IPAV vs. SUPL

Last updated Jul 17, 2026

IPAV (Global X Infrastructure Development ex-U.S. ETF) and SUPL (ProShares Supply Chain Logistics ETF) are both Industrials Equities funds - IPAV tracks the Global X Infrastructure Development ex-U.S. Index while SUPL tracks the FactSet Supply Chain Logistics Index - Benchmark TR Net. Both are passively managed. Over the past year, IPAV returned 15.68% vs 30.20% for SUPL. A 0.60 correlation means they provide meaningful diversification when combined. IPAV charges 0.55%/yr vs 0.58%/yr for SUPL.

Performance

IPAV vs. SUPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Infrastructure Development ex-U.S. ETF (IPAV) and ProShares Supply Chain Logistics ETF (SUPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IPAV achieves a 6.80% return, which is significantly lower than SUPL's 22.63% return.

IPAV

• 1D: -1.21%
• 1M: -6.36%
• 6M: 3.02%
• YTD: 6.80%
• 1Y: 15.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SUPL

• 1D: 2.34%
• 1M: 3.44%
• 6M: 17.17%
• YTD: 22.63%
• 1Y: 30.20%
• 3Y*: 10.66%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IPAV vs. SUPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IPAV Global X Infrastructure Development ex-U.S. ETF	6.80%	29.77%	-6.87%
SUPL ProShares Supply Chain Logistics ETF	22.63%	9.25%	-3.62%

Correlation

The correlation between IPAV and SUPL is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024	0.60

The correlation between IPAV and SUPL has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.

IPAV vs. SUPL - Sectors Allocation Comparison

Sectors	IPAV	SUPL
Industrials	47.1%	58.3%
Basic Materials	29.9%	-
Communication Services	4.0%	-
Energy	1.0%	4.6%
Utilities	0.5%	2.8%
Real Estate	0.3%	-
Consumer Cyclical	0.1%	-
Technology	0.1%	1.8%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	4.1%

Return for Risk

IPAV vs. SUPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IPAV

IPAV Risk / Return Rank: 28
IPAV Sharpe Ratio Rank: 29
IPAV Sortino Ratio Rank: 30
IPAV Omega Ratio Rank: 28
IPAV Calmar Ratio Rank: 27
IPAV Martin Ratio Rank: 29

SUPL

SUPL Risk / Return Rank: 70
SUPL Sharpe Ratio Rank: 71
SUPL Sortino Ratio Rank: 68
SUPL Omega Ratio Rank: 69
SUPL Calmar Ratio Rank: 76
SUPL Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IPAV vs. SUPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Infrastructure Development ex-U.S. ETF (IPAV) and ProShares Supply Chain Logistics ETF (SUPL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IPAV	SUPL	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.83	-0.96
Sortino ratio: Return per unit of downside risk	1.35	2.48	-1.14
Omega ratio: Gain probability vs. loss probability	1.16	1.33	-0.16
Calmar ratio: Return relative to maximum drawdown	1.08	3.11	-2.03
Martin ratio: Return relative to average drawdown	3.23	9.40	-6.16

IPAV vs. SUPL - Sharpe Ratio Comparison

The current IPAV Sharpe Ratio is 0.87, which is lower than the SUPL Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of IPAV and SUPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IPAV vs. SUPL - Drawdown Comparison

The maximum IPAV drawdown since its inception was -14.59%, smaller than the maximum SUPL drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for IPAV and SUPL.

Drawdown Indicators

	IPAV	SUPL	Difference
Max Drawdown Largest peak-to-trough decline	-14.59%	-24.42%	+9.83%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	-9.76%	-4.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.71%	—
Current Drawdown Current decline from peak	-10.88%	0.00%	-10.88%
Average Drawdown Average peak-to-trough decline	-3.80%	-5.86%	+2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.86%	3.22%	+1.64%

Volatility

IPAV vs. SUPL - Volatility Comparison

Global X Infrastructure Development ex-U.S. ETF (IPAV) and ProShares Supply Chain Logistics ETF (SUPL) have volatilities of 5.27% and 5.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPAV	SUPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.27%	5.22%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	16.23%	13.55%	+2.68%
Volatility (1Y) Calculated over the trailing 1-year period	18.12%	16.61%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.00%	18.94%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	18.94%	-0.94%

IPAV vs. SUPL - Expense Ratio Comparison

IPAV has a 0.55% expense ratio, which is lower than SUPL's 0.58% expense ratio.

Dividends

IPAV vs. SUPL - Dividend Comparison

IPAV's dividend yield for the trailing twelve months is around 1.52%, less than SUPL's 2.40% yield.

Position	TTM	2025	2024	2023	2022
IPAV Global X Infrastructure Development ex-U.S. ETF	1.52%	1.29%	0.31%	0.00%	0.00%
SUPL ProShares Supply Chain Logistics ETF	2.40%	3.03%	4.78%	4.71%	3.00%

Frequently Asked Questions

Can I hold both IPAV and SUPL in my portfolio?

IPAV and SUPL have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IPAV or SUPL?

IPAV has higher volatility (5.27%) compared to SUPL (5.22%). In terms of maximum drawdown, IPAV dropped -14.59% vs SUPL's -24.42%.

Which ETF is better, IPAV or SUPL?

On 1-year performance, SUPL leads with 30.20% vs 15.68% for IPAV. On fees, IPAV is cheaper at 0.55% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IPAV or SUPL?

Over the 1-year period, SUPL has performed better with a 30.20% return vs 15.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IPAV or SUPL?

IPAV is cheaper with a 0.55% expense ratio, compared with 0.58% for SUPL.

Which ETF pays a higher dividend yield, IPAV or SUPL?

SUPL has the higher dividend yield at 2.40%, compared with 1.52% for IPAV.

What is the main difference between IPAV and SUPL?

IPAV tracks Global X Infrastructure Development ex-U.S. Index, while SUPL tracks FactSet Supply Chain Logistics Index - Benchmark TR Net. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.55% for IPAV and 0.58% for SUPL.

Which has better risk-adjusted returns?

SUPL currently has the higher Sharpe Ratio (1.83 vs 0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.