LOUP vs. VOX
Compare and contrast key facts about Innovator Deepwater Frontier Tech ETF (LOUP) and Vanguard Communication Services ETF (VOX).
LOUP and VOX 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 Deepwater Frontier Tech Index. It was launched on Jul 24, 2018. VOX is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index. It was launched on Sep 23, 2004. Both LOUP and VOX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
LOUP vs. VOX - Performance Comparison
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LOUP vs. VOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LOUP Innovator Deepwater Frontier Tech ETF | -9.90% | 43.24% | 21.80% | 51.31% | -46.00% | 7.54% | 86.25% | 31.76% | -19.72% |
VOX Vanguard Communication Services ETF | -6.90% | 26.27% | 33.12% | 44.81% | -38.85% | 13.83% | 29.12% | 28.03% | -14.02% |
Returns By Period
In the year-to-date period, LOUP achieves a -9.90% return, which is significantly lower than VOX's -6.90% return.
LOUP
- 1D
- 5.39%
- 1M
- -8.01%
- YTD
- -9.90%
- 6M
- -6.82%
- 1Y
- 51.60%
- 3Y*
- 24.76%
- 5Y*
- 4.49%
- 10Y*
- —
VOX
- 1D
- 3.50%
- 1M
- -6.17%
- YTD
- -6.90%
- 6M
- -3.66%
- 1Y
- 22.45%
- 3Y*
- 24.33%
- 5Y*
- 7.40%
- 10Y*
- 8.41%
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LOUP vs. VOX - Expense Ratio Comparison
LOUP has a 0.70% expense ratio, which is higher than VOX's 0.10% expense ratio.
Return for Risk
LOUP vs. VOX — Risk / Return Rank
LOUP
VOX
LOUP vs. VOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Deepwater Frontier Tech ETF (LOUP) and Vanguard Communication Services ETF (VOX). 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 | VOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.11 | +0.37 |
Sortino ratioReturn per unit of downside risk | 2.08 | 1.72 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.67 | +0.66 |
Martin ratioReturn relative to average drawdown | 8.09 | 6.24 | +1.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LOUP | VOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.11 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.35 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.42 | +0.01 |
Correlation
The correlation between LOUP and VOX is 0.74, 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.
Dividends
LOUP vs. VOX - Dividend Comparison
LOUP has not paid dividends to shareholders, while VOX's dividend yield for the trailing twelve months is around 1.05%.
| 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% |
VOX Vanguard Communication Services ETF | 1.05% | 0.95% | 1.05% | 1.03% | 0.88% | 0.93% | 0.73% | 0.90% | 2.77% | 3.83% | 2.67% | 3.55% |
Drawdowns
LOUP vs. VOX - Drawdown Comparison
The maximum LOUP drawdown since its inception was -58.68%, roughly equal to the maximum VOX drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for LOUP and VOX.
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Drawdown Indicators
| LOUP | VOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.68% | -57.18% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -21.00% | -13.56% | -7.44% |
Max Drawdown (5Y)Largest decline over 5 years | -55.63% | -46.76% | -8.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.76% | — |
Current DrawdownCurrent decline from peak | -16.74% | -10.03% | -6.71% |
Average DrawdownAverage peak-to-trough decline | -20.42% | -11.99% | -8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.07% | 3.64% | +2.43% |
Volatility
LOUP vs. VOX - Volatility Comparison
Innovator Deepwater Frontier Tech ETF (LOUP) has a higher volatility of 10.91% compared to Vanguard Communication Services ETF (VOX) at 6.40%. This indicates that LOUP's price experiences larger fluctuations and is considered to be riskier than VOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LOUP | VOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 6.40% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 21.85% | 11.80% | +10.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.07% | 20.34% | +14.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.19% | 21.19% | +11.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.98% | 20.87% | +11.11% |