
-0.93%
1M
5.80%
YTD
20.89%
6M
21.07%
1Y
63.99%
3Y*
32.56%
5Y*
11.27%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPU vs. LOUP - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EPU
iShares MSCI Peru ETF		21.02%86.87%21.73%25.34%2.05%-11.81%-4.31%7.30%-10.99%
LOUP
Innovator Deepwater Frontier Tech ETF		20.89%43.24%21.80%51.31%-46.00%7.54%86.25%31.76%-18.86%

Correlation

The correlation between EPU and LOUP is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Jul 25, 2018

0.48

EPU vs. LOUP - Sectors Allocation Comparison

Sectors
EPU
LOUP

Basic Materials

54.2%

-

Financial Services

27.9%
2.6%

Consumer Cyclical

4.1%
8.9%

Consumer Defensive

3.0%

-

Real Estate

3.0%

-

Utilities

2.8%
3.0%

Industrials

2.6%
17.6%

Communication Services

1.5%
17.0%

Healthcare

0.9%
2.6%

Energy

-

2.7%

Technology

-

45.6%

Basic Materials

EPU
54.2%
LOUP

-

Financial Services

EPU
27.9%
LOUP
2.6%

Consumer Cyclical

EPU
4.1%
LOUP
8.9%

Consumer Defensive

EPU
3.0%
LOUP

-

Real Estate

EPU
3.0%
LOUP

-

Utilities

EPU
2.8%
LOUP
3.0%

Industrials

EPU
2.6%
LOUP
17.6%

Communication Services

EPU
1.5%
LOUP
17.0%

Healthcare

EPU
0.9%
LOUP
2.6%

Energy

EPU

-

LOUP
2.7%

Technology

EPU

-

LOUP
45.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Peru ETF

Innovator Deepwater Frontier Tech ETF

Often compared with EPU:
EPU vs. ECHEPU vs. ILFEPU vs. ARGTEPU vs. EISEPU vs. EVXEPU vs. EWSEPU vs. EPI
Often compared with LOUP:
LOUP vs. FFTYLOUP vs. QQQLOUP vs. DINTLOUP vs. VOOLOUP vs. AIQLOUP vs. IRBOLOUP vs. XLK

Return for Risk

EPU vs. LOUP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPU
EPU Risk / Return Rank: 8282
Overall Rank
EPU Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
EPU Sortino Ratio Rank: 8181
Sortino Ratio Rank
EPU Omega Ratio Rank: 8383
Omega Ratio Rank
EPU Calmar Ratio Rank: 8585
Calmar Ratio Rank
EPU Martin Ratio Rank: 7272
Martin Ratio Rank
LOUP
LOUP Risk / Return Rank: 6565
Overall Rank
LOUP Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
LOUP Sortino Ratio Rank: 6464
Sortino Ratio Rank
LOUP Omega Ratio Rank: 6262
Omega Ratio Rank
LOUP Calmar Ratio Rank: 6666
Calmar Ratio Rank
LOUP Martin Ratio Rank: 6161
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EPU vs. LOUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Peru ETF (EPU) and Innovator Deepwater Frontier Tech ETF (LOUP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

EPULOUPDifference
Sharpe ratioReturn per unit of total volatility
2.73
2.06

+0.67

Sortino ratioReturn per unit of downside risk
3.14
2.59

+0.55

Omega ratioGain probability vs. loss probability

1.43

1.33

+0.10

Calmar ratioReturn relative to maximum drawdown

4.07

2.91

+1.16

Martin ratioReturn relative to average drawdown

11.73

9.66

+2.07

EPU vs. LOUP - Sharpe Ratio Comparison

The current EPU Sharpe Ratio is 2.73, which is higher than the LOUP Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of EPU and LOUP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EPU vs. LOUP - Drawdown Comparison

The maximum EPU drawdown since its inception was -60.62%, roughly equal to the maximum LOUP drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for EPU and LOUP.

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Drawdown Indicators

EPULOUPDifference

Max Drawdown

Largest peak-to-trough decline

-60.62%

-58.68%

-1.94%

Max Drawdown (1Y)

Largest decline over 1 year

-20.85%

-21.00%

+0.15%

Max Drawdown (3Y)

Largest decline over 3 years

-20.85%

-35.23%

+14.38%

Max Drawdown (5Y)

Largest decline over 5 years

-35.59%

-55.63%

+20.04%

Max Drawdown (10Y)

Largest decline over 10 years

-50.97%

—

—

Current Drawdown

Current decline from peak

-6.69%

-7.47%

+0.78%

Average Drawdown

Average peak-to-trough decline

-18.81%

-19.99%

+1.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.22%

6.31%

+0.91%

Volatility

EPU vs. LOUP - Volatility Comparison

iShares MSCI Peru ETF (EPU) has a higher volatility of 13.52% compared to Innovator Deepwater Frontier Tech ETF (LOUP) at 11.16%. This indicates that EPU's price experiences larger fluctuations and is considered to be riskier than LOUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EPULOUPDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.52%

11.16%

+2.36%

Volatility (6M)

Calculated over the trailing 6-month period

26.94%

23.42%

+3.52%

Volatility (1Y)

Calculated over the trailing 1-year period

31.04%

29.60%

+1.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.11%

32.56%

-7.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.64%

32.03%

-8.39%

EPU vs. LOUP - Expense Ratio Comparison

EPU has a 0.59% expense ratio, which is lower than LOUP's 0.70% expense ratio.

Dividends

EPU vs. LOUP - Dividend Comparison

EPU's dividend yield for the trailing twelve months is around 1.35%, while LOUP has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EPU
iShares MSCI Peru ETF		1.35%1.63%5.78%4.17%5.56%3.13%1.91%2.67%1.53%3.30%0.85%1.90%
LOUP
Innovator Deepwater Frontier Tech ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EPU and LOUP have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EPU has higher volatility (13.52%) compared to LOUP (11.16%). In terms of maximum drawdown, EPU dropped -60.62% vs LOUP's -58.68%.

On 5-year performance, EPU leads with 28.15% vs 11.27% for LOUP. On fees, EPU is cheaper at 0.59% per year. On volatility, LOUP has been the lower-risk option at 11.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EPU has performed better with a 28.15% return vs 11.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EPU is cheaper with a 0.59% expense ratio, compared with 0.70% for LOUP.

EPU has the higher dividend yield at 1.35%, compared with 0.00% for LOUP.

EPU is categorized as Mid Cap Blend Equities, while LOUP is Technology Equities. EPU tracks MSCI All Peru Capped Index, while LOUP tracks Deepwater Frontier Tech Index. They also come from different issuers: iShares and Innovator. Their fees differ too: 0.59% for EPU and 0.70% for LOUP.

EPU currently has the higher Sharpe Ratio (2.73 vs 2.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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