MAKX - ETF AI Analysis

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ProShares S&P Kensho Smart Factories ETF (MAKX)

Rating:65Neutral

Price Target:―

MAKX, the ProShares S&P Kensho Smart Factories ETF, has a solid overall rating driven mainly by strong, innovative holdings like Applied Materials, Emerson Electric, Autodesk, and Rockwell Automation, which show healthy financial performance, positive earnings outlooks, and strategic focus on AI, automation, and growth. However, weaker names such as 3D Systems and Ouster, which face profitability issues, negative momentum, and operational challenges, weigh on the fund’s rating, and investors should also note the risk that many top holdings are exposed to similar technology and automation trends, which can increase volatility if that theme falls out of favor.

Positive Factors

Strong Recent Performance

The ETF has shown strong gains so far this year and in recent months, indicating positive momentum in its strategy.

Growth-Oriented Top Holdings

Several of the largest positions, such as 3D Systems, Applied Materials, and Ouster, have delivered strong year-to-date gains that support the fund’s overall returns.

Focused Exposure to Technology and Industrials

The fund is heavily invested in technology and industrial companies tied to smart factories, giving targeted exposure to a specialized growth theme.

Negative Factors

High Concentration in a Few Stocks

The top ten holdings make up a large share of the portfolio, which increases the impact if any of these companies perform poorly.

Mixed Performance Among Top Holdings

Some key positions like Autodesk and Zebra Technologies have shown weak year-to-date performance, which can drag on the fund’s results.

High Expense Ratio

The fund charges a relatively high fee, which can eat into returns over time compared with lower-cost ETFs.

MAKX vs. SPDR S&P 500 ETF (SPY)

AUM1.41M

RegionNorth America

Expense Ratio0.58%

Beta1.33

IssuerProShares

Inception DateSep 29, 2021

Dividend Yield0.13%

Asset ClassEquity

Index TrackedS&P Kensho Smart Factories Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume351

30 Day Avg. Volume309

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

66.73

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering22

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

MAKX Summary

ProShares S&P Kensho Smart Factories ETF (MAKX) tracks the S&P Kensho Smart Factories Index, focusing on companies using robotics, artificial intelligence, and connected devices to modernize manufacturing. It mainly holds U.S. technology and industrial firms, including well-known names like Emerson Electric and Applied Materials. An investor might choose this ETF to seek long-term growth from the trend toward automation and digital, data-driven factories, while getting diversification across many companies in this theme. A key risk is that it is heavily tied to tech and industrial stocks, so its price can rise and fall sharply with those sectors.

How much will it cost me?The ProShares S&P Kensho Smart Factories ETF (MAKX) has an expense ratio of 0.58%, meaning you’ll pay $5.80 per year for every $1,000 invested. This is higher than average because the fund is actively managed to focus on innovative companies in the smart manufacturing sector.

What would affect this ETF?The MAKX ETF, focused on smart manufacturing and industrial innovation, could benefit from increased adoption of automation, AI, and IoT technologies as industries modernize globally. However, it may face challenges from rising interest rates, which can increase borrowing costs for companies, and potential regulatory hurdles related to advanced technologies. Its heavy exposure to the U.S. market and technology sector makes it sensitive to economic conditions and tech industry performance in the region.

MAKX Top 10 Holdings

MAKX is leaning heavily into U.S.-listed tech and industrial names powering smart factories, with a clear tilt toward automation and chip-related tools. Applied Materials and Synopsys have been rising steadily and look like key engines for the fund, while Emerson and Rockwell provide a more traditional industrial backbone with solid, if calmer, momentum. On the flip side, 3D Systems and Ouster have been more of a roller coaster, with recent weakness and ongoing challenges that can tug on returns. Overall, it’s a focused bet on high-tech manufacturing’s next chapter.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
CGNX	Cognex	8.45%	$121.58K	$9.74B	77.08%	70 Outperform
SKM	Sk Telecom	6.46%	$92.86K	$12.63B	48.95%	60 Neutral
EMR	Emerson Electric Company	6.14%	$88.29K	$83.29B	20.10%	76 Outperform
ZBRA	Zebra Tech	5.69%	$81.77K	$13.02B	-16.88%	72 Outperform
ROK	Rockwell Automation	5.48%	$78.87K	$44.31B	33.96%	71 Outperform
AMAT	Applied Materials	5.16%	$74.18K	$281.70B	109.76%	77 Outperform
ON	ON Semiconductor	4.92%	$70.77K	$28.45B	39.32%	73 Outperform
DDD	3D Systems	4.90%	$70.48K	$267.78M	-55.74%	44 Neutral
FLS	Flowserve	4.30%	$61.89K	$11.40B	43.99%	79 Outperform
DOV	Dover	4.24%	$60.92K	$31.77B	14.48%	79 Outperform

MAKX Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

53.49

Positive

100DMA

52.76

Positive

200DMA

49.20

Positive

Market Momentum

MACD

0.82

Negative

RSI

64.24

Neutral

STOCH

74.73

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MAKX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 55.51, equal to the 50-day MA of 53.49, and equal to the 200-day MA of 49.20, indicating a bullish trend. The MACD of 0.82 indicates Negative momentum. The RSI at 64.24 is Neutral, neither overbought nor oversold. The STOCH value of 74.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MAKX.

MAKX Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
MAKX	―	―	$1.41M	0.58%	―
MADE	―	―	$41.83M	0.40%	―
FTXR	―	―	$40.17M	0.60%	―
GCAD	―	―	$26.86M	0.00%	―
TSSD	―	―	$12.15M	0.65%	―
HVAC	―	―	$6.17M	1.00%	―

Performance Comparison

MAKX

ProShares S&P Kensho Smart Factories ETF

57.49

14.61

34.07%

MADE

iShares U.S. Manufacturing ETF

―

FTXR

First Trust Nasdaq Transportation ETF

―

GCAD

Gabelli Commercial Aerospace & Defense ETF

―

TSSD

Truth Social American Security & Defense ETF

―

HVAC

AdvisorShares HVAC and Industrials ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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