Reshoring & Industrial Capex
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.
Performance
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 | +0.9% | -0.9% | -6.9% | +1.7% | +0.2% | +16.1% | +20.7% |
| vs S&P 500 | +1.3% | -1.1% | -6.6% | -4.3% | -0.2% | +2.6% | +1.0% |
Inside the basket · 17 stocks
Current members and the reasoning behind each inclusion. Returns are for individual stocks.
| Why it’s included | Added | |||||
|---|---|---|---|---|---|---|
| GWW | MRO distribution | +0.9% | +1.4% | +3.9% | +32.0% | 2026-06-11 |
| ROK | Factory automation pure play | +1.3% | +0.7% | -1.3% | +12.6% | 2026-06-11 |
| EMR | Process automation | +1.7% | -1.5% | -3.1% | +16.4% | 2026-06-11 |
| CAT | Construction equipment demand | +1.7% | +1.7% | -3.4% | +42.9% | 2026-06-11 |
| NUE | Domestic steel, tariff-protected | -0.5% | +4.2% | -4.2% | +61.0% | 2026-06-11 |
| FAST | Industrial distribution daily read | +0.7% | -0.4% | -4.3% | +25.6% | 2026-06-11 |
| CRH | Cement and materials — US infrastructure mix | +2.4% | -1.7% | -5.8% | -23.6% | 2026-06-11 |
| MLM | Aggregates for plant and infrastructure construction | +1.1% | -2.9% | -6.0% | -17.0% | 2026-06-11 |
| VMC | Aggregates — heavy-side construction | +0.9% | -4.3% | -7.6% | -7.4% | 2026-06-11 |
| STLD | Steel + fabrication backlog | -1.6% | +3.1% | -7.8% | +43.6% | 2026-06-11 |
| DOV | Flow control and industrial components | +0.9% | -2.7% | -8.4% | -0.5% | 2026-06-11 |
| ETN | Electrical content of new plants | +3.5% | +2.0% | -8.4% | +30.1% | 2026-06-11 |
| ITW | Short-cycle industrial breadth — capex bellwether | -0.6% | -3.6% | -8.9% | +11.0% | 2026-06-11 |
| PH | Motion/flow control breadth | -0.2% | -3.1% | -10.2% | +10.2% | 2026-06-11 |
| IR | Compressors and industrial air — factory equipment | +1.3% | -2.8% | -12.2% | -3.5% | 2026-06-11 |
| URI | Equipment rental: capex without ownership | +1.6% | -2.0% | -13.0% | +25.5% | 2026-06-11 |
| HON | Industrial software + automation | +1.0% | -3.6% | -14.6% | +10.0% | 2026-06-11 |
How this basket is built
Equal-weighted, monthly-rebalanced, buy-and-hold between rebalances; dated membership changes take effect same-day.
Tracked since 2026-06-11. Membership decisions are documented below.
Read the methodology →Reading the returns
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 1678 sessions. broad-sector proxy — no listed reshoring pure-play fund tracks the S&P universe
Membership history & changes
- expand
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.
- expand
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).
- create
Initial composition: automation, equipment, distribution, steel.