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TRUI vs. MADE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TRUI vs. MADE

Last updated Jul 21, 2026
Documentation

TRUI (VanEck Industrials TruSector ETF) and MADE (iShares U.S. Manufacturing ETF) are both Industrials Equities funds. Their correlation of 0.85 suggests significant overlap in exposure.

Performance

TRUI vs. MADE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Industrials TruSector ETF (TRUI) and iShares U.S. Manufacturing ETF (MADE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

TRUI

1D
-0.72%
1M
-1.55%
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—

MADE

1D
-0.97%
1M
-7.35%
6M
6.02%
YTD
16.15%
1Y
31.72%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
21.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TRUI vs. MADE - Yearly Performance Comparison

2026 (YTD)
TRUI
VanEck Industrials TruSector ETF		1.14%
MADE
iShares U.S. Manufacturing ETF		-5.46%

Correlation

The correlation between TRUI and MADE is 0.85, 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 Jun 3, 2026

0.85

Compare stocks, funds, or ETFs

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VanEck Industrials TruSector ETF

iShares U.S. Manufacturing ETF

Often compared with TRUI:
TRUI vs. XLITRUI vs. EVXTRUI vs. ROKTTRUI vs. VISTRUI vs. IFRATRUI vs. HODLTRUI vs. REMX
Often compared with MADE:
MADE vs. XLIMADE vs. VISMADE vs. HWAYMADE vs. IFRAMADE vs. IAUMADE vs. SUPLMADE vs. PSCI

Return for Risk

TRUI vs. MADE — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MADE
MADE Risk / Return Rank: 5959
Overall Rank
MADE Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
MADE Sortino Ratio Rank: 5454
Sortino Ratio Rank
MADE Omega Ratio Rank: 5050
Omega Ratio Rank
MADE Calmar Ratio Rank: 6464
Calmar Ratio Rank
MADE Martin Ratio Rank: 7171
Martin Ratio Rank
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.

TRUI vs. MADE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Industrials TruSector ETF (TRUI) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

TRUIMADEDifference
Sharpe ratioReturn per unit of total volatility

—

1.40

—

Sortino ratioReturn per unit of downside risk

—

1.97

—

Omega ratioGain probability vs. loss probability

—

1.24

—

Calmar ratioReturn relative to maximum drawdown

—

2.37

—

Martin ratioReturn relative to average drawdown

—

9.38

—

TRUI vs. MADE - Sharpe Ratio Comparison

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Drawdowns

TRUI vs. MADE - Drawdown Comparison

The maximum TRUI drawdown since its inception was -3.98%, smaller than the maximum MADE drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for TRUI and MADE.

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Drawdown Indicators

TRUIMADEDifference

Max Drawdown

Largest peak-to-trough decline

-3.98%

-23.79%

+19.81%

Max Drawdown (1Y)

Largest decline over 1 year

—

-13.43%

—

Current Drawdown

Current decline from peak

-3.98%

-8.55%

+4.57%

Average Drawdown

Average peak-to-trough decline

-1.34%

-3.91%

+2.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.39%

—

Volatility

TRUI vs. MADE - Volatility Comparison

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Volatility by Period

TRUIMADEDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

8.17%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

18.99%

—

Volatility (1Y)

Calculated over the trailing 1-year period

20.34%

22.73%

-2.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.34%

22.90%

-2.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.34%

22.90%

-2.56%

Dividends

TRUI vs. MADE - Dividend Comparison

TRUI has not paid dividends to shareholders, while MADE's dividend yield for the trailing twelve months is around 0.66%.

PositionTTM20252024
MADE
iShares U.S. Manufacturing ETF		0.66%0.89%0.34%
TRUI
VanEck Industrials TruSector ETF		0.00%0.00%0.00%

Frequently Asked Questions

TRUI and MADE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MADE has the higher dividend yield at 0.66%, compared with 0.00% for TRUI.

They also come from different issuers: VanEck and iShares.

Portfolio Optimizer

Find the right allocation for TRUI and MADE

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