Innovator Deepwater Frontier Tech ETF (LOUP) is a deep-tech ETF. As of October 9, 2026, ETF Copilot scores LOUP 4.0 out of 10 — highest on Return (7.6), lowest on Value (0.5). It trades at 42.1 times earnings, against its own median of 30.3. Its ten largest holdings are 40% of the fund.
What stands out in LOUP's data
Tracks transformative tech pioneers in the U.S. tech hardware sector.
Priced at a premium to most deep-tech peers — you pay more for each dollar of earnings.
Its trailing P/E multiple of 42.1x is among the most expensive in the category, well above the 27.0x median. The fund also carries a 0.70% expense ratio and a thin 17.2% EBITDA margin.
A high-conviction tech hardware bet, built for portfolios seeking growth beyond broad market exposure.
How is LOUP rated? ETF Copilot scores Innovator Deepwater Frontier Tech ETF (LOUP) 4.0 out of 10
As of October 9, 2026, ETF Copilot scores Innovator Deepwater Frontier Tech ETF (LOUP) 4.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.0 / 10
- Growth: 7.2 / 10
- Value: 0.5 / 10
- Risk: 0.5 / 10
- Quality: 1.0 / 10
- Return: 7.6 / 10
Is LOUP expensive right now? It trades at 42.1 times earnings, against its own median of 30.3
As of October 9, 2026, LOUP is more expensive than 85% of its own 100 monthly readings since 2018 — 85 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside LOUP? 58% Tech
What's inside LOUP: Size (Large 60%, Mid 30%, Small 10%); Geography (International 33%, US 67%); Tech 58.0%; AI 14.3%; Semiconductors 17.4%; Memory 5.3%.
What are LOUP's top holdings? The ten largest are 40% of the fund
Credo Technology, Rubrik, Datadog, BE Semiconductor Industries, Synopsys, Shopify, Twilio, Cerebras Systems, Marvell Technology and Raspberry PI are LOUP's largest holdings, in that order.
More concentrated than 63% of Deep Tech ETFs.
Half of LOUP's weight sits in its 14 largest positions, and once those weights are taken into account it behaves like 29 equally weighted holdings.
What is LOUP's expense ratio? 0.70% a year
As of October 9, 2026, LOUP charges 0.70% a year and holds $223M in assets across 31 positions.
| Measure | LOUP |
|---|---|
| Expense ratio | 0.70% |
| Assets under management | $223M |
| Holdings | 31 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Innovator Deepwater Frontier Tech ETF (LOUP) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/loup
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