MADE vs. EXI
MADE (iShares U.S. Manufacturing ETF) and EXI (iShares Global Industrials ETF) are both Industrials Equities funds from iShares — MADE tracks the S&P U.S. Manufacturing Select Index while EXI tracks the S&P Global 1200 / Industrials -SEC. Both are passively managed. Over the past year, MADE returned 71.63% vs 40.35% for EXI. Their correlation of 0.89 suggests significant overlap in exposure. MADE charges 0.40%/yr vs 0.43%/yr for EXI.
Performance
MADE vs. EXI - Performance Comparison
Loading graphics...
Returns By Period
In the year-to-date period, MADE achieves a 19.09% return, which is significantly higher than EXI's 11.97% return.
MADE
- 1D
- 2.51%
- 1M
- 9.53%
- YTD
- 19.09%
- 6M
- 27.69%
- 1Y
- 71.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EXI
- 1D
- 1.66%
- 1M
- 6.26%
- YTD
- 11.97%
- 6M
- 14.94%
- 1Y
- 40.35%
- 3Y*
- 21.34%
- 5Y*
- 12.07%
- 10Y*
- 12.38%
MADE vs. EXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MADE iShares U.S. Manufacturing ETF | 19.09% | 27.34% | 2.10% |
EXI iShares Global Industrials ETF | 11.97% | 25.88% | 2.16% |
Correlation
The correlation between MADE and EXI is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024 | 0.89 |
The correlation between MADE and EXI has been stable across timeframes, ranging from 0.86 to 0.89 — a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MADE vs. EXI — Risk / Return Rank
MADE
EXI
MADE vs. EXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Manufacturing ETF (MADE) and iShares Global Industrials ETF (EXI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| MADE | EXI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.59 | 2.67 | +0.92 |
Sortino ratioReturn per unit of downside risk | 4.58 | 3.71 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.59 | 1.47 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 5.18 | 3.26 | +1.92 |
Martin ratioReturn relative to average drawdown | 23.29 | 14.25 | +9.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MADE | EXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.59 | 2.67 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 0.43 | +0.86 |
Drawdowns
MADE vs. EXI - Drawdown Comparison
The maximum MADE drawdown since its inception was -23.79%, smaller than the maximum EXI drawdown of -62.60%. Use the drawdown chart below to compare losses from any high point for MADE and EXI.
Loading graphics...
Drawdown Indicators
| MADE | EXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.79% | -62.60% | +38.81% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -12.35% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.56% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.77% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -10.01% | +6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.82% | +0.16% |
Volatility
MADE vs. EXI - Volatility Comparison
iShares U.S. Manufacturing ETF (MADE) has a higher volatility of 9.65% compared to iShares Global Industrials ETF (EXI) at 8.00%. This indicates that MADE's price experiences larger fluctuations and is considered to be riskier than EXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MADE | EXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 8.00% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 16.45% | 12.50% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.19% | 15.29% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.21% | 16.88% | +5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.21% | 18.33% | +3.88% |
MADE vs. EXI - Expense Ratio Comparison
MADE has a 0.40% expense ratio, which is lower than EXI's 0.43% expense ratio.
Dividends
MADE vs. EXI - Dividend Comparison
MADE's dividend yield for the trailing twelve months is around 0.67%, less than EXI's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MADE iShares U.S. Manufacturing ETF | 0.67% | 0.89% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXI iShares Global Industrials ETF | 1.18% | 1.32% | 1.47% | 1.84% | 1.63% | 1.42% | 1.26% | 1.72% | 2.21% | 1.48% | 1.75% | 1.95% |