SUPP vs. SUPL

Last updated Jun 3, 2026

SUPP (TCW Transform Supply Chain ETF) and SUPL (ProShares Supply Chain Logistics ETF) are both exchange-traded funds - SUPP is a Large Cap Blend Equities fund actively managed by TCW, while SUPL is a Industrials Equities fund tracking the FactSet Supply Chain Logistics Index - Benchmark TR Net. SUPP is actively managed, while SUPL is passively managed. Over the past 3 years, SUPP returned 19.40%/yr vs 11.82%/yr for SUPL. A 0.67 correlation means they provide meaningful diversification when combined. SUPP charges 0.75%/yr vs 0.58%/yr for SUPL.

Performance

SUPP vs. SUPL - Performance Comparison

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

Returns By Period

In the year-to-date period, SUPP achieves a 21.56% return, which is significantly higher than SUPL's 18.43% return.

SUPP

• 1D: 1.60%
• 1M: 5.58%
• YTD: 21.56%
• 6M: 19.71%
• 1Y: 34.32%
• 3Y*: 19.40%
• 5Y*: —
• 10Y*: —

SUPL

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

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

SUPP vs. SUPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SUPP TCW Transform Supply Chain ETF	21.56%	11.65%	10.95%	12.29%
SUPL ProShares Supply Chain Logistics ETF	18.43%	9.25%	-2.44%	13.06%

Correlation

The correlation between SUPP and SUPL is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023	0.67

The correlation between SUPP and SUPL shifts across timeframes, from 0.56 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.

SUPP vs. SUPL - Sectors Allocation Comparison

Sectors	SUPP	SUPL
Industrials	51.2%	59.7%
Technology	37.9%	1.4%
Consumer Cyclical	6.7%	-
Basic Materials	4.2%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	4.6%
Financial Services	-	-
Healthcare	-	3.4%
Real Estate	-	-
Utilities	-	3.3%

Return for Risk

SUPP vs. SUPL — Risk / Return Rank

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

SUPP

SUPP Risk / Return Rank: 52
SUPP Sharpe Ratio Rank: 51
SUPP Sortino Ratio Rank: 50
SUPP Omega Ratio Rank: 49
SUPP Calmar Ratio Rank: 50
SUPP Martin Ratio Rank: 58

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

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. SUPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Supply Chain ETF (SUPP) and ProShares Supply Chain Logistics ETF (SUPL). 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.

	SUPP	SUPL	Difference
Sharpe ratio Return per unit of total volatility	1.78	1.81	-0.03
Sortino ratio Return per unit of downside risk	2.50	2.48	+0.02
Omega ratio Gain probability vs. loss probability	1.31	1.32	-0.01
Calmar ratio Return relative to maximum drawdown	2.53	3.01	-0.48
Martin ratio Return relative to average drawdown	10.43	9.56	+0.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUPP vs. SUPL - Sharpe Ratio Comparison

The current SUPP Sharpe Ratio is 1.78, which is comparable to the SUPL Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of SUPP and SUPL, 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

	SUPP	SUPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	1.81	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.40	+0.49

Drawdowns

SUPP vs. SUPL - Drawdown Comparison

The maximum SUPP drawdown since its inception was -25.03%, roughly equal to the maximum SUPL drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for SUPP and SUPL.

Drawdown Indicators

	SUPP	SUPL	Difference
Max Drawdown Largest peak-to-trough decline	-25.03%	-24.42%	-0.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-9.76%	-3.83%
Max Drawdown (3Y) Largest decline over 3 years	-25.03%	-21.71%	-3.32%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.42%	-5.97%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	3.07%	+0.22%

Volatility

SUPP vs. SUPL - Volatility Comparison

TCW Transform Supply Chain ETF (SUPP) has a higher volatility of 7.24% compared to ProShares Supply Chain Logistics ETF (SUPL) at 6.12%. This indicates that SUPP's price experiences larger fluctuations and is considered to be riskier than SUPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUPP	SUPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	6.12%	+1.12%
Volatility (6M) Calculated over the trailing 6-month period	16.44%	12.81%	+3.63%
Volatility (1Y) Calculated over the trailing 1-year period	19.37%	16.09%	+3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.45%	18.94%	+0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.45%	18.94%	+0.51%

SUPP vs. SUPL - Expense Ratio Comparison

SUPP has a 0.75% expense ratio, which is higher than SUPL's 0.58% expense ratio.

Dividends

SUPP vs. SUPL - Dividend Comparison

SUPP's dividend yield for the trailing twelve months is around 0.29%, less than SUPL's 2.65% yield.

Position	TTM	2025	2024	2023	2022
SUPL ProShares Supply Chain Logistics ETF	2.65%	3.03%	4.78%	4.71%	3.00%
SUPP TCW Transform Supply Chain ETF	0.29%	0.35%	0.49%	0.45%	0.00%

Frequently Asked Questions

Can I hold both SUPP and SUPL in my portfolio?

SUPP and SUPL have a correlation of 0.56, 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 SUPL?

SUPP has higher volatility (7.24%) compared to SUPL (6.12%). In terms of maximum drawdown, SUPP dropped -25.03% vs SUPL's -24.42%.

Which ETF is better, SUPP or SUPL?

On 3-year performance, SUPP leads with 19.40% vs 11.82% for SUPL. On fees, SUPL is cheaper at 0.58% per year. On volatility, SUPL has been the lower-risk option at 6.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUPP or SUPL?

Over the 3-year period, SUPP has performed better with a 19.40% return vs 11.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUPP or SUPL?

SUPL is cheaper with a 0.58% expense ratio, compared with 0.75% for SUPP.

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

SUPL has the higher dividend yield at 2.65%, compared with 0.29% for SUPP.

What is the main difference between SUPP and SUPL?

SUPP is categorized as Large Cap Blend Equities, while SUPL is Industrials Equities. They also come from different issuers: TCW and ProShares. Their fees differ too: 0.75% for SUPP and 0.58% for SUPL.

Which has better risk-adjusted returns?

SUPL currently has the higher Sharpe Ratio (1.81 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.