Innovator Loup Frontier Tech ETF
ALTAR
Score™
2.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
59.5x P/Sales
ratio
2.2x
P/BV
ratio
3.6x Div.
yield
0.3%


  • 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 24, 2018
Assets (mns) $63
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 30
Wgt avg mkt cap (mns) $25,484
Large cap (>$10bn) 52.2%
Mid cap ($2-10bn) 32.5%
Small cap (<$2bn) 15.3%
Developed mkts 81.7%
Emerging mkts 18.3%

TOP TEN HOLDINGS
BAIDU INC - SPON ADR 7.6 %
AXON ENTERPRISE INC 5.5 %
YASKAWA ELECTRIC CORP 5.0 %
HUYA, INC. SPONSORED ADR CLASS A 5.0 %
FORD MOTOR CO 5.0 %
RESEARCH IN MOTION 3.8 %
AEROVIRONMENT INC 3.7 %
HIMAX TECHNOLOGIES INC-ADR 3.2 %
II-VI INC 3.2 %
APTIV PLC 3.0 %
Total 45.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 53.6 %
CHINA 12.6 %
JAPAN 10.3 %
CANADA 3.8 %
TAIWAN 3.2 %
IRELAND 3.0 %
SOUTH KOREA 2.8 %
AUSTRIA 2.8 %
ITALY 2.8 %
SWITZERLAND 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
86.3% 86.3% -- -- 32.7%

Market Correlations
versus... Beta R-squared
S&P500 1.39 82%
MSCI EAFE 1.38 79%
MSCI Emg. Mkts. 1.18 71%

Technical Indicators
Recent close $57.19
30d moving avg. $51.14
Annualized volatility 32.2%
Short interest (ETF) 1.3%
Relative strength (RSI) 79

Liquidity measures
Avg. volume (thou.) 20
Turnover 1.8%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $10,691

