RIFR vs. MADE
RIFR (Russell Investments Global Infrastructure ETF) and MADE (iShares U.S. Manufacturing ETF) are both Industrials Equities funds. RIFR is actively managed, while MADE is passively managed. Over the past year, RIFR returned 12.80% vs 50.25% for MADE. At a 0.38 correlation, their price movements are largely independent. RIFR charges 0.59%/yr vs 0.40%/yr for MADE.
Performance
RIFR vs. MADE - Performance Comparison
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Returns By Period
In the year-to-date period, RIFR achieves a 8.62% return, which is significantly lower than MADE's 22.94% return.
RIFR
- 1D
- -0.38%
- 1M
- -1.89%
- YTD
- 8.62%
- 6M
- 8.08%
- 1Y
- 12.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MADE
- 1D
- 0.07%
- 1M
- 4.90%
- YTD
- 22.94%
- 6M
- 24.56%
- 1Y
- 50.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RIFR vs. MADE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RIFR Russell Investments Global Infrastructure ETF | 8.62% | 7.21% |
MADE iShares U.S. Manufacturing ETF | 22.94% | 22.98% |
Correlation
The correlation between RIFR and MADE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 15, 2025 | 0.38 |
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Return for Risk
RIFR vs. MADE — Risk / Return Rank
RIFR
MADE
RIFR vs. MADE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Global Infrastructure ETF (RIFR) and iShares U.S. Manufacturing ETF (MADE). 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.
| RIFR | MADE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.41 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.76 | -1.87 |
| Martin ratioReturn relative to average drawdown | 6.07 | 16.45 | -10.39 |
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
| RIFR | MADE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.47 | -1.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.47 | 1.28 | +0.18 |
Drawdowns
RIFR vs. MADE - Drawdown Comparison
The maximum RIFR drawdown since its inception was -6.80%, smaller than the maximum MADE drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for RIFR and MADE.
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Drawdown Indicators
| RIFR | MADE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.80% | -23.79% | +16.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -13.43% | +6.63% |
Current DrawdownCurrent decline from peak | -4.18% | 0.00% | -4.18% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -3.82% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 3.06% | -0.94% |
Volatility
RIFR vs. MADE - Volatility Comparison
The current volatility for Russell Investments Global Infrastructure ETF (RIFR) is 3.50%, while iShares U.S. Manufacturing ETF (MADE) has a volatility of 7.43%. This indicates that RIFR experiences smaller price fluctuations and is considered to be less risky than MADE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIFR | MADE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 7.43% | -3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 16.99% | -8.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 20.51% | -10.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.69% | 22.30% | -11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 22.30% | -11.61% |
RIFR vs. MADE - Expense Ratio Comparison
RIFR has a 0.59% expense ratio, which is higher than MADE's 0.40% expense ratio.
Dividends
RIFR vs. MADE - Dividend Comparison
RIFR's dividend yield for the trailing twelve months is around 0.90%, more than MADE's 0.65% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MADE iShares U.S. Manufacturing ETF | 0.65% | 0.89% | 0.34% |
RIFR Russell Investments Global Infrastructure ETF | 0.90% | 0.98% | 0.00% |
Frequently Asked Questions
RIFR and MADE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MADE has higher volatility (7.43%) compared to RIFR (3.50%). In terms of maximum drawdown, RIFR dropped -6.80% vs MADE's -23.79%.
On 1-year performance, MADE leads with 50.25% vs 12.80% for RIFR. On fees, MADE is cheaper at 0.40% per year. On volatility, RIFR has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MADE has performed better with a 50.25% return vs 12.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MADE is cheaper with a 0.40% expense ratio, compared with 0.59% for RIFR.
RIFR has the higher dividend yield at 0.90%, compared with 0.65% for MADE.
They also come from different issuers: Russell and iShares. Their fees differ too: 0.59% for RIFR and 0.40% for MADE.
MADE currently has the higher Sharpe Ratio (2.47 vs 1.22), 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.
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