SUPL vs. BENJ

Last updated Jun 24, 2026

SUPL (ProShares Supply Chain Logistics ETF) and BENJ (Horizon Landmark ETF) are both exchange-traded funds - SUPL is a Industrials Equities fund tracking the FactSet Supply Chain Logistics Index - Benchmark TR Net, while BENJ is a Ultrashort Bond fund actively managed by Horizon. SUPL is passively managed, while BENJ is actively managed. Over the past year, SUPL returned 23.18% vs 3.79% for BENJ. At a correlation of -0.03, they often move in opposite directions. SUPL charges 0.58%/yr vs 0.40%/yr for BENJ.

Performance

SUPL vs. BENJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Supply Chain Logistics ETF (SUPL) and Horizon Landmark ETF (BENJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SUPL achieves a 13.92% return, which is significantly higher than BENJ's 1.64% return.

SUPL

• 1D: -0.67%
• 1M: -0.06%
• YTD: 13.92%
• 6M: 13.11%
• 1Y: 23.18%
• 3Y*: 10.39%
• 5Y*: —
• 10Y*: —

BENJ

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.64%
• 6M: 1.75%
• 1Y: 3.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SUPL vs. BENJ - Yearly Performance Comparison

	2026 (YTD)	2025
SUPL ProShares Supply Chain Logistics ETF	13.92%	7.46%
BENJ Horizon Landmark ETF	1.64%	3.72%

Correlation

The correlation between SUPL and BENJ is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	-0.03

Return for Risk

SUPL vs. BENJ — Risk / Return Rank

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

SUPL

SUPL Risk / Return Rank: 45
SUPL Sharpe Ratio Rank: 43
SUPL Sortino Ratio Rank: 41
SUPL Omega Ratio Rank: 41
SUPL Calmar Ratio Rank: 52
SUPL Martin Ratio Rank: 48

BENJ

BENJ Risk / Return Rank: 98
BENJ Sharpe Ratio Rank: 98
BENJ Sortino Ratio Rank: 98
BENJ Omega Ratio Rank: 99
BENJ Calmar Ratio Rank: 97
BENJ Martin Ratio Rank: 98

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.

SUPL vs. BENJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Supply Chain Logistics ETF (SUPL) and Horizon Landmark ETF (BENJ). 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.

	SUPL	BENJ	Difference
Sharpe ratio: Return per unit of total volatility	1.41	5.65	-4.24
Sortino ratio: Return per unit of downside risk	1.96	9.14	-7.19
Omega ratio: Gain probability vs. loss probability	1.25	4.85	-3.60
Calmar ratio: Return relative to maximum drawdown	2.39	9.74	-7.36
Martin ratio: Return relative to average drawdown	7.41	45.97	-38.56

SUPL vs. BENJ - Sharpe Ratio Comparison

The current SUPL Sharpe Ratio is 1.41, which is lower than the BENJ Sharpe Ratio of 5.65. The chart below compares the historical Sharpe Ratios of SUPL and BENJ, 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

SUPL vs. BENJ - Drawdown Comparison

The maximum SUPL drawdown since its inception was -24.42%, which is greater than BENJ's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for SUPL and BENJ.

Drawdown Indicators

	SUPL	BENJ	Difference
Max Drawdown Largest peak-to-trough decline	-24.42%	-0.39%	-24.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-0.39%	-9.37%
Max Drawdown (3Y) Largest decline over 3 years	-21.71%	—	—
Current Drawdown Current decline from peak	-5.73%	0.00%	-5.73%
Average Drawdown Average peak-to-trough decline	-5.91%	-0.02%	-5.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	0.08%	+3.06%

Volatility

SUPL vs. BENJ - Volatility Comparison

ProShares Supply Chain Logistics ETF (SUPL) has a higher volatility of 5.62% compared to Horizon Landmark ETF (BENJ) at 0.11%. This indicates that SUPL's price experiences larger fluctuations and is considered to be riskier than BENJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUPL	BENJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	0.11%	+5.51%
Volatility (6M) Calculated over the trailing 6-month period	13.49%	0.25%	+13.24%
Volatility (1Y) Calculated over the trailing 1-year period	16.59%	0.67%	+15.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	0.60%	+18.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	0.60%	+18.40%

SUPL vs. BENJ - Expense Ratio Comparison

SUPL has a 0.58% expense ratio, which is higher than BENJ's 0.40% expense ratio.

Dividends

SUPL vs. BENJ - Dividend Comparison

SUPL's dividend yield for the trailing twelve months is around 2.75%, while BENJ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BENJ Horizon Landmark ETF	0.00%	0.00%	0.00%	0.00%	0.00%
SUPL ProShares Supply Chain Logistics ETF	2.75%	3.03%	4.78%	4.71%	3.00%

Frequently Asked Questions

Can I hold both SUPL and BENJ in my portfolio?

SUPL and BENJ have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SUPL or BENJ?

SUPL has higher volatility (5.62%) compared to BENJ (0.11%). In terms of maximum drawdown, SUPL dropped -24.42% vs BENJ's -0.39%.

Which ETF is better, SUPL or BENJ?

On 1-year performance, SUPL leads with 23.18% vs 3.79% for BENJ. On fees, BENJ is cheaper at 0.40% per year. On volatility, BENJ has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUPL or BENJ?

Over the 1-year period, SUPL has performed better with a 23.18% return vs 3.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUPL or BENJ?

BENJ is cheaper with a 0.40% expense ratio, compared with 0.58% for SUPL.

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

SUPL has the higher dividend yield at 2.75%, compared with 0.00% for BENJ.

What is the main difference between SUPL and BENJ?

SUPL is categorized as Industrials Equities, while BENJ is Ultrashort Bond. They also come from different issuers: ProShares and Horizon. Their fees differ too: 0.58% for SUPL and 0.40% for BENJ.

Which has better risk-adjusted returns?

BENJ currently has the higher Sharpe Ratio (5.65 vs 1.41), 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.