At a glance
SUPL charges 0.58% a year, above the 0.49% average of the 4 funds most like it (the 3rd cheapest of 5). It has $2.4M in assets, the 4th largest of that group; it paid 2.28% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +21.1% with distributions reinvested (S&P 500: +11.5%), 2nd of those 5 funds; over three years it returned +12.8% a year. Its ten largest positions make up 46.1% of the fund, out of 40 in all.
The short version
ProShares Supply Chain Logistics ETF (SUPL) tracks the FactSet Supply Chain Logistics Index: up to 40 railroad, shipping, trucking, courier and logistics companies, weighted by size. It offers a freight theme that reaches beyond the US, with about 54% in US stocks as of August 31, 2026. The drawbacks: a 0.58% annual expense ratio, above the 0.49% average of similar funds, and just $2.4 million in net assets on that date.
Price history
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SUPL +21.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| SUPL official prospectus, to Dec 31, 2025 | — | +9.03% | — | — | — | +4.23% |
| SUPL price data to Oct 27, 2026 | +13.8% | +21.1% | +12.8% | — | — | +6.6% |
- Over the year to Oct 27, 2026, SUPL returned +21.1%, 2nd of 5 among similar funds.
- Its worst full calendar year was 2024 (-2.4%); its best was 2023 (+23.7%).
- The deepest fall in its price history was 24.4% (May 4, 2022 to Sep 30, 2022), recovered by Jul 3, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +13.8% | — |
| 2025 | +9.2% | — |
| 2024 | -2.4% | +9.03% |
| 2023 | +23.7% | -2.39% |
| 2022 | — | +23.09% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.5100 | |
| 2025 | $1.2000 | -33.7% |
| 2024 | $1.8100 | -4.7% |
| 2023 | $1.9000 |
What's inside
As of Aug 31, 2026, the fund held 40 securities; the ten largest made up 46.11% of assets.
| Holding | Weight | |
|---|---|---|
| Union Pacific Corp. | 4.95% | |
| Norfolk Southern Corp. | 4.89% | |
| Deutsche Post AG | 4.85% | |
| CSX Corp. | 4.82% | |
| Amadeus IT Group SA | 4.65% | |
| Canadian National Railway Co. | 4.63% | |
| Canadian Pacific Kansas City Ltd. | 4.61% | |
| FedEx Corp. | 4.44% | |
| United Parcel Service, Inc. | 4.30% | |
| Expeditors International of Washington, Inc. | 3.98% | |
| DSV A/S | 3.79% | |
| Old Dominion Freight Line, Inc. | 3.68% | |
| XPO, Inc. | 3.56% | |
| JB Hunt Transport Services, Inc. | 3.16% | |
| Brambles Ltd. | 3.02% |
By country
United States 54.35%Canada 10.91%Denmark 5.35%Germany 4.85%China 4.73%By asset type
Stocks 96.64%Other 2.78%What changed recently
- Over the three months to Aug 31, 2026, investors added a net $0.00 (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -1.15%, +1.55%, +2.32%.
How it works
SUPL aims to match, before fees, the FactSet Supply Chain Logistics Index, run by FactSet Research Systems. It uses 18 business categories tied to shipping and delivering raw materials and goods, from railroads and express couriers to trucking, container and dry bulk shipping, logistics providers, transportation software and autonomous drone makers. A company qualifies only if at least 75% of its revenue comes from those categories. The index then takes up to 40 of the largest by market value.
Bigger companies get bigger weights, but each is capped at 4.5% when the index is reset in June and December. Between resets, price moves can push a stock past the cap. Union Pacific was 4.95% of the fund as of August 31, 2026. The 10 largest holdings made up about 46% of assets on that date. Turnover, the share of the portfolio traded in a year, was a low 12%.
ProShare Advisors generally holds every index stock at roughly its index weight. It may hold a representative sample instead when that is impractical or costly. At least 80% of assets must be in index stocks or similar instruments. Foreign companies may be held through depositary receipts (ADRs and GDRs), which are certificates that trade in place of foreign shares. It uses no leverage, and its August 31, 2026 holdings showed no derivatives.
What it really costs
- SUPL charges 0.58% a year, versus an average of 0.49% for the similar funds below (3rd of 5, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $59 in the first year and $726 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| SUPL | $59 | $186 | $324 | $726 |
In a retirement portfolio
It is a narrow bet on about 40 freight and logistics stocks in a very small fund with above-average costs, so it fits as a small add-on rather than a foundation.