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 2.9%


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
(%)
ROBO Robo Global Robotics & Automation Index ETF 15.0 95 -25 2.3 -0.6
EKAR Innovation Shares NextGen Vehicles & Technology ETF 14.6 95 -25 4.9 +2.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 14.1 65 5 3.0 +0.1
DRIV Global X Autonomous & Electric Vehicles ETF 13.5 68 2 3.9 +1.0
ARKQ Ark Industrial Innovation ETF 12.4 75 -5 0.3 -2.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 12.0 70 0 2.5 -0.4
HAIL SPDR S&P Kensho Smart Mobility ETF 11.7 45 25 4.1 +1.2
AIQ Global X Future Analytics Tech ETF 10.9 68 2 3.4 +0.5
FTXR First Trust Nasdaq Transportation ETF 10.6 60 10 5.8 +2.9
DFAE Dimensional Emerging Core Equity Market ETF 10.5 35 35 6.9 +4.0
CHIC Global X MSCI China Communication Services ETF 9.9 66 4 4.5 +1.6
IQM Franklin Intelligent Machines ETF 9.9 50 20 1.3 -1.6
SNSR Global X Internet of Things Thematic ETF 9.9 68 2 3.9 +1.0
SOCL Global X Social Media ETF 9.8 65 5 2.2 -0.7
IDRV iShares Self-driving EV & Tech ETF 9.4 47 23 5.2 +2.3
BOTZ Global X Robotics & Artificial Intelligence ETF 8.6 68 2 2.3 -0.6
THNQ ROBO Global Artificial Intelligence ETF 8.4 68 2 1.3 -1.6
XSD SPDR S&P Semiconductor ETF 8.2 35 35 3.2 +0.3
NVQ QRAFT AI-Enhanced US Next Value ETF 8.2 75 -5 6.6 +3.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 8.1 57 13 3.5 +0.6
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 8.1 47 23 1.3 -1.6
PSI Invesco Dynamic Semiconductors ETF 8.1 57 13 3.6 +0.7
XAR SPDR S&P Aerospace & Defense ETF 8.1 35 35 4.3 +1.4
XNTK SPDR NYSE Technology ETF 7.9 35 35 2.7 -0.2
CQQQ Invesco China Technology ETF 7.6 70 0 4.4 +1.5
PGJ Invesco Golden Dragon China ETF 7.6 70 0 3.7 +0.8
QTUM Defiance Quantum ETF 7.5 40 30 4.2 +1.3
SMH VanEck Vectors Semiconductor ETF 7.4 35 35 4.0 +1.1
GIGE SoFi Gig Economy ETF 7.4 59 11 -0.2 -3.1
SOXX iShares PHLX Semiconductor ETF 7.3 46 24 4.2 +1.3
FTXL First Trust Nasdaq Semiconductor ETF 7.2 60 10 3.6 +0.7
FNI First Trust Chindia ETF 7.0 60 10 2.4 -0.6
EWEB Global X Emerging Markets Internet & E-commerce ETF 6.7 65 5 2.5 -0.4
ECON Columbia Emerging Markets Consumer ETF 6.5 59 11 4.7 +1.8
RFG Invesco S&P Midcap 400 Pure Growth ETF 6.3 35 35 3.3 +0.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 6.0 65 5 8.1 +5.2
BOUT Innovator IBD Breakout Opportunities ETF 5.9 84 -14 2.5 -0.4
BLCN Reality Shares Nasdaq NextGen Economy ETF 5.8 68 2 4.9 +2.0
PXQ Invesco Dynamic Networking ETF 5.7 63 7 2.8 -0.1
NXTG First Trust Indxx NextG ETF 5.6 70 0 5.0 +2.1
KOMP SPDR Kensho New Economies Composite ETF 5.6 20 50 1.6 -1.3
PAVE Global X U.S. Infrastructure Development ETF 5.6 47 23 4.2 +1.3
MOTO SmartETFs Smart Transportation & Technology ETF 5.6 68 2 5.1 +2.2
BUL Pacer US Cash Cows Growth ETF 5.6 60 10 4.3 +1.4
ARKW ARK Web x.0 ETF 5.5 79 -9 -0.8 -3.7
LYFE 2nd Vote Life Neutral Plus ETF 5.5 75 -5 5.6 +2.7
FFTY Innovator IBD 50 ETF 5.4 80 -10 4.0 +1.1
PSJ Invesco Dynamic Software ETF 5.3 56 14 0.6 -2.3
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 5.1 103 -33 1.7 -1.3
JHMT John Hancock Multifactor Technology ETF 5.1 40 30 3.9 +1.0
PTF Invesco DWA Technology Momentum ETF 5.1 60 10 -0.7 -3.6
KWEB KraneShares CSI China Internet ETF 5.1 76 -6 2.2 -0.7
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 5.0 25 45 3.1 +0.2
VPN Global X Data Center REITs & Digital Infrastructure ETF 5.0 50 20 4.5 +1.6
KOIN Innovation Shares NextGen Protocol ETF 4.9 95 -25 3.8 +0.9
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 4.9 56 14 5.4 +2.5
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 4.8 60 10 3.6 +0.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 4.8 15 55 3.7 +0.8
VLUE iShares MSCI USA Value Factor ETF 4.8 15 55 9.6 +6.7
IJK iShares S&P Mid-Cap 400 Growth ETF 4.8 17 53 3.7 +0.8
PNQI Invesco NASDAQ Internet ETF 4.7 60 10 1.0 -1.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.6 86 -16 2.1 -0.8
DTEC ALPS Disruptive Technologies ETF 4.4 50 20 2.6 -0.3
MOON Direxion Moonshot Innovators ETF 4.4 65 5 -3.8 -6.7
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 4.4 50 20 3.3 +0.4
MFMS Motley Fool Small-Cap Growth ETF 4.4 85 -15 0.5 -2.4
FXL First Trust Technology AlphaDEX Fund 4.3 61 9 3.4 +0.5
GBGR Global Beta Momentum-Growth ETF 4.3 29 41 1.3 -1.6
JKG iShares Morningstar Mid-Cap ETF 4.3 25 45 4.4 +1.5
BTEK BlackRock Future Tech ETF 4.2 88 -18 -0.2 -3.1
RYT Invesco S&P 500 Equal Weight Technology ETF 4.2 40 30 5.6 +2.7
FDNI First Trust Dow Jones International Internet ETF 4.2 65 5 1.9 -1.0
ITA iShares U.S. Aerospace & Defense ETF 4.2 42 28 5.4 +2.5
BLOK Amplify Transformational Data Sharing ETF 4.1 70 0 4.1 +1.2
RPG Invesco S&P 500 Pure Growth ETF 4.1 35 35 2.7 -0.2
QQQN VictoryShares Nasdaq Next 50 ETF 4.0 18 52 2.9 -0.0
FTC First Trust Large Cap Growth AlphaDEX Fund 4.0 61 9 2.2 -0.7
CARZ First Trust NASDAQ Global Auto Index Fund 4.0 70 0 9.7 +6.8
JHMI John Hancock Multifactor Industrials ETF 3.9 40 30 5.0 +2.1
CHIL Global X MSCI China Large-Cap 50 ETF 3.9 29 41 6.1 +3.2
XT iShares Exponential Technologies ETF 3.9 47 23 4.4 +1.5
PRNT The 3D Printing ETF 3.8 66 4 0.7 -2.2
LRGF iShares Edge MSCI Multifactor USA ETF 3.8 20 50 6.0 +3.1
MGMT Ballast Small/Mid Cap ETF 3.8 110 -40 6.8 +3.9
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 3.8 60 10 2.3 -0.6
SFYX Sofi Next 500 ETF 3.8 0 70 4.8 +1.9
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 3.7 40 30 4.7 +1.8
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 3.7 30 40 4.0 +1.1
ARKK ARK Innovation ETF 3.6 75 -5 -1.6 -4.5
IHAK iShares Cybersecurity & Tech ETF 3.6 47 23 3.0 +0.1
MOTI VanEck Vectors Morningstar International Moat ETF 3.5 57 13 9.3 +6.4
ECOZ TrueMark ESG Active Opportunities ETF 3.5 58 12 3.0 +0.1
HACK ETFMG Prime Cyber Security ETF 3.4 60 10 2.7 -0.2
XMMO Invesco S&P MidCap Momentum ETF 3.4 34 36 3.4 +0.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 3.4 75 -5 2.9 -0.0
QQQJ Invesco NASDAQ Next Gen 100 ETF 3.3 15 55 2.5 -0.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 3.3 35 35 4.3 +1.4

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.9 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 2.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.48
 
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.