DRES vs IETC

DRESBGMO Domestic Resilience ETF

IETCAiShares U.S. Tech Independence Focused ETF

In short

DRES GMO's reshoring idea, run the GMO way: a concentrated, actively managed slate of U.S. manufacturing, transport, energy, automation and defense names picked on quality and valuation instead of a theme index.

IETC Most reshoring funds buy factories. This one buys the tech behind them: an active BlackRock portfolio that uses geolocation data to favor U.S. tech firms with more capability, revenue and production at home. Running since 2018.

Stated mandate

DRES The Fund seeks total return. It is actively managed and invests primarily in U.S. equities positioned to benefit from reduced globalization and increased domestic sourcing of vital technologies and industries.

IETC The fund seeks long-term growth through actively managed exposure to U.S. technology companies with resilient value chains, domestic capabilities, and a greater proportion of U.S. technological capabilities, revenues, and production.

Why people hold it

• DRES Active stock picking, not a keyword screen. GMO's Focused Equity team applies its quality-and-valuation discipline to companies tied to American reindustrialization.gmo.com
• Built to be more genuinely American than a broad U.S. index: the portfolio is concentrated and tilted toward companies with high domestic revenue exposure.gmo.com
• A 0.50% expense ratio is on the lower side for an actively managed fund in this peer group, where the typical fee runs higher.
• One theme, four lanes: manufacturing and automation, transportation and logistics, energy and materials, and defense. Sectors chosen deliberately, then names chosen one by one.gmo.com

• IETC At 0.18%, it costs a fraction of the typical fund in this theme, where the median sits at 0.75%. That is unusual pricing for anything actively managed.
• Actively managed, not index-tracking. BlackRock uses geolocation data and proprietary models to identify U.S. tech companies with a greater share of capabilities, revenue and production onshore.ishares.com
• The definition of "tech" here is not the standard sector box. A proprietary classification system decides who counts, which can reach names a traditional sector screen files elsewhere.ishares.com
• One of the stronger implementations in its peer group, and it has been trading since 2018, before reshoring became a crowded fund-marketing category.

Worth knowing

• DRES Launched in late 2025, so the live record is short and there is no long history to judge the strategy by.gmo.com
• A small, lightly traded fund. Spreads can be wider than in the giants of this category, which makes limit orders the sane default.
• Concentration cuts both ways: a focused portfolio leaning on industrial, energy and defense names can travel a very different path from the broad U.S. market.gmo.com

• IETC Roughly 100 stocks in one sector, and it sits at the higher-volatility end of what we track. Tech drawdowns land with little inside the portfolio to cushion them.
• "Tech independence" is BlackRock's own call, set by proprietary models rather than a public index, and iShares notes the classification system may not achieve its intended results.ishares.com
• Mid-sized and moderately traded rather than a headline-volume ETF, so limit orders are the sensible habit on larger tickets.

Full DRES profile⁠

Full IETC profile⁠