Do MADE and NRSH hold the same stocks?

By their latest filings, 3% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, MADE or NRSH?

MADE has 81% of its weight in S&P 500 names and NRSH has 55%, so MADE differs more from the index.

Which is cheaper, MADE or NRSH?

MADE charges 0.40% a year and NRSH charges 0.76%, so MADE is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

MADE vs NRSH: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, MADE returned +12.2% to NRSH's +19.1%; 3% of their weight is in the same names.

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Net assets: $56m on Nov 3, 2026 for iShares U.S. Manufacturing ETF, and $30m on Jul 31, 2026 for Aztlan North America Nearshoring Stock Selection ETF.

MADE on its own →NRSH on its own →

At a glance

80.7%

MADE in the S&P 500

55.4%

NRSH in the S&P 500

+12.2%

MADE total return, 1 year

+19.1%

NRSH total return, 1 year

MADE · 1 year to Nov 4, 2026 19% of its weight is outside the S&P 500

81% of MADE's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Nov 3, 2026.

NRSH · 1 year to Nov 4, 2026 45% of its weight is outside the S&P 500

55% of NRSH's weight is in S&P 500 companies and 45% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

MADE costs 0.36 points a year less; their one-year returns differ by 6.9 points.

Points (pts) are percentage points.

MADE vs NRSH: Holdings Overlap & Returns
Measure	MADE	NRSH
Return
Measure	MADE	NRSH
Total return, 1 year	+12.2%	+19.1%
Drawdown
Measure	MADE	NRSH
Below its all-time high	14.7%, high on Jun 22, 2026	17.1%, high on Jun 30, 2026
Against its benchmark
Measure	MADE	NRSH
What it tracks	Reshoring and manufacturing	Reshoring and manufacturing
Against the S&P 500, 1 year		ahead by 4.3 pts
Its benchmark, total return, 1 year		+14.8%
Against its benchmark, 1 year		ahead by 4.3 pts
Cost and size
Measure	MADE	NRSH
Expense ratio	0.40%	0.76%
Net assets, MADE as of Nov 3, 2026 and NRSH as of Jul 31, 2026	$56m	$30m
Holdings
Measure	MADE	NRSH
Holdings in common	3%

ETFIQ S&P 500 Difference Score · MADE scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score68MADE57.5NRSH

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

MADE 68

NRSH 57.5

0.4, the lowest in this set 99.6, the highest

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Method

What they share

By the books each fund has filed, MADE and NRSH hold 3% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first MADE NRSH

ROCKWELL AUTOMATION INC 2.41% 3.79%

LEIDOS HOLDINGS 0.25% 3.43%

Only in one fund ↓

Only in MADE

AMPHENOL CORP CLASS A 4.29%

RTX 4.09%

DEERE 4.07%

EATON PLC 3.91%

PARKER-HANNIFIN 3.84%

GENERAL MOTORS 3.76%

HONEYWELL INTERNATIONAL INC 3.45%

CUMMINS INC 3.35%

Only in NRSH

Tenable Holdings Inc 4.42%

Mullen Group Ltd 4.33%

Intuit Inc 4.14%

Crowdstrike Holdings Inc 4.06%

NetApp Inc 4.01%

GRUPO AEROPORTUARIO DEL CENTRO SAB DE CV 3.80%

Broadcom Inc 3.70%

NetScout Systems Inc 3.56%

Check overlap with more funds →

Window by window

Window by window: MADE vs NRSH: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	MADE	NRSH	MADE	NRSH
3 months	−12.5%	−11.5%	not measured	−11.4 pts vs VOO
6 months	−10.6%	−11.6%	not measured	−16.6 pts vs VOO
1 year	+12.2%	+19.1%	not measured	+4.3 pts vs VOO
Since launchNot the same days: MADE Jul 2024 · NRSH Nov 2023	+40.8%	+42.0%	not measured	−32.6 pts vs VOO

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Side by side

MADE iShares U.S. Manufacturing ETF · Holds 112 stocks in reshoring and manufacturing, 81% of its weight in S&P 500 companies NRSH Aztlan North America Nearshoring Stock Selection ETF · Holds 31 stocks in reshoring and manufacturing, 55% of its weight in S&P 500 companies

Issuer iShares Aztlan

Theme Reshoring and manufacturing Reshoring and manufacturing

In the S&P 500 80.7% 55.4%

Active share vs the S&P 500 94.8% 88.6%

In the Nasdaq-100 9.4% 28.3%

Holdings 112 31

Top ten, share of the fund 37.1% 39.4%

Expense ratio 0.40% 0.76%

Fee for the differing part 0.42% 0.86%

Total return, 1 year +12.2% +19.1%

vs its benchmark not measured +4.3 pts vs VOO

Below its high −14.7% −17.1%

Net assets, MADE as of Nov 3, 2026 and NRSH as of Jul 31, 2026 $56m $30m

As of Nov 4, 2026. Source: ETFIQ.

3% of the two portfolios are the same securities at the same weight.

Alert

About each fund

MADE

By weight, 81% of MADE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 95%. The top ten holdings are 37% of the fund across 112 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +12.2% with distributions reinvested. It sits 14.7% below its all-time high of Jun 22, 2026.

NRSH

By weight, 55% of NRSH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 89%. The top ten holdings are 39% of the fund across 31 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +19.1% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Total Return Index, so a holder was ahead by 4.3 pts. It sits 17.1% below its all-time high of Jun 30, 2026.

Questions people ask

Do MADE and NRSH hold the same stocks?: By their latest filings, 3% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, MADE or NRSH?: MADE has 81% of its weight in S&P 500 names and NRSH has 55%, so MADE differs more from the index.
Which is cheaper, MADE or NRSH?: MADE charges 0.40% a year and NRSH charges 0.76%, so MADE is cheaper. Fees come from each fund's prospectus.

Other comparisons

MADE vs PIEL MADE vs PEXL MADE vs SUPP MADE vs WELD NRSH vs PEXL NRSH vs WELD NRSH vs PIEL NRSH vs SUPP

Where to next

MADE on its own →NRSH on its own →MADE dividend history →MADE holdings →NRSH dividend history →NRSH holdings →Method →Standards and sources →

Sources and dates

MADE filings on SEC EDGAR ↗

MADE prospectus with the expense ratio (SEC) ↗

iShares page for MADE ↗

NRSH filings on SEC EDGAR ↗

NRSH prospectus with the expense ratio (SEC) ↗

Aztlan website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, MADE against NRSH, data as of Nov 4, 2026. https://etfiq.com/compare/themes/made-vs-nrsh

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.