MADE vs. ROKT

Last updated Jun 4, 2026

MADE (iShares U.S. Manufacturing ETF) and ROKT (SPDR S&P Kensho Final Frontiers ETF) are both Industrials Equities funds - MADE tracks the S&P U.S. Manufacturing Select Index while ROKT tracks the S&P Kensho Final Frontiers Index. Both are passively managed. Over the past year, MADE returned 50.25% vs 111.37% for ROKT. A 0.75 correlation means they provide meaningful diversification when combined. MADE charges 0.40%/yr vs 0.45%/yr for ROKT.

Performance

MADE vs. ROKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Manufacturing ETF (MADE) and SPDR S&P Kensho Final Frontiers ETF (ROKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MADE achieves a 22.94% return, which is significantly lower than ROKT's 46.55% return.

MADE

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

ROKT

• 1D: -3.71%
• 1M: 12.62%
• YTD: 46.55%
• 6M: 60.20%
• 1Y: 111.37%
• 3Y*: 44.75%
• 5Y*: 24.68%
• 10Y*: —

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

MADE vs. ROKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MADE iShares U.S. Manufacturing ETF	22.94%	27.34%	2.10%
ROKT SPDR S&P Kensho Final Frontiers ETF	46.55%	50.56%	21.53%

Correlation

The correlation between MADE and ROKT is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024	0.75

The correlation between MADE and ROKT has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.

MADE vs. ROKT - Sectors Allocation Comparison

Sectors	MADE	ROKT
Industrials	72.6%	67.6%
Technology	16.9%	20.2%
Consumer Cyclical	8.4%	-
Energy	1.8%	6.4%
Utilities	0.1%	-
Basic Materials	-	-
Communication Services	-	5.9%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

MADE vs. ROKT — 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

ROKT

ROKT Risk / Return Rank: 93
ROKT Sharpe Ratio Rank: 95
ROKT Sortino Ratio Rank: 92
ROKT Omega Ratio Rank: 89
ROKT Calmar Ratio Rank: 96
ROKT Martin Ratio Rank: 96

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. ROKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Manufacturing ETF (MADE) and SPDR S&P Kensho Final Frontiers ETF (ROKT). 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	ROKT	Difference
Sharpe ratio Return per unit of total volatility	2.47	3.88	-1.41
Sortino ratio Return per unit of downside risk	3.29	4.47	-1.18
Omega ratio Gain probability vs. loss probability	1.41	1.57	-0.16
Calmar ratio Return relative to maximum drawdown	3.76	9.82	-6.06
Martin ratio Return relative to average drawdown	16.45	35.81	-19.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MADE vs. ROKT - Sharpe Ratio Comparison

The current MADE Sharpe Ratio is 2.47, which is lower than the ROKT Sharpe Ratio of 3.88. The chart below compares the historical Sharpe Ratios of MADE and ROKT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MADE	ROKT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	3.88	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.86	+0.42

Drawdowns

MADE vs. ROKT - Drawdown Comparison

The maximum MADE drawdown since its inception was -23.79%, smaller than the maximum ROKT drawdown of -43.16%. Use the drawdown chart below to compare losses from any high point for MADE and ROKT.

Drawdown Indicators

	MADE	ROKT	Difference
Max Drawdown Largest peak-to-trough decline	-23.79%	-43.16%	+19.37%
Max Drawdown (1Y) Largest decline over 1 year	-13.43%	-11.40%	-2.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.46%	—
Current Drawdown Current decline from peak	0.00%	-8.82%	+8.82%
Average Drawdown Average peak-to-trough decline	-3.82%	-6.75%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	3.12%	-0.06%

Volatility

MADE vs. ROKT - Volatility Comparison

The current volatility for iShares U.S. Manufacturing ETF (MADE) is 7.43%, while SPDR S&P Kensho Final Frontiers ETF (ROKT) has a volatility of 13.10%. This indicates that MADE experiences smaller price fluctuations and is considered to be less risky than ROKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MADE	ROKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	13.10%	-5.67%
Volatility (6M) Calculated over the trailing 6-month period	16.99%	24.98%	-7.99%
Volatility (1Y) Calculated over the trailing 1-year period	20.51%	28.89%	-8.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	22.78%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	25.14%	-2.84%

MADE vs. ROKT - Expense Ratio Comparison

MADE has a 0.40% expense ratio, which is lower than ROKT's 0.45% expense ratio.

Dividends

MADE vs. ROKT - Dividend Comparison

MADE's dividend yield for the trailing twelve months is around 0.65%, more than ROKT's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MADE iShares U.S. Manufacturing ETF	0.65%	0.89%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROKT SPDR S&P Kensho Final Frontiers ETF	0.27%	0.41%	0.57%	0.62%	0.54%	1.79%	0.48%	0.74%	0.16%

Frequently Asked Questions

Can I hold both MADE and ROKT in my portfolio?

MADE and ROKT have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MADE or ROKT?

ROKT has higher volatility (13.10%) compared to MADE (7.43%). In terms of maximum drawdown, MADE dropped -23.79% vs ROKT's -43.16%.

Which ETF is better, MADE or ROKT?

On 1-year performance, ROKT leads with 111.37% vs 50.25% for MADE. On fees, MADE is cheaper at 0.40% per year. On volatility, MADE has been the lower-risk option at 7.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MADE or ROKT?

Over the 1-year period, ROKT has performed better with a 111.37% return vs 50.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MADE or ROKT?

MADE is cheaper with a 0.40% expense ratio, compared with 0.45% for ROKT.

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

MADE has the higher dividend yield at 0.65%, compared with 0.27% for ROKT.

What is the main difference between MADE and ROKT?

MADE tracks S&P U.S. Manufacturing Select Index, while ROKT tracks S&P Kensho Final Frontiers Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for MADE and 0.45% for ROKT.

Which has better risk-adjusted returns?

ROKT currently has the higher Sharpe Ratio (3.88 vs 2.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.