LOUP vs QQQ
Innovator Deepwater Frontier Tech ETF vs Invesco QQQ Trust, Series 1
Which is better, LOUP or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. LOUP led over 3Y, QQQ over 1Y, 5Y and the full window. LOUP is less concentrated, with 40.3% of the fund in its ten largest positions against 46.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | LOUP | QQQ |
|---|---|---|
| Expense Ratio | 0.70% | 0.18%Best |
| AUM | $220M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 96 | 321 |
| YTD Return | +6.98% | +19.30%Best |
| 1Y Return | +9.91% | +22.47%Best |
| 3Y Return (annualized) | +32.33%Best | +26.18% |
| 5Y Return (annualized) | +9.59% | +15.42%Best |
| Volatility (annualized) | 31.0% | 20.4%Best |
| Max Drawdown | -58.7% | -35.1%Best |
| $10,000 over 5 years | $15,807 | $20,484Best |
| Top 10 Weight | 40.3%Best | 46.7% |
| Fund Family | Innovator ETFs Trust | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Jul 24, 2018 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jul 25, 2018 to Oct 14, 2026 (8.2 years).
LOUP vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.2 years both funds cover.
LOUP vs QQQ Performance
Innovator Deepwater Frontier Tech ETF (LOUP) is an ETF from Innovator ETFs Trust and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year LOUP returned +9.91% while QQQ returned +22.47%. Year to date, LOUP is up 6.98% versus a gain of 19.30% for QQQ.
Over three years, LOUP compounded at +32.33% per year against +26.18% for QQQ; over five years the annualized figures are +9.59% and +15.42% respectively. Across the full 8-year window we track, QQQ has the edge at +18.80% annualized vs +15.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LOUP has been the more volatile fund, with annualized monthly volatility of 31.0% compared with 20.4% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -58.7% for LOUP and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LOUP charges 0.70% per year while QQQ charges 0.18%. On a $10,000 position that is $70 vs $18 annually, a gap of $52 per year that compounds over a long holding period. On income, LOUP currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
20.5% of LOUP's money is in holdings QQQ also owns. 4.3% of QQQ's money is in holdings LOUP also owns.
LOUP and QQQ share little of their money.
6 positions in common, counted across the 30 positions we hold weights for in LOUP and 101 in QQQ, against full books of 96 and 321.
What only one of them owns
Our book lists 88 positions for QQQ that do not appear in our book for LOUP (92.7% of the fund), and 15 for LOUP that do not appear in QQQ (48.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
20.5% of LOUP is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LOUP or QQQ?
LOUP has an expense ratio of 0.70% while QQQ charges 0.18%. QQQ is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, LOUP or QQQ?
Over the past year LOUP returned +9.91% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (8 years), LOUP annualized +15.62% vs +18.80% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LOUP or QQQ?
LOUP has been the more volatile fund at 31.0% annualized versus 20.4% for QQQ. Worst drawdown: LOUP -58.7% vs QQQ -35.1%.
Should I hold both LOUP and QQQ?
LOUP and QQQ have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between LOUP and QQQ?
20.5% of LOUP's money is in holdings QQQ also owns. 4.3% of QQQ's is in holdings LOUP also owns. They hold 6 positions in common, counted across the 30 positions we hold weights for in LOUP and 101 in QQQ.
Which pays a higher dividend, LOUP or QQQ?
LOUP yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than LOUP?
QQQ has a lower expense ratio. LOUP led over 3Y, QQQ over 1Y, 5Y and the full window. LOUP is less concentrated, with 40.3% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.