SUPP vs. AIRR

Last updated Aug 2, 2026

SUPP (TCW Transform Supply Chain ETF) and AIRR (First Trust RBA American Industrial Renaissance ETF) are both exchange-traded funds - SUPP is a Large Cap Blend Equities fund actively managed by TCW, while AIRR is a Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. SUPP is actively managed, while AIRR is passively managed. Over the past 3 years, SUPP returned 14.03%/yr vs 29.02%/yr for AIRR. Their correlation of 0.82 means they have usually moved in the same direction. SUPP charges 0.75%/yr vs 0.69%/yr for AIRR.

Performance

SUPP vs. AIRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Transform Supply Chain ETF (SUPP) and First Trust RBA American Industrial Renaissance ETF (AIRR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SUPP achieves a 13.80% return, which is significantly lower than AIRR's 19.12% return.

SUPP

• 1D: 1.94%
• 1M: -5.19%
• 6M: 9.41%
• YTD: 13.80%
• 1Y: 15.25%
• 3Y*: 14.03%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.23%

AIRR

• 1D: 1.59%
• 1M: -7.04%
• 6M: 6.28%
• YTD: 19.12%
• 1Y: 37.54%
• 3Y*: 29.02%
• 5Y*: 23.37%
• 10Y*: 20.11%
• ALL TIME*: 15.59%

*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)
AIRR First Trust RBA American Industrial Renaissance ETF	$86.28M	$88.15M	$93.52M
SUPP TCW Transform Supply Chain ETF	$10.33K	$10.54K	$22.91K

SUPP vs. AIRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SUPP TCW Transform Supply Chain ETF	13.80%	11.65%	10.95%	12.32%
AIRR First Trust RBA American Industrial Renaissance ETF	19.12%	27.92%	33.45%	17.43%

Correlation

The correlation between SUPP and AIRR is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023	0.82

The correlation between SUPP and AIRR has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

SUPP vs. AIRR - Sectors Allocation Comparison

Sectors	SUPP	AIRR
Industrials	51.8%	77.6%
Technology	38.4%	3.4%
Consumer Cyclical	5.8%	1.9%
Basic Materials	4.0%	3.4%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	1.7%
Financial Services	-	12.1%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SUPP vs. AIRR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SUPP

SUPP Risk / Return Rank: 28
SUPP Sharpe Ratio Rank: 26
SUPP Sortino Ratio Rank: 26
SUPP Omega Ratio Rank: 26
SUPP Calmar Ratio Rank: 29
SUPP Martin Ratio Rank: 34

AIRR

AIRR Risk / Return Rank: 54
AIRR Sharpe Ratio Rank: 51
AIRR Sortino Ratio Rank: 50
AIRR Omega Ratio Rank: 46
AIRR Calmar Ratio Rank: 57
AIRR Martin Ratio Rank: 64

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.

SUPP vs. AIRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Supply Chain ETF (SUPP) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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	AIRR	Difference
Sharpe ratio: Return per unit of total volatility	0.60	1.23	-0.63
Sortino ratio: Return per unit of downside risk	0.98	1.77	-0.79
Omega ratio: Gain probability vs. loss probability	1.12	1.21	-0.09
Calmar ratio: Return relative to maximum drawdown	0.94	2.01	-1.07
Martin ratio: Return relative to average drawdown	3.36	7.71	-4.35

SUPP vs. AIRR - Sharpe Ratio Comparison

The current SUPP Sharpe Ratio is 0.60, which is lower than the AIRR Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of SUPP and AIRR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SUPP vs. AIRR - Drawdown Comparison

The maximum SUPP drawdown since its inception was -25.03%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for SUPP and AIRR.

Drawdown Indicators

	SUPP	AIRR	Difference
Max Drawdown Largest peak-to-trough decline	-25.03%	-42.37%	+17.34%
Max Drawdown (1Y) Largest decline over 1 year	-14.60%	-17.18%	+2.58%
Max Drawdown (3Y) Largest decline over 3 years	-25.03%	-27.95%	+2.92%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.37%	—
Current Drawdown Current decline from peak	-10.30%	-12.16%	+1.86%
Average Drawdown Average peak-to-trough decline	-4.44%	-7.46%	+3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	4.48%	-0.38%

Volatility

SUPP vs. AIRR - Volatility Comparison

The current volatility for TCW Transform Supply Chain ETF (SUPP) is 8.12%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 10.08%. This indicates that SUPP experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUPP	AIRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.12%	10.08%	-1.96%
Volatility (6M) Calculated over the trailing 6-month period	19.94%	22.37%	-2.43%
Volatility (1Y) Calculated over the trailing 1-year period	22.83%	28.07%	-5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.23%	25.72%	-5.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.23%	26.47%	-6.24%

SUPP vs. AIRR - Expense Ratio Comparison

SUPP has a 0.75% expense ratio, which is higher than AIRR's 0.69% expense ratio.

Dividends

SUPP vs. AIRR - Dividend Comparison

SUPP's dividend yield for the trailing twelve months is around 0.31%, more than AIRR's 0.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIRR First Trust RBA American Industrial Renaissance ETF	0.09%	0.19%	0.18%	0.23%	0.12%	0.05%	0.10%	0.20%	0.43%	0.30%	0.08%	0.47%
SUPP TCW Transform Supply Chain ETF	0.31%	0.35%	0.49%	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SUPP and AIRR in my portfolio?

SUPP and AIRR 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 is riskier, SUPP or AIRR?

AIRR has higher volatility (10.08%) compared to SUPP (8.12%). In terms of maximum drawdown, SUPP dropped -25.03% vs AIRR's -42.37%.

Which ETF is better, SUPP or AIRR?

On 3-year performance, AIRR leads with 29.02% vs 14.03% for SUPP. On fees, AIRR is cheaper at 0.69% per year. On volatility, SUPP has been the lower-risk option at 8.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUPP or AIRR?

Over the 3-year period, AIRR has performed better with a 29.02% return vs 14.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUPP or AIRR?

AIRR is cheaper with a 0.69% expense ratio, compared with 0.75% for SUPP.

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

SUPP has the higher dividend yield at 0.31%, compared with 0.09% for AIRR.

What is the main difference between SUPP and AIRR?

SUPP is categorized as Large Cap Blend Equities, while AIRR is Building & Construction. They also come from different issuers: TCW and First Trust. Their fees differ too: 0.75% for SUPP and 0.69% for AIRR.

Which has better risk-adjusted returns?

AIRR currently has the higher Sharpe Ratio (1.23 vs 0.60), 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.