Correlation
The correlation between SUPP and AIRR is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
SUPP vs. AIRR
Compare and contrast key facts about TCW Transform Supply Chain ETF (SUPP) and First Trust RBA American Industrial Renaissance ETF (AIRR).
SUPP and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SUPP is an actively managed fund by TCW. It was launched on Feb 14, 2023. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SUPP or AIRR.
Performance
SUPP vs. AIRR - Performance Comparison
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Key characteristics
SUPP:
-0.00
AIRR:
0.17
SUPP:
0.08
AIRR:
0.50
SUPP:
1.01
AIRR:
1.06
SUPP:
-0.05
AIRR:
0.20
SUPP:
-0.15
AIRR:
0.53
SUPP:
8.79%
AIRR:
10.66%
SUPP:
23.22%
AIRR:
29.10%
SUPP:
-25.03%
AIRR:
-42.37%
SUPP:
-8.69%
AIRR:
-10.90%
Returns By Period
In the year-to-date period, SUPP achieves a 1.01% return, which is significantly higher than AIRR's -0.50% return.
SUPP
1.01%
5.90%
-7.05%
-0.68%
N/A
N/A
N/A
AIRR
-0.50%
8.00%
-10.25%
5.59%
24.12%
27.14%
15.61%
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SUPP vs. AIRR - Expense Ratio Comparison
SUPP has a 0.75% expense ratio, which is higher than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
SUPP vs. AIRR — Risk-Adjusted Performance Rank
SUPP
AIRR
SUPP vs. AIRR - Risk-Adjusted Performance 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.
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Dividends
SUPP vs. AIRR - Dividend Comparison
SUPP's dividend yield for the trailing twelve months is around 0.40%, more than AIRR's 0.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUPP TCW Transform Supply Chain ETF | 0.40% | 0.49% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.27% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% |
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.
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Volatility
SUPP vs. AIRR - Volatility Comparison
The current volatility for TCW Transform Supply Chain ETF (SUPP) is 4.38%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 7.15%. 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.
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