SUPL vs. WARP

Last updated Aug 2, 2026

SUPL (ProShares Supply Chain Logistics ETF) and WARP (VanEck Space ETF) are both Industrials Equities funds - SUPL tracks the FactSet Supply Chain Logistics Index - Benchmark TR Net while WARP tracks the MarketVector Space Index. Both are passively managed. Their 0.10 correlation means their historical movements had little consistent relationship. SUPL charges 0.58%/yr vs 0.50%/yr for WARP.

Performance

SUPL vs. WARP - Performance Comparison

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

Returns By Period

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%

WARP

• 1D: 0.12%
• 1M: -24.88%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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
WARP VanEck Space ETF	$689.03K	$935.93K	$3.74M

SUPL vs. WARP - Yearly Performance Comparison

	2026 (YTD)
SUPL ProShares Supply Chain Logistics ETF	2.82%
WARP VanEck Space ETF	-28.08%

Correlation

The correlation between SUPL and WARP is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.10

Return for Risk

SUPL vs. WARP — 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

WARP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. WARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Supply Chain Logistics ETF (SUPL) and VanEck Space ETF (WARP). 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	WARP	Difference
Sharpe ratio: Return per unit of total volatility	1.67	—	—
Sortino ratio: Return per unit of downside risk	2.29	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.83	—	—
Martin ratio: Return relative to average drawdown	9.01	—	—

Drawdowns

SUPL vs. WARP - Drawdown Comparison

The maximum SUPL drawdown since its inception was -24.42%, smaller than the maximum WARP drawdown of -53.52%. Use the drawdown chart below to compare losses from any high point for SUPL and WARP.

Drawdown Indicators

	SUPL	WARP	Difference
Max Drawdown Largest peak-to-trough decline	-24.42%	-53.52%	+29.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.71%	—	—
Current Drawdown Current decline from peak	-4.49%	-51.22%	+46.73%
Average Drawdown Average peak-to-trough decline	-5.82%	-27.73%	+21.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	—	—

Volatility

Volatility by Period

	SUPL	WARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.56%	76.65%	-60.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	76.65%	-57.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	76.65%	-57.76%

SUPL vs. WARP - Expense Ratio Comparison

SUPL has a 0.58% expense ratio, which is higher than WARP's 0.50% expense ratio.

Dividends

SUPL vs. WARP - Dividend Comparison

SUPL's dividend yield for the trailing twelve months is around 2.51%, while WARP 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%
WARP VanEck Space ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SUPL and WARP in my portfolio?

SUPL and WARP have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUPL or WARP?

On fees, WARP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SUPL or WARP?

WARP is cheaper with a 0.50% expense ratio, compared with 0.58% for SUPL.

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

SUPL has the higher dividend yield at 2.51%, compared with 0.00% for WARP.

What is the main difference between SUPL and WARP?

SUPL tracks FactSet Supply Chain Logistics Index - Benchmark TR Net, while WARP tracks MarketVector Space Index. They also come from different issuers: ProShares and VanEck. Their fees differ too: 0.58% for SUPL and 0.50% for WARP.