LOUP vs. TSXU

Last updated Jun 3, 2026

LOUP (Innovator Deepwater Frontier Tech ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - LOUP is a Technology Equities fund tracking the Deepwater Frontier Tech Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. LOUP charges 0.70%/yr vs 1.05%/yr for TSXU.

Performance

LOUP vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Deepwater Frontier Tech ETF (LOUP) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LOUP achieves a 30.66% return, which is significantly lower than TSXU's 144.17% return.

LOUP

• 1D: 0.51%
• 1M: 20.92%
• YTD: 30.66%
• 6M: 29.25%
• 1Y: 81.09%
• 3Y*: 38.24%
• 5Y*: 13.62%
• 10Y*: —

TSXU

• 1D: 5.69%
• 1M: 70.75%
• YTD: 144.17%
• 6M: 129.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LOUP vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
LOUP Innovator Deepwater Frontier Tech ETF	30.66%	1.97%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	144.17%	13.59%

Correlation

The correlation between LOUP and TSXU is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.77

Return for Risk

LOUP vs. TSXU — Risk / Return Rank

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

LOUP

LOUP Risk / Return Rank: 76
LOUP Sharpe Ratio Rank: 86
LOUP Sortino Ratio Rank: 74
LOUP Omega Ratio Rank: 72
LOUP Calmar Ratio Rank: 78
LOUP Martin Ratio Rank: 72

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. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Deepwater Frontier Tech ETF (LOUP) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). 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	TSXU	Difference
Sharpe ratio Return per unit of total volatility	2.87	—	—
Sortino ratio Return per unit of downside risk	3.39	—	—
Omega ratio Gain probability vs. loss probability	1.44	—	—
Calmar ratio Return relative to maximum drawdown	4.02	—	—
Martin ratio Return relative to average drawdown	13.63	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LOUP	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.87	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	4.66	-4.06

Drawdowns

LOUP vs. TSXU - Drawdown Comparison

The maximum LOUP drawdown since its inception was -58.68%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for LOUP and TSXU.

Drawdown Indicators

	LOUP	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-35.62%	-23.06%
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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-20.05%	-10.61%	-9.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	—	—

Volatility

Volatility by Period

	LOUP	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.47%	78.89%	-50.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.38%	78.89%	-46.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.97%	78.89%	-46.92%

LOUP vs. TSXU - Expense Ratio Comparison

LOUP has a 0.70% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

LOUP vs. TSXU - Dividend Comparison

LOUP has not paid dividends to shareholders, while TSXU's dividend yield for the trailing twelve months is around 1.19%.

Position	TTM	2025
LOUP Innovator Deepwater Frontier Tech ETF	0.00%	0.00%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.19%	2.54%

Frequently Asked Questions

Can I hold both LOUP and TSXU in my portfolio?

LOUP and TSXU have a correlation of 0.77, 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 TSXU?

On fees, LOUP is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LOUP or TSXU?

LOUP is cheaper with a 0.70% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.19%, compared with 0.00% for LOUP.

What is the main difference between LOUP and TSXU?

LOUP is categorized as Technology Equities, while TSXU is Leveraged Equities. LOUP tracks Deepwater Frontier Tech Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: Innovator and Direxion. Their fees differ too: 0.70% for LOUP and 1.05% for TSXU.