MADE vs. VIS
MADE (iShares U.S. Manufacturing ETF) and VIS (Vanguard Industrials ETF) are both Industrials Equities funds — MADE tracks the S&P U.S. Manufacturing Select Index while VIS tracks the MSCI US Investable Market Industrials 25/50 Index. Both are passively managed. Over the past year, MADE returned 68.20% vs 44.03% for VIS. Their correlation of 0.94 suggests significant overlap in exposure. MADE charges 0.40%/yr vs 0.10%/yr for VIS.
Performance
MADE vs. VIS - Performance Comparison
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Returns By Period
In the year-to-date period, MADE achieves a 16.17% return, which is significantly higher than VIS's 13.47% return.
MADE
- 1D
- -0.08%
- 1M
- 5.94%
- YTD
- 16.17%
- 6M
- 23.92%
- 1Y
- 68.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VIS
- 1D
- 1.93%
- 1M
- 6.45%
- YTD
- 13.47%
- 6M
- 15.84%
- 1Y
- 44.03%
- 3Y*
- 22.63%
- 5Y*
- 13.07%
- 10Y*
- 13.87%
MADE vs. VIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MADE iShares U.S. Manufacturing ETF | 16.17% | 27.34% | 2.10% |
VIS Vanguard Industrials ETF | 13.47% | 18.57% | 5.23% |
Correlation
The correlation between MADE and VIS is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024 | 0.94 |
The correlation between MADE and VIS has been stable across timeframes, ranging from 0.92 to 0.94 — a consistent structural relationship.
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Return for Risk
MADE vs. VIS — Risk / Return Rank
MADE
VIS
MADE vs. VIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Manufacturing ETF (MADE) and Vanguard Industrials ETF (VIS). 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 | VIS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.44 | 2.69 | +0.75 |
Sortino ratioReturn per unit of downside risk | 4.41 | 3.67 | +0.75 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.46 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 4.78 | 3.49 | +1.29 |
Martin ratioReturn relative to average drawdown | 21.42 | 15.02 | +6.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MADE | VIS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.44 | 2.69 | +0.75 |
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 | 1.21 | 0.52 | +0.69 |
Drawdowns
MADE vs. VIS - Drawdown Comparison
The maximum MADE drawdown since its inception was -23.79%, smaller than the maximum VIS drawdown of -63.51%. Use the drawdown chart below to compare losses from any high point for MADE and VIS.
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Drawdown Indicators
| MADE | VIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.79% | -63.51% | +39.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -12.29% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.42% | — |
Current DrawdownCurrent decline from peak | -2.21% | -1.88% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -8.42% | +4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.85% | +0.14% |
Volatility
MADE vs. VIS - Volatility Comparison
iShares U.S. Manufacturing ETF (MADE) has a higher volatility of 9.48% compared to Vanguard Industrials ETF (VIS) at 7.41%. This indicates that MADE's price experiences larger fluctuations and is considered to be riskier than VIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MADE | VIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 7.41% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 16.29% | 13.06% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.15% | 16.54% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.16% | 18.29% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.16% | 20.37% | +1.79% |
MADE vs. VIS - Expense Ratio Comparison
MADE has a 0.40% expense ratio, which is higher than VIS's 0.10% expense ratio.
Dividends
MADE vs. VIS - Dividend Comparison
MADE's dividend yield for the trailing twelve months is around 0.69%, less than VIS's 0.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MADE iShares U.S. Manufacturing ETF | 0.69% | 0.89% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VIS Vanguard Industrials ETF | 0.90% | 1.01% | 1.23% | 1.36% | 1.52% | 1.11% | 1.38% | 1.68% | 1.90% | 1.60% | 1.81% | 1.94% |