LOUP vs. AIQ

Last updated Aug 2, 2026

LOUP (Innovator Deepwater Frontier Tech ETF) and AIQ (Global X Artificial Intelligence & Technology ETF) are both exchange-traded funds - LOUP is a Technology Equities fund tracking the Deepwater Frontier Tech Index, while AIQ is a Artificial Intelligence fund tracking the Indxx Artificial Intelligence & Big Data Index. Both are passively managed. Over the past 5 years, LOUP returned 10.70%/yr vs 14.37%/yr for AIQ. Their correlation of 0.87 means they have usually moved in the same direction. LOUP charges 0.70%/yr vs 0.68%/yr for AIQ.

Performance

LOUP vs. AIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Deepwater Frontier Tech ETF (LOUP) and Global X Artificial Intelligence & Technology ETF (AIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LOUP achieves a 11.39% return, which is significantly lower than AIQ's 15.79% return.

LOUP

• 1D: -1.29%
• 1M: -11.40%
• 6M: 9.89%
• YTD: 11.39%
• 1Y: 37.12%
• 3Y*: 27.47%
• 5Y*: 10.70%
• 10Y*: —
• ALL TIME*: 16.49%

AIQ

• 1D: 0.34%
• 1M: -4.79%
• 6M: 13.32%
• YTD: 15.79%
• 1Y: 35.59%
• 3Y*: 26.21%
• 5Y*: 14.37%
• 10Y*: —
• ALL TIME*: 18.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIQ Global X Artificial Intelligence & Technology ETF	$120.56M	$130.50M	$165.49M
LOUP Innovator Deepwater Frontier Tech ETF	$926.73K	$920.97K	$1.38M

LOUP vs. AIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LOUP Innovator Deepwater Frontier Tech ETF	11.39%	43.24%	21.80%	51.31%	-46.00%	7.54%	86.25%	31.76%	-18.86%
AIQ Global X Artificial Intelligence & Technology ETF	15.79%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	39.94%	-16.92%

Correlation

The correlation between LOUP and AIQ is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Jul 25, 2018	0.87

The correlation between LOUP and AIQ has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

LOUP vs. AIQ - Sectors Allocation Comparison

Sectors	LOUP	AIQ
Technology	57.5%	78.8%
Industrials	16.0%	3.6%
Consumer Cyclical	10.2%	6.6%
Utilities	3.6%	-
Financial Services	3.6%	0.5%
Energy	3.2%	-
Communication Services	3.0%	10.1%
Healthcare	2.8%	0.4%
Basic Materials	-	-
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

LOUP vs. AIQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LOUP

LOUP Risk / Return Rank: 42
LOUP Sharpe Ratio Rank: 42
LOUP Sortino Ratio Rank: 41
LOUP Omega Ratio Rank: 38
LOUP Calmar Ratio Rank: 44
LOUP Martin Ratio Rank: 42

AIQ

AIQ Risk / Return Rank: 45
AIQ Sharpe Ratio Rank: 46
AIQ Sortino Ratio Rank: 44
AIQ Omega Ratio Rank: 44
AIQ Calmar Ratio Rank: 45
AIQ Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LOUP vs. AIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Deepwater Frontier Tech ETF (LOUP) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.

	LOUP	AIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.13	-0.09
Sortino ratio: Return per unit of downside risk	1.54	1.60	-0.06
Omega ratio: Gain probability vs. loss probability	1.18	1.20	-0.02
Calmar ratio: Return relative to maximum drawdown	1.55	1.60	-0.05
Martin ratio: Return relative to average drawdown	4.59	4.82	-0.23

LOUP vs. AIQ - Sharpe Ratio Comparison

The current LOUP Sharpe Ratio is 1.05, which is comparable to the AIQ Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of LOUP and AIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LOUP vs. AIQ - Drawdown Comparison

The maximum LOUP drawdown since its inception was -58.68%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for LOUP and AIQ.

Drawdown Indicators

	LOUP	AIQ	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-44.66%	-14.02%
Max Drawdown (1Y) Largest decline over 1 year	-21.00%	-20.19%	-0.81%
Max Drawdown (3Y) Largest decline over 3 years	-35.23%	-26.35%	-8.88%
Max Drawdown (5Y) Largest decline over 5 years	-55.63%	-44.66%	-10.97%
Current Drawdown Current decline from peak	-14.75%	-16.04%	+1.29%
Average Drawdown Average peak-to-trough decline	-19.79%	-9.82%	-9.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.09%	6.71%	+0.38%

Volatility

LOUP vs. AIQ - Volatility Comparison

The current volatility for Innovator Deepwater Frontier Tech ETF (LOUP) is 9.47%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 10.41%. This indicates that LOUP experiences smaller price fluctuations and is considered to be less risky than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LOUP	AIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.47%	10.41%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	25.04%	24.84%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	31.22%	28.57%	+2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.84%	26.42%	+6.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.07%	25.98%	+6.09%

LOUP vs. AIQ - Expense Ratio Comparison

LOUP has a 0.70% expense ratio, which is higher than AIQ's 0.68% expense ratio.

Dividends

LOUP vs. AIQ - Dividend Comparison

LOUP has not paid dividends to shareholders, while AIQ's dividend yield for the trailing twelve months is around 0.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AIQ Global X Artificial Intelligence & Technology ETF	0.08%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%
LOUP Innovator Deepwater Frontier Tech ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LOUP and AIQ in my portfolio?

LOUP and AIQ have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOUP or AIQ?

AIQ has higher volatility (10.41%) compared to LOUP (9.47%). In terms of maximum drawdown, LOUP dropped -58.68% vs AIQ's -44.66%.

Which ETF is better, LOUP or AIQ?

On 5-year performance, AIQ leads with 14.37% vs 10.70% for LOUP. On fees, AIQ is cheaper at 0.68% per year. On volatility, LOUP has been the lower-risk option at 9.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LOUP or AIQ?

Over the 5-year period, AIQ has performed better with a 14.37% return vs 10.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LOUP or AIQ?

AIQ is cheaper with a 0.68% expense ratio, compared with 0.70% for LOUP.

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

AIQ has the higher dividend yield at 0.08%, compared with 0.00% for LOUP.

What is the main difference between LOUP and AIQ?

LOUP is categorized as Technology Equities, while AIQ is Artificial Intelligence. LOUP tracks Deepwater Frontier Tech Index, while AIQ tracks Indxx Artificial Intelligence & Big Data Index. They also come from different issuers: Innovator and Global X. Their fees differ too: 0.70% for LOUP and 0.68% for AIQ.

Which has better risk-adjusted returns?

AIQ currently has the higher Sharpe Ratio (1.13 vs 1.05), 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.