LOUP vs. ASMH

Last updated Jul 17, 2026

LOUP (Innovator Deepwater Frontier Tech ETF) and ASMH (ASML Holding NV ADR Hedged ETF) are both Technology Equities funds - LOUP tracks the Deepwater Frontier Tech Index while ASMH tracks the ASML Holding NV Sponsored ADR. Both are passively managed. Over the past year, LOUP returned 44.55% vs 143.52% for ASMH. A 0.59 correlation means they provide meaningful diversification when combined. LOUP charges 0.70%/yr vs 0.19%/yr for ASMH.

Performance

LOUP vs. ASMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Deepwater Frontier Tech ETF (LOUP) and ASML Holding NV ADR Hedged ETF (ASMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LOUP achieves a 17.46% return, which is significantly lower than ASMH's 71.44% return.

LOUP

• 1D: -2.46%
• 1M: -4.18%
• 6M: 10.42%
• YTD: 17.46%
• 1Y: 44.55%
• 3Y*: 29.70%
• 5Y*: 12.28%
• 10Y*: —

ASMH

• 1D: -2.11%
• 1M: 0.25%
• 6M: 36.58%
• YTD: 71.44%
• 1Y: 143.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LOUP vs. ASMH - Yearly Performance Comparison

	2026 (YTD)	2025
LOUP Innovator Deepwater Frontier Tech ETF	17.46%	75.90%
ASMH ASML Holding NV ADR Hedged ETF	71.44%	59.22%

Correlation

The correlation between LOUP and ASMH is 0.61, 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	0.61
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.59

The correlation between LOUP and ASMH has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.

Return for Risk

LOUP vs. ASMH — Risk / Return Rank

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

LOUP

LOUP Risk / Return Rank: 50
LOUP Sharpe Ratio Rank: 53
LOUP Sortino Ratio Rank: 49
LOUP Omega Ratio Rank: 47
LOUP Calmar Ratio Rank: 53
LOUP Martin Ratio Rank: 51

ASMH

ASMH Risk / Return Rank: 95
ASMH Sharpe Ratio Rank: 97
ASMH Sortino Ratio Rank: 93
ASMH Omega Ratio Rank: 89
ASMH Calmar Ratio Rank: 98
ASMH Martin Ratio Rank: 96

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.

LOUP vs. ASMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Deepwater Frontier Tech ETF (LOUP) and ASML Holding NV ADR Hedged ETF (ASMH). 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	ASMH	Difference
Sharpe ratio: Return per unit of total volatility	1.47	3.37	-1.89
Sortino ratio: Return per unit of downside risk	1.99	3.73	-1.73
Omega ratio: Gain probability vs. loss probability	1.24	1.45	-0.21
Calmar ratio: Return relative to maximum drawdown	2.13	9.79	-7.66
Martin ratio: Return relative to average drawdown	6.84	28.17	-21.33

LOUP vs. ASMH - Sharpe Ratio Comparison

The current LOUP Sharpe Ratio is 1.47, which is lower than the ASMH Sharpe Ratio of 3.37. The chart below compares the historical Sharpe Ratios of LOUP and ASMH, 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. ASMH - Drawdown Comparison

The maximum LOUP drawdown since its inception was -58.68%, which is greater than ASMH's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for LOUP and ASMH.

Drawdown Indicators

	LOUP	ASMH	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-15.89%	-42.79%
Max Drawdown (1Y) Largest decline over 1 year	-21.00%	-14.75%	-6.25%
Max Drawdown (3Y) Largest decline over 3 years	-35.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-55.63%	—	—
Current Drawdown Current decline from peak	-10.10%	-10.51%	+0.41%
Average Drawdown Average peak-to-trough decline	-19.83%	-4.41%	-15.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.53%	5.17%	+1.36%

Volatility

LOUP vs. ASMH - Volatility Comparison

The current volatility for Innovator Deepwater Frontier Tech ETF (LOUP) is 9.42%, while ASML Holding NV ADR Hedged ETF (ASMH) has a volatility of 18.11%. This indicates that LOUP experiences smaller price fluctuations and is considered to be less risky than ASMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LOUP	ASMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.42%	18.11%	-8.69%
Volatility (6M) Calculated over the trailing 6-month period	24.24%	34.14%	-9.90%
Volatility (1Y) Calculated over the trailing 1-year period	30.37%	43.78%	-13.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.76%	41.26%	-8.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.04%	41.26%	-9.22%

LOUP vs. ASMH - Expense Ratio Comparison

LOUP has a 0.70% expense ratio, which is higher than ASMH's 0.19% expense ratio.

Dividends

LOUP vs. ASMH - Dividend Comparison

LOUP has not paid dividends to shareholders, while ASMH's dividend yield for the trailing twelve months is around 1.63%.

Position	TTM	2025
ASMH ASML Holding NV ADR Hedged ETF	1.63%	0.19%
LOUP Innovator Deepwater Frontier Tech ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both LOUP and ASMH in my portfolio?

LOUP and ASMH have a correlation of 0.61, 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 ASMH?

ASMH has higher volatility (18.11%) compared to LOUP (9.42%). In terms of maximum drawdown, LOUP dropped -58.68% vs ASMH's -15.89%.

Which ETF is better, LOUP or ASMH?

On 1-year performance, ASMH leads with 143.52% vs 44.55% for LOUP. On fees, ASMH is cheaper at 0.19% per year. On volatility, LOUP has been the lower-risk option at 9.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LOUP or ASMH?

Over the 1-year period, ASMH has performed better with a 143.52% return vs 44.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LOUP or ASMH?

ASMH is cheaper with a 0.19% expense ratio, compared with 0.70% for LOUP.

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

ASMH has the higher dividend yield at 1.63%, compared with 0.00% for LOUP.

What is the main difference between LOUP and ASMH?

LOUP tracks Deepwater Frontier Tech Index, while ASMH tracks ASML Holding NV Sponsored ADR. They also come from different issuers: Innovator and Precidian Funds. Their fees differ too: 0.70% for LOUP and 0.19% for ASMH.

Which has better risk-adjusted returns?

ASMH currently has the higher Sharpe Ratio (3.37 vs 1.47), 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.