DGLO vs MADE: Grades, Fees and Holdings Compared

First Trust RBA Deglobalization ETF

DGLOCNasdaq

iShares U.S. Manufacturing ETF

MADEBNYSE Arca

Overlap

11.9%by weight

Expense ratio

MADE −0.30pt a year

DGLO0.70%MADE0.40%

Avg volume · 30D

MADE 13.4×the volume

DGLO1.12KMADE15K

DGLO vs MADE Performance

Oct 31, 2025 – Oct 30, 2026

+19.1%DGLO+9.4%MADE

Expense ratio: DGLO 0.70%; MADE 0.40%, better
Fund size: DGLO $5M; MADE $54M
1Y total return: DGLO +19.1%, better; MADE +9.4%
Yield (12M): DGLO No data; MADE 0.67%
Holdings: DGLO 117; MADE 114
Avg volume (30D): DGLO 1.12K sh; MADE 15K sh, better
NAV per share: DGLO $23.98; MADE $33.56
52W range

ETF.net Grade

Pillar letters and Scores for DGLO, MADE, with each pillar’s weight
Pillar	DGLO	MADE
Cost30% weight	C47	A78Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A88Higher	C52
Tradability15% weight	D39	C52Higher
Holdings10% weight	A87Higher	A71
Durability5% weight	D28	C54Higher

Rank among Reshoring & Supply Chain funds

How we build Categories ›

Same Category. DGLO and MADE are both graded against the same 7 Reshoring & Supply Chain funds, so their Grades compare head to head.

Reshoring & Supply Chain⁠

Category · 7 funds

See all 7 ›

MADE ranks 3rd and DGLO 4th of 7 funds in the Reshoring & Supply Chain Category.

Rank 1AIETCiShares U.S. Tech Independence Focused ETFScore 71
Rank 2BDRESGMO Domestic Resilience ETFScore 68
Rank 3BMADEiShares U.S. Manufacturing ETFScore 65
Rank 4CDGLOFirst Trust RBA Deglobalization ETFScore 40
Rank 5DWELDTema U.S. Manufacturing & Reshoring ETFScore 37

Our read on each fund

ETF.net Research

DGLOCFirst Trust RBA Deglobalization ETF

MADEBiShares U.S. Manufacturing ETF

In short

DGLO No data

MADE The 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

DGLO No data

MADE 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

DGLO No data

MADE 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

DGLO No data

MADE 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.

Full DGLO profile⁠

Full MADE profile⁠

DGLO vs MADE Holdings

How DGLO and MADE differ

Overlap by weight

11.9%

Shared holdings make up 30.2% of DGLO and 14.7% of MADE.

Level by level

Holdings24 in both11.9%
Countryby domicile96.1%
Asset classEquity100%

Sector

No Sector split for DGLO.

Country, concentration and asset class

Country by domicile

Country weights in DGLO and MADE, widest gap first
Country	More in DGLOMore in MADE	DGLO	MADE
United States	DGLO +3.9 points	100.0%	96.1%
China	MADE +3.1 points	0.0%	3.1%
United Kingdom	MADE +0.8 points	0.0%	0.8%

