XBFR vs. LOUP

Last updated Jul 2, 2026

XBFR (Innovator Equity Managed 10 Buffer ETF) and LOUP (Innovator Deepwater Frontier Tech ETF) are both exchange-traded funds - XBFR is a Defined Outcome fund actively managed by Innovator, while LOUP is a Technology Equities fund tracking the Deepwater Frontier Tech Index. XBFR is actively managed, while LOUP is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. XBFR charges 0.79%/yr vs 0.70%/yr for LOUP.

Performance

XBFR vs. LOUP - Performance Comparison

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

Returns By Period

XBFR

• 1D: -0.01%
• 1M: -0.43%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LOUP

• 1D: 0.30%
• 1M: -0.47%
• 6M: 29.38%
• YTD: 29.38%
• 1Y: 62.04%
• 3Y*: 35.74%
• 5Y*: 12.56%
• 10Y*: —

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

XBFR vs. LOUP - Yearly Performance Comparison

	2026 (YTD)
XBFR Innovator Equity Managed 10 Buffer ETF	6.21%
LOUP Innovator Deepwater Frontier Tech ETF	33.05%

Correlation

The correlation between XBFR and LOUP is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 24, 2026	0.86

Return for Risk

XBFR vs. LOUP — Risk / Return Rank

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

XBFR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

LOUP

LOUP Risk / Return Rank: 68
LOUP Sharpe Ratio Rank: 77
LOUP Sortino Ratio Rank: 67
LOUP Omega Ratio Rank: 65
LOUP Calmar Ratio Rank: 70
LOUP Martin Ratio Rank: 63

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.

XBFR vs. LOUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed 10 Buffer ETF (XBFR) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XBFR	LOUP	Difference
Sharpe ratio: Return per unit of total volatility	—	2.09	—
Sortino ratio: Return per unit of downside risk	—	2.62	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.97	—
Martin ratio: Return relative to average drawdown	—	9.70	—

Drawdowns

XBFR vs. LOUP - Drawdown Comparison

The maximum XBFR drawdown since its inception was -4.12%, smaller than the maximum LOUP drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for XBFR and LOUP.

Drawdown Indicators

	XBFR	LOUP	Difference
Max Drawdown Largest peak-to-trough decline	-4.12%	-58.68%	+54.56%
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	-0.60%	-0.98%	+0.38%
Average Drawdown Average peak-to-trough decline	-1.12%	-19.90%	+18.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.41%	—

Volatility

Volatility by Period

	XBFR	LOUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.90%	29.92%	-21.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.90%	32.69%	-23.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.90%	32.04%	-23.14%

XBFR vs. LOUP - Expense Ratio Comparison

XBFR has a 0.79% expense ratio, which is higher than LOUP's 0.70% expense ratio.

Dividends

XBFR vs. LOUP - Dividend Comparison

XBFR's dividend yield for the trailing twelve months is around 0.10%, while LOUP has not paid dividends to shareholders.

Position	TTM
LOUP Innovator Deepwater Frontier Tech ETF	0.00%
XBFR Innovator Equity Managed 10 Buffer ETF	0.10%

Frequently Asked Questions

Can I hold both XBFR and LOUP in my portfolio?

XBFR and LOUP have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XBFR or LOUP?

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, XBFR or LOUP?

LOUP is cheaper with a 0.70% expense ratio, compared with 0.79% for XBFR.

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

XBFR has the higher dividend yield at 0.10%, compared with 0.00% for LOUP.

What is the main difference between XBFR and LOUP?

XBFR is categorized as Defined Outcome, while LOUP is Technology Equities. Their fees differ too: 0.79% for XBFR and 0.70% for LOUP.