Factories coming home: automation, electrical content, construction equipment and rental, distribution, heavy-side materials, and the domestic steel that feeds it. The fiscal-industrial policy trade — IRA, CHIPS, and tariff walls in one basket.
Follow the theme against the wider market.
Series before each basket's creation date are a backtest of the membership as of creation; live tracking starts at creation.
| Return | 1 day | 5 days | 20 days | 60 days | MTD | YTD | 1 year |
|---|---|---|---|---|---|---|---|
| Basket | +0.3% | +0.3% | +2.1% | -3.8% | +2.3% | +14.7% | +18.8% |
| vs S&P 500 | +1.4% | +2.2% | +2.0% | -7.3% | +2.1% | +2.1% | +2.9% |
1y · 2025-10-16 – 2026-10-16 · 252 / 252 sessions
Basket total returns · Annualized using 252 trading sessions · 0% risk-free rate and downside target. As of 2026-10-16 · close.
Sharpe: average daily simple return divided by its sample standard deviation, multiplied by √252. The risk-free rate is assumed to be 0%; this is not a cash-adjusted ratio.
Sortino: average daily simple return divided by downside deviation, multiplied by √252. Downside deviation is the square root of the average squared shortfall below 0%, counting all sessions, including zeros for gains.
Historical volatility: √(252 × average squared daily log return), matching the Vol page’s realized-volatility convention. This differs from the sample standard deviation used in Sharpe.
Each period requires complete history and at least 5 sessions. MTD and YTD follow the calendar; 1y is 252 sessions. Missing data or an undefined ratio displays — with a reason. Short periods can produce unstable ratios; intraday snapshots include a partial session. History before this basket’s creation is backtested. If a new basket has no stored daily return series yet, estimates from its rounded published chart levels are marked ≈.
Current members and the reasoning behind each inclusion. Returns are for individual holdings.
| Why it’s included | Added | |||||
|---|---|---|---|---|---|---|
| IR | Compressors and industrial air — factory equipment | -0.1% | -1.2% | +8.3% | -1.8% | 2026-06-11 |
| EMREmerson Electric | Process automation | -0.4% | -0.2% | +7.7% | +23.0% | 2026-06-11 |
| VMCVulcan Materials Company | Aggregates — heavy-side construction | +2.1% | +5.3% | +7.0% | -9.2% | 2026-06-11 |
| GWWW. W. Grainger | MRO distribution | -0.0% | +3.2% | +5.1% | +32.6% | 2026-06-11 |
| DOV | Flow control and industrial components | +0.9% | +3.7% | +4.5% | +1.0% | 2026-06-11 |
| FASTFastenal | Industrial distribution daily read | +1.3% | +0.5% | +4.1% | +29.2% | 2026-06-11 |
| NUENucor | Domestic steel, tariff-protected | +0.6% | +2.4% | +3.4% | +58.4% | 2026-06-11 |
| ROKRockwell Automation | Factory automation pure play | +1.0% | -1.5% | +2.6% | +10.6% | 2026-06-11 |
| STLDSteel Dynamics | Steel + fabrication backlog | -0.1% | +0.9% | +2.5% | +43.1% | 2026-06-11 |
| HONHoneywell | Industrial software + automation | +0.4% | +1.8% | +2.4% | +4.7% | 2026-06-11 |
| PHParker Hannifin | Motion/flow control breadth | +0.2% | +0.1% | +2.1% | +10.3% | 2026-06-11 |
| MLMMartin Marietta Materials | Aggregates for plant and infrastructure construction | +2.0% | +4.7% | +2.1% | -19.2% | 2026-06-11 |
| ITWIllinois Tool Works | Short-cycle industrial breadth — capex bellwether | +0.4% | +3.1% | +1.7% | +12.6% | 2026-06-11 |
| URI | Equipment rental: capex without ownership | -1.7% | -2.5% | +1.5% | +28.0% | 2026-06-11 |
| CRHCRH plc | Cement and materials — US infrastructure mix | +1.6% | +2.6% | -2.9% | -32.2% | 2026-06-11 |
| ETNEaton Corporation | Electrical content of new plants | -2.8% | -8.9% | -7.9% | +23.9% | 2026-06-11 |
| CATCaterpillar Inc. | Construction equipment demand | -0.7% | -8.7% | -9.7% | +28.3% | 2026-06-11 |
Equal-weighted; monthly rebalance, buy-and-hold between rebalances; dated membership changes reset the target weights.
Tracked since 2026-06-11. Membership decisions are documented below.
Read the methodology →Basket returns include dividends. “vs S&P 500” compares the basket’s compounded growth with the benchmark’s. Green means positive; red means negative.
Cross-checked against XLI. Daily return correlation: 0.94 across 1707 sessions. broad-sector proxy — no listed reshoring pure-play fund tracks the S&P universe
FW 3000 pass: added AIT, MLI, ATKR, STRL, PRIM, CMC, GVA — names outside the S&P 500 but inside our broad universe; they count only in the FW 3000 version of this basket. Effective-dated to creation so the broad backtest covers the full set. The S&P 500 basket is unchanged.
Widening pass: added machinery breadth (ITW, DOV, IR), electrical content (ETN), and the materials leg (MLM, VMC, CRH). Reference pinned to XLI as a broad-sector proxy. New members are effective-dated to basket creation so the backtest and the reference correlation cover the widened set (the basket was one day old, with no meaningful live history to restate).
Initial composition: automation, equipment, distribution, steel.