LOUP vs. XLK
Compare and contrast key facts about Innovator Loup Frontier Tech ETF (LOUP) and Technology Select Sector SPDR Fund (XLK).
LOUP and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. Both LOUP and XLK 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 XLK.
Key characteristics
| LOUP | XLK | |
|---|---|---|
| YTD Return | 9.45% | 10.86% |
| 1Y Return | 41.99% | 40.96% |
| 3Y Return (Ann) | -1.05% | 17.16% |
| 5Y Return (Ann) | 15.23% | 24.40% |
| Sharpe Ratio | 1.76 | 2.29 |
| Daily Std Dev | 23.02% | 17.99% |
| Max Drawdown | -58.68% | -82.05% |
| Current Drawdown | -24.17% | 0.00% |
Correlation
The correlation between LOUP and XLK is 0.81, 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. XLK - Performance Comparison
In the year-to-date period, LOUP achieves a 9.45% return, which is significantly lower than XLK's 10.86% 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. XLK - Expense Ratio Comparison
LOUP has a 0.70% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
LOUP vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Loup Frontier Tech ETF (LOUP) and Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
LOUP has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.70%.
| 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% |
XLK Technology Select Sector SPDR Fund | 0.70% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
LOUP vs. XLK - Drawdown Comparison
The maximum LOUP drawdown since its inception was -58.68%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for LOUP and XLK. For additional features, visit the drawdowns tool.
Volatility
LOUP vs. XLK - Volatility Comparison
Innovator Loup Frontier Tech ETF (LOUP) has a higher volatility of 7.46% compared to Technology Select Sector SPDR Fund (XLK) at 6.00%. This indicates that LOUP's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.