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 8.11%/yr vs -61.42%/yr for UVXY. Their -0.52 correlation means they have often moved in opposite directions in the past. 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 17.34% return, which is significantly higher than UVXY's -35.24% 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%
UVXY
- 1D
- -4.24%
- 1M
- -6.17%
- 6M
- -37.50%
- YTD
- -35.24%
- 1Y
- -73.24%
- 3Y*
- -61.42%
- 5Y*
- -68.18%
- 10Y*
- -71.50%
- ALL TIME*
- -80.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $76.25K | $64.52K | $42.91K | |
| $190.03M | $191.90M | $239.87M |
SUPL vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SUPL ProShares Supply Chain Logistics ETF | 17.34% | 9.25% | -2.44% | 23.69% | -11.01% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -35.24% | -65.32% | -50.90% | -87.70% | -49.71% |
Correlation
The correlation between SUPL and UVXY is -0.42, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.42 |
Correlation (3Y) Balances recent behavior with more history. | -0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022 | -0.52 |
The correlation between SUPL and UVXY shifts across timeframes, from -0.52 (all time) to -0.42 (1 year), reflecting how their relationship changes across market environments.
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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 | +2.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.64 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.85 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | -0.95 | +3.78 |
| Martin ratioReturn relative to average drawdown | 9.01 | -1.35 | +10.37 |
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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% | -73.88% | +64.12% |
Max Drawdown (3Y)Largest decline over 3 years | -21.71% | -95.42% | +73.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -4.49% | -100.00% | +95.51% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -98.76% | +92.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 51.60% | -48.54% |
Volatility
SUPL vs. UVXY - Volatility Comparison
The current volatility for ProShares Supply Chain Logistics ETF (SUPL) is 4.09%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 22.30%. 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 | 4.09% | 22.30% | -18.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 65.55% | -52.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.56% | 87.28% | -70.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.89% | 103.39% | -84.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 112.09% | -93.20% |
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 2.51%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SUPL ProShares Supply Chain Logistics ETF | 2.51% | 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 -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (22.30%) compared to SUPL (4.09%). In terms of maximum drawdown, SUPL dropped -24.42% vs UVXY's -100.00%.
On 3-year performance, SUPL leads with 8.11% vs -61.42% for UVXY. 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.
Over the 3-year period, SUPL has performed better with a 8.11% return vs -61.42%. 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 2.51%, 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 (1.67 vs -0.80), 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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