KMAR vs. LOUP
KMAR (Innovator U.S. Small Cap Power Buffer ETF - March) and LOUP (Innovator Deepwater Frontier Tech ETF) are both exchange-traded funds - KMAR is a Defined Outcome fund tracking the iShares Russell 2000 ETF (IWM) Price Return, while LOUP is a Technology Equities fund tracking the Deepwater Frontier Tech Index. Both are passively managed. Over the past year, KMAR returned 23.24% vs 75.49% for LOUP. A 0.69 correlation means they provide meaningful diversification when combined. KMAR charges 0.79%/yr vs 0.70%/yr for LOUP.
Performance
KMAR vs. LOUP - Performance Comparison
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Returns By Period
In the year-to-date period, KMAR achieves a 9.54% return, which is significantly lower than LOUP's 28.21% return.
KMAR
- 1D
- -0.70%
- 1M
- 1.55%
- YTD
- 9.54%
- 6M
- 10.29%
- 1Y
- 23.24%
- 3Y*
- —
- 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*
- —
KMAR vs. LOUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KMAR Innovator U.S. Small Cap Power Buffer ETF - March | 9.54% | 13.62% |
LOUP Innovator Deepwater Frontier Tech ETF | 28.21% | 48.28% |
Correlation
The correlation between KMAR and LOUP is 0.64, 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 | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2025 | 0.69 |
The correlation between KMAR and LOUP has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
KMAR vs. LOUP — Risk / Return Rank
KMAR
LOUP
KMAR vs. LOUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Small Cap Power Buffer ETF - March (KMAR) 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.
| KMAR | LOUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.41 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.77 | 3.61 | +1.16 |
| Martin ratioReturn relative to average drawdown | 19.58 | 12.23 | +7.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KMAR | LOUP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.66 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.59 | 0.59 | +1.00 |
Drawdowns
KMAR vs. LOUP - Drawdown Comparison
The maximum KMAR drawdown since its inception was -10.06%, smaller than the maximum LOUP drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for KMAR and LOUP.
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Drawdown Indicators
| KMAR | LOUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -58.68% | +48.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.89% | -21.00% | +16.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.63% | — |
Current DrawdownCurrent decline from peak | -0.70% | -1.87% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -20.04% | +18.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 6.19% | -5.00% |
Volatility
KMAR vs. LOUP - Volatility Comparison
The current volatility for Innovator U.S. Small Cap Power Buffer ETF - March (KMAR) is 2.55%, while Innovator Deepwater Frontier Tech ETF (LOUP) has a volatility of 8.23%. This indicates that KMAR 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
| KMAR | LOUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 8.23% | -5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 6.32% | 21.94% | -15.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.32% | 28.51% | -19.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 32.38% | -20.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.08% | 31.96% | -19.88% |
KMAR vs. LOUP - Expense Ratio Comparison
KMAR has a 0.79% expense ratio, which is higher than LOUP's 0.70% expense ratio.
Dividends
KMAR vs. LOUP - Dividend Comparison
Neither KMAR nor LOUP has paid dividends to shareholders.
Frequently Asked Questions
KMAR and LOUP have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LOUP has higher volatility (8.23%) compared to KMAR (2.55%). In terms of maximum drawdown, KMAR dropped -10.06% vs LOUP's -58.68%.
On 1-year performance, LOUP leads with 75.49% vs 23.24% for KMAR. On fees, LOUP is cheaper at 0.70% per year. On volatility, KMAR has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LOUP has performed better with a 75.49% return vs 23.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LOUP is cheaper with a 0.70% expense ratio, compared with 0.79% for KMAR.
KMAR and LOUP have nearly identical dividend yields, around 0.00%.
KMAR is categorized as Defined Outcome, while LOUP is Technology Equities. KMAR tracks iShares Russell 2000 ETF (IWM) Price Return, while LOUP tracks Deepwater Frontier Tech Index. Their fees differ too: 0.79% for KMAR and 0.70% for LOUP.
LOUP currently has the higher Sharpe Ratio (2.66 vs 2.52), 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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