HVACvsMADEETF Comparison
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AdvisorShares HVAC and Industrials ETF (HVAC) belongs to the Uncategorized Equities segment. iShares U.S. Manufacturing ETF (MADE) is part of the US Large Cap segment. HVAC's top 3 sector exposures are Industrials, Technology and Non-Energy Materials. In contrast, MADE's top sector exposures are Industrials, Technology and Consumer Cyclicals. HVAC is more expensive with a Total Expense Ratio (TER) of 35.61%, versus 0.4% for MADE. HVAC is down -3.38% year-to-date (YTD) with +$9M in YTD flows. MADE performs better with 6.01% YTD performance, and +$26M in YTD flows. Run a side-by-side ETF comparison of HVAC and MADE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HVAC vs MADE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HVAC MADE | -12.37%-7.09% | -20.22%-11.74% | -3.38%+6.01% | -6.04%+9.92% | n/an/a | n/an/a |
| Flows | HVAC MADE | -$1M-$2M | -$1M-$2M | +$9M+$26M | +$10M+$28M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HVAC MADE | +37.69%+21.08% | +35.58%+23.73% | n/an/a | n/an/a |
| Max drawdown | HVAC MADE | -20.25%-14.52% | -30.91%-16.58% | n/an/a | n/an/a |
| Max drawdown duration | HVAC MADE | 67d72d | 123d123d | n/an/a | n/an/a |
Trading data
HVAC | MADE | |
Last sale 10/23/2026 at 1:30 PM | $29.91 | $32.89 |
| Previous close 10/22/2026 | $30.33 | $33.10 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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HVAC
is actively managed and doesn’t replicate an indexHVAC | MADE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
HVAC | MADE | |
|---|---|---|
| Last price | $29.91 | $32.89 |
| 1D performance | -1.38% | -0.64% |
| AuM | $11.23 M | $53.32 M |
| E/R | 35.61% | 0.4% |
Characteristics
HVAC | MADE | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AdvisorShares | iShares |
| Benchmark | - | S&P U.S. Manufacturing Select Index |
| N° of holdings | 20 | 114 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 3, 2025 | July 18, 2024 |
| ESG | No | No |
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Exposure
Countries
HVAC
USA
85.54%
Other
14.46%
MADE
USA
85.08%
Ireland
12.87%
Other
2.05%
Sectors
HVAC
Industrials
72.3%
Technology
16.45%
Other
11.25%
MADE
Industrials
78.74%
Technology
13.17%
Consumer Cyclical.
7.75%
Other
0.34%
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Diversification
HVAC
Total weight of top 15 holdings out of 15
78.41%
MADE
Total weight of top 15 holdings out of 15
52.49%
Top 15 holdings
Data as of August 31, 2026
HVAC
Comfort Systems USA, Inc.
7.01%
Amphenol Corp.
6.24%
Belden, Inc.
6.04%
3M Co.
5.93%
Vertiv Holdings Co.
5.72%
AMETEK, Inc.
5.65%
nVent Electric Plc
5.20%
Bloom Energy Corp.
5.03%
Quanta Services, Inc.
4.91%
Madison Air Solutions Corp.
4.68%
GE Vernova, Inc.
4.61%
Ferguson Enterprises, Inc.
4.56%
Carrier Global Corp.
4.44%
Flowserve Corp.
4.22%
Jabil, Inc.
4.17%
MADE
Deere & Co.
4.73%
Eaton Corp. Plc
4.33%
Amphenol Corp.
4.30%
RTX Corp.
3.99%
Parker-Hannifin Corp.
3.85%
Caterpillar, Inc.
3.76%
General Motors Co.
3.71%
Cummins, Inc.
3.62%
Vertiv Holdings Co.
3.37%
PACCAR, Inc.
3.11%
Trane Technologies Plc
3.06%
TE Connectivity Plc
2.86%
Johnson Controls International Plc
2.63%
Ford Motor Co.
2.60%
Coherent Corp.
2.59%
Frequently asked questions about HVAC and MADE
How have the HVAC and MADE ETFs performed in 2026?
As of October 23, 2026, HVAC is down -3.38% year-to-date (YTD), while MADE has returned 6.01%. That puts MADE better performer ahead so far this year.
Which ETF is attracting more investor money: HVAC or MADE?
Year-to-date, the HVAC ETF saw +$9M in flows, compared to +$26M for MADE.
Which ETF is more volatile: HVAC or MADE?
Over the past year, HVAC had a volatility of 35.58%, while MADE experienced 23.73%.
Which ETF is bigger: HVAC or MADE?
As of October 23, 2026, HVAC holds $11.23 M in assets under management (AUM), while MADE manages $53.32 M.
What sectors do the HVAC and MADE ETFs invest in?
HVAC leans toward sectors like Industrials and Technology. Meanwhile, MADE focuses on Industrials, Technology and Consumer Cyclicals.
What are the top holdings of the HVAC ETF and MADE ETF?
HVAC top holdings include Comfort Systems USA, Inc., Amphenol Corp. and Belden, Inc.. MADE holds in its top three: Deere & Co., Eaton Corp. Plc and Amphenol Corp..
Which ETF is more diversified: HVAC or MADE?
HVAC holds 20 securities with 78.41% of its assets in the top 15. MADE has 114 securities and a top 15 weight of 52.49%.
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