Concentration

Weight in the 10 largest Holdings

DGLO24.0%
MADE37.2%

Securities held

DGLO116
MADE111

Asset class

DGLO: Equity
MADE: Equity

Holdings

Only in DGLO92
In both24
Only in MADE87

Only in DGLO

92 securities, 69.7% of DGLO by weight

Republic Services, Inc.2.77%
Union Pacific Corporation2.02%
CSX Corporation1.92%
EOG Resources, Inc.1.82%
ConocoPhillips1.73%
Packaging Corporation of America1.70%
Armstrong World Industries, Inc.1.57%
Cadre Holdings, Inc.1.46%
Park Aerospace Corp.1.44%
GE Aerospace1.33%
Ryder System, Inc.1.31%
UFP Industries Inc.1.12%
Diamondback Energy, Inc.1.11%
Exponent, Inc.1.07%
Range Resources Corporation1.06%
Clean Harbors, Inc.1.04%
Permian Resources Corp.1.04%
Devon Energy Corporation1.01%
Verisk Analytics, Inc. (Class A)0.94%
Marten Transport, Ltd.0.93%
Phillips 660.92%
Carlisle Companies Incorporated0.92%
Rollins, Inc.0.90%
Miller Industries, Inc.0.84%
Magnolia Oil & Gas Corporation (Class A)0.83%
California Resources Corporation0.80%
Chord Energy Corporation0.78%
Marathon Petroleum Corporation0.77%
Howmet Aerospace Inc.0.76%
J.B. Hunt Transport Services, Inc.0.75%
Reliance Inc.0.74%
Old Dominion Freight Line, Inc.0.72%
Schneider National, Inc. (Class B)0.71%
Ranger Energy Services, Inc.0.71%
Vitesse Energy, Inc.0.70%
Trex Company, Inc.0.70%
EQT Corporation0.69%
Apogee Enterprises, Inc.0.68%
Landstar System, Inc.0.68%
Expand Energy Corporation0.67%
Casella Waste Systems, Inc.0.66%
Knight-Swift Transportation Holdings Inc.0.65%
Mueller Industries, Inc.0.65%
BrightView Holdings, Inc.0.64%
Matador Resources Company0.57%
EMCOR Group, Inc.0.57%
V2X Inc.0.56%
Cactus, Inc. (Class A)0.56%
Hawkins, Inc.0.56%
Patterson-UTI Energy, Inc.0.55%

Only in MADE

87 securities, 85.0% of MADE by weight

Deere4.23%
Amphenol Corp Class A4.14%
General Motors3.82%
Eaton PLC3.78%
Parker-Hannifin3.74%
Honeywell International Inc3.44%
Cummins Inc3.43%
Caterpillar Inc3.24%
Vertiv Holdings Class A3.23%
Te Connectivity PLC3.07%
Johnson Controls International PLC2.98%
Trane Technologies PLC2.98%
Ametek Inc2.75%
Paccar Inc2.67%
Honeywell Aerospace Inc2.43%
Rockwell Automation Inc2.41%
Ford Motor Co2.39%
Bloom Energy Class A2.16%
Boeing2.07%
Coherent2.05%
Teledyne Technologies1.52%
Carrier Global1.46%
Dover1.39%
Fortive0.98%
Transdigm Group0.97%
Snap On Inc0.92%
Stanley Black & Decker0.78%
Lincoln Electric Holdings0.75%
Nvent Electric PLC0.73%
Xylem Inc0.71%
First Solar0.68%
Rivian Automotive Class A0.59%
Fabrinet0.58%
Axon Enterprise0.53%
Littelfuse0.50%
Rocket Lab Corp0.46%
Allison Transmission Holdings0.44%
Advanced Energy Industries0.44%
Ttm Technologies Inc0.43%
Nextpower Inc0.43%
Generac Holdings0.42%
Regal Rexnord0.38%
Ralliant0.37%
Graco0.36%
Pentair0.35%
Crane0.32%
Msa Safety Inc0.32%
Terex0.32%
Watts Water Technologies Class A0.32%
Esco Technologies0.31%

Weight gaps

All 24 Holdings in both funds, largest gap first.

