- ISIN
- US46438G5962
- CUSIP
- 46438G596
- Issuer
- iShares
- Inception Date
- Jul 17, 2024
- Region
- North America (U.S.)
- Category
- Industrials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P U.S. Manufacturing Select Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $56M
Share Price Chart
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Performance
MADE Performance Chart
iShares U.S. Manufacturing ETF (MADE) is up 19.0% since the beginning of the year. MADE is currently trading at $37 per share.
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Returns By Period
iShares U.S. Manufacturing ETF (MADE) has returned 19.00% so far this year and 44.16% over the past 12 months.
iShares U.S. Manufacturing ETF
- 1D
- -3.56%
- 1M
- 1.08%
- YTD
- 19.00%
- 6M
- 19.13%
- 1Y
- 44.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.64%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
MADE Monthly Returns History
Based on dividend-adjusted daily data since Jul 18, 2024, MADE's average daily return is +0.10%, while the average monthly return is +1.97%. At this rate, an investment would double in approximately 3.0 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +11.4%, while the worst month was Mar 2026 at -8.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MADE closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +9.9%, while the worst single day was Apr 3, 2025 at -6.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.58% | 6.46% | -8.37% | 11.43% | 1.35% | -1.44% | 19.00% | ||||||
| 2025 | 2.91% | -3.61% | -5.25% | -0.09% | 10.02% | 4.44% | 5.53% | 1.43% | 3.19% | 5.28% | 0.14% | 1.36% | 27.34% |
| 2024 | -0.78% | 2.04% | 1.33% | -1.31% | 9.26% | -7.69% | 2.10% |
Benchmark Metrics
iShares U.S. Manufacturing ETF has an annualized alpha of 7.16%, beta of 1.13, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since July 19, 2024.
- This ETF captured 142.57% of S&P 500 Index gains and 104.29% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 7.16% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.13 and R2 of 0.72, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 7.16%
- Beta
- 1.13
- R²
- 0.72
- Upside Capture
- 142.57%
- Downside Capture
- 104.29%
Expense Ratio
MADE has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MADE ranks 75 for risk / return — better than 75% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares U.S. Manufacturing ETF (MADE) and compare them to S&P 500 Index.
| MADE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.69 | +0.74 |
| Martin ratioReturn relative to average drawdown | 14.93 | 12.34 | +2.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
iShares U.S. Manufacturing ETF provided a 0.67% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.25 | $0.28 | $0.08 |
Dividend yield | 0.67% | 0.89% | 0.34% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares U.S. Manufacturing ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.28 |
| 2024 | $0.08 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares U.S. Manufacturing ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares U.S. Manufacturing ETF was 23.79%, occurring on Apr 8, 2025. Recovery took 57 trading sessions.
The current iShares U.S. Manufacturing ETF drawdown is 3.56%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -23.79%Apr 2025 | 4mo 13d | 2mo 24d | 7mo 7dNov 2024 - Jul 2025 |
2026 correction2026 | -13.43%Mar 2026 | 1mo 3d | 15d | 1mo 18dFeb 2026 - Apr 2026 |
2024 pullback2024 | -8.58%Aug 2024 | 13d | 25d | 1mo 8dJul 2024 - Aug 2024 |
2025 pullback2025 | -7.35%Nov 2025 | 9d | 20d | 29dNov 2025 - Dec 2025 |
2026 pullback2026 | -6.26%May 2026 | 4d | 14d | 18dMay 2026 - Jun 2026 |
Drawdown Indicators
| MADE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.79% | -56.78% | +32.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -9.10% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.56% | -2.97% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -10.72% | +6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 1.97% | +1.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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