XTOC vs. LOUP

Last updated Jun 3, 2026

XTOC (Innovator U.S. Equity Accelerated Plus ETF - October) and LOUP (Innovator Deepwater Frontier Tech ETF) are both exchange-traded funds - XTOC is a Options Trading fund actively managed by Innovator, while LOUP is a Technology Equities fund tracking the Deepwater Frontier Tech Index. XTOC is actively managed, while LOUP is passively managed. Over the past 3 years, XTOC returned 14.79%/yr vs 37.37%/yr for LOUP. A 0.78 correlation means they provide meaningful diversification when combined. XTOC charges 0.79%/yr vs 0.70%/yr for LOUP.

Performance

XTOC vs. LOUP - Performance Comparison

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

Returns By Period

In the year-to-date period, XTOC achieves a 7.52% return, which is significantly lower than LOUP's 28.21% return.

XTOC

• 1D: 0.01%
• 1M: 2.45%
• YTD: 7.52%
• 6M: 8.61%
• 1Y: 19.19%
• 3Y*: 14.79%
• 5Y*: —
• 10Y*: —

LOUP

• 1D: -1.87%
• 1M: 18.57%
• YTD: 28.21%
• 6M: 26.83%
• 1Y: 75.49%
• 3Y*: 37.37%
• 5Y*: 12.98%
• 10Y*: —

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

XTOC vs. LOUP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XTOC Innovator U.S. Equity Accelerated Plus ETF - October	7.52%	13.87%	10.47%	25.42%	-17.85%	6.18%
LOUP Innovator Deepwater Frontier Tech ETF	28.21%	43.24%	21.80%	51.31%	-46.00%	4.56%

Correlation

The correlation between XTOC and LOUP is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Oct 4, 2021	0.78

The correlation between XTOC and LOUP has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.

XTOC vs. LOUP - Sectors Allocation Comparison

Sectors	XTOC	LOUP
Technology	36.2%	51.0%
Financial Services	11.9%	4.5%
Communication Services	10.9%	10.6%
Consumer Cyclical	10.1%	5.5%
Healthcare	8.4%	2.7%
Industrials	8.1%	20.0%
Consumer Defensive	4.9%	-
Energy	3.5%	2.9%
Utilities	2.3%	2.8%
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

XTOC vs. LOUP — Risk / Return Rank

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

XTOC

XTOC Risk / Return Rank: 64
XTOC Sharpe Ratio Rank: 61
XTOC Sortino Ratio Rank: 63
XTOC Omega Ratio Rank: 72
XTOC Calmar Ratio Rank: 52
XTOC Martin Ratio Rank: 74

LOUP

LOUP Risk / Return Rank: 71
LOUP Sharpe Ratio Rank: 81
LOUP Sortino Ratio Rank: 70
LOUP Omega Ratio Rank: 67
LOUP Calmar Ratio Rank: 72
LOUP Martin Ratio Rank: 67

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.

XTOC vs. LOUP - Risk-Adjusted Trends Comparison

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

	XTOC	LOUP	Difference
Sharpe ratio Return per unit of total volatility	2.10	2.66	-0.57
Sortino ratio Return per unit of downside risk	2.99	3.21	-0.22
Omega ratio Gain probability vs. loss probability	1.44	1.41	+0.04
Calmar ratio Return relative to maximum drawdown	2.64	3.61	-0.98
Martin ratio Return relative to average drawdown	14.16	12.23	+1.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTOC vs. LOUP - Sharpe Ratio Comparison

The current XTOC Sharpe Ratio is 2.10, which is comparable to the LOUP Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of XTOC and LOUP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XTOC	LOUP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.66	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.59	-0.01

Drawdowns

XTOC vs. LOUP - Drawdown Comparison

The maximum XTOC drawdown since its inception was -24.09%, smaller than the maximum LOUP drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for XTOC and LOUP.

Drawdown Indicators

	XTOC	LOUP	Difference
Max Drawdown Largest peak-to-trough decline	-24.09%	-58.68%	+34.59%
Max Drawdown (1Y) Largest decline over 1 year	-7.41%	-21.00%	+13.59%
Max Drawdown (3Y) Largest decline over 3 years	-18.02%	-35.23%	+17.21%
Max Drawdown (5Y) Largest decline over 5 years	—	-55.63%	—
Current Drawdown Current decline from peak	0.00%	-1.87%	+1.87%
Average Drawdown Average peak-to-trough decline	-4.88%	-20.04%	+15.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	6.19%	-4.81%

Volatility

XTOC vs. LOUP - Volatility Comparison

The current volatility for Innovator U.S. Equity Accelerated Plus ETF - October (XTOC) is 1.13%, while Innovator Deepwater Frontier Tech ETF (LOUP) has a volatility of 8.23%. This indicates that XTOC 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

	XTOC	LOUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	8.23%	-7.10%
Volatility (6M) Calculated over the trailing 6-month period	7.51%	21.94%	-14.43%
Volatility (1Y) Calculated over the trailing 1-year period	9.19%	28.51%	-19.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	32.38%	-17.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.16%	31.96%	-16.80%

XTOC vs. LOUP - Expense Ratio Comparison

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

Dividends

XTOC vs. LOUP - Dividend Comparison

Neither XTOC nor LOUP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XTOC and LOUP in my portfolio?

XTOC and LOUP have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTOC or LOUP?

LOUP has higher volatility (8.23%) compared to XTOC (1.13%). In terms of maximum drawdown, XTOC dropped -24.09% vs LOUP's -58.68%.

Which ETF is better, XTOC or LOUP?

On 3-year performance, LOUP leads with 37.37% vs 14.79% for XTOC. On fees, LOUP is cheaper at 0.70% per year. On volatility, XTOC has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTOC or LOUP?

Over the 3-year period, LOUP has performed better with a 37.37% return vs 14.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTOC or LOUP?

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

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

XTOC and LOUP have nearly identical dividend yields, around 0.00%.

What is the main difference between XTOC and LOUP?

XTOC is categorized as Options Trading, while LOUP is Technology Equities. Their fees differ too: 0.79% for XTOC and 0.70% for LOUP.

Which has better risk-adjusted returns?

LOUP currently has the higher Sharpe Ratio (2.66 vs 2.10), 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.