SUPL vs. UVXY
SUPL (ProShares Supply Chain Logistics ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - SUPL is a Industrials Equities fund tracking the FactSet Supply Chain Logistics Index - Benchmark TR Net, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 3 years, SUPL returned 9.76%/yr vs -61.73%/yr for UVXY. At a correlation of -0.53, they often move in opposite directions. SUPL charges 0.58%/yr vs 0.95%/yr for UVXY.
Performance
SUPL vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, SUPL achieves a 19.48% return, which is significantly higher than UVXY's -32.31% return.
SUPL
- 1D
- 0.25%
- 1M
- -1.13%
- 6M
- 14.42%
- YTD
- 19.48%
- 1Y
- 25.17%
- 3Y*
- 9.76%
- 5Y*
- —
- 10Y*
- —
UVXY
- 1D
- 4.92%
- 1M
- -15.35%
- 6M
- -29.18%
- YTD
- -32.31%
- 1Y
- -71.44%
- 3Y*
- -61.73%
- 5Y*
- -67.56%
- 10Y*
- -72.05%
SUPL vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SUPL ProShares Supply Chain Logistics ETF | 19.48% | 9.25% | -2.44% | 23.69% | -11.01% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -32.31% | -65.32% | -50.90% | -87.70% | -49.71% |
Correlation
The correlation between SUPL and UVXY is -0.45, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022 | -0.53 |
The correlation between SUPL and UVXY has been stable across timeframes, ranging from -0.53 to -0.45 - a consistent structural relationship.
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Return for Risk
SUPL vs. UVXY — Risk / Return Rank
SUPL
UVXY
SUPL vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Supply Chain Logistics ETF (SUPL) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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 | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.83 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | -0.98 | +3.57 |
| Martin ratioReturn relative to average drawdown | 7.83 | -1.46 | +9.29 |
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Drawdowns
SUPL vs. UVXY - Drawdown Comparison
The maximum SUPL drawdown since its inception was -24.42%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SUPL and UVXY.
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Drawdown Indicators
| SUPL | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.42% | -100.00% | +75.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.76% | -73.42% | +63.66% |
Max Drawdown (3Y)Largest decline over 3 years | -21.71% | -95.32% | +73.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -1.13% | -100.00% | +98.87% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -98.75% | +92.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 48.91% | -45.68% |
Volatility
SUPL vs. UVXY - Volatility Comparison
The current volatility for ProShares Supply Chain Logistics ETF (SUPL) is 5.37%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 21.23%. This indicates that SUPL experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUPL | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 21.23% | -15.86% |
Volatility (6M)Calculated over the trailing 6-month period | 13.39% | 66.69% | -53.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 85.49% | -68.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 103.84% | -84.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 112.03% | -93.10% |
SUPL vs. UVXY - Expense Ratio Comparison
SUPL has a 0.58% expense ratio, which is lower than UVXY's 0.95% expense ratio.
Dividends
SUPL vs. UVXY - Dividend Comparison
SUPL's dividend yield for the trailing twelve months is around 2.46%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SUPL ProShares Supply Chain Logistics ETF | 2.46% | 3.03% | 4.78% | 4.71% | 3.00% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SUPL and UVXY have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (21.23%) compared to SUPL (5.37%). In terms of maximum drawdown, SUPL dropped -24.42% vs UVXY's -100.00%.
On 3-year performance, SUPL leads with 9.76% vs -61.73% for UVXY. On fees, SUPL is cheaper at 0.58% per year. On volatility, SUPL has been the lower-risk option at 5.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SUPL has performed better with a 9.76% return vs -61.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SUPL is cheaper with a 0.58% expense ratio, compared with 0.95% for UVXY.
SUPL has the higher dividend yield at 2.46%, compared with 0.00% for UVXY.
SUPL is categorized as Industrials Equities, while UVXY is Volatility. SUPL tracks FactSet Supply Chain Logistics Index - Benchmark TR Net, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.58% for SUPL and 0.95% for UVXY.
SUPL currently has the higher Sharpe Ratio (1.53 vs -0.84), 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.
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