SUPL vs. XLI

Last updated Jun 3, 2026

SUPL (ProShares Supply Chain Logistics ETF) and XLI (Industrial Select Sector SPDR Fund) are both Industrials Equities funds - SUPL tracks the FactSet Supply Chain Logistics Index - Benchmark TR Net while XLI tracks the Industrial Select Sector Index. Both are passively managed. Over the past 3 years, SUPL returned 11.82%/yr vs 21.75%/yr for XLI. A 0.77 correlation means they provide meaningful diversification when combined. SUPL charges 0.58%/yr vs 0.13%/yr for XLI.

Performance

SUPL vs. XLI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Supply Chain Logistics ETF (SUPL) and Industrial Select Sector SPDR Fund (XLI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SUPL achieves a 18.43% return, which is significantly higher than XLI's 12.61% return.

SUPL

• 1D: 0.07%
• 1M: 3.30%
• YTD: 18.43%
• 6M: 21.89%
• 1Y: 28.98%
• 3Y*: 11.82%
• 5Y*: —
• 10Y*: —

XLI

• 1D: 1.04%
• 1M: 0.71%
• YTD: 12.61%
• 6M: 14.74%
• 1Y: 23.76%
• 3Y*: 21.75%
• 5Y*: 12.35%
• 10Y*: 14.00%

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

SUPL vs. XLI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SUPL ProShares Supply Chain Logistics ETF	18.43%	9.25%	-2.44%	23.69%	-13.32%
XLI Industrial Select Sector SPDR Fund	12.61%	19.35%	17.31%	18.13%	-0.57%

Correlation

The correlation between SUPL and XLI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022	0.77

The correlation between SUPL and XLI has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.

SUPL vs. XLI - Sectors Allocation Comparison

Sectors	SUPL	XLI
Industrials	59.7%	90.3%
Energy	4.6%	-
Healthcare	3.4%	-
Utilities	3.3%	5.2%
Technology	1.4%	3.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	0.5%
Consumer Defensive	-	-
Financial Services	-	-
Real Estate	-	-

Return for Risk

SUPL vs. XLI — Risk / Return Rank

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

SUPL

SUPL Risk / Return Rank: 53
SUPL Sharpe Ratio Rank: 52
SUPL Sortino Ratio Rank: 50
SUPL Omega Ratio Rank: 50
SUPL Calmar Ratio Rank: 59
SUPL Martin Ratio Rank: 55

XLI

XLI Risk / Return Rank: 43
XLI Sharpe Ratio Rank: 44
XLI Sortino Ratio Rank: 45
XLI Omega Ratio Rank: 41
XLI Calmar Ratio Rank: 39
XLI Martin Ratio Rank: 46

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. XLI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Supply Chain Logistics ETF (SUPL) and Industrial Select Sector SPDR Fund (XLI). 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.

	SUPL	XLI	Difference
Sharpe ratio Return per unit of total volatility	1.81	1.55	+0.26
Sortino ratio Return per unit of downside risk	2.48	2.27	+0.21
Omega ratio Gain probability vs. loss probability	1.32	1.27	+0.05
Calmar ratio Return relative to maximum drawdown	3.01	1.93	+1.07
Martin ratio Return relative to average drawdown	9.56	7.70	+1.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUPL vs. XLI - Sharpe Ratio Comparison

The current SUPL Sharpe Ratio is 1.81, which is comparable to the XLI Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of SUPL and XLI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SUPL	XLI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.55	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.45	-0.05

Drawdowns

SUPL vs. XLI - Drawdown Comparison

The maximum SUPL drawdown since its inception was -24.42%, smaller than the maximum XLI drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for SUPL and XLI.

Drawdown Indicators

	SUPL	XLI	Difference
Max Drawdown Largest peak-to-trough decline	-24.42%	-62.26%	+37.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-12.21%	+2.45%
Max Drawdown (3Y) Largest decline over 3 years	-21.71%	-18.49%	-3.22%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.33%	—
Current Drawdown Current decline from peak	0.00%	-2.36%	+2.36%
Average Drawdown Average peak-to-trough decline	-5.97%	-9.21%	+3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	3.07%	0.00%

Volatility

SUPL vs. XLI - Volatility Comparison

ProShares Supply Chain Logistics ETF (SUPL) has a higher volatility of 6.12% compared to Industrial Select Sector SPDR Fund (XLI) at 4.96%. This indicates that SUPL's price experiences larger fluctuations and is considered to be riskier than XLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUPL	XLI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	4.96%	+1.16%
Volatility (6M) Calculated over the trailing 6-month period	12.81%	12.88%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.09%	15.38%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.94%	17.42%	+1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.94%	19.99%	-1.05%

SUPL vs. XLI - Expense Ratio Comparison

SUPL has a 0.58% expense ratio, which is higher than XLI's 0.13% expense ratio.

Dividends

SUPL vs. XLI - Dividend Comparison

SUPL's dividend yield for the trailing twelve months is around 2.65%, more than XLI's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SUPL ProShares Supply Chain Logistics ETF	2.65%	3.03%	4.78%	4.71%	3.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLI Industrial Select Sector SPDR Fund	1.17%	1.29%	1.44%	1.63%	1.63%	1.25%	1.55%	1.94%	2.15%	1.77%	2.07%	2.15%

Frequently Asked Questions

Can I hold both SUPL and XLI in my portfolio?

SUPL and XLI have a correlation of 0.71, 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 XLI?

SUPL has higher volatility (6.12%) compared to XLI (4.96%). In terms of maximum drawdown, SUPL dropped -24.42% vs XLI's -62.26%.

Which ETF is better, SUPL or XLI?

On 3-year performance, XLI leads with 21.75% vs 11.82% for SUPL. On fees, XLI is cheaper at 0.13% per year. On volatility, XLI has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUPL or XLI?

Over the 3-year period, XLI has performed better with a 21.75% return vs 11.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUPL or XLI?

XLI is cheaper with a 0.13% expense ratio, compared with 0.58% for SUPL.

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

SUPL has the higher dividend yield at 2.65%, compared with 1.17% for XLI.

What is the main difference between SUPL and XLI?

SUPL tracks FactSet Supply Chain Logistics Index - Benchmark TR Net, while XLI tracks Industrial Select Sector Index. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.58% for SUPL and 0.13% for XLI.

Which has better risk-adjusted returns?

SUPL currently has the higher Sharpe Ratio (1.81 vs 1.55), 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.