Holding weights in DGLO and MADE, widest gap first
Holding	More in DGLOMore in MADE	DGLO	MADE
Huntington Ingalls Industries, Inc.HII	DGLO +2.56 points	2.75%	0.19%
Leonardo DRS, Inc.DRS	DGLO +2.45 points	2.49%	0.04%
Northrop Grumman CorporationNOC	DGLO +2.19 points	3.33%	1.14%
RTX CorporationRTX	MADE +2.13 points	1.98%	4.11%
General Dynamics CorporationGD	DGLO +1.78 points	3.22%	1.44%
Zurn Elkay Water Solutions Corp.ZWS	DGLO +1.37 points	1.59%	0.22%
Mueller Water Products, Inc.MWA	DGLO +1.05 points	1.17%	0.12%
Textron Inc.TXT	DGLO +0.83 points	1.06%	0.23%
HEICO CorporationHEI	DGLO +0.80 points	1.00%	0.20%
Lockheed Martin CorporationLMT	MADE +0.69 points	1.29%	1.98%
The Toro CompanyTTC	DGLO +0.68 points	1.19%	0.51%
Kratos Defense & Security Solutions, Inc.KTOS	DGLO +0.66 points	0.78%	0.12%
L3Harris Technologies, Inc.LHX	DGLO +0.57 points	1.36%	0.79%
Curtiss-Wright CorporationCW	DGLO +0.56 points	0.83%	0.27%
Mercury Systems, Inc.MRCY	DGLO +0.41 points	0.48%	0.07%
Acuity Inc.AYI	DGLO +0.40 points	0.74%	0.34%
Lennox International Inc.LII	DGLO +0.38 points	0.74%	0.36%
Leidos Holdings, Inc.LDOS	DGLO +0.38 points	0.65%	0.27%
Federal Signal CorporationFSS	DGLO +0.31 points	0.65%	0.34%
BWX Technologies, Inc.BWXT	DGLO +0.27 points	0.45%	0.18%
Woodward, Inc.WWD	DGLO +0.27 points	0.54%	0.27%
SPX TechnologiesSPXC	DGLO +0.23 points	0.49%	0.26%
Oshkosh CorporationOSK	DGLO +0.14 points	0.57%	0.43%
Hubbell IncorporatedHUBB	DGLO +0.06 points	0.87%	0.81%

All 116 DGLO holdings⁠All 111 MADE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DGLO vs MADE Cost

Overpaying DGLO vs MADE

$5,516

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

DGLO 0.70%
$13,606
MADE 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

DGLO 0.70%
MADE 0.40%
Overpaying

Year by year

Year	DGLO	MADE	Overpaying
10	$1,250	$723	$527
20	$4,760	$2,793	$1,967
30	$13,606	$8,090	$5,516

Expense ratio

0.70%DGLO
0.40%MADE, cheaper

MADE0.40%DGLO0.70%

0.18%0.76%

Middle half of Reshoring & Supply Chain funds
Median 0.70%

MADE 2nd cheapest of 7 funds

DGLO 4th cheapest of 7 funds

DGLO vs MADE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DGLO No data; MADE 0.67%
Payout (12M): DGLO No data; MADE $0.22
Last payment: DGLO $0.02; MADE $0.07
Ex-dividend: DGLO Sep 24, 2026; MADE Sep 15, 2026
Paid on: DGLO Sep 30, 2026; MADE Sep 18, 2026
Frequency: DGLO Quarterly; MADE Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

DGLOQuarterly · 4 paymentsAll DGLO payments⁠

MADEQuarterly · 9 paymentsAll MADE payments⁠

DGLO vs MADE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DGLO 13.8%since Sep 2025MADE 18.9%since Aug 2024
Return per unit of riskSharpe ratio, 3 years: DGLO 0.78since Sep 2025MADE 0.69since Aug 2024
Worst fallMax drawdown, 5 years: DGLO −10.5%since Aug 2025MADE −23.8%since Jul 2024
Market sensitivityBeta, 5 years: DGLO 0.27MADE 1.17; Market = 1

DGLO and MADE in the news

All news⁠

ETF Filings
Wedbush files for a 50-stock analog ETF that excludes AI, chips and data centers
Sep 7, 2026MADE

Popular comparisons

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DGLO vs MADE

In short

Stated mandate

Why people hold it

Worth knowing

How DGLO and MADE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DGLO

Only in MADE

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Wedbush files for a 50-stock analog ETF that excludes AI, chips and data centers

How DGLO and MADE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DGLO

Only in MADE

Weight gaps