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MADEvsHWAYETF Comparison
iShares U.S. Manufacturing ETF (MADE) belongs to the US Large Cap segment. Themes US Infrastructure ETF (HWAY) is part of the Infrastructure segment. MADE's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, HWAY's top sector exposures are Industrials, Materials and Consumer Discretionary. MADE is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.29% for HWAY. MADE is up 8.74% year-to-date (YTD) with +$18M in YTD flows. HWAY performs worse with 6.51% YTD performance, and +$689K in YTD flows. Run a side-by-side ETF comparison of MADE and HWAY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
MADE vs HWAY performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MADE HWAY | -5.17%-7.78% | +8.47%+3.96% | +8.74%+6.51% | +46.16%+34.45% | n/an/a | n/an/a |
| Flows | MADE HWAY | +$12M+$359K | +$18M+$1M | +$18M+$689K | +$27M+$1M | -- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MADE HWAY | +21.39%+21.05% | +23.27%+22.38% | n/an/a | n/an/a |
| Max drawdown | MADE HWAY | -7.81%-9.91% | -16.09%-13.68% | n/an/a | n/an/a |
| Max drawdown duration | MADE HWAY | 18d18d | 45d37d | n/an/a | n/an/a |
MADE | HWAY | |
Last sale 3/13/2026 at 1:30 PM | $33.75 | $32.69 |
| Previous close 03/12/2026 | $33.88 | $32.93 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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MADE | HWAY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
MADE | HWAY | |
|---|---|---|
| Last price | $33.75 | $32.69 |
| 1D performance | -0.38% | -0.74% |
| AuM | $47.80 M | $2.64 M |
| E/R | 0.4% | 0.29% |
MADE | HWAY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Themes Management Company |
| Benchmark | S&P U.S. Manufacturing Select Index | Solactive United States Infrastructure Index |
| N° of holdings | 100 | 94 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 18, 2024 | September 12, 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 MADE and HWAY ETFs performed in 2026?
As of March 12, 2026, MADE is up 8.74% year-to-date (YTD), while HWAY has returned 6.51%. That puts MADE better performer ahead so far this year.
Which ETF is attracting more investor money: MADE or HWAY?
Year-to-date, the MADE ETF saw +$18M in flows, compared to +$689K for HWAY.
Which ETF is more volatile: MADE or HWAY?
Over the past year, MADE had a volatility of 23.27%, while HWAY experienced 22.38%.
Which ETF is bigger: MADE or HWAY?
As of March 12, 2026, MADE holds $47.80 M in assets under management (AUM), while HWAY manages $2.64 M.
What sectors do the MADE and HWAY ETFs invest in?
MADE leans toward sectors like Industrials, Information Technology and Consumer Discretionary. Meanwhile, HWAY focuses on Industrials and Materials.
What are the top holdings of the MADE ETF and HWAY ETF?
MADE top holdings include HONEYWELL INTL, DEERE and CATERPILLAR. HWAY holds in its top three: CATERPILLAR, PARKER HANNIFIN and DEERE.
Which ETF is more diversified: MADE or HWAY?
MADE holds 112 securities with 52.55% of its assets in the top 15. HWAY has 99 securities and a top 15 weight of 57.24%.
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