MADE vs VOO
iShares US Manufacturing ETF vs Vanguard S&P 500 ETF
Which is better, MADE or VOO?
All Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. MADE is less concentrated, with 37.2% of the fund in its ten largest positions against 39.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MADE | VOO |
|---|---|---|
| Expense Ratio | 0.40% | 0.03%Best |
| AUM | $54M | $1.0T |
| Dividend Yield | 0.65% | 1.05% |
| Holdings | 115 | 519 |
| YTD Return | +4.47% | +11.31%Best |
| 1Y Return | +10.44% | +13.49%Best |
| 3Y Return (annualized) | - | +20.46% |
| 5Y Return (annualized) | - | +11.61% |
| Volatility (annualized) | 18.6% | 11.9%Best |
| Max Drawdown | -23.8% | -18.7%Best |
| $10,000 over 2.3 years | $13,907 | $13,982Best |
| Top 10 Weight | 37.2%Best | 39.1% |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | Jul 17, 2024 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jul 18, 2024 to Nov 13, 2026 (2.3 years).
MADE vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
MADE vs VOO Performance
iShares US Manufacturing ETF (MADE) is an ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year MADE returned +10.44% while VOO returned +13.49%. Year to date, MADE is up 4.47% versus a gain of 11.31% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MADE has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 11.9% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.8% for MADE and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MADE charges 0.40% per year while VOO charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, MADE currently yields 0.65% against 1.05% for VOO.
Holdings Overlap
80.2% of MADE's money is in holdings VOO also owns. 4.6% of VOO's money is in holdings MADE also owns.
Most of MADE is already inside VOO. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 112 positions we hold weights for in MADE and 506 in VOO, against full books of 115 and 519.
What only one of them owns
Measured across the 112 and 506 positions we hold weights for.
VOO holds 459 positions MADE does not, 95.4% of the fund.
Largest: NVDA 8.39%, AAPL 7.38%, MSFT 5.78%, AMZN 3.71%, GOOGL 3.07%
Top Shared Holdings
| Stock | Weight in MADE | Weight in VOO | Difference |
|---|---|---|---|
| DEDeere & Co. | 4.23% | 0.26% | 3.97% |
| RTXRaytheon Co. | 4.11% | 0.38% | 3.73% |
| APHAmphenol Corp. Class A | 4.14% | 0.32% | 3.82% |
| ETNEaton Corporation Plc Ordinary Shares | 3.78% | 0.25% | 3.53% |
| PHParker-Hannifin Corp. | 3.74% | 0.18% | 3.56% |
| GMGeneral Motors Co. | 3.82% | 0.10% | 3.72% |
| CATCaterpillar, Inc. | 3.24% | 0.57% | 2.67% |
| HONHoneywell International Inc | 3.44% | 0.10% | 3.34% |
| CMICummins Inc. | 3.43% | 0.11% | 3.32% |
| VRTVertiv Group Corp | 3.23% | 0.14% | 3.09% |
80.2% of MADE is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MADE or VOO?
MADE has an expense ratio of 0.40% while VOO charges 0.03%. VOO is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, MADE or VOO?
Over the past year MADE returned +10.44% vs +13.49% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), MADE annualized +15.42% vs +15.69% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MADE or VOO?
MADE has been the more volatile fund at 18.6% annualized versus 11.9% for VOO. Worst drawdown: MADE -23.8% vs VOO -18.7%.
Should I hold both MADE and VOO?
MADE and VOO have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MADE and VOO?
80.2% of MADE's money is in holdings VOO also owns. 4.6% of VOO's is in holdings MADE also owns. They hold 42 positions in common, counted across the 112 positions we hold weights for in MADE and 506 in VOO.
Which pays a higher dividend, MADE or VOO?
MADE yields 0.65% while VOO yields 1.05%, so VOO currently pays the higher dividend yield.
Is VOO better than MADE?
VOO has a lower expense ratio. VOO led over 1Y and the full window. MADE is less concentrated, with 37.2% of the fund in its ten largest positions against 39.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.