SUPL vs. IQQQ

Last updated Jun 26, 2026

SUPL (ProShares Supply Chain Logistics ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - SUPL is a Industrials Equities fund tracking the FactSet Supply Chain Logistics Index - Benchmark TR Net, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Over the past year, SUPL returned 25.35% vs 29.47% for IQQQ. At a 0.50 correlation, their price movements are largely independent. SUPL charges 0.58%/yr vs 0.55%/yr for IQQQ.

Performance

SUPL vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Supply Chain Logistics ETF (SUPL) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SUPL achieves a 15.50% return, which is significantly higher than IQQQ's 13.95% return.

SUPL

• 1D: 1.66%
• 1M: -0.30%
• YTD: 15.50%
• 6M: 14.18%
• 1Y: 25.35%
• 3Y*: 10.48%
• 5Y*: —
• 10Y*: —

IQQQ

• 1D: 0.87%
• 1M: -2.10%
• YTD: 13.95%
• 6M: 12.28%
• 1Y: 29.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SUPL vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SUPL ProShares Supply Chain Logistics ETF	15.50%	9.25%	-0.18%
IQQQ ProShares Nasdaq-100 High Income ETF	13.95%	17.11%	14.82%

Correlation

The correlation between SUPL and IQQQ is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	0.50

Return for Risk

SUPL vs. IQQQ — Risk / Return Rank

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

SUPL

SUPL Risk / Return Rank: 52
SUPL Sharpe Ratio Rank: 49
SUPL Sortino Ratio Rank: 47
SUPL Omega Ratio Rank: 49
SUPL Calmar Ratio Rank: 60
SUPL Martin Ratio Rank: 52

IQQQ

IQQQ Risk / Return Rank: 58
IQQQ Sharpe Ratio Rank: 61
IQQQ Sortino Ratio Rank: 54
IQQQ Omega Ratio Rank: 56
IQQQ Calmar Ratio Rank: 62
IQQQ Martin Ratio Rank: 59

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. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Supply Chain Logistics ETF (SUPL) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.74	-0.21
Sortino ratio: Return per unit of downside risk	2.12	2.28	-0.17
Omega ratio: Gain probability vs. loss probability	1.28	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.61	2.66	-0.05
Martin ratio: Return relative to average drawdown	8.02	9.05	-1.03

SUPL vs. IQQQ - Sharpe Ratio Comparison

The current SUPL Sharpe Ratio is 1.53, which is comparable to the IQQQ Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of SUPL and IQQQ, 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. IQQQ - Drawdown Comparison

The maximum SUPL drawdown since its inception was -24.42%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for SUPL and IQQQ.

Drawdown Indicators

	SUPL	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-24.42%	-20.41%	-4.01%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-11.13%	+1.37%
Max Drawdown (3Y) Largest decline over 3 years	-21.71%	—	—
Current Drawdown Current decline from peak	-4.43%	-4.31%	-0.12%
Average Drawdown Average peak-to-trough decline	-5.91%	-3.63%	-2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	3.27%	-0.10%

Volatility

SUPL vs. IQQQ - Volatility Comparison

The current volatility for ProShares Supply Chain Logistics ETF (SUPL) is 5.63%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 8.20%. This indicates that SUPL experiences smaller price fluctuations and is considered to be less risky than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUPL	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	8.20%	-2.57%
Volatility (6M) Calculated over the trailing 6-month period	13.58%	13.57%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	16.63%	17.00%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	19.06%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	19.06%	-0.06%

SUPL vs. IQQQ - Expense Ratio Comparison

SUPL has a 0.58% expense ratio, which is higher than IQQQ's 0.55% expense ratio.

Dividends

SUPL vs. IQQQ - Dividend Comparison

SUPL's dividend yield for the trailing twelve months is around 2.54%, less than IQQQ's 4.61% yield.

Position	TTM	2025	2024	2023	2022
IQQQ ProShares Nasdaq-100 High Income ETF	4.61%	10.34%	7.27%	0.00%	0.00%
SUPL ProShares Supply Chain Logistics ETF	2.54%	3.03%	4.78%	4.71%	3.00%

Frequently Asked Questions

Can I hold both SUPL and IQQQ in my portfolio?

SUPL and IQQQ have a correlation of 0.43, 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 IQQQ?

IQQQ has higher volatility (8.20%) compared to SUPL (5.63%). In terms of maximum drawdown, SUPL dropped -24.42% vs IQQQ's -20.41%.

Which ETF is better, SUPL or IQQQ?

On 1-year performance, IQQQ leads with 29.47% vs 25.35% for SUPL. On fees, IQQQ is cheaper at 0.55% per year. On volatility, SUPL has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUPL or IQQQ?

Over the 1-year period, IQQQ has performed better with a 29.47% return vs 25.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUPL or IQQQ?

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

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

IQQQ has the higher dividend yield at 4.61%, compared with 2.54% for SUPL.

What is the main difference between SUPL and IQQQ?

SUPL is categorized as Industrials Equities, while IQQQ is Nasdaq-100. SUPL tracks FactSet Supply Chain Logistics Index - Benchmark TR Net, while IQQQ tracks Nasdaq-100 Daily Covered Call Index. Their fees differ too: 0.58% for SUPL and 0.55% for IQQQ.

Which has better risk-adjusted returns?

IQQQ currently has the higher Sharpe Ratio (1.74 vs 1.53), 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.