WARP vs. SUPL

Last updated Jun 23, 2026

WARP (VanEck Space ETF) and SUPL (ProShares Supply Chain Logistics ETF) are both Industrials Equities funds - WARP tracks the MarketVector Space Index while SUPL tracks the FactSet Supply Chain Logistics Index - Benchmark TR Net. Both are passively managed. At a 0.29 correlation, their price movements are largely independent. WARP charges 0.50%/yr vs 0.58%/yr for SUPL.

Performance

WARP vs. SUPL - Performance Comparison

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

Returns By Period

WARP

• 1D: -6.61%
• 1M: -29.11%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SUPL

• 1D: 0.24%
• 1M: 0.62%
• YTD: 14.70%
• 6M: 14.04%
• 1Y: 25.32%
• 3Y*: 10.64%
• 5Y*: —
• 10Y*: —

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

WARP vs. SUPL - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	-7.76%
SUPL ProShares Supply Chain Logistics ETF	0.51%

Correlation

The correlation between WARP and SUPL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.29

Return for Risk

WARP vs. SUPL — Risk / Return Rank

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

WARP

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

SUPL

SUPL Risk / Return Rank: 47
SUPL Sharpe Ratio Rank: 45
SUPL Sortino Ratio Rank: 43
SUPL Omega Ratio Rank: 43
SUPL Calmar Ratio Rank: 54
SUPL Martin Ratio Rank: 49

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.

WARP vs. SUPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space ETF (WARP) 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.

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.

	WARP	SUPL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.54	—
Sortino ratio: Return per unit of downside risk	—	2.11	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.61	—
Martin ratio: Return relative to average drawdown	—	8.15	—

Drawdowns

WARP vs. SUPL - Drawdown Comparison

The maximum WARP drawdown since its inception was -37.43%, which is greater than SUPL's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for WARP and SUPL.

Drawdown Indicators

	WARP	SUPL	Difference
Max Drawdown Largest peak-to-trough decline	-37.43%	-24.42%	-13.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.71%	—
Current Drawdown Current decline from peak	-37.43%	-5.10%	-32.33%
Average Drawdown Average peak-to-trough decline	-12.70%	-5.91%	-6.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.11%	—

Volatility

Volatility by Period

	WARP	SUPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	90.52%	16.60%	+73.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.52%	19.01%	+71.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.52%	19.01%	+71.51%

WARP vs. SUPL - Expense Ratio Comparison

WARP has a 0.50% expense ratio, which is lower than SUPL's 0.58% expense ratio.

Dividends

WARP vs. SUPL - Dividend Comparison

WARP has not paid dividends to shareholders, while SUPL's dividend yield for the trailing twelve months is around 2.74%.

Position	TTM	2025	2024	2023	2022
SUPL ProShares Supply Chain Logistics ETF	2.74%	3.03%	4.78%	4.71%	3.00%
WARP VanEck Space ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WARP and SUPL in my portfolio?

WARP and SUPL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WARP or SUPL?

On fees, WARP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WARP or SUPL?

WARP is cheaper with a 0.50% expense ratio, compared with 0.58% for SUPL.

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

SUPL has the higher dividend yield at 2.74%, compared with 0.00% for WARP.

What is the main difference between WARP and SUPL?

WARP tracks MarketVector Space Index, while SUPL tracks FactSet Supply Chain Logistics Index - Benchmark TR Net. They also come from different issuers: VanEck and ProShares. Their fees differ too: 0.50% for WARP and 0.58% for SUPL.