LOUP vs. GXPT

Last updated Jun 24, 2026

LOUP (Innovator Deepwater Frontier Tech ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - LOUP tracks the Deepwater Frontier Tech Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. LOUP charges 0.70%/yr vs 0.15%/yr for GXPT.

Performance

LOUP vs. GXPT - Performance Comparison

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

Returns By Period

In the year-to-date period, LOUP achieves a 21.99% return, which is significantly higher than GXPT's 16.86% return.

LOUP

• 1D: -3.56%
• 1M: 4.72%
• YTD: 21.99%
• 6M: 19.67%
• 1Y: 61.21%
• 3Y*: 34.83%
• 5Y*: 11.19%
• 10Y*: —

GXPT

• 1D: -3.44%
• 1M: -0.96%
• YTD: 16.86%
• 6M: 15.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LOUP vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
LOUP Innovator Deepwater Frontier Tech ETF	21.99%	21.67%
GXPT Global X PureCap MSCI Information Technology ETF	16.86%	11.47%

Correlation

The correlation between LOUP and GXPT is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.82

Return for Risk

LOUP vs. GXPT — Risk / Return Rank

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

LOUP

LOUP Risk / Return Rank: 60
LOUP Sharpe Ratio Rank: 68
LOUP Sortino Ratio Rank: 58
LOUP Omega Ratio Rank: 56
LOUP Calmar Ratio Rank: 62
LOUP Martin Ratio Rank: 58

GXPT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Deepwater Frontier Tech ETF (LOUP) and Global X PureCap MSCI Information Technology ETF (GXPT). 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	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	2.06	—	—
Sortino ratio: Return per unit of downside risk	2.58	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.93	—	—
Martin ratio: Return relative to average drawdown	9.65	—	—

Drawdowns

LOUP vs. GXPT - Drawdown Comparison

The maximum LOUP drawdown since its inception was -58.68%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for LOUP and GXPT.

Drawdown Indicators

	LOUP	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-18.74%	-39.94%
Max Drawdown (1Y) Largest decline over 1 year	-21.00%	—	—
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	-6.64%	-8.72%	+2.08%
Average Drawdown Average peak-to-trough decline	-19.94%	-5.04%	-14.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.36%	—	—

Volatility

Volatility by Period

	LOUP	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.92%	22.91%	+7.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.66%	22.91%	+9.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.05%	22.91%	+9.14%

LOUP vs. GXPT - Expense Ratio Comparison

LOUP has a 0.70% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

LOUP vs. GXPT - Dividend Comparison

LOUP has not paid dividends to shareholders, while GXPT's dividend yield for the trailing twelve months is around 0.12%.

Position	TTM	2025
GXPT Global X PureCap MSCI Information Technology ETF	0.12%	0.14%
LOUP Innovator Deepwater Frontier Tech ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both LOUP and GXPT in my portfolio?

LOUP and GXPT have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LOUP or GXPT?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LOUP or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.70% for LOUP.

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

GXPT has the higher dividend yield at 0.12%, compared with 0.00% for LOUP.

What is the main difference between LOUP and GXPT?

LOUP tracks Deepwater Frontier Tech Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: Innovator and Global X. Their fees differ too: 0.70% for LOUP and 0.15% for GXPT.