LOUP vs. QQQ
Compare and contrast key facts about Innovator Loup Frontier Tech ETF (LOUP) and Invesco QQQ (QQQ).
LOUP and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both LOUP and QQQ 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 QQQ.
Key characteristics
| LOUP | QQQ | |
|---|---|---|
| YTD Return | 9.45% | 10.74% |
| 1Y Return | 41.99% | 39.36% |
| 3Y Return (Ann) | -1.05% | 12.27% |
| 5Y Return (Ann) | 15.23% | 20.73% |
| Sharpe Ratio | 1.76 | 2.43 |
| Daily Std Dev | 23.02% | 16.27% |
| Max Drawdown | -58.68% | -82.98% |
| Current Drawdown | -24.17% | 0.00% |
Correlation
The correlation between LOUP and QQQ is 0.83, 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. QQQ - Performance Comparison
In the year-to-date period, LOUP achieves a 9.45% return, which is significantly lower than QQQ's 10.74% 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. QQQ - Expense Ratio Comparison
LOUP has a 0.70% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
LOUP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Loup Frontier Tech ETF (LOUP) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
LOUP has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LOUP Innovator Loup 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% | 0.00% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
LOUP vs. QQQ - Drawdown Comparison
The maximum LOUP drawdown since its inception was -58.68%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for LOUP and QQQ. For additional features, visit the drawdowns tool.
Volatility
LOUP vs. QQQ - Volatility Comparison
Innovator Loup Frontier Tech ETF (LOUP) has a higher volatility of 7.46% compared to Invesco QQQ (QQQ) at 5.12%. This indicates that LOUP's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.