TFJL vs. LOUP
TFJL (Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly) and LOUP (Innovator Deepwater Frontier Tech ETF) are both exchange-traded funds - TFJL is a Defined Outcome fund actively managed by Innovator, while LOUP is a Technology Equities fund tracking the Deepwater Frontier Tech Index. TFJL is actively managed, while LOUP is passively managed. Over the past 5 years, TFJL returned -3.76%/yr vs 12.98%/yr for LOUP. At a 0.02 correlation, their price movements are largely independent. TFJL charges 0.79%/yr vs 0.70%/yr for LOUP.
Performance
TFJL vs. LOUP - Performance Comparison
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Returns By Period
In the year-to-date period, TFJL achieves a -2.35% return, which is significantly lower than LOUP's 28.21% return.
TFJL
- 1D
- -0.54%
- 1M
- -0.05%
- YTD
- -2.35%
- 6M
- -4.14%
- 1Y
- -2.72%
- 3Y*
- -1.72%
- 5Y*
- -3.76%
- 10Y*
- —
LOUP
- 1D
- -1.87%
- 1M
- 18.57%
- YTD
- 28.21%
- 6M
- 26.83%
- 1Y
- 75.49%
- 3Y*
- 37.37%
- 5Y*
- 12.98%
- 10Y*
- —
TFJL vs. LOUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TFJL Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly | -2.35% | -0.81% | -6.79% | 8.23% | -17.17% | -2.46% | -1.98% |
LOUP Innovator Deepwater Frontier Tech ETF | 28.21% | 43.24% | 21.80% | 51.31% | -46.00% | 7.54% | 47.79% |
Correlation
The correlation between TFJL and LOUP is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.02 |
The correlation between TFJL and LOUP shifts across timeframes, from 0.02 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TFJL vs. LOUP — Risk / Return Rank
TFJL
LOUP
TFJL vs. LOUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (TFJL) and Innovator Deepwater Frontier Tech ETF (LOUP). 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.
| TFJL | LOUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -3.63 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.41 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 3.61 | -3.93 |
| Martin ratioReturn relative to average drawdown | -0.73 | 12.23 | -12.96 |
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
| TFJL | LOUP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 2.66 | -3.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.40 | -0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.59 | -1.07 |
Drawdowns
TFJL vs. LOUP - Drawdown Comparison
The maximum TFJL drawdown since its inception was -25.45%, smaller than the maximum LOUP drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for TFJL and LOUP.
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Drawdown Indicators
| TFJL | LOUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.45% | -58.68% | +33.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -21.00% | +12.50% |
Max Drawdown (3Y)Largest decline over 3 years | -12.72% | -35.23% | +22.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -55.63% | +32.18% |
Current DrawdownCurrent decline from peak | -22.83% | -1.87% | -20.96% |
Average DrawdownAverage peak-to-trough decline | -15.02% | -20.04% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 6.19% | -2.45% |
Volatility
TFJL vs. LOUP - Volatility Comparison
The current volatility for Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (TFJL) is 1.99%, while Innovator Deepwater Frontier Tech ETF (LOUP) has a volatility of 8.23%. This indicates that TFJL experiences smaller price fluctuations and is considered to be less risky than LOUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFJL | LOUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 8.23% | -6.24% |
Volatility (6M)Calculated over the trailing 6-month period | 5.67% | 21.94% | -16.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.22% | 28.51% | -20.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.34% | 32.38% | -23.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.03% | 31.96% | -22.93% |
TFJL vs. LOUP - Expense Ratio Comparison
TFJL has a 0.79% expense ratio, which is higher than LOUP's 0.70% expense ratio.
Dividends
TFJL vs. LOUP - Dividend Comparison
Neither TFJL nor LOUP has paid dividends to shareholders.
Frequently Asked Questions
TFJL and LOUP have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LOUP has higher volatility (8.23%) compared to TFJL (1.99%). In terms of maximum drawdown, TFJL dropped -25.45% vs LOUP's -58.68%.
On 5-year performance, LOUP leads with 12.98% vs -3.76% for TFJL. On fees, LOUP is cheaper at 0.70% per year. On volatility, TFJL has been the lower-risk option at 1.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, LOUP has performed better with a 12.98% return vs -3.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LOUP is cheaper with a 0.70% expense ratio, compared with 0.79% for TFJL.
TFJL and LOUP have nearly identical dividend yields, around 0.00%.
TFJL is categorized as Defined Outcome, while LOUP is Technology Equities. Their fees differ too: 0.79% for TFJL and 0.70% for LOUP.
LOUP currently has the higher Sharpe Ratio (2.66 vs -0.33), 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.
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