MADE vs. IVEP

Last updated Jun 25, 2026

MADE (iShares U.S. Manufacturing ETF) and IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) are both Industrials Equities funds - MADE tracks the S&P U.S. Manufacturing Select Index while IVEP tracks the Solactive Wedbush AI Power & Infrastructure Index. Both are passively managed. Their correlation of 0.80 suggests significant overlap in exposure. MADE charges 0.40%/yr vs 0.75%/yr for IVEP.

Performance

MADE vs. IVEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Manufacturing ETF (MADE) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MADE

• 1D: 0.66%
• 1M: 4.16%
• YTD: 23.47%
• 6M: 21.01%
• 1Y: 48.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVEP

• 1D: 0.14%
• 1M: -0.97%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MADE vs. IVEP - Yearly Performance Comparison

	2026 (YTD)
MADE iShares U.S. Manufacturing ETF	13.56%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	7.21%

Correlation

The correlation between MADE and IVEP is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.80

MADE vs. IVEP - Sectors Allocation Comparison

Sectors	MADE	IVEP
Industrials	74.7%	43.6%
Technology	16.3%	7.7%
Consumer Cyclical	7.3%	-
Energy	1.3%	13.0%
Utilities	0.1%	22.5%
Basic Materials	-	2.4%
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	10.9%

Return for Risk

MADE vs. IVEP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MADE

MADE Risk / Return Rank: 78
MADE Sharpe Ratio Rank: 80
MADE Sortino Ratio Rank: 75
MADE Omega Ratio Rank: 72
MADE Calmar Ratio Rank: 79
MADE Martin Ratio Rank: 85

IVEP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MADE vs. IVEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Manufacturing ETF (MADE) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MADE	IVEP	Difference
Sharpe ratio: Return per unit of total volatility	2.23	—	—
Sortino ratio: Return per unit of downside risk	2.93	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.62	—	—
Martin ratio: Return relative to average drawdown	15.55	—	—

Drawdowns

MADE vs. IVEP - Drawdown Comparison

The maximum MADE drawdown since its inception was -23.79%, which is greater than IVEP's maximum drawdown of -10.90%. Use the drawdown chart below to compare losses from any high point for MADE and IVEP.

Drawdown Indicators

	MADE	IVEP	Difference
Max Drawdown Largest peak-to-trough decline	-23.79%	-10.90%	-12.89%
Max Drawdown (1Y) Largest decline over 1 year	-13.43%	—	—
Current Drawdown Current decline from peak	-2.78%	-3.97%	+1.19%
Average Drawdown Average peak-to-trough decline	-3.89%	-2.80%	-1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	—	—

Volatility

Volatility by Period

	MADE	IVEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.79%	29.06%	-7.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	29.06%	-6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.75%	29.06%	-6.31%

MADE vs. IVEP - Expense Ratio Comparison

MADE has a 0.40% expense ratio, which is lower than IVEP's 0.75% expense ratio.

Dividends

MADE vs. IVEP - Dividend Comparison

MADE's dividend yield for the trailing twelve months is around 0.62%, while IVEP has not paid dividends to shareholders.

Position	TTM	2025	2024
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%	0.00%
MADE iShares U.S. Manufacturing ETF	0.62%	0.89%	0.34%

Frequently Asked Questions

Can I hold both MADE and IVEP in my portfolio?

MADE and IVEP have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MADE or IVEP?

On fees, MADE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MADE or IVEP?

MADE is cheaper with a 0.40% expense ratio, compared with 0.75% for IVEP.

Which ETF pays a higher dividend yield, MADE or IVEP?

MADE has the higher dividend yield at 0.62%, compared with 0.00% for IVEP.

What is the main difference between MADE and IVEP?

MADE tracks S&P U.S. Manufacturing Select Index, while IVEP tracks Solactive Wedbush AI Power & Infrastructure Index. They also come from different issuers: iShares and Wedbush. Their fees differ too: 0.40% for MADE and 0.75% for IVEP.