SUPP vs. BDRY

Last updated Jun 23, 2026

SUPP (TCW Transform Supply Chain ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - SUPP is a Large Cap Blend Equities fund actively managed by TCW, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. SUPP is actively managed, while BDRY is passively managed. Over the past 3 years, SUPP returned 19.81%/yr vs 23.42%/yr for BDRY. At a 0.03 correlation, their price movements are largely independent. SUPP charges 0.75%/yr vs 3.76%/yr for BDRY.

Performance

SUPP vs. BDRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Transform Supply Chain ETF (SUPP) and Breakwave Dry Bulk Shipping ETF (BDRY). 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 BDRY's 32.04% return.

SUPP

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

BDRY

• 1D: 0.09%
• 1M: -8.64%
• YTD: 32.04%
• 6M: 30.41%
• 1Y: 102.09%
• 3Y*: 23.42%
• 5Y*: -16.12%
• 10Y*: —

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

SUPP vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SUPP TCW Transform Supply Chain ETF	25.93%	11.65%	10.95%	12.32%
BDRY Breakwave Dry Bulk Shipping ETF	32.04%	44.24%	-47.40%	71.77%

Correlation

The correlation between SUPP and BDRY is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023	0.03

The correlation between SUPP and BDRY shifts across timeframes, from -0.11 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SUPP vs. BDRY — 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

BDRY

BDRY Risk / Return Rank: 73
BDRY Sharpe Ratio Rank: 80
BDRY Sortino Ratio Rank: 65
BDRY Omega Ratio Rank: 60
BDRY Calmar Ratio Rank: 87
BDRY Martin Ratio Rank: 74

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. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Supply Chain ETF (SUPP) and Breakwave Dry Bulk Shipping ETF (BDRY). 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	BDRY	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.44	-0.66
Sortino ratio: Return per unit of downside risk	2.48	2.88	-0.40
Omega ratio: Gain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratio: Return relative to maximum drawdown	2.73	4.75	-2.03
Martin ratio: Return relative to average drawdown	11.11	13.45	-2.34

SUPP vs. BDRY - Sharpe Ratio Comparison

The current SUPP Sharpe Ratio is 1.78, which is comparable to the BDRY Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of SUPP and BDRY, 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. BDRY - Drawdown Comparison

The maximum SUPP drawdown since its inception was -25.03%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for SUPP and BDRY.

Drawdown Indicators

	SUPP	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	-25.03%	-89.16%	+64.13%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-21.60%	+8.01%
Max Drawdown (3Y) Largest decline over 3 years	-25.03%	-69.71%	+44.68%
Max Drawdown (5Y) Largest decline over 5 years	—	-89.16%	—
Current Drawdown Current decline from peak	0.00%	-72.10%	+72.10%
Average Drawdown Average peak-to-trough decline	-4.36%	-58.42%	+54.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	7.62%	-4.29%

Volatility

SUPP vs. BDRY - Volatility Comparison

TCW Transform Supply Chain ETF (SUPP) has a higher volatility of 8.46% compared to Breakwave Dry Bulk Shipping ETF (BDRY) at 7.86%. This indicates that SUPP's price experiences larger fluctuations and is considered to be riskier than BDRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUPP	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.46%	7.86%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	17.72%	29.21%	-11.49%
Volatility (1Y) Calculated over the trailing 1-year period	20.81%	42.17%	-21.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	60.25%	-40.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	62.41%	-42.64%

SUPP vs. BDRY - Expense Ratio Comparison

SUPP has a 0.75% expense ratio, which is lower than BDRY's 3.76% expense ratio.

Dividends

SUPP vs. BDRY - Dividend Comparison

SUPP's dividend yield for the trailing twelve months is around 0.28%, while BDRY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BDRY Breakwave Dry Bulk Shipping ETF	0.00%	0.00%	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 BDRY in my portfolio?

SUPP and BDRY have a correlation of -0.11, 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 BDRY?

SUPP has higher volatility (8.46%) compared to BDRY (7.86%). In terms of maximum drawdown, SUPP dropped -25.03% vs BDRY's -89.16%.

Which ETF is better, SUPP or BDRY?

On 3-year performance, BDRY leads with 23.42% vs 19.81% for SUPP. On fees, SUPP is cheaper at 0.75% per year. On volatility, BDRY has been the lower-risk option at 7.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUPP or BDRY?

Over the 3-year period, BDRY has performed better with a 23.42% return vs 19.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUPP or BDRY?

SUPP is cheaper with a 0.75% expense ratio, compared with 3.76% for BDRY.

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

SUPP has the higher dividend yield at 0.28%, compared with 0.00% for BDRY.

What is the main difference between SUPP and BDRY?

SUPP is categorized as Large Cap Blend Equities, while BDRY is Commodities. They also come from different issuers: TCW and ETFMG. Their fees differ too: 0.75% for SUPP and 3.76% for BDRY.

Which has better risk-adjusted returns?

BDRY currently has the higher Sharpe Ratio (2.44 vs 1.78), 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.