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DRES vs WELD

GMO Domestic Resilience ETF

DRESBNYSE Arca

Tema U.S. Manufacturing & Reshoring ETF

WELDDNYSE Arca

Overlap

Expense ratio

DRES −0.25pt a year

DRES0.50%WELD0.75%

Avg volume · 30D

DRES 1.1×the volume

DRES43.4KWELD41.2K

DRES vs WELD Performance

Oct 31, 2025 – Oct 30, 2026

+21.1%DRES+13.3%WELD

Oct 31, 2025 to Oct 30, 2026. DRES +21.1%. WELD +13.3%. Use the arrow keys to read each point.0%30%40%Oct 2025Apr 2026Oct 2026
Expense ratio
DRES 0.50%, better
WELD 0.75%
Fund size
DRES $150M
WELD $243M
1Y total return
DRES +21.1%, better
WELD +13.3%
Yield (12M)
DRES No data
WELD 0.26%
Holdings
DRES 40
WELD 22
Avg volume (30D)
DRES 43.4K sh, better
WELD 41.2K sh
NAV per share
DRES $30.70
WELD $50.02
52W range

ETF.net Grade

DRES: Cost 64, Risk 80, Mission 61, Tradability 74, Holdings 65, Durability 43. WELD: Cost 22, Risk 38, Mission not scored, Tradability 62, Holdings 33, Durability 67.
Pillar letters and Scores for DRES, WELD, with each pillar’s weight
PillarDRESWELD
Cost30% weightB64HigherF22
Mission25% weightB61Not scored
Risk15% weightA80HigherD38
Tradability15% weightA74HigherB62
Holdings10% weightB65HigherD33
Durability5% weightC43B67Higher

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. DRES 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 ›

DRES ranks 2nd 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

DRESBGMO Domestic Resilience ETF

WELDDTema U.S. Manufacturing & Reshoring 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.

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

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.

WELD The Fund seeks long-term growth.

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
  • 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

  • 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
  • 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 DRES profile⁠

Full WELD profile⁠

DRES vs 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.

DRES vs WELD Cost

Overpaying WELD vs DRES

$4,503

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

  • DRES 0.50%

    $9,979

  • WELD 0.75%

    $14,482

$10,000
30 years

Cost over time

  • DRES 0.50%
  • 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 $14,482DRES $9,979

Year by year

YearDRESWELDOverpaying
10$900$1,336$436
20$3,460$5,078$1,618
30$9,979$14,482$4,503

Expense ratio

  • 0.50%DRES, cheaper
  • 0.75%WELD
  • Middle half of Reshoring & Supply Chain funds
  • Median 0.70%

DRES 3rd cheapest of 7 funds

WELD 5th cheapest of 7 funds

DRES vs WELD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DRES No data
WELD 0.26%
Payout (12M)
DRES No data
WELD $0.13
Last payment
DRES $0.04
WELD $0.13
Ex-dividend
DRES Sep 30, 2026
WELD Dec 10, 2025
Paid on
DRES Oct 1, 2026
WELD Dec 11, 2025
Frequency
DRES Quarterly
WELD Annual

Distribution history

Per share, 2023 to 2026, same scale for both

DRESQuarterly · 4 paymentsAll DRES payments⁠
One bar per payment. 4 payments from 2023 to 2026 YTD. Dec 30, 2025 $0.06; Mar 31, 2026 $0.04; Jun 30, 2026 $0.07; Sep 30, 2026 $0.04. 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

DRES vs WELD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DRES 20.0%since Nov 2025WELD 22.8%
Return per unit of riskSharpe ratio, 3 years
DRES 0.87since Nov 2025WELD 0.87Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
DRES −11.9%since Oct 2025WELD −27.3%since May 2023
Market sensitivityBeta, 5 years
DRES 0.65WELD 1.29

Popular comparisons

  • DRESBvsIETCA

    GMO Domestic Resilience ETF · iShares U.S. Tech Independence Focused ETF

    Expense ratio
    0.50% · 0.18%
    Category
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  • WELDDvsIETCA

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  • DRESBvsMADEB

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    Expense ratio
    0.75% · 0.40%
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  • DRESBvsDGLOC

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    Category
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  • WELDDvsDGLOC

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    Expense ratio
    0.75% · 0.70%
    Category
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