MADE vs. MARS

Last updated Jun 4, 2026

MADE (iShares U.S. Manufacturing ETF) and MARS (Roundhill Space & Technology ETF) are both exchange-traded funds - MADE is a Industrials Equities fund tracking the S&P U.S. Manufacturing Select Index, while MARS is a Technology Equities fund actively managed by Roundhill. MADE is passively managed, while MARS is actively managed. A 0.58 correlation means they provide meaningful diversification when combined. MADE charges 0.40%/yr vs 0.75%/yr for MARS.

Performance

MADE vs. MARS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Manufacturing ETF (MADE) and Roundhill Space & Technology ETF (MARS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MADE

• 1D: 0.07%
• 1M: 4.90%
• YTD: 22.94%
• 6M: 24.56%
• 1Y: 50.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MARS

• 1D: -6.85%
• 1M: 20.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MADE vs. MARS - Yearly Performance Comparison

	2026 (YTD)
MADE iShares U.S. Manufacturing ETF	9.78%
MARS Roundhill Space & Technology ETF	48.10%

Correlation

The correlation between MADE and MARS is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 6, 2026	0.58

Return for Risk

MADE vs. MARS — Risk / Return Rank

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

MADE

MADE Risk / Return Rank: 75
MADE Sharpe Ratio Rank: 76
MADE Sortino Ratio Rank: 73
MADE Omega Ratio Rank: 69
MADE Calmar Ratio Rank: 75
MADE Martin Ratio Rank: 82

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. MARS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Manufacturing ETF (MADE) and Roundhill Space & Technology ETF (MARS). 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	MARS	Difference
Sharpe ratio: Return per unit of total volatility	2.47	—	—
Sortino ratio: Return per unit of downside risk	3.29	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.76	—	—
Martin ratio: Return relative to average drawdown	16.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MADE	MARS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	6.31	-5.02

Drawdowns

MADE vs. MARS - Drawdown Comparison

The maximum MADE drawdown since its inception was -23.79%, which is greater than MARS's maximum drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for MADE and MARS.

Drawdown Indicators

	MADE	MARS	Difference
Max Drawdown Largest peak-to-trough decline	-23.79%	-19.50%	-4.29%
Max Drawdown (1Y) Largest decline over 1 year	-13.43%	—	—
Current Drawdown Current decline from peak	0.00%	-19.50%	+19.50%
Average Drawdown Average peak-to-trough decline	-3.82%	-3.31%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	—	—

Volatility

Volatility by Period

	MADE	MARS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.51%	62.89%	-42.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	62.89%	-40.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	62.89%	-40.59%

MADE vs. MARS - Expense Ratio Comparison

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

Dividends

MADE vs. MARS - Dividend Comparison

MADE's dividend yield for the trailing twelve months is around 0.65%, while MARS has not paid dividends to shareholders.

Position	TTM	2025	2024
MADE iShares U.S. Manufacturing ETF	0.65%	0.89%	0.34%
MARS Roundhill Space & Technology ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MADE and MARS in my portfolio?

MADE and MARS have a correlation of 0.58, 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 MARS?

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 MARS?

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

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

MADE has the higher dividend yield at 0.65%, compared with 0.00% for MARS.

What is the main difference between MADE and MARS?

MADE is categorized as Industrials Equities, while MARS is Technology Equities. They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.40% for MADE and 0.75% for MARS.