Innovator Loup Frontier Tech ETF
ALTAR
Score™
3.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
38.7x P/Sales
ratio
2.1x
P/BV
ratio
2.9x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Innovator Loup Frontier Tech ETF tracks an index of developed- and emerging-market stocks that are influencing the future of technology. Holdings are selected by fundamental criteria and equally weighted in two tiers.

FUND BASICS
Category Global Equities
Fund Sponsor Innovator Capital Management
Website www.innovatoretfs.com
Inception date Jul 25, 2018
Assets (mns) $12
Currency USD
Expense ratio 70 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 31
Wgt avg mkt cap (mns) $29,495
Large cap (>$10bn) 43.4%
Mid cap ($2-10bn) 44.2%
Small cap (<$2bn) 12.3%
Developed mkts 89.1%
Emerging mkts 10.9%

TOP TEN HOLDINGS
SNAP, INC. CLASS A 6.6 %
TESLA MOTORS INC 5.5 %
AXON ENTERPRISE INC 4.6 %
II-VI INC 4.5 %
AMS AG 4.2 %
STMICROELECTRONICS NV 4.1 %
BAIDU INC - SPON ADR 4.0 %
HARMONIC DRIVE SYSTEMS INC 3.6 %
NVIDIA CORP 3.5 %
ROCKWELL AUTOMATION INC 3.4 %
Total 43.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 62.7 %
JAPAN 9.8 %
SWITZERLAND 6.5 %
SOUTH KOREA 4.9 %
AUSTRIA 4.2 %
CHINA 4.0 %
CANADA 2.9 %
CAYMAN ISLANDS 2.8 %
TAIWAN 2.0 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.4% 31.5% -- -- 5.3%

Market Correlations
versus... Beta R-squared
S&P500 1.40 89%
MSCI EAFE 1.47 81%
MSCI Emg. Mkts. 1.17 73%

Technical Indicators
Recent close $29.94
30d moving avg. $26.59
Annualized volatility 32.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.8%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $28,527

