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DGLO vs WELD

First Trust RBA Deglobalization ETF

DGLOCNasdaq

Tema U.S. Manufacturing & Reshoring ETF

WELDDNYSE Arca

Overlap

0.9%by weight

Expense ratio

DGLO −0.05pt a year

DGLO0.70%WELD0.75%

Avg volume · 30D

WELD 36.8×the volume

DGLO1.12KWELD41.2K

DGLO vs WELD Performance

Oct 31, 2025 – Oct 30, 2026

+19.1%DGLO+13.3%WELD

Oct 31, 2025 to Oct 30, 2026. DGLO +19.1%. WELD +13.3%. Use the arrow keys to read each point.0%30%40%Oct 2025Apr 2026Oct 2026
Expense ratio
DGLO 0.70%, better
WELD 0.75%
Fund size
DGLO $5M
WELD $243M
1Y total return
DGLO +19.1%, better
WELD +13.3%
Yield (12M)
DGLO No data
WELD 0.26%
Holdings
DGLO 117
WELD 22
Avg volume (30D)
DGLO 1.12K sh
WELD 41.2K sh, better
NAV per share
DGLO $23.98
WELD $50.02
52W range

ETF.net Grade

DGLO: Cost 47, Risk 88, Mission not scored, Tradability 39, Holdings 87, Durability 28. WELD: Cost 22, Risk 38, Mission not scored, Tradability 62, Holdings 33, Durability 67.
Pillar letters and Scores for DGLO, WELD, with each pillar’s weight
PillarDGLOWELD
Cost30% weightC47HigherF22
Mission25% weightNot scoredNot scored
Risk15% weightA88HigherD38
Tradability15% weightD39B62Higher
Holdings10% weightA87HigherD33
Durability5% weightD28B67Higher

Rank among Reshoring & Supply Chain funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DGLO and WELD 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 ›

DGLO ranks 4th and WELD 5th of 7 funds in the Reshoring & Supply Chain Category.

  1. Rank 1AIETCiShares U.S. Tech Independence Focused ETFScore 71
  2. Rank 2BDRESGMO Domestic Resilience ETFScore 68
  3. Rank 3BMADEiShares U.S. Manufacturing ETFScore 65
  4. Rank 4CDGLOFirst Trust RBA Deglobalization ETFScore 40
  5. Rank 5DWELDTema U.S. Manufacturing & Reshoring ETFScore 37
  6. Rank 6DNRSHAztlan North America Nearshoring Stock Selection ETFScore 36

Our read on each fund

ETF.net Research

DGLOCFirst Trust RBA Deglobalization ETF

WELDDTema U.S. Manufacturing & Reshoring ETF

In short

DGLO No data

WELD Most reshoring funds buy the whole factory floor. WELD picks roughly two dozen U.S. industrial names by hand, with a valuation screen built into the mandate, and it was doing this in 2023 before the index giants turned up.

Stated mandate

DGLO No data

WELD The Fund seeks long-term growth.

Why people hold it

DGLO No data

  • WELD Actively run rather than indexed: around 26 U.S. industrial names chosen by an industrials portfolio manager, not a rules-based basket of a hundred-plus tickers.temaetfs.com
  • Valuation is written into the strategy: it targets reshoring companies priced attractively against their own fundamentals and growth, a rarity in thematic land.
  • An early mover in the theme. It listed in May 2023 as RSHO, more than a year before iShares brought its U.S. manufacturing index fund (MADE) to market.businesswire.cominvesting.com
  • Among the reshoring and supply-chain funds we review, it sits in the upper half of the group, with tradability its stronger suit.

Worth knowing

DGLO No data

  • WELD At 0.75% a year it matches the median for its peer group, but broader index rivals cost less: MADE at 0.40% and IETC at 0.18%.
  • Roughly 26 holdings concentrated in Industrials, Materials and Utilities means one company or one sector cycle can move the whole fund.temaetfs.com
  • It trades thinly next to the category's index heavyweights, so bid-ask spreads can run wider than headline expenses suggest.

Full DGLO profile⁠

Full WELD profile⁠

DGLO vs WELD Holdings

How DGLO and WELD differ

Overlap by weight

0.9%

Shared holdings make up 8.0% of WELD and 0.9% of DGLO.

Level by level

  • Holdings2 in both0.9%
  • Countryby domicile93.5%
  • Asset classEquity100%

Sector

No Sector split for DGLO.

