Data as of Nov 4, 2026.
MADE vs WELD: Holdings Overlap & Returns
MADE and WELD hold 17% of their weight in the same names.
askIQ about this page
askIQ about MADE and WELD
Net assets on Nov 3, 2026: $56m for iShares U.S. Manufacturing ETF and $251m for Tema U.S. Manufacturing & Reshoring ETF.
81% of MADE's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Nov 3, 2026.
39% of WELD's weight is in S&P 500 companies and 61% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
MADE costs 0.35 points a year less; WELD is 4.5 times larger.
| Measure | MADE | WELD |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.2% | not published |
| Drawdown | ||
| Below its all-time high | 14.7%, high on Jun 22, 2026 | 21.1%, high on Jun 30, 2026 |
| Benchmark | ||
| What it tracks | Reshoring and manufacturing | Reshoring and manufacturing |
| Cost and size | ||
| Expense ratio | 0.40% | 0.75% |
| Net assets, as of Nov 3, 2026 | $56m | $251m |
| Holdings | ||
| Holdings in common | 17% | |
Risk and return
Jul 2, 2026 to Oct 30, 2026 · 17 weekly returnsFrom Jul 2026 to Oct 2026, MADE returned more: −11.8% to −16.1%. MADE fell less at its worst: −14.4% to −17.2%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | MADE | WELD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −11.8% | −16.1% | MADE | Price change plus distributions, reinvested. |
| Price return | −12.0% | −16.1% | MADE | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −14.4% | −17.2% | MADE | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 17 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, MADE and WELD hold 17% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
17% in common
Only in one fund ↓
Window by window
| Total return | ||
|---|---|---|
| Window | MADE | WELD |
| 3 months | −12.5% | −15.4% |
| 6 months | −10.6% | – |
| 1 year | +12.2% | – |
| Since launch | +40.8% | – |
– means no data for this window. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
17% of the two portfolios are the same securities at the same weight.
No client brief for this pair: ETFIQ prints no one-year total return for WELD.
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.
WELD
By weight, 39% of WELD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 63% of the fund across 21 positions, as published by its issuer for Nov 3, 2026. It sits 21.1% below its all-time high of Jun 30, 2026.
Questions people ask
- Do MADE and WELD hold the same stocks?
- By their latest filings, 17% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
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 WELD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/made-vs-weld
ETFIQ. (Nov 4, 2026). MADE against WELD. Retrieved from https://etfiq.com/compare/themes/made-vs-weld
[MADE against WELD (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/made-vs-weld)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.