SUPL could add a global freight and logistics slice. Launched in April 2022, it has no record in the 2008 crisis or 2020 COVID crash and missed the 2022 bear market's start. Its deepest drop, 24.4%, ran from May 4 to September 30, 2022, and it regained that peak about nine months after the low. Its worst calendar year, 2024, lost about 2.4%. Cashing out mid-slide would have locked in losses.
Its yield was 2.28% as of October 27, 2026, based on the past year's quarterly payouts. The 0.58% expense ratio tops the 0.49% peer average. On $10,000, the SEC's standard cost example comes to $59 for one year and $726 over 10 years. At $2.4 million in assets on August 31, 2026, the fund is tiny, and tiny funds sometimes close. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting freight exposure beyond the US: about 54% was in US stocks as of August 31, 2026, with Canada near 11%.
- Investors wary of one company dominating: each stock is capped at 4.5% at the June and December index reviews.
- Investors who can stomach drops like the 24.4% slide in 2022 and want a small transport tilt with quarterly payouts.
Look elsewhere if
- Cost-focused investors: IYT (0.39%) and XTN (0.35%) charge less than SUPL's 0.58%, though their portfolios differ.
- Anyone wary of tiny funds: SUPL held about $2.4 million as of August 31, 2026, which raises closure risk and can widen trading costs.
- Retirees seeking a core holding: it owns about 40 companies from one industry group, and its record starts only in April 2022.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| SUPL this fund | — | 0.58% | $2.4M | +21.1% | +12.8% |
| SHPP Pacer Industrials and Logistics ETF | 55% | 0.61% | $2.1M | +24.2% | +17.5% |
| IYT iShares US Transportation ETF | 45% | 0.39% | $2.23B | +16.2% | +17.1% |
| XTN SPDR S&P Transportation ETF | 33% | 0.35% | $367.3M | +19.2% | +15.5% |
| FTXR First Trust Nasdaq Transportation ETF | 28% | 0.6% | $1.09B | +19.6% | +21.8% |
Questions investors ask
What stocks are in SUPL?
SUPL held 40 companies as of August 31, 2026, drawn from supply chain businesses such as railroads, couriers, trucking and logistics services. The largest were Union Pacific (4.95%), Norfolk Southern (4.89%), Deutsche Post (4.85%), CSX (4.82%) and Amadeus IT Group (4.65%). Next came Canadian National Railway, Canadian Pacific Kansas City, FedEx, UPS and Expeditors International. The top 10 made up about 46% of assets. About 54% was in US companies, with Canada near 11%.
What is SUPL's expense ratio?
SUPL's expense ratio is 0.58% a year, all of it the management fee, according to its prospectus filed September 25, 2026. That is above the 0.49% average of four similar funds. It is well above iShares US Transportation ETF (IYT) at 0.39% and SPDR S&P Transportation ETF (XTN) at 0.35%, but slightly below SHPP (0.61%) and FTXR (0.60%). In the SEC's standard example, $10,000 earning 5% a year would incur about $59 in costs over one year, $324 over five years and $726 over 10.
Does SUPL pay dividends?
Yes. SUPL pays dividends quarterly, passing along dividends from the stocks it holds. Its yield, based on the past year's payouts, was 2.28% as of October 27, 2026, or about $1.02 per share. Amounts can vary from quarter to quarter because they depend on what the underlying companies pay. Income is not the fund's stated goal. It aims to track the FactSet Supply Chain Logistics Index, so the yield is a by-product of the stocks it owns.
What's the difference between SUPL and SHPP?
Pacer Industrials and Logistics ETF (SHPP) is SUPL's closest match, sharing about 55% of holdings based on each fund's latest SEC holdings report. SHPP costs slightly more, 0.61% versus 0.58%. As of October 27, 2026, SHPP returned 24.2% over one year and 17.5% a year over three years, ahead of SUPL's 21.1% and 12.8%. Both are very small: SUPL had about $2.4 million in assets as of August 31, 2026, and SHPP about $2.1 million as of July 31, 2026.
How has SUPL performed since it launched?
SUPL has a short, uneven record. Its September 2026 prospectus shows a return of 4.23% a year from its April 2022 launch through December 31, 2025, and 9.03% for the year ended December 31, 2025. Based on market price, it gained 21.1% in the year to October 27, 2026, and 12.8% a year over three years. Over those three years it trailed all four similar funds. Its deepest drop, 24.4% in 2022, took about nine months from the low to recover.