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ITB vs. LOUP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ITB vs. LOUP

Last updated Jun 14, 2026

ITB (iShares U.S. Home Construction ETF) and LOUP (Innovator Deepwater Frontier Tech ETF) are both exchange-traded funds - ITB is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index, while LOUP is a Technology Equities fund tracking the Deepwater Frontier Tech Index. Both are passively managed. Over the past 5 years, ITB returned 8.18%/yr vs 11.27%/yr for LOUP. A 0.50 correlation means they provide meaningful diversification when combined. ITB charges 0.38%/yr vs 0.70%/yr for LOUP.

Performance

ITB vs. LOUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Home Construction ETF (ITB) 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

In the year-to-date period, ITB achieves a 0.87% return, which is significantly lower than LOUP's 20.89% return.

ITB

1D
-0.81%
1M
8.40%
YTD
0.87%
6M
-5.10%
1Y
8.65%
3Y*
7.35%
5Y*
8.18%
10Y*
14.45%

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)

ITB vs. LOUP - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ITB
iShares U.S. Home Construction ETF		0.87%-5.26%2.06%68.91%-26.26%49.25%26.42%48.70%-21.00%
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 ITB and LOUP is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.24

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

0.37

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

0.50

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

0.50

Over the past year, the correlation between ITB and LOUP has dropped to 0.24 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

ITB vs. LOUP - Sectors Allocation Comparison

Sectors
ITB
LOUP

Consumer Cyclical

71.3%
8.9%

Industrials

19.5%
17.6%

Basic Materials

8.7%

-

Real Estate

0.5%

-

Communication Services

-

17.0%

Consumer Defensive

-

-

Energy

-

2.7%

Financial Services

-

2.6%

Healthcare

-

2.6%

Technology

-

45.6%

Utilities

-

3.0%

Consumer Cyclical

ITB
71.3%
LOUP
8.9%

Industrials

ITB
19.5%
LOUP
17.6%

Basic Materials

ITB
8.7%
LOUP

-

Real Estate

ITB
0.5%
LOUP

-

Communication Services

ITB

-

LOUP
17.0%

Consumer Defensive

ITB

-

LOUP

-

Energy

ITB

-

LOUP
2.7%

Financial Services

ITB

-

LOUP
2.6%

Healthcare

ITB

-

LOUP
2.6%

Technology

ITB

-

LOUP
45.6%

Utilities

ITB

-

LOUP
3.0%

Compare stocks, funds, or ETFs

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

iShares U.S. Home Construction ETF

Innovator Deepwater Frontier Tech ETF

Often compared with ITB:
ITB vs. XHBITB vs. NAILITB vs. SPYITB vs. PKBITB vs. XLREITB vs. FSHOXITB vs. VGT
Often compared with LOUP:
LOUP vs. FFTYLOUP vs. QQQLOUP vs. DINTLOUP vs. VOOLOUP vs. AIQLOUP vs. IRBOLOUP vs. XLK

Return for Risk

ITB vs. LOUP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ITB
ITB Risk / Return Rank: 1212
Overall Rank
ITB Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
ITB Sortino Ratio Rank: 1414
Sortino Ratio Rank
ITB Omega Ratio Rank: 1313
Omega Ratio Rank
ITB Calmar Ratio Rank: 1212
Calmar Ratio Rank
ITB Martin Ratio Rank: 1111
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.

ITB vs. LOUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Home Construction ETF (ITB) 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.

ITBLOUPDifference
Sharpe ratioReturn per unit of total volatility
0.18
2.06

-1.88

Sortino ratioReturn per unit of downside risk
0.53
2.59

-2.06

Omega ratioGain probability vs. loss probability

1.06

1.33

-0.27

Calmar ratioReturn relative to maximum drawdown

0.21

2.91

-2.69

Martin ratioReturn relative to average drawdown

0.41

9.66

-9.25

ITB vs. LOUP - Sharpe Ratio Comparison

The current ITB Sharpe Ratio is 0.18, which is lower than the LOUP Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of ITB 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

ITB vs. LOUP - Drawdown Comparison

The maximum ITB drawdown since its inception was -86.53%, which is greater than LOUP's maximum drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for ITB and LOUP.

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Drawdown Indicators

ITBLOUPDifference

Max Drawdown

Largest peak-to-trough decline

-86.53%

-58.68%

-27.85%

Max Drawdown (1Y)

Largest decline over 1 year

-26.04%

-21.00%

-5.04%

Max Drawdown (3Y)

Largest decline over 3 years

-33.35%

-35.23%

+1.88%

Max Drawdown (5Y)

Largest decline over 5 years

-40.55%

-55.63%

+15.08%

Max Drawdown (10Y)

Largest decline over 10 years

-52.10%

—

—

Current Drawdown

Current decline from peak

-23.53%

-7.47%

-16.06%

Average Drawdown

Average peak-to-trough decline

-37.08%

-19.99%

-17.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.45%

6.31%

+7.14%

Volatility

ITB vs. LOUP - Volatility Comparison

The current volatility for iShares U.S. Home Construction ETF (ITB) is 9.26%, while Innovator Deepwater Frontier Tech ETF (LOUP) has a volatility of 11.16%. This indicates that ITB 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.

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Volatility by Period

ITBLOUPDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.26%

11.16%

-1.90%

Volatility (6M)

Calculated over the trailing 6-month period

20.89%

23.42%

-2.53%

Volatility (1Y)

Calculated over the trailing 1-year period

29.90%

29.60%

+0.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.29%

32.56%

-3.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.05%

32.03%

-1.98%

ITB vs. LOUP - Expense Ratio Comparison

ITB has a 0.38% expense ratio, which is lower than LOUP's 0.70% expense ratio.

Dividends

ITB vs. LOUP - Dividend Comparison

ITB's dividend yield for the trailing twelve months is around 1.17%, while LOUP has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ITB
iShares U.S. Home Construction ETF		1.17%1.67%0.46%0.48%0.86%0.37%0.46%0.50%0.63%0.28%0.43%0.34%
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

ITB and LOUP have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LOUP has higher volatility (11.16%) compared to ITB (9.26%). In terms of maximum drawdown, ITB dropped -86.53% vs LOUP's -58.68%.

On 5-year performance, LOUP leads with 11.27% vs 8.18% for ITB. On fees, ITB is cheaper at 0.38% per year. On volatility, ITB has been the lower-risk option at 9.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, LOUP has performed better with a 11.27% return vs 8.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ITB is cheaper with a 0.38% expense ratio, compared with 0.70% for LOUP.

ITB has the higher dividend yield at 1.17%, compared with 0.00% for LOUP.

ITB is categorized as Building & Construction, while LOUP is Technology Equities. ITB tracks Dow Jones U.S. Select Home Construction Index, while LOUP tracks Deepwater Frontier Tech Index. They also come from different issuers: iShares and Innovator. Their fees differ too: 0.38% for ITB and 0.70% for LOUP.

LOUP currently has the higher Sharpe Ratio (2.06 vs 0.18), 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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