LOUP vs. BUFF
Compare and contrast key facts about Innovator Deepwater Frontier Tech ETF (LOUP) and Innovator Laddered Allocation Power Buffer ETF (BUFF).
LOUP and BUFF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LOUP is a passively managed fund by Innovator that tracks the performance of the Deepwater Frontier Tech Index. It was launched on Jul 24, 2018. BUFF is a passively managed fund by Innovator that tracks the performance of the Refinitiv Laddered Power Buffer Strategy Index. It was launched on Oct 20, 2016. Both LOUP and BUFF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
LOUP vs. BUFF - Performance Comparison
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LOUP vs. BUFF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LOUP Innovator Deepwater Frontier Tech ETF | -9.90% | 43.24% | 21.80% | 51.31% | -46.00% | 7.54% | 86.25% | 31.76% | -19.72% |
BUFF Innovator Laddered Allocation Power Buffer ETF | -0.90% | 11.02% | 12.05% | 16.51% | -4.44% | 8.37% | -12.08% | 32.32% | -3.31% |
Returns By Period
In the year-to-date period, LOUP achieves a -9.90% return, which is significantly lower than BUFF's -0.90% return.
LOUP
- 1D
- 5.39%
- 1M
- -8.01%
- YTD
- -9.90%
- 6M
- -6.82%
- 1Y
- 51.60%
- 3Y*
- 24.76%
- 5Y*
- 4.49%
- 10Y*
- —
BUFF
- 1D
- 1.46%
- 1M
- -1.89%
- YTD
- -0.90%
- 6M
- 1.13%
- 1Y
- 12.07%
- 3Y*
- 11.21%
- 5Y*
- 7.68%
- 10Y*
- —
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LOUP vs. BUFF - Expense Ratio Comparison
LOUP has a 0.70% expense ratio, which is lower than BUFF's 0.89% expense ratio.
Return for Risk
LOUP vs. BUFF — Risk / Return Rank
LOUP
BUFF
LOUP vs. BUFF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Deepwater Frontier Tech ETF (LOUP) and Innovator Laddered Allocation Power Buffer ETF (BUFF). 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.
| LOUP | BUFF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.23 | +0.25 |
Sortino ratioReturn per unit of downside risk | 2.08 | 1.84 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.72 | +0.62 |
Martin ratioReturn relative to average drawdown | 8.09 | 9.71 | -1.62 |
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
| LOUP | BUFF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.23 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.92 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.46 | -0.02 |
Correlation
The correlation between LOUP and BUFF is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LOUP vs. BUFF - Dividend Comparison
Neither LOUP nor BUFF has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BUFF Innovator Laddered Allocation Power Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.78% | 1.26% | 1.74% | 1.55% | 0.18% |
Drawdowns
LOUP vs. BUFF - Drawdown Comparison
The maximum LOUP drawdown since its inception was -58.68%, which is greater than BUFF's maximum drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for LOUP and BUFF.
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Drawdown Indicators
| LOUP | BUFF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.68% | -46.23% | -12.45% |
Max Drawdown (1Y)Largest decline over 1 year | -21.00% | -7.15% | -13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -55.63% | -10.24% | -45.39% |
Current DrawdownCurrent decline from peak | -16.74% | -2.18% | -14.56% |
Average DrawdownAverage peak-to-trough decline | -20.42% | -6.29% | -14.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.07% | 1.27% | +4.80% |
Volatility
LOUP vs. BUFF - Volatility Comparison
Innovator Deepwater Frontier Tech ETF (LOUP) has a higher volatility of 10.91% compared to Innovator Laddered Allocation Power Buffer ETF (BUFF) at 2.61%. This indicates that LOUP's price experiences larger fluctuations and is considered to be riskier than BUFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LOUP | BUFF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 2.61% | +8.30% |
Volatility (6M)Calculated over the trailing 6-month period | 21.85% | 4.05% | +17.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.07% | 9.82% | +25.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.19% | 8.40% | +23.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.98% | 17.83% | +14.15% |