Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →
HWAYvsMADEETF Comparison
Themes US Infrastructure ETF (HWAY) belongs to the Infrastructure segment. iShares U.S. Manufacturing ETF (MADE) is part of the US Large Cap segment. HWAY's top 3 sector exposures are Industrials, Materials and Consumer Discretionary. In contrast, MADE's top sector exposures are Industrials, Information Technology and Consumer Discretionary. HWAY is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.4% for MADE. HWAY is up 9.74% year-to-date (YTD) with +$689K in YTD flows. MADE performs better with 11.76% YTD performance, and +$18M in YTD flows. Run a side-by-side ETF comparison of HWAY 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.
HWAY vs MADE performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HWAY MADE | -6.33%-2.49% | +7.18%+9.86% | +9.74%+11.76% | +37.54%+48.59% | n/an/a | n/an/a |
| Flows | HWAY MADE | +$359K+$12M | +$1M+$18M | +$689K+$18M | +$1M+$27M | -- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HWAY MADE | +20.61%+21.53% | +22.21%+23.15% | n/an/a | n/an/a |
| Max drawdown | HWAY MADE | -8.10%-7.02% | -13.68%-16.09% | n/an/a | n/an/a |
| Max drawdown duration | HWAY MADE | 16d16d | 37d45d | n/an/a | n/an/a |
HWAY | MADE | |
Last sale 3/11/2026 at 1:30 PM | $33.88 | $34.73 |
| Previous close 03/10/2026 | $33.93 | $34.85 |
| Consolidated volume 03/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
HWAY | MADE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
HWAY | MADE | |
|---|---|---|
| Last price | $33.88 | $34.73 |
| 1D performance | -0.15% | -0.33% |
| AuM | $2.72 M | $49.13 M |
| E/R | 0.29% | 0.4% |
HWAY | MADE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Themes Management Company | iShares |
| Benchmark | Solactive United States Infrastructure Index | S&P U.S. Manufacturing Select Index |
| N° of holdings | 94 | 100 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2024 | July 18, 2024 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the HWAY and MADE ETFs performed in 2026?
As of March 10, 2026, HWAY is up 9.74% year-to-date (YTD), while MADE has returned 11.76%. That puts MADE better performer ahead so far this year.
Which ETF is attracting more investor money: HWAY or MADE?
Year-to-date, the HWAY ETF saw +$689K in flows, compared to +$18M for MADE.
Which ETF is more volatile: HWAY or MADE?
Over the past year, HWAY had a volatility of 22.21%, while MADE experienced 23.15%.
Which ETF is bigger: HWAY or MADE?
As of March 10, 2026, HWAY holds $2.72 M in assets under management (AUM), while MADE manages $49.13 M.
What sectors do the HWAY and MADE ETFs invest in?
HWAY leans toward sectors like Industrials and Materials. Meanwhile, MADE focuses on Industrials, Information Technology and Consumer Discretionary.
What are the top holdings of the HWAY ETF and MADE ETF?
HWAY top holdings include CATERPILLAR, PARKER HANNIFIN and DEERE. MADE holds in its top three: HONEYWELL INTL, DEERE and CATERPILLAR.
Which ETF is more diversified: HWAY or MADE?
HWAY holds 99 securities with 57.24% of its assets in the top 15. MADE has 112 securities and a top 15 weight of 52.55%.
The Trump Pump: ETF Winners from the 2024 Presidential Election
Donald Trump vs Kamala Harris: ETFs to Watch
There's an ETF for That? Reshoring and Nearshoring
Notable ETF Filings and Launches Recap: July 2024
Active Trader Report: Use of Leveraged & Inverse ETFs Way Up
Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
