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 | +1.4% | +2.8% | +2.3% | -4.4% | +4.4% | +17.0% | +20.9% |
| vs S&P 500 | +0.8% | +2.3% | +1.6% | -8.7% | +2.8% | +2.9% | +4.4% |
1y · 2025-10-21 – 2026-10-21 · 252 / 252 sessions
Basket total returns · Annualized using 252 trading sessions · 0% risk-free rate and downside target. As of 2026-10-21 · 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 | |||||
|---|---|---|---|---|---|---|
| VMCVulcan Materials Company | Aggregates — heavy-side construction | +1.0% | +9.4% | +8.3% | -6.7% | 2026-06-11 |
| NUENucor | Domestic steel, tariff-protected | +1.2% | +2.9% | +7.4% | +63.5% | 2026-06-11 |
| GWWW. W. Grainger | MRO distribution | +1.2% | +1.6% | +6.4% | +34.8% | 2026-06-11 |
| STLDSteel Dynamics | Steel + fabrication backlog | +1.5% | +2.1% | +6.1% | +47.5% | 2026-06-11 |
| DOV | Flow control and industrial components | +1.4% | +3.4% | +5.7% | +3.1% | 2026-06-11 |
| EMREmerson Electric | Process automation | +1.6% | +1.3% | +5.5% | +24.3% | 2026-06-11 |
| MLMMartin Marietta Materials | Aggregates for plant and infrastructure construction | +0.3% | +8.0% | +3.8% | -17.9% | 2026-06-11 |
| IR | Compressors and industrial air — factory equipment | +0.6% | +1.4% | +3.7% | -0.1% | 2026-06-11 |
| URI | Equipment rental: capex without ownership | +2.4% | +3.3% | +3.6% | +32.9% | 2026-06-11 |
| FASTFastenal | Industrial distribution daily read | +1.6% | +0.9% | +2.9% | +33.0% | 2026-06-11 |
| ITWIllinois Tool Works | Short-cycle industrial breadth — capex bellwether | +0.7% | +2.7% | +1.9% | +14.5% | 2026-06-11 |
| ROKRockwell Automation | Factory automation pure play | +2.5% | +3.6% | +1.3% | +13.8% | 2026-06-11 |
| HONHoneywell | Industrial software + automation | +0.7% | +3.4% | +1.0% | +6.4% | 2026-06-11 |
| CRHCRH plc | Cement and materials — US infrastructure mix | +1.0% | +8.6% | +0.9% | -30.3% | 2026-06-11 |
| PHParker Hannifin | Motion/flow control breadth | +1.4% | +0.2% | -1.3% | +9.7% | 2026-06-11 |
| CATCaterpillar Inc. | Construction equipment demand | +2.1% | -1.2% | -8.8% | +30.3% | 2026-06-11 |
| ETNEaton Corporation | Electrical content of new plants | +3.1% | -3.6% | -10.2% | +24.7% | 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 1710 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.