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Innovator Loup Frontier Tech ETF ETF based on the alternatives' overlap in portfolio holdings with LOUP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LOUP Expense: 70 bp ALTAR Score™: 3.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LOUP
Ticker Fund
Name
Overlap1
vs LOUP
(%)
Expense
ratio
(bp)
Savings
vs LOUP
(bp)
ALTAR
Score™
(%)
ALTAR
vs LOUP
(%)
ARKQ Ark Industrial Innovation ETF 19.6 75 -5 0.7 -2.4
EKAR Innovation Shares NextGen Vehicles & Technology ETF 19.3 65 5 8.6 +5.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 18.7 70 0 5.9 +2.8
IQM Franklin Intelligent Machines ETF 18.5 50 20 2.2 -0.9
ROBO Robo Global Robotics & Automation Index ETF 18.5 95 -25 3.4 +0.3
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 17.7 50 20 4.2 +1.1
BOTZ Global X Robotics & Artificial Intelligence ETF 16.5 68 2 2.9 -0.2
XKST SPDR Kensho Smart Mobility ETF 15.4 45 25 2.4 -0.7
DRIV Global X Autonomous & Electric Vehicles ETF 14.7 68 2 6.0 +2.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 14.2 65 5 3.8 +0.7
XNTK SPDR Morgan Stanley Technology ETF 14.1 35 35 4.0 +0.9
XTH SPDR S&P Technology Hardware ETF 12.7 35 35 5.4 +2.3
IDRV iShares Self-driving EV & Tech ETF 12.1 47 23 6.9 +3.8
SNSR Global X Internet of Things Thematic ETF 12.0 68 2 4.7 +1.6
PSI Invesco Dynamic Semiconductors ETF 11.7 58 12 5.0 +1.9
SOCL Global X Social Media ETF 10.6 65 5 2.3 -0.9
AIQ Global X Future Analytics Tech ETF 10.0 68 2 4.2 +1.1
QTUM Defiance Quantum ETF 10.0 40 30 5.5 +2.4
IRBO iShares Robotics & Artificial Intelligence ETF 9.8 47 23 2.6 -0.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 9.8 75 -5 2.2 -0.9
XSD SPDR S&P Semiconductor ETF 9.5 35 35 4.0 +0.9
GDAT Goldman Sachs Motif Data-Driven World Etf 9.5 50 20 5.2 +2.1
BIBL Inspire ETF 9.1 35 35 4.7 +1.6
ARKW ARK Web x.0 ETF 9.1 76 -6 -0.8 -3.9
KOMP SPDR Kensho New Economies Composite ETF 9.0 20 50 1.6 -1.5
SOXX iShares PHLX Semiconductor ETF 8.1 46 24 5.5 +2.4
PTF Invesco DWA Technology Momentum ETF 8.1 60 10 1.3 -1.8
FTXL First Trust Nasdaq Semiconductor ETF 8.0 60 10 5.3 +2.2
ARKK ARK Innovation ETF 7.8 75 -5 -3.2 -6.3
SMH VanEck Vectors Semiconductor ETF 7.7 35 35 5.8 +2.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 7.7 57 13 5.1 +2.0
FTXR First Trust Nasdaq Transportation ETF 7.3 60 10 6.7 +3.6
XAR SPDR S&P Aerospace & Defense ETF 7.3 35 35 4.8 +1.7
MTUM iShares Edge MSCI USA Momentum Factor ETF 7.3 15 55 4.8 +1.7
FMK First Trust Mega Cap AlphaDEX Fund 6.7 70 0 5.3 +2.2
XT iShares Exponential Technologies ETF 6.7 47 23 5.2 +2.1
PBS Invesco Dynamic Media ETF 6.5 63 7 -2.7 -5.8
MOTO SmartETFs Smart Transportation & Technology ETF 6.5 68 2 8.3 +5.2
ESPO VanEck Vectors Video Gaming & eSports ETF 6.4 55 15 2.9 -0.2
LRNZ TrueMark Technology, AI & Deep Learning ETF 6.4 68 2 0.9 -2.2
NULG Nuveen ESG Large-Cap Growth ETF 6.4 35 35 3.4 +0.3
JKE iShares Morningstar Large-Cap Growth ETF 6.2 25 45 3.5 +0.4
XMMO Invesco S&P MidCap Momentum ETF 6.2 39 31 4.3 +1.2
TECB iShares US Tech Breakthrough Multisector ETF 6.0 40 30 4.1 +1.0
PAVE Global X U.S. Infrastructure Development ETF 6.0 47 23 5.9 +2.8
FFTY Innovator IBD 50 ETF 5.9 80 -10 3.5 +0.4
QYLD Global X NASDAQ 100 Covered Call ETF 5.9 60 10 3.7 +0.6
RFG Invesco S&P Midcap 400 Pure Growth ETF 5.8 35 35 3.7 +0.6
BLOK Amplify Transformational Data Sharing ETF 5.6 70 0 5.0 +1.9
NUSI Nationwide Risk-Managed Income ETF 5.5 68 2 3.7 +0.6
GIGE SoFi Gig Economy ETF 5.5 59 11 -0.6 -3.7
QQQ Invesco QQQ Trust 5.5 20 50 4.1 +1.0
CARZ First Trust NASDAQ Global Auto Index Fund 5.5 70 0 15.7 +12.6
GEX VanEck Vectors Global Alternative Energy ETF 5.5 63 7 4.9 +1.8
LIT Global X Lithium & Battery Tech ETF 5.5 75 -5 3.5 +0.4
ACES ALPS Clean Energy ETF 5.5 65 5 1.2 -1.9
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 5.5 60 10 0.6 -2.5
XKCP SPDR Kensho Clean Power ETF 5.5 45 25 -10.8 -13.9
NULC Nuveen ESG Large-Cap ETF 5.4 20 50 5.3 +2.2
LEGR First Trust Index Digital Transaction & Process Technology E 5.4 65 5 7.3 +4.2
IYK iShares U.S. Consumer Goods ETF 5.4 42 28 5.4 +2.3
PEXL Pacer US Export Leaders ETF 5.3 60 10 6.2 +3.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 5.1 70 0 4.4 +1.3
IYW iShares U.S. Technology ETF 5.1 42 28 4.3 +1.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 5.1 60 10 4.1 +1.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 5.1 35 35 4.4 +1.3
PZD Invesco Cleantech ETF 5.0 68 2 4.8 +1.7
FPX First Trust US IPO Index Fund 5.0 59 11 4.2 +1.1
DTEC ALPS Disruptive Technologies ETF 4.9 50 20 3.5 +0.4
JHMT John Hancock Multifactor Technology ETF 4.9 40 30 5.1 +2.0
KOIN Innovation Shares NextGen Protocol ETF 4.8 95 -25 4.4 +1.3
BLCN Reality Shares Nasdaq NextGen Economy ETF 4.7 68 2 4.4 +1.3
SPMO Invesco S&P 500 Momentum ETF 4.7 13 57 4.5 +1.4
NXTG First Trust Indxx NextG ETF 4.6 70 0 6.1 +3.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 4.6 49 21 3.2 +0.1
SLT Salt TruBeta High Exposure ETF 4.5 29 41 6.7 +3.6
JSML Janus Henderson Small Cap Growth Alpha ETF 4.5 35 35 6.2 +3.1
FTC First Trust Large Cap Growth AlphaDEX Fund 4.5 61 9 3.0 -0.1
TTAC TrimTabs Float Shrink ETF 4.3 59 11 3.6 +0.5
JMOM JPMorgan U.S. Momentum Factor ETF 4.3 12 58 3.9 +0.8
XLK Technology Select Sector SPDR Fund 4.2 13 57 5.0 +1.9
VXF Vanguard Extended Market Index Fund 4.2 7 63 3.8 +0.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 4.2 15 55 4.8 +1.7
IJK iShares S&P Mid-Cap 400 Growth ETF 4.2 24 46 4.7 +1.6
SDG iShares Sustainable MSCI Global Impact ETF 4.2 49 21 6.2 +3.1
VGT Vanguard Information Technology Index Fund 4.1 10 60 4.8 +1.7
FTEC Fidelity MSCI Information Technology Index ETF 4.1 8 62 4.9 +1.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 4.1 21 49 3.2 +0.1
DVLU First Trust Dorsey Wright Momentum & Value ETF 4.1 60 10 5.8 +2.7
IXN iShares Global Tech ETF 4.0 46 24 4.8 +1.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 4.0 15 55 4.7 +1.6
ECON Columbia Emerging Markets Consumer ETF 4.0 59 11 4.9 +1.8
CQQQ Invesco China Technology ETF 4.0 70 0 4.4 +1.3
CHIC Global X Nasdaq China Technology ETF 4.0 65 5 4.4 +1.3
KWEB KraneShares CSI China Internet ETF 4.0 76 -6 3.5 +0.4
FNI First Trust Chindia ETF 4.0 59 11 3.5 +0.4
PGJ Invesco Golden Dragon China ETF 4.0 70 0 3.5 +0.4
BOSS Global X Founder-Run Companies ETF 4.0 45 25 3.8 +0.7
GVIP Goldman Sachs Hedge Industry VIP ETF 3.9 45 25 5.0 +1.9
IGM iShares North American Tech ETF 3.9 46 24 4.0 +0.9

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Innovator Loup Frontier Tech ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.4 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 3.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.