SUPL vs. SUPP

Last updated Aug 2, 2026

SUPL (ProShares Supply Chain Logistics ETF) and SUPP (TCW Transform Supply Chain ETF) are both exchange-traded funds - SUPL is a Industrials Equities fund tracking the FactSet Supply Chain Logistics Index - Benchmark TR Net, while SUPP is a Large Cap Blend Equities fund actively managed by TCW. SUPL is passively managed, while SUPP is actively managed. Over the past 3 years, SUPL returned 8.11%/yr vs 14.03%/yr for SUPP. Their 0.65 correlation means they have sometimes moved together and sometimes differently. SUPL charges 0.58%/yr vs 0.75%/yr for SUPP.

Performance

SUPL vs. SUPP - Performance Comparison

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

Returns By Period

In the year-to-date period, SUPL achieves a 17.34% return, which is significantly higher than SUPP's 13.80% return.

SUPL

• 1D: 0.03%
• 1M: -0.11%
• 6M: 12.59%
• YTD: 17.34%
• 1Y: 28.91%
• 3Y*: 8.11%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.69%

SUPP

• 1D: 1.94%
• 1M: -5.19%
• 6M: 9.41%
• YTD: 13.80%
• 1Y: 15.25%
• 3Y*: 14.03%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SUPL ProShares Supply Chain Logistics ETF	$76.25K	$64.52K	$42.91K
SUPP TCW Transform Supply Chain ETF	$10.33K	$10.54K	$22.91K

SUPL vs. SUPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SUPL ProShares Supply Chain Logistics ETF	17.34%	9.25%	-2.44%	12.26%
SUPP TCW Transform Supply Chain ETF	13.80%	11.65%	10.95%	12.32%

Correlation

The correlation between SUPL and SUPP is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023	0.65

The correlation between SUPL and SUPP shifts across timeframes, from 0.52 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

SUPL vs. SUPP - Sectors Allocation Comparison

Sectors	SUPL	SUPP
Industrials	57.1%	51.8%
Energy	4.9%	-
Healthcare	4.3%	-
Utilities	3.2%	-
Technology	1.9%	38.4%
Basic Materials	-	4.0%
Communication Services	-	-
Consumer Cyclical	-	5.8%
Consumer Defensive	-	-
Financial Services	-	-
Real Estate	-	-

Return for Risk

SUPL vs. SUPP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SUPL

SUPL Risk / Return Rank: 73
SUPL Sharpe Ratio Rank: 72
SUPL Sortino Ratio Rank: 70
SUPL Omega Ratio Rank: 72
SUPL Calmar Ratio Rank: 78
SUPL Martin Ratio Rank: 72

SUPP

SUPP Risk / Return Rank: 28
SUPP Sharpe Ratio Rank: 26
SUPP Sortino Ratio Rank: 26
SUPP Omega Ratio Rank: 26
SUPP Calmar Ratio Rank: 29
SUPP Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SUPL vs. SUPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Supply Chain Logistics ETF (SUPL) and TCW Transform Supply Chain ETF (SUPP). 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	SUPP	Difference
Sharpe ratio: Return per unit of total volatility	1.67	0.60	+1.06
Sortino ratio: Return per unit of downside risk	2.29	0.98	+1.31
Omega ratio: Gain probability vs. loss probability	1.30	1.12	+0.18
Calmar ratio: Return relative to maximum drawdown	2.83	0.94	+1.88
Martin ratio: Return relative to average drawdown	9.01	3.36	+5.65

SUPL vs. SUPP - Sharpe Ratio Comparison

The current SUPL Sharpe Ratio is 1.67, which is higher than the SUPP Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of SUPL and SUPP, 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. SUPP - Drawdown Comparison

The maximum SUPL drawdown since its inception was -24.42%, roughly equal to the maximum SUPP drawdown of -25.03%. Use the drawdown chart below to compare losses from any high point for SUPL and SUPP.

Drawdown Indicators

	SUPL	SUPP	Difference
Max Drawdown Largest peak-to-trough decline	-24.42%	-25.03%	+0.61%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-14.60%	+4.84%
Max Drawdown (3Y) Largest decline over 3 years	-21.71%	-25.03%	+3.32%
Current Drawdown Current decline from peak	-4.49%	-10.30%	+5.81%
Average Drawdown Average peak-to-trough decline	-5.82%	-4.44%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	4.10%	-1.04%

Volatility

SUPL vs. SUPP - Volatility Comparison

The current volatility for ProShares Supply Chain Logistics ETF (SUPL) is 4.09%, while TCW Transform Supply Chain ETF (SUPP) has a volatility of 8.12%. This indicates that SUPL experiences smaller price fluctuations and is considered to be less risky than SUPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUPL	SUPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	8.12%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	19.94%	-6.63%
Volatility (1Y) Calculated over the trailing 1-year period	16.56%	22.83%	-6.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	20.23%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	20.23%	-1.34%

SUPL vs. SUPP - Expense Ratio Comparison

SUPL has a 0.58% expense ratio, which is lower than SUPP's 0.75% expense ratio.

Dividends

SUPL vs. SUPP - Dividend Comparison

SUPL's dividend yield for the trailing twelve months is around 2.51%, more than SUPP's 0.31% yield.

Position	TTM	2025	2024	2023	2022
SUPL ProShares Supply Chain Logistics ETF	2.51%	3.03%	4.78%	4.71%	3.00%
SUPP TCW Transform Supply Chain ETF	0.31%	0.35%	0.49%	0.45%	0.00%

Frequently Asked Questions

Can I hold both SUPL and SUPP in my portfolio?

SUPL and SUPP have a correlation of 0.52, 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 SUPP?

SUPP has higher volatility (8.12%) compared to SUPL (4.09%). In terms of maximum drawdown, SUPL dropped -24.42% vs SUPP's -25.03%.

Which ETF is better, SUPL or SUPP?

On 3-year performance, SUPP leads with 14.03% vs 8.11% for SUPL. On fees, SUPL is cheaper at 0.58% per year. On volatility, SUPL has been the lower-risk option at 4.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUPL or SUPP?

Over the 3-year period, SUPP has performed better with a 14.03% return vs 8.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUPL or SUPP?

SUPL is cheaper with a 0.58% expense ratio, compared with 0.75% for SUPP.

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

SUPL has the higher dividend yield at 2.51%, compared with 0.31% for SUPP.

What is the main difference between SUPL and SUPP?

SUPL is categorized as Industrials Equities, while SUPP is Large Cap Blend Equities. They also come from different issuers: ProShares and TCW. Their fees differ too: 0.58% for SUPL and 0.75% for SUPP.

Which has better risk-adjusted returns?

SUPL currently has the higher Sharpe Ratio (1.67 vs 0.60), 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.