IGTR vs. LOUP

Last updated Jun 4, 2026

IGTR (Innovator Gradient Tactical Rotation Strategy ETF) and LOUP (Innovator Deepwater Frontier Tech ETF) are both exchange-traded funds - IGTR is a Global Equities fund actively managed by Innovator, while LOUP is a Technology Equities fund tracking the Deepwater Frontier Tech Index. IGTR is actively managed, while LOUP is passively managed. Over the past 3 years, IGTR returned 17.59%/yr vs 37.37%/yr for LOUP. A 0.66 correlation means they provide meaningful diversification when combined. IGTR charges 0.80%/yr vs 0.70%/yr for LOUP.

Performance

IGTR vs. LOUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Gradient Tactical Rotation Strategy ETF (IGTR) and Innovator Deepwater Frontier Tech ETF (LOUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGTR achieves a 21.49% return, which is significantly lower than LOUP's 28.21% return.

IGTR

• 1D: -0.47%
• 1M: 13.18%
• YTD: 21.49%
• 6M: 24.80%
• 1Y: 43.30%
• 3Y*: 17.59%
• 5Y*: —
• 10Y*: —

LOUP

• 1D: -1.87%
• 1M: 18.57%
• YTD: 28.21%
• 6M: 26.83%
• 1Y: 75.49%
• 3Y*: 37.37%
• 5Y*: 12.98%
• 10Y*: —

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

IGTR vs. LOUP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGTR Innovator Gradient Tactical Rotation Strategy ETF	21.49%	15.25%	4.02%	-0.31%	-2.08%
LOUP Innovator Deepwater Frontier Tech ETF	28.21%	43.24%	21.80%	51.31%	-8.14%

Correlation

The correlation between IGTR and LOUP is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Nov 18, 2022	0.66

The correlation between IGTR and LOUP has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

IGTR vs. LOUP - Sectors Allocation Comparison

Sectors	IGTR	LOUP
Financial Services	25.7%	4.5%
Industrials	20.7%	20.0%
Technology	13.2%	51.0%
Healthcare	8.2%	2.7%
Consumer Cyclical	8.1%	5.5%
Basic Materials	8.1%	-
Energy	4.8%	2.9%
Real Estate	3.5%	-
Consumer Defensive	3.3%	-
Communication Services	2.4%	10.6%
Utilities	2.0%	2.8%

Return for Risk

IGTR vs. LOUP — Risk / Return Rank

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

IGTR

IGTR Risk / Return Rank: 71
IGTR Sharpe Ratio Rank: 70
IGTR Sortino Ratio Rank: 66
IGTR Omega Ratio Rank: 66
IGTR Calmar Ratio Rank: 77
IGTR Martin Ratio Rank: 74

LOUP

LOUP Risk / Return Rank: 71
LOUP Sharpe Ratio Rank: 81
LOUP Sortino Ratio Rank: 70
LOUP Omega Ratio Rank: 67
LOUP Calmar Ratio Rank: 72
LOUP Martin Ratio Rank: 67

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.

IGTR vs. LOUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Gradient Tactical Rotation Strategy ETF (IGTR) 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.

	IGTR	LOUP	Difference
Sharpe ratio: Return per unit of total volatility	2.25	2.66	-0.41
Sortino ratio: Return per unit of downside risk	3.00	3.21	-0.21
Omega ratio: Gain probability vs. loss probability	1.39	1.41	-0.01
Calmar ratio: Return relative to maximum drawdown	3.89	3.61	+0.28
Martin ratio: Return relative to average drawdown	13.97	12.23	+1.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGTR vs. LOUP - Sharpe Ratio Comparison

The current IGTR Sharpe Ratio is 2.25, which is comparable to the LOUP Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of IGTR 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.

Sharpe Ratios by Period

	IGTR	LOUP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	2.66	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.59	+0.04

Drawdowns

IGTR vs. LOUP - Drawdown Comparison

The maximum IGTR drawdown since its inception was -20.06%, smaller than the maximum LOUP drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for IGTR and LOUP.

Drawdown Indicators

	IGTR	LOUP	Difference
Max Drawdown Largest peak-to-trough decline	-20.06%	-58.68%	+38.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	-21.00%	+9.82%
Max Drawdown (3Y) Largest decline over 3 years	-20.06%	-35.23%	+15.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-55.63%	—
Current Drawdown Current decline from peak	-0.47%	-1.87%	+1.40%
Average Drawdown Average peak-to-trough decline	-6.97%	-20.04%	+13.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	6.19%	-3.08%

Volatility

IGTR vs. LOUP - Volatility Comparison

The current volatility for Innovator Gradient Tactical Rotation Strategy ETF (IGTR) is 7.29%, while Innovator Deepwater Frontier Tech ETF (LOUP) has a volatility of 8.23%. This indicates that IGTR 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

	IGTR	LOUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.29%	8.23%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	13.97%	21.94%	-7.97%
Volatility (1Y) Calculated over the trailing 1-year period	19.32%	28.51%	-9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	32.38%	-15.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	31.96%	-15.14%

IGTR vs. LOUP - Expense Ratio Comparison

IGTR has a 0.80% expense ratio, which is higher than LOUP's 0.70% expense ratio.

Dividends

IGTR vs. LOUP - Dividend Comparison

IGTR's dividend yield for the trailing twelve months is around 0.66%, while LOUP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
IGTR Innovator Gradient Tactical Rotation Strategy ETF	0.66%	0.80%	2.40%	0.87%	0.31%
LOUP Innovator Deepwater Frontier Tech ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGTR and LOUP in my portfolio?

IGTR and LOUP have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGTR or LOUP?

LOUP has higher volatility (8.23%) compared to IGTR (7.29%). In terms of maximum drawdown, IGTR dropped -20.06% vs LOUP's -58.68%.

Which ETF is better, IGTR or LOUP?

On 3-year performance, LOUP leads with 37.37% vs 17.59% for IGTR. On fees, LOUP is cheaper at 0.70% per year. On volatility, IGTR has been the lower-risk option at 7.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGTR or LOUP?

Over the 3-year period, LOUP has performed better with a 37.37% return vs 17.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGTR or LOUP?

LOUP is cheaper with a 0.70% expense ratio, compared with 0.80% for IGTR.

Which ETF pays a higher dividend yield, IGTR or LOUP?

IGTR has the higher dividend yield at 0.66%, compared with 0.00% for LOUP.

What is the main difference between IGTR and LOUP?

IGTR is categorized as Global Equities, while LOUP is Technology Equities. Their fees differ too: 0.80% for IGTR and 0.70% for LOUP.

Which has better risk-adjusted returns?

LOUP currently has the higher Sharpe Ratio (2.66 vs 2.25), 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.