iShares U.S. Manufacturing ETF (MADE) Performance
MADE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.8% since Dec 31, 2025
- 1 year
- +9.8% total return
- Since first price
- +37.9% since 2024
MADE trailing returns vs SPY, QQQ, AGG
| Period | MADE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.1% | −7.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −11.8% | −12.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −11.1% | −11.4% | +7.8% | +8.4% | −1.5% |
| YTD | +5.8% | +5.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.8% | +9.1% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 18, 2024 | +37.9% | +35.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MADE vs SPY
From Jul 18, 2024: MADE grew to $13,789, SPY to $14,112.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MADE returns by calendar year
1 of 1 full years positive. Best 2025 (+27.3%), worst 2025 (+27.3%). 2026 is year to date.
MADE annual returns table
| Year | MADE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.8% | −16.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +27.3% | −22.4% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MADE largest drawdowns
Now 16.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 25, 2024 | −23.8% | Apr 8, 2025 | Jul 1, 2025 | 4 months | 7 months |
| Jun 22, 2026 | −16.7% | Oct 23, 2026 | not yet | 4 months | 4 months so far |
| Feb 24, 2026 | −13.4% | Mar 30, 2026 | Apr 14, 2026 | 34 days | 49 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MADE risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +19.3% |
| Volatility (annualized) | 19.0% |
| Sharpe ratio | 0.81 |
| Sortino ratio | 1.41 |
| Best month | +11.4% |
| Worst month | −8.4% |
| Best 12 months | +61.5% |
| Worst 12 months | +16.0% |
| Positive months | 65% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MADE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 16 | +7.4% | +26.9% | +61.5% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MADE performance overview
iShares U.S. Manufacturing ETF (MADE) returned +9.8% over the past year, with distributions reinvested. Since its first recorded price on Jul 18, 2024 it has returned +37.9%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −23.8%, from Nov 25, 2024 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 19.0% a year.
Related: MADE chart, MADE holdings, MADE dividends, MADE valuation. See the MADE overview for the latest quote and fund facts.
MADE performance FAQ
What is the MADE return over the past year?
MADE returned +9.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.1%.
How much would $10,000 invested in MADE be worth?
$10,000 invested in MADE at its first recorded close on July 18, 2024 would be worth about $13,789 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MADE?
The largest peak-to-trough decline was −23.8% between November 25, 2024 and April 8, 2025. It recovered to the old high on July 1, 2025, 3 months after the bottom.
How volatile is MADE?
Over the past history MADE had an annualized volatility of 19.0% and a Sharpe ratio of 0.81 (excess return over 1–3 month T-bills per unit of risk).