Postgres INSERT ON CONFLICT DO UPDATE vs INSERT or UPDATE

Question

I have stock_price_alert table with 3 columns. stock_price_id is PRIMARY KEY & also FOREIGN KEY to other table. Table

Answer 1

Query 3 is the Postgres syntax for "UPSERT" (= UPDATE or INSERT), introduced in Postgres 9.5.

From the documentation:

ON CONFLICT DO UPDATE guarantees an atomic INSERT or UPDATE outcome; provided there is no independent error, one of those two outcomes is guaranteed, even under high concurrency. This is also known as UPSERT – “UPDATE or INSERT”.

This is the best practice for what you are trying to achieve.

Answer 2

I noticed/tested that is much faster for INSERTS (have yet to test UPSERTS) to use a WHERE NOT EXISTS in addition to ON CONFLICT. Typically about 3x faster than just allowing the ON CONFLICT to handle existence checks. I think this may carry over into UPSERTS, making it likely faster to do an INSERT and then and UPDATE. Here is my test for inserts only...

    --so i can keep rerunning
    DROP TABLE if exists temp1;
    DROP TABLE if exists temp2;

    --create a billion rows
    SELECT GENERATE_SERIES AS id INTO TEMP temp1
    FROM GENERATE_SERIES(1, 10000000);

    CREATE UNIQUE INDEX ux_id  ON temp1(id);
    ALTER TABLE temp1 CLUSTER ON ux_id;

    --create a second table to insert from, with the same data
    SELECT * INTO TEMP temp2 
    FROM temp1;

    CREATE UNIQUE INDEX ux_id2  ON temp2(id);
    ALTER TABLE temp2 CLUSTER ON ux_id2;

    --test inserting with on conflict only
    INSERT INTO temp1(id)
    SELECT id
    FROM temp2 ON conflict DO nothing;
    --execution time: 14.71s (1million rows)

    --test inserting with not exists and on conflict
    INSERT INTO temp1(id)
    SELECT t2.id
    FROM temp2 t2
    WHERE NOT EXISTS (SELECT 1 FROM temp1 t1 WHERE t2.id = t1.id) 
    ON conflict DO nothing;
    --execution time: 5.78s (1million rows)