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iShares U.S. Manufacturing ETF

MADENYSE ArcaiSharesB

$33.84+0.34 (+1.01%)

As of Nov 2, 2026, 3:59 PM ET

Intraday session: up, 79 prints from 33.50 to 33.84. Range 33.80 to 34.42. Use the arrow keys to read each point.34.0034.2034.4010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$54M
1Y total return
+9.4%
Yield · Last 12 months
0.67%
Holdings
114
Avg volume · 30D
15K sh
52W range
low $28.96high $39.68
Launched

The ETF.net MADE Grade

Based on 5 of 6 pillars

B

Score 65 out of 100

Rank
3 of 7
Six-pillar profile for MADE. Scores out of 100: Cost 78, Risk 52, Mission not scored, Tradability 52, Holdings 71, Durability 54. Strongest: Cost (78). Weakest: Tradability (52). Based on 5 of 6 pillars.

Score 65 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A78 out of 100
    Rank 2 of 7
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C52 out of 100
    Rank 3 of 7
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C52 out of 100
    Rank 4 of 7
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A71 out of 100
    Rank 2 of 7
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C54 out of 100
    Rank 3 of 7

Our read on MADE

ETF.net Research

In short

BThe reshoring theme, done index-style: roughly 110 US companies that earn real revenue from making things, from factory floors to chipmaking gear, at 0.40% a year while the peer group's median fee is 0.75%.

Stated mandate

The fund seeks to track an index of U.S. companies with substantial manufacturing-related revenue, including industrial manufacturing, automotive, electronics, and semiconductor-manufacturing equipment. It provides focused exposure to domestic manufacturing and possible reshoring trends.

Why people hold it

  • Charges 0.40% a year against a 0.75% median for its reshoring peer group, where WELD and SUPP both sit at 0.75%.
  • Spreads across about 110 US names through an S&P index covering industrial manufacturing, autos, electronics and semiconductor equipment.
  • Rules-based index rather than a manager's hunch, quarterly distributions, and iShares plumbing behind it. One of the stronger builds in the reshoring group.

Worth knowing

  • Launched in 2024, so the record is short and hasn't spanned a full industrial cycle.
  • Trades lighter than the big broad-market funds, so spreads can run wider, especially near the open and close.
  • Not the cheapest in the cohort: iShares' own IETC runs 0.18%, though it targets tech independence rather than broad manufacturing.

MADE Holdings

Asset class
Stocks
Holdings
114
Top-10 weight
37%
Largest holding
DE4.2%

Sectors

  • Capital Goods76.3%
  • Tech Hardware & Equip14.6%
  • Autos & Components7.1%
  • Semiconductors & Semiconductor Equipment0.9%
  • Commercial & Professional Services0.8%
  • Consumer Durables0.2%

Geography

  • United States96.08%
  • China3.13%
  • United Kingdom0.79%
The fund’s holdings, weight-ordered — page 1 of 8.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1DEDeere4.23%3,406$2.3M363
2APHAmphenol Corp Class A4.14%28,355$2.25M460
3RTXRtx4.11%11,188$2.24M409
4GMGeneral Motors3.82%23,737$2.07M346
5ETNEaton PLC3.78%5,554$2.05M336
6PHParker-Hannifin3.74%2,261$2.03M363
7HONHoneywell International Inc3.44%8,574$1.87M363
8CMICummins Inc3.43%3,724$1.86M386
9CATCaterpillar Inc3.24%2,829$1.76M457
10VRTVertiv Holdings Class A3.23%7,544$1.75M400
11TELTe Connectivity PLC3.07%7,832$1.67M346
12JCIJohnson Controls International PLC2.98%10,864$1.62M285
13TTTrane Technologies PLC2.98%3,946$1.62M363
14AMEAmetek Inc2.75%6,202$1.5M324
15PCARPaccar Inc2.67%14,239$1.45M330

Showing 1–15 of 114 holdings

MADE Performance

Launched Jul 17, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
MADE$10,942
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MADE $10,942. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MADE. Periods over one year show the average yearly return.
PeriodMADE
Year to date+7.8%
1 month−3.4%
3 months−8.6%
1 year+9.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MADE
YearReturn barMADE
2026 YTD+7.8%
2025+27.3%
2024+2.3%

History from Jul 18, 2024

MADE in the news

MADE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.67%Last 12 months
Payout per share
$0.22Last 12 months
Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 9 payments from 2024 to 2026 YTD. Sep 25, 2024 $0.05; Dec 17, 2024 $0.08; Mar 18, 2025 $0.06; Jun 16, 2025 $0.05; Sep 16, 2025 $0.09; Dec 16, 2025 $0.08; Mar 17, 2026 $0.03; Jun 15, 2026 $0.04; Sep 15, 2026 $0.07. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 15, 2026Sep 18, 2026$0.07
Jun 15, 2026Jun 18, 2026$0.04
Mar 17, 2026Mar 20, 2026$0.03
Dec 16, 2025Dec 19, 2025$0.08
Sep 16, 2025Sep 19, 2025$0.09
Jun 16, 2025Jun 20, 2025$0.05
Mar 18, 2025Mar 21, 2025$0.06
Dec 17, 2024Dec 20, 2024$0.08
Sep 25, 2024Sep 30, 2024$0.05

$10,000 in MADE 1 year ago paid $72.93 in dividends.

MADE Risk

How much the fund’s monthly returns vary, scaled to a year.
18.9%
Annualised · 27 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.69
vs 3-month T-bills · 27 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.8%
27 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.17
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MADE Cost

Overpaying vs IETC, cheapest in Reshoring & Supply Chain

$4,341

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MADE 0.40%

    $8,090

  • IETC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • MADE 0.40%
  • IETC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530MADE $8,090IETC $3,749

Year by year

YearMADEIETCOverpaying
10$723$328$395
20$2,793$1,281$1,512
30$8,090$3,749$4,341

Other funds in Reshoring & Supply Chain