LOUP vs. IRBO
Compare and contrast key facts about Innovator Loup Frontier Tech ETF (LOUP) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).
LOUP and IRBO 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 Loup Frontier Tech Index. It was launched on Jul 25, 2018. IRBO is a passively managed fund by iShares that tracks the performance of the NYSE FactSet Global Robotics and Artificial Intelligence Index. It was launched on Jun 26, 2018. Both LOUP and IRBO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LOUP or IRBO.
Key characteristics
| LOUP | IRBO | |
|---|---|---|
| YTD Return | 9.45% | 0.17% |
| 1Y Return | 41.99% | 19.03% |
| 3Y Return (Ann) | -1.05% | -4.11% |
| 5Y Return (Ann) | 15.23% | 8.83% |
| Sharpe Ratio | 1.76 | 0.91 |
| Daily Std Dev | 23.02% | 19.99% |
| Max Drawdown | -58.68% | -54.50% |
| Current Drawdown | -24.17% | -30.23% |
Correlation
The correlation between LOUP and IRBO is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LOUP vs. IRBO - Performance Comparison
In the year-to-date period, LOUP achieves a 9.45% return, which is significantly higher than IRBO's 0.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LOUP vs. IRBO - Expense Ratio Comparison
LOUP has a 0.70% expense ratio, which is higher than IRBO's 0.47% expense ratio.
Risk-Adjusted Performance
LOUP vs. IRBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Loup Frontier Tech ETF (LOUP) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO). 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.
Dividends
LOUP vs. IRBO - Dividend Comparison
LOUP has not paid dividends to shareholders, while IRBO's dividend yield for the trailing twelve months is around 0.88%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
LOUP Innovator Loup Frontier Tech ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.88% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% |
Drawdowns
LOUP vs. IRBO - Drawdown Comparison
The maximum LOUP drawdown since its inception was -58.68%, which is greater than IRBO's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for LOUP and IRBO. For additional features, visit the drawdowns tool.
Volatility
LOUP vs. IRBO - Volatility Comparison
Innovator Loup Frontier Tech ETF (LOUP) has a higher volatility of 7.46% compared to iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) at 5.55%. This indicates that LOUP's price experiences larger fluctuations and is considered to be riskier than IRBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.