XTJA vs. LOUP

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) and Innovator Deepwater Frontier Tech ETF (LOUP).

XTJA and LOUP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTJA is an actively managed fund by Innovator. It was launched on Dec 31, 2021. 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.

Performance

XTJA vs. LOUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) and Innovator Deepwater Frontier Tech ETF (LOUP). The values are adjusted to include any dividend payments, if applicable.

XTJA vs. LOUP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XTJA Innovator U.S. Equity Accelerated Plus ETF - January	-3.65%	13.86%	15.25%	22.33%	-20.72%
LOUP Innovator Deepwater Frontier Tech ETF	-9.90%	43.24%	21.80%	51.31%	-46.28%

Returns By Period

In the year-to-date period, XTJA achieves a -3.65% return, which is significantly higher than LOUP's -9.90% return.

XTJA

• 1D: 2.79%
• 1M: -4.20%
• YTD: -3.65%
• 6M: -1.12%
• 1Y: 13.40%
• 3Y*: 12.62%
• 5Y*: —
• 10Y*: —

LOUP

• 1D: 5.39%
• 1M: -8.01%
• YTD: -9.90%
• 6M: -6.82%
• 1Y: 51.60%
• 3Y*: 24.76%
• 5Y*: 4.49%
• 10Y*: —

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

XTJA vs. LOUP - Expense Ratio Comparison

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

XTJA

Innovator U.S. Equity Accelerated Plus ETF - January

LOUP

Innovator Deepwater Frontier Tech ETF

Return for Risk

XTJA vs. LOUP — Risk / Return Rank

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

XTJA

XTJA Risk / Return Rank: 49
XTJA Sharpe Ratio Rank: 40
XTJA Sortino Ratio Rank: 42
XTJA Omega Ratio Rank: 63
XTJA Calmar Ratio Rank: 40
XTJA Martin Ratio Rank: 59

LOUP

LOUP Risk / Return Rank: 80
LOUP Sharpe Ratio Rank: 80
LOUP Sortino Ratio Rank: 81
LOUP Omega Ratio Rank: 77
LOUP Calmar Ratio Rank: 83
LOUP Martin Ratio Rank: 77

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.

XTJA vs. LOUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) 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.

	XTJA	LOUP	Difference
Sharpe ratio Return per unit of total volatility	0.76	1.48	-0.72
Sortino ratio Return per unit of downside risk	1.22	2.08	-0.86
Omega ratio Gain probability vs. loss probability	1.24	1.29	-0.05
Calmar ratio Return relative to maximum drawdown	1.06	2.34	-1.28
Martin ratio Return relative to average drawdown	6.01	8.09	-2.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTJA vs. LOUP - Sharpe Ratio Comparison

The current XTJA Sharpe Ratio is 0.76, which is lower than the LOUP Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of XTJA and LOUP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XTJA	LOUP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	1.48	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.44	-0.13

Correlation

The correlation between XTJA and LOUP is 0.79, 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

XTJA vs. LOUP - Dividend Comparison

Neither XTJA nor LOUP has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

XTJA vs. LOUP - Drawdown Comparison

The maximum XTJA drawdown since its inception was -26.17%, smaller than the maximum LOUP drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for XTJA and LOUP.

Drawdown Indicators

	XTJA	LOUP	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-58.68%	+32.51%
Max Drawdown (1Y) Largest decline over 1 year	-13.27%	-21.00%	+7.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-55.63%	—
Current Drawdown Current decline from peak	-5.05%	-16.74%	+11.69%
Average Drawdown Average peak-to-trough decline	-6.49%	-20.42%	+13.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	6.07%	-3.73%

Volatility

XTJA vs. LOUP - Volatility Comparison

The current volatility for Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) is 5.23%, while Innovator Deepwater Frontier Tech ETF (LOUP) has a volatility of 10.91%. This indicates that XTJA 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.

Volatility by Period

	XTJA	LOUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	10.91%	-5.68%
Volatility (6M) Calculated over the trailing 6-month period	6.87%	21.85%	-14.98%
Volatility (1Y) Calculated over the trailing 1-year period	17.70%	35.07%	-17.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	32.19%	-15.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	31.98%	-15.67%