MADE vs. XLII

Last updated Jun 4, 2026

MADE (iShares U.S. Manufacturing ETF) and XLII (State Street Industrial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - MADE is a Industrials Equities fund tracking the S&P U.S. Manufacturing Select Index, while XLII is a Derivative Income fund actively managed by State Street. MADE is passively managed, while XLII is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. MADE charges 0.40%/yr vs 0.35%/yr for XLII.

Performance

MADE vs. XLII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Manufacturing ETF (MADE) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII). 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 higher than XLII's 6.73% return.

MADE

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

XLII

• 1D: -0.15%
• 1M: 2.45%
• YTD: 6.73%
• 6M: 8.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MADE vs. XLII - Yearly Performance Comparison

	2026 (YTD)	2025
MADE iShares U.S. Manufacturing ETF	22.94%	12.44%
XLII State Street Industrial Select Sector SPDR Premium Income ETF	6.73%	6.62%

Correlation

The correlation between MADE and XLII is 0.88, 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 Jul 31, 2025	0.88

MADE vs. XLII - Sectors Allocation Comparison

Sectors	MADE	XLII
Industrials	72.6%	-
Technology	16.9%	-
Consumer Cyclical	8.4%	-
Energy	1.8%	-
Utilities	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	100.3%
Healthcare	-	-
Real Estate	-	-

Return for Risk

MADE vs. XLII — 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. XLII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Manufacturing ETF (MADE) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII). 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	XLII	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	XLII	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	1.44	-0.16

Drawdowns

MADE vs. XLII - Drawdown Comparison

The maximum MADE drawdown since its inception was -23.79%, which is greater than XLII's maximum drawdown of -10.10%. Use the drawdown chart below to compare losses from any high point for MADE and XLII.

Drawdown Indicators

	MADE	XLII	Difference
Max Drawdown Largest peak-to-trough decline	-23.79%	-10.10%	-13.69%
Max Drawdown (1Y) Largest decline over 1 year	-13.43%	—	—
Current Drawdown Current decline from peak	0.00%	-0.36%	+0.36%
Average Drawdown Average peak-to-trough decline	-3.82%	-1.34%	-2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	—	—

Volatility

Volatility by Period

	MADE	XLII	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%	11.55%	+8.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	11.55%	+10.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	11.55%	+10.75%

MADE vs. XLII - Expense Ratio Comparison

MADE has a 0.40% expense ratio, which is higher than XLII's 0.35% expense ratio.

Dividends

MADE vs. XLII - Dividend Comparison

MADE's dividend yield for the trailing twelve months is around 0.65%, less than XLII's 11.29% yield.

Position	TTM	2025	2024
MADE iShares U.S. Manufacturing ETF	0.65%	0.89%	0.34%
XLII State Street Industrial Select Sector SPDR Premium Income ETF	11.29%	5.47%	0.00%

Frequently Asked Questions

Can I hold both MADE and XLII in my portfolio?

MADE and XLII have a correlation of 0.88, 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 XLII?

On fees, XLII is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MADE or XLII?

XLII is cheaper with a 0.35% expense ratio, compared with 0.40% for MADE.

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

XLII has the higher dividend yield at 11.29%, compared with 0.65% for MADE.

What is the main difference between MADE and XLII?

MADE is categorized as Industrials Equities, while XLII is Derivative Income. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for MADE and 0.35% for XLII.