IAUG vs. LOUP

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator International Developed Power Buffer ETF (IAUG) and Innovator Deepwater Frontier Tech ETF (LOUP).

IAUG and LOUP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAUG is an actively managed fund by Innovator. It was launched on Jul 31, 2024. LOUP is a passively managed fund by Innovator that tracks the performance of the Deepwater Frontier Tech Index. It was launched on Jul 24, 2018.

Performance

IAUG vs. LOUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF (IAUG) and Innovator Deepwater Frontier Tech ETF (LOUP). The values are adjusted to include any dividend payments, if applicable.

IAUG vs. LOUP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IAUG Innovator International Developed Power Buffer ETF	0.68%	17.50%	-1.12%
LOUP Innovator Deepwater Frontier Tech ETF	-9.90%	43.24%	25.35%

Returns By Period

In the year-to-date period, IAUG achieves a 0.68% return, which is significantly higher than LOUP's -9.90% return.

IAUG

• 1D: 1.58%
• 1M: -2.83%
• YTD: 0.68%
• 6M: 2.81%
• 1Y: 13.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LOUP

• 1D: 5.39%
• 1M: -8.01%
• YTD: -9.90%
• 6M: -6.82%
• 1Y: 51.60%
• 3Y*: 24.76%
• 5Y*: 4.49%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IAUG vs. LOUP - Expense Ratio Comparison

IAUG has a 0.85% expense ratio, which is higher than LOUP's 0.70% expense ratio.

IAUG

Innovator International Developed Power Buffer ETF

LOUP

Innovator Deepwater Frontier Tech ETF

Return for Risk

IAUG vs. LOUP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IAUG

IAUG Risk / Return Rank: 75
IAUG Sharpe Ratio Rank: 74
IAUG Sortino Ratio Rank: 76
IAUG Omega Ratio Rank: 73
IAUG Calmar Ratio Rank: 79
IAUG Martin Ratio Rank: 74

LOUP

LOUP Risk / Return Rank: 80
LOUP Sharpe Ratio Rank: 80
LOUP Sortino Ratio Rank: 81
LOUP Omega Ratio Rank: 77
LOUP Calmar Ratio Rank: 83
LOUP Martin Ratio Rank: 77

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.

IAUG vs. LOUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF (IAUG) 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.

	IAUG	LOUP	Difference
Sharpe ratio Return per unit of total volatility	1.34	1.48	-0.14
Sortino ratio Return per unit of downside risk	1.94	2.08	-0.14
Omega ratio Gain probability vs. loss probability	1.27	1.29	-0.02
Calmar ratio Return relative to maximum drawdown	2.14	2.34	-0.20
Martin ratio Return relative to average drawdown	7.83	8.09	-0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAUG vs. LOUP - Sharpe Ratio Comparison

The current IAUG Sharpe Ratio is 1.34, which is comparable to the LOUP Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of IAUG and LOUP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IAUG	LOUP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	1.48	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.44	+0.64

Correlation

The correlation between IAUG and LOUP is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IAUG vs. LOUP - Dividend Comparison

Neither IAUG nor LOUP has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IAUG vs. LOUP - Drawdown Comparison

The maximum IAUG drawdown since its inception was -8.03%, smaller than the maximum LOUP drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for IAUG and LOUP.

Drawdown Indicators

	IAUG	LOUP	Difference
Max Drawdown Largest peak-to-trough decline	-8.03%	-58.68%	+50.65%
Max Drawdown (1Y) Largest decline over 1 year	-5.77%	-21.00%	+15.23%
Max Drawdown (5Y) Largest decline over 5 years	—	-55.63%	—
Current Drawdown Current decline from peak	-3.03%	-16.74%	+13.71%
Average Drawdown Average peak-to-trough decline	-1.75%	-20.42%	+18.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	6.07%	-4.50%

Volatility

IAUG vs. LOUP - Volatility Comparison

The current volatility for Innovator International Developed Power Buffer ETF (IAUG) is 3.63%, while Innovator Deepwater Frontier Tech ETF (LOUP) has a volatility of 10.91%. This indicates that IAUG experiences smaller price fluctuations and is considered to be less risky than LOUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAUG	LOUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	10.91%	-7.28%
Volatility (6M) Calculated over the trailing 6-month period	5.12%	21.85%	-16.73%
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	35.07%	-25.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.25%	32.19%	-22.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.25%	31.98%	-22.73%