SPY vs SUPL
State Street SPDR S&P 500 ETF Trust vs ProShares Supply Chain Logistics ETF
Which is better, SPY or SUPL?
Large Cap Blend against Large Cap Growth.
SPY has a lower expense ratio. SPY led over the full window, SUPL over 1Y. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 45.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | SUPL |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.58% |
| AUM | $823.2B | $2M |
| Dividend Yield | 0.99% | 2.32% |
| Holdings | 1,515 | 40 |
| Volatility (annualized) | 15.0%Best | 19.9% |
| Max Drawdown | -19.9%Best | -24.4% |
| $10,000 over 4.5 years | $18,377Best | $12,557 |
| Top 10 Weight | 38.2%Best | 45.4% |
| Fund Family | State Street Investment Management | ProShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 22, 1993 | Apr 6, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 10 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SPY has data through Oct 22, 2026 and SUPL through Oct 12, 2026.
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 7, 2022 to Oct 12, 2026 (4.5 years).
Risk: Volatility and Drawdowns
SUPL has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 15.0% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.9% for SPY and -24.4% for SUPL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while SUPL charges 0.58%. On a $10,000 position that is $9 vs $58 annually, a gap of $49 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 2.32% for SUPL.
Holdings Overlap
0.9% of SPY's money is in holdings SUPL also owns. 38.5% of SUPL's money is in holdings SPY also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 504 positions we hold weights for in SPY and 40 in SUPL, against full books of 1,515 and 40.
What only one of them owns
Our book lists 8 positions for SUPL that do not appear in our book for SPY (11.3% of the fund), and 487 for SPY that do not appear in SUPL (98.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPY | Weight in SUPL | Difference |
|---|---|---|---|
| UNPUnion Pacific Corp | 0.26% | 4.81% | 4.55% |
| CSXCsx Corp. | 0.14% | 4.75% | 4.61% |
| NSCNorfolk Southern Corp | 0.11% | 4.76% | 4.65% |
| EXPDExpeditors International Of Washington Inc | 0.04% | 4.26% | 4.22% |
| FDXFedex Corp | 0.10% | 4.14% | 4.04% |
| UPSUnited Parcel Service, Inc | 0.12% | 4.04% | 3.92% |
| ODFLOld Dominion Freig | 0.05% | 3.50% | 3.45% |
| CHRWCh Robinson Worldwide Inc. | 0.03% | 3.16% | 3.13% |
| JBHTJb Hunt Transport Services Inc. | 0.03% | 2.96% | 2.93% |
| FDXFFedex Freight Holding Company Inc | 0.02% | 2.13% | 2.11% |
38.5% of SUPL is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or SUPL?
SPY has an expense ratio of 0.09% while SUPL charges 0.58%. SPY is the cheaper option, by $49 a year on a $10,000 investment.
Which is riskier, SPY or SUPL?
SUPL has been the more volatile fund at 19.9% annualized versus 15.0% for SPY. Worst drawdown: SPY -19.9% vs SUPL -24.4%.
Should I hold both SPY and SUPL?
SPY and SUPL have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPY and SUPL?
38.5% of SUPL's money is in holdings SPY also owns. 38.5% of SUPL's is in holdings SPY also owns. They hold 10 positions in common, counted across the 504 positions we hold weights for in SPY and 40 in SUPL.
Which pays a higher dividend, SPY or SUPL?
SPY yields 0.99% while SUPL yields 2.32%, so SUPL currently pays the higher dividend yield.
Is SUPL better than SPY?
SPY has a lower expense ratio. SPY led over the full window, SUPL over 1Y. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 45.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.