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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 Year-to-Date Performance
The ETF has delivered solid year-to-date gains, indicating strong overall momentum.
Technology Sector Focus
With significant exposure to the technology sector, the fund benefits from the growth potential of innovative industries.
Exposure to High-Growth Companies
Top holdings like Ouster and Sanmina-Sci have shown strong year-to-date performance, contributing positively to the fund.
Negative Factors
High Concentration in Technology
Over 73% of the fund is allocated to technology, making it vulnerable to downturns in this sector.
Limited Geographic Diversification
The ETF is heavily focused on U.S. companies, with minimal exposure to international markets.
Relatively High Expense Ratio
The fund’s expense ratio is higher than many broad-market ETFs, which could eat into long-term returns.
MAKX vs. SPDR S&P 500 ETF (SPY)
AUM1.34M
RegionNorth America
Expense Ratio0.58%
Beta1.35
IssuerProShares
Inception DateSep 29, 2021
Dividend Yield0.14%
Asset ClassEquity
Index TrackedS&P Kensho Smart Factories Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume141
30 Day Avg. Volume296
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
62.90Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering22
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MAKX Summary
The ProShares S&P Kensho Smart Factories ETF (MAKX) is an investment fund that focuses on companies leading the way in smart manufacturing. These businesses use advanced technologies like robotics, artificial intelligence, and IoT to improve production processes. The ETF follows the S&P Kensho Smart Factories Index and includes well-known companies like Rockwell Automation and Autodesk. Investors might consider MAKX for its potential growth in the industrial technology sector and to diversify their portfolios with innovative manufacturing solutions. However, new investors should be aware that the ETF is heavily dependent on technology stocks, which can be volatile.
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
The MAKX ETF is heavily tilted toward technology and industrials, with names like Rockwell Automation and Emerson Electric driving steady performance thanks to their focus on automation and smart manufacturing. However, Zebra Technologies and Cognex are lagging, weighed down by bearish trends and operational challenges. Ouster stands out as a rising star, showing strong growth potential despite profitability concerns. With its U.S.-centric portfolio, the fund is a bet on the future of smart factories, though mixed results from Autodesk and 3D Systems highlight the risks of investing in this innovative but volatile sector.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Ouster | 6.67% | $90.16K | $1.66B | 144.52% | 45 Neutral | |
| Emerson Electric Company | 6.36% | $85.94K | $80.81B | 21.97% | 76 Outperform | |
| Rockwell Automation | 6.08% | $82.11K | $45.38B | 47.64% | 71 Outperform | |
| Cognex | 5.97% | $80.67K | $6.33B | 2.03% | 70 Outperform | |
| Zebra Tech | 5.93% | $80.18K | $12.90B | -33.95% | 72 Outperform | |
| 3D Systems | 5.84% | $78.96K | $329.57M | -21.47% | 44 Neutral | |
| Autodesk | 5.35% | $72.32K | $58.63B | -2.94% | 74 Outperform | |
| Synopsys | 4.70% | $63.55K | $98.43B | 4.46% | 73 Outperform | |
| Applied Materials | 4.66% | $62.95K | $223.32B | 64.08% | 77 Outperform | |
| ON Semiconductor | 4.51% | $60.92K | $24.50B | 12.88% | 73 Outperform |
MAKX Technical Analysis
Positive
―
Price Trends
51.37
Positive
51.60
Positive
46.56
Positive
Market Momentum
0.45
Negative
61.37
Neutral
89.71
Negative
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 51.52, equal to the 50-day MA of 51.37, and equal to the 200-day MA of 46.56, indicating a bullish trend. The MACD of 0.45 indicates Negative momentum. The RSI at 61.37 is Neutral, neither overbought nor oversold. The STOCH value of 89.71 is Negative, 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
53.57
13.14
32.50%
RIET
Hoya Capital High Dividend Yield ETF
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FTXR
First Trust Nasdaq Transportation ETF
―
―
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MADE
iShares U.S. Manufacturing ETF
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―
―
GCAD
Gabelli Commercial Aerospace & Defense ETF
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―
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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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