Country, concentration and asset class

Country by domicile

Country weights in DGLO and WELD, widest gap first
CountryMore in DGLOMore in WELD
United StatesDGLO +6.5 points
SwitzerlandWELD +3.6 points
TaiwanWELD +3.0 points

Concentration

Weight in the 10 largest Holdings

  • DGLO24.0%
  • WELD62.3%

Securities held

  • DGLO116
  • WELD21

Asset class

DGLO
Equity
WELD
Equity

Holdings

  • Only in DGLO114
  • In both2
  • Only in WELD19

Only in DGLO

114 securities, 99.0% of DGLO by weight

  • Northrop Grumman Corporation3.33%
  • General Dynamics Corporation3.22%
  • Republic Services, Inc.2.77%

Only in WELD

19 securities, 91.4% of WELD by weight

  • Timken Co/The7.37%
  • Cognex Corp7.25%
  • Gates Industrial Corp Ltd6.82%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in DGLO and WELD, widest gap first
HoldingMore in DGLOMore in WELD
ATI Inc.ATIWELD +4.33 points
SPX TechnologiesSPXCWELD +2.73 points

All 116 DGLO holdings⁠All 22 WELD 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 WELD Cost

Overpaying WELD vs DGLO

$876

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

  • DGLO 0.70%

    $13,606

  • WELD 0.75%

    $14,482

$10,000
30 years

Cost over time

  • DGLO 0.70%
  • WELD 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530WELD $14,482DGLO $13,606

Year by year

YearDGLOWELDOverpaying
10$1,250$1,336$86
20$4,760$5,078$318
30$13,606$14,482$876

Expense ratio

  • 0.70%DGLO, cheaper
  • 0.75%WELD
  • Middle half of Reshoring & Supply Chain funds
  • Median 0.70%

DGLO 4th cheapest of 7 funds

WELD 5th cheapest of 7 funds

DGLO vs WELD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DGLO No data
WELD 0.26%
Payout (12M)
DGLO No data
WELD $0.13
Last payment
DGLO $0.02
WELD $0.13
Ex-dividend
DGLO Sep 24, 2026
WELD Dec 10, 2025
Paid on
DGLO Sep 30, 2026
WELD Dec 11, 2025
Frequency
DGLO Quarterly
WELD Annual

Distribution history

Per share, 2023 to 2026, same scale for both

DGLOQuarterly · 4 paymentsAll DGLO payments⁠
One bar per payment. 4 payments from 2023 to 2026 YTD. Dec 12, 2025 $0.08; Mar 26, 2026 $0.03; Jun 25, 2026 $0.02; Sep 24, 2026 $0.02. Use the arrow keys to read each point.$0$0.1020232026YTD
WELDAnnual · 3 paymentsAll WELD payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 13, 2023 $0.08; Dec 11, 2024 $0.10; Dec 10, 2025 $0.13. Use the arrow keys to read each point.$0$0.1020232026YTD

DGLO vs WELD 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 2025WELD 22.8%
Return per unit of riskSharpe ratio, 3 years
DGLO 0.78since Sep 2025WELD 0.87
Worst fallMax drawdown, 5 years
DGLO −10.5%since Aug 2025WELD −27.3%since May 2023
Market sensitivityBeta, 5 years
DGLO 0.27WELD 1.29

Popular comparisons

  • DGLOCvsIETCA

    First Trust RBA Deglobalization ETF · iShares U.S. Tech Independence Focused ETF

    Expense ratio
    0.70% · 0.18%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • WELDDvsIETCA

    Tema U.S. Manufacturing & Reshoring ETF · iShares U.S. Tech Independence Focused ETF

    Expense ratio
    0.75% · 0.18%
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  • DGLOCvsDRESB

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    Expense ratio
    0.70% · 0.50%
    Category
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  • WELDDvsDRESB

    Tema U.S. Manufacturing & Reshoring ETF · GMO Domestic Resilience ETF

    Expense ratio
    0.75% · 0.50%
    Category
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  • DGLOCvsMADEB

    First Trust RBA Deglobalization ETF · iShares U.S. Manufacturing ETF

    Expense ratio
    0.70% · 0.40%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • WELDDvsMADEB

    Tema U.S. Manufacturing & Reshoring ETF · iShares U.S. Manufacturing ETF

    Expense ratio
    0.75% · 0.40%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.