IETC vs MADE

IETCAiShares U.S. Tech Independence Focused ETF

MADEBiShares U.S. Manufacturing ETF

In short

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.

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

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.

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

• 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.

• 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

• 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.

• 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 IETC profile⁠

Full MADE profile⁠