LOUP vs. VGT

Last updated Jun 4, 2026

LOUP (Innovator Deepwater Frontier Tech ETF) and VGT (Vanguard Information Technology ETF) are both Technology Equities funds - LOUP tracks the Deepwater Frontier Tech Index while VGT tracks the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 5 years, LOUP returned 12.98%/yr vs 22.23%/yr for VGT. Their correlation of 0.84 suggests significant overlap in exposure. LOUP charges 0.70%/yr vs 0.09%/yr for VGT.

Performance

LOUP vs. VGT - Performance Comparison

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

Returns By Period

In the year-to-date period, LOUP achieves a 28.21% return, which is significantly lower than VGT's 31.64% return.

LOUP

• 1D: -1.87%
• 1M: 18.57%
• YTD: 28.21%
• 6M: 26.83%
• 1Y: 75.49%
• 3Y*: 37.37%
• 5Y*: 12.98%
• 10Y*: —

VGT

• 1D: -1.48%
• 1M: 18.07%
• YTD: 31.64%
• 6M: 30.51%
• 1Y: 60.15%
• 3Y*: 33.48%
• 5Y*: 22.23%
• 10Y*: 25.78%

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

LOUP vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LOUP Innovator Deepwater Frontier Tech ETF	28.21%	43.24%	21.80%	51.31%	-46.00%	7.54%	86.25%	31.76%	-19.72%
VGT Vanguard Information Technology ETF	31.64%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	-13.15%

Correlation

The correlation between LOUP and VGT is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018	0.84

The correlation between LOUP and VGT has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

LOUP vs. VGT - Sectors Allocation Comparison

Sectors	LOUP	VGT
Technology	51.0%	98.5%
Industrials	20.0%	0.4%
Communication Services	10.6%	0.5%
Consumer Cyclical	5.5%	0.1%
Financial Services	4.5%	0.5%
Energy	2.9%	0.3%
Utilities	2.8%	-
Healthcare	2.7%	0.0%
Basic Materials	-	0.0%
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

LOUP vs. VGT — Risk / Return Rank

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

LOUP

LOUP Risk / Return Rank: 71
LOUP Sharpe Ratio Rank: 81
LOUP Sortino Ratio Rank: 70
LOUP Omega Ratio Rank: 67
LOUP Calmar Ratio Rank: 72
LOUP Martin Ratio Rank: 67

VGT

VGT Risk / Return Rank: 76
VGT Sharpe Ratio Rank: 87
VGT Sortino Ratio Rank: 79
VGT Omega Ratio Rank: 78
VGT Calmar Ratio Rank: 72
VGT Martin Ratio Rank: 64

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. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Deepwater Frontier Tech ETF (LOUP) and Vanguard Information Technology ETF (VGT). 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	VGT	Difference
Sharpe ratio Return per unit of total volatility	2.66	2.95	-0.28
Sortino ratio Return per unit of downside risk	3.21	3.63	-0.42
Omega ratio Gain probability vs. loss probability	1.41	1.47	-0.06
Calmar ratio Return relative to maximum drawdown	3.61	3.69	-0.07
Martin ratio Return relative to average drawdown	12.23	11.77	+0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LOUP vs. VGT - Sharpe Ratio Comparison

The current LOUP Sharpe Ratio is 2.66, which is comparable to the VGT Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of LOUP and VGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LOUP	VGT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.95	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.89	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.68	-0.09

Drawdowns

LOUP vs. VGT - Drawdown Comparison

The maximum LOUP drawdown since its inception was -58.68%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for LOUP and VGT.

Drawdown Indicators

	LOUP	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-54.63%	-4.05%
Max Drawdown (1Y) Largest decline over 1 year	-21.00%	-16.40%	-4.60%
Max Drawdown (3Y) Largest decline over 3 years	-35.23%	-27.23%	-8.00%
Max Drawdown (5Y) Largest decline over 5 years	-55.63%	-35.07%	-20.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.07%	—
Current Drawdown Current decline from peak	-1.87%	-1.48%	-0.39%
Average Drawdown Average peak-to-trough decline	-20.04%	-7.95%	-12.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	5.13%	+1.06%

Volatility

LOUP vs. VGT - Volatility Comparison

Innovator Deepwater Frontier Tech ETF (LOUP) has a higher volatility of 8.23% compared to Vanguard Information Technology ETF (VGT) at 6.39%. This indicates that LOUP's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LOUP	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.23%	6.39%	+1.84%
Volatility (6M) Calculated over the trailing 6-month period	21.94%	16.07%	+5.87%
Volatility (1Y) Calculated over the trailing 1-year period	28.51%	20.57%	+7.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.38%	25.18%	+7.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.96%	24.60%	+7.36%

LOUP vs. VGT - Expense Ratio Comparison

LOUP has a 0.70% expense ratio, which is higher than VGT's 0.09% expense ratio.

Dividends

LOUP vs. VGT - Dividend Comparison

LOUP has not paid dividends to shareholders, while VGT's dividend yield for the trailing twelve months is around 0.31%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
VGT Vanguard Information Technology ETF	0.31%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both LOUP and VGT in my portfolio?

LOUP and VGT have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOUP or VGT?

LOUP has higher volatility (8.23%) compared to VGT (6.39%). In terms of maximum drawdown, LOUP dropped -58.68% vs VGT's -54.63%.

Which ETF is better, LOUP or VGT?

On 5-year performance, VGT leads with 22.23% vs 12.98% for LOUP. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 6.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LOUP or VGT?

Over the 5-year period, VGT has performed better with a 22.23% return vs 12.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LOUP or VGT?

VGT is cheaper with a 0.09% expense ratio, compared with 0.70% for LOUP.

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

VGT has the higher dividend yield at 0.31%, compared with 0.00% for LOUP.

What is the main difference between LOUP and VGT?

LOUP tracks Deepwater Frontier Tech Index, while VGT tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: Innovator and Vanguard. Their fees differ too: 0.70% for LOUP and 0.09% for VGT.

Which has better risk-adjusted returns?

VGT currently has the higher Sharpe Ratio (2.95 vs 2.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.