LOUP vs FCAL

Comparison between Innovator Deepwater Frontier Tech ETF (LOUP, ETF) and FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF (FCAL, ETF).

5-Year PerformanceLOUP has outperformed FCAL, delivering a return of +11.3% compared to +0.6%

LOUP vs FCAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LOUP(ETF)	FCAL(ETF)
Net Assets	$220M	$220M
Expense Ratio	0.70%	0.49%
Max Drawdown	58.68%	16.86%
Sharpe Ratio	1.63	1.13
5Y Beta	1.72	-0.00
P/E Ratio	135.06	N/A
Forward P/E	38.45	N/A
PEG Ratio	0.31	N/A
5Y Dividends CAGR	N/A	7.56%
Debt to Equity	55.25%	N/A
P/S Ratio	7.70	N/A
P/B Ratio	10.48	N/A

Net Assets

LOUP

$220M

Winner

FCAL

$220M

Expense Ratio

LOUP

0.70%

Winner

FCAL

0.49%

Max Drawdown

LOUP

58.68%

Winner

FCAL

16.86%

Sharpe Ratio

Winner

LOUP

1.63

FCAL

1.13

5Y Beta

LOUP

1.72

Winner

FCAL

-0.00

P/E Ratio

LOUP

135.06

FCAL

N/A

Forward P/E

LOUP

38.45

FCAL

N/A

PEG Ratio

LOUP

0.31

FCAL

N/A

5Y Dividends CAGR

LOUP

N/A

FCAL

7.56%

Debt to Equity

LOUP

55.25%

FCAL

N/A

P/S Ratio

LOUP

7.70

FCAL

N/A

P/B Ratio

LOUP

10.48

FCAL

N/A

LOUP vs FCAL - Historical Returns

Returns include dividend reinvestment.

Period	LOUP	FCAL
1 month	+6.69%	+0.56%
3 months	+28.62%	+1.44%
6 months	+21.07%	+2.24%
1 year	+60.71%	+6.68%
5 years(CAGR)	+11.27%	+0.59%
10 years(CAGR)	N/A	+2.59%
Max(CAGR)	+17.86%	+2.59%

Winner

LOUP

+6.69%

FCAL

+0.56%

Winner

LOUP

+28.62%

FCAL

+1.44%

Winner

LOUP

+21.07%

FCAL

+2.24%

Winner

LOUP

+60.71%

FCAL

+6.68%

5Y(CAGR)

Winner

LOUP

+11.27%

FCAL

+0.59%

10Y(CAGR)

LOUP

N/A

FCAL

+2.59%

Max(CAGR)

Winner

LOUP

+17.86%

FCAL

+2.59%

LOUP vs FCAL - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	LOUP	FCAL
2026	+18.41%	+1.76%
2025	+41.17%	+3.05%
2024	+25.89%	+1.84%
2023	+51.97%	+6.19%
2022	-46.28%	-9.40%
2021	+7.63%	+3.02%
2020	+81.62%	+3.39%
2019	+32.18%	+9.63%
2018	-19.72%	+1.01%
2017	N/A	+4.40%

LOUP vs FCAL Drawdown Comparison

The maximum drawdown for LOUP was -58.68%, occurring on Oct 14, 2022. Recovery took 1112 trading sessions.

The maximum drawdown for FCAL was -14.81%, occurring on Mar 20, 2020. Recovery took 204 trading sessions.

The current LOUP drawdown is -7.47%. The current FCAL drawdown is -0.32%.

Rank	LOUP	FCAL
#1	-58.68% Feb 12, 2021 - Jul 21, 2025	-14.81% Feb 28, 2020 - Dec 17, 2020
#2	-41.54% Feb 19, 2020 - Jun 5, 2020	-14.44% Jul 20, 2021 - Nov 11, 2025
#3	-28.70% Aug 31, 2018 - Dec 23, 2019	-2.96% Dec 29, 2017 - Dec 21, 2018
#4	-21.00% Nov 3, 2025 - Apr 22, 2026	-2.57% Feb 27, 2026 - Mar 27, 2026
#5	-10.16% Jun 2, 2026 - Jun 10, 2026	-2.28% Feb 12, 2021 - May 6, 2021
#6	-10.15% Sep 2, 2020 - Oct 5, 2020	-1.27% Aug 28, 2019 - Oct 8, 2019
#7	-6.84% Jun 10, 2020 - Jul 6, 2020	-1.10% Oct 9, 2019 - Dec 27, 2019
#8	-5.77% Jan 25, 2021 - Feb 5, 2021	-1.03% Dec 7, 2017 - Dec 28, 2017
#9	-5.54% Oct 23, 2020 - Nov 4, 2020	-0.88% Aug 15, 2017 - Sep 12, 2017
#10	-5.32% Apr 22, 2026 - May 5, 2026	-0.71% Apr 15, 2019 - Apr 30, 2019
#11	-4.94% Jan 23, 2020 - Feb 4, 2020	-0.71% Sep 12, 2017 - Oct 19, 2017
#12	-4.82% Aug 13, 2025 - Aug 28, 2025	-0.65% Dec 28, 2018 - Jan 31, 2019
#13	-4.71% Jul 30, 2025 - Aug 6, 2025	-0.64% Nov 20, 2017 - Dec 5, 2017
#14	-4.44% May 11, 2026 - May 22, 2026	-0.58% Dec 21, 2018 - Dec 28, 2018
#15	-4.07% Oct 9, 2025 - Oct 24, 2025	-0.57% Mar 29, 2019 - Apr 15, 2019