SUPP vs. AFOS

Last updated Jun 23, 2026

SUPP (TCW Transform Supply Chain ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. Their correlation of 0.85 suggests significant overlap in exposure. SUPP charges 0.75%/yr vs 0.45%/yr for AFOS.

Performance

SUPP vs. AFOS - Performance Comparison

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

Returns By Period

In the year-to-date period, SUPP achieves a 25.93% return, which is significantly lower than AFOS's 36.79% return.

SUPP

• 1D: 0.28%
• 1M: 8.80%
• YTD: 25.93%
• 6M: 25.68%
• 1Y: 36.89%
• 3Y*: 19.81%
• 5Y*: —
• 10Y*: —

AFOS

• 1D: 0.72%
• 1M: 8.55%
• YTD: 36.79%
• 6M: 36.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SUPP vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
SUPP TCW Transform Supply Chain ETF	25.93%	6.30%
AFOS ARS Focused Opportunities Strategy ETF	36.79%	37.10%

Correlation

The correlation between SUPP and AFOS is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.85

Return for Risk

SUPP vs. AFOS — Risk / Return Rank

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

SUPP

SUPP Risk / Return Rank: 56
SUPP Sharpe Ratio Rank: 55
SUPP Sortino Ratio Rank: 53
SUPP Omega Ratio Rank: 52
SUPP Calmar Ratio Rank: 57
SUPP Martin Ratio Rank: 63

AFOS

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

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.

SUPP vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Supply Chain ETF (SUPP) and ARS Focused Opportunities Strategy ETF (AFOS). 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.

	SUPP	AFOS	Difference
Sharpe ratio: Return per unit of total volatility	1.78	—	—
Sortino ratio: Return per unit of downside risk	2.48	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.73	—	—
Martin ratio: Return relative to average drawdown	11.11	—	—

Drawdowns

SUPP vs. AFOS - Drawdown Comparison

The maximum SUPP drawdown since its inception was -25.03%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for SUPP and AFOS.

Drawdown Indicators

	SUPP	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-25.03%	-11.52%	-13.51%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.03%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.36%	-1.41%	-2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	—	—

Volatility

Volatility by Period

	SUPP	AFOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.81%	21.17%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	21.17%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	21.17%	-1.40%

SUPP vs. AFOS - Expense Ratio Comparison

SUPP has a 0.75% expense ratio, which is higher than AFOS's 0.45% expense ratio.

Dividends

SUPP vs. AFOS - Dividend Comparison

SUPP's dividend yield for the trailing twelve months is around 0.28%, more than AFOS's 0.22% yield.

Position	TTM	2025	2024	2023
AFOS ARS Focused Opportunities Strategy ETF	0.22%	0.30%	0.00%	0.00%
SUPP TCW Transform Supply Chain ETF	0.28%	0.35%	0.49%	0.45%

Frequently Asked Questions

Can I hold both SUPP and AFOS in my portfolio?

SUPP and AFOS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUPP or AFOS?

On fees, AFOS is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SUPP or AFOS?

AFOS is cheaper with a 0.45% expense ratio, compared with 0.75% for SUPP.

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

SUPP has the higher dividend yield at 0.28%, compared with 0.22% for AFOS.

What is the main difference between SUPP and AFOS?

They also come from different issuers: TCW and ARS Investment Partners. Their fees differ too: 0.75% for SUPP and 0.45% for AFOS.