##  [# ProShares Debuts Supply Chain ETF ](/sections/daily-etf-watch/proshares-debuts-supply-chain-etf) 

 

# ProShares Debuts Supply Chain ETF 

 

 

 The thematic fund takes a global twist against existing transportation ETFs.



 

 

 

 

 [![DanMika200x200.jpg](/sites/default/files/styles/author_image_icon/public/2023-02/DanMika200x200.jpg?itok=W3yFiWn- "DanMika200x200.jpg")](/contributors/dan-mika) 

[By Dan Mika](/contributors/dan-mika)

 Apr 07, 2022

 Edited by: Dan Mika

 

 

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ProShares’ latest offering aims to give investors exposure to players in a global supply chain that is still reeling from the disruptions of the pandemic.

The [**ProShares Supply Chain Logistics ETF (SUPL)**](https://www.sec.gov/Archives/edgar/data/1174610/000168386322002873/f11735d1.htm) debuted on the NYSE Arca Thursday with an expense ratio of 0.58%.

SUPL follows a FactSet index of 40 U.S. and foreign companies with at least $500 million in market capitalization that provide logistics or transport of goods around the world. The index is weighted by market capitalization and limits any single constituent to 4.5% of its weight.

SUPL’s ability to invest in non-U.S. companies gives it a wider geographic reach than the [**iShares U.S Transportation Average ETF (IYT)**](https://shares%20u.s%20transportation%20average%20etf%20%28iyt%29/) and the [**First Trust Nasdaq Transportation ETF (FTXR)**](https://www.etf.com/FTXR). However, 18.85% of its weight among its top 10 constituents overlaps with the top-heavy IYT's 48% weighting in Union Pacific, UPS, CSX Corporation and FedEx.

***(Use our [stock finder tool](https://www.etf.com/etfanalytics/etf-stock-finder) to find an ETF’s allocation to a certain stock.)***

FXTR has 20% of its weight allocated amoong Union Pacific, CSX and FedEx.

The new fund is far less comparable to the ocean-shipping-specific [**SonicShares Global Shipping ETF (BOAT)**](https://www.etf.com/BOAT) and the [**U.S. Global Sea to Sky Cargo ETF (SEA**)](https://www.etf.com/SEA), which are both global in nature. SUPL shares Evergreen Marine and Kuehne &amp; Nagel among its top 10 holdings with SEA, amounting to approximately 8.5% of each fund’s weight and has no shared top 10 holdings with BOAT.

   
   
*Contact Dan Mika at* [*dan.mika@etf.com*](mailto:dmika@etf.com)*, and follow him on* [*Twitter*](https://twitter.com/DanMikaTweets)



 

 

 [ Dan Mika ](/contributors/dan-mika) 

 

 

  Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in…   [View Bio](/contributors/dan-mika)

 



 

 


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