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MAKX - ETF AI Analysis
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ProShares S&P Kensho Smart Factories ETF (MAKX)
Rating:65Neutral
Price Target:―
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)
AUM1.43M
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. Volume514
30 Day Avg. Volume278
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
65.94Price 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 hard into the brains and plumbing of smart factories, with chip and automation names doing most of the heavy lifting. Applied Materials, Cognex, and ON Semiconductor have been rising, giving the fund a solid tech-powered engine, while Flowserve and Allient add steady industrial momentum. On the flip side, Rockwell Automation looks a bit tired and 3D Systems is clearly lagging, acting as a drag on the portfolio. Overall, this is a U.S.-centric, tech-heavy bet on factory automation rather than a broad global industrial basket.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Cognex | 8.10% | $115.87K | $9.40B | 70.93% | 70 Outperform | |
| Sk Telecom | 6.22% | $88.90K | $12.60B | 37.31% | 60 Neutral | |
| Emerson Electric Company | 6.19% | $88.58K | $84.99B | 21.97% | 76 Outperform | |
| Rockwell Automation | 5.56% | $79.48K | $44.55B | 35.08% | 71 Outperform | |
| Zebra Tech | 5.52% | $78.92K | $12.42B | -17.89% | 72 Outperform | |
| Applied Materials | 5.49% | $78.45K | $293.12B | 118.27% | 77 Outperform | |
| 3D Systems | 4.95% | $70.82K | $263.91M | -49.02% | 44 Neutral | |
| ON Semiconductor | 4.74% | $67.73K | $27.84B | 27.86% | 73 Outperform | |
| Allient | 4.34% | $62.08K | $1.14B | 157.13% | 72 Outperform | |
| Flowserve | 4.29% | $61.37K | $11.28B | 60.57% | 79 Outperform |
MAKX Technical Analysis
Positive
―
Price Trends
53.89
Positive
52.96
Positive
49.64
Positive
Market Momentum
0.90
Negative
61.40
Neutral
56.21
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 55.75, equal to the 50-day MA of 53.89, and equal to the 200-day MA of 49.64, indicating a bullish trend. The MACD of 0.90 indicates Negative momentum. The RSI at 61.40 is Neutral, neither overbought nor oversold. The STOCH value of 56.21 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
Performance Comparison
MAKX
ProShares S&P Kensho Smart Factories ETF
57.14
16.43
40.36%
MADE
iShares U.S. Manufacturing ETF
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FTXR
First Trust Nasdaq Transportation ETF
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GCAD
Gabelli Commercial Aerospace & Defense ETF
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TSSD
Truth Social American Security & Defense ETF
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HVAC
AdvisorShares HVAC and Industrials ETF
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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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