MAKX - ETF AI Analysis
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ProShares S&P Kensho Smart Factories ETF (MAKX)
Rating:62Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains over the year so far, with especially robust returns in the most recent month.
Leading Technology and Industrial Holdings
Many of the largest positions, particularly in technology and industrial automation, have delivered strong performance, helping drive the fund’s results.
Focused Yet Multi-Sector Exposure
While the fund is tilted toward technology and industrials, it also includes communication services and materials, providing some diversification across different parts of the economy.
Negative Factors
High Expense Ratio
The fund’s fee is relatively high for an ETF, which can eat into long-term returns compared with lower-cost alternatives.
Concentrated Top Holdings
A small group of stocks makes up a significant portion of the portfolio, increasing the impact that any one company’s performance can have on the fund.
Heavy U.S. and Tech Exposure
With most assets in U.S. companies and a strong tilt toward the technology sector, the ETF is sensitive to downturns in the U.S. market and in tech-related industries.
MAKX vs. SPDR S&P 500 ETF (SPY)
AUM5.18M
RegionNorth America
Expense Ratio0.58%
Beta1.35
IssuerProShares
Inception DateSep 29, 2021
Dividend Yield0.11%
Asset ClassEquity
Index TrackedS&P Kensho Smart Factories Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume2,067
30 Day Avg. Volume1,884
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
78.94Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering24
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MAKX Summary
The ProShares S&P Kensho Smart Factories ETF (MAKX) tracks the S&P Kensho Smart Factories Index, focusing on companies using advanced tech like robotics and AI to modernize manufacturing. It mainly holds U.S. technology and industrial stocks involved in automation and smart production. Well-known names include Emerson Electric and Applied Materials. An investor might choose this ETF to seek long-term growth from the shift toward more automated, data-driven factories while getting diversification across many companies in this theme. A key risk is that it’s heavily tied to tech and industrial stocks, so its price can swing a lot with changes in 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 the smart factory theme, with a tech‑first lineup that’s been more help than hindrance lately. ON Semiconductor, Tower, and Applied Materials are doing much of the heavy lifting, riding strong demand for chips and factory automation gear. Cognex and Rockwell Automation are also steadily pulling their weight, keeping the industrial side of the portfolio humming. On the flip side, names like 3D Systems and Ouster remain more volatile, occasionally tripping up performance. Overall, this is a U.S.-centric, automation-driven bet with a clear tilt toward semiconductors and industrial tech.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Ouster | 7.74% | $396.18K | $2.45B | 88.56% | 45 Neutral | |
| Sk Telecom | 6.60% | $337.84K | $14.99B | 90.52% | 60 Neutral | |
| 3D Systems | 6.36% | $325.55K | $481.85M | 57.06% | 44 Neutral | |
| Rockwell Automation | 5.92% | $302.99K | $51.24B | 41.66% | 71 Outperform | |
| Cognex | 5.82% | $297.77K | $10.20B | 90.30% | 70 Outperform | |
| Ambiq Micro, Inc. | 5.78% | $295.95K | $1.63B | ― | 51 Neutral | |
| Emerson Electric Company | 5.68% | $290.96K | $79.77B | 8.40% | 76 Outperform | |
| Autodesk | 5.44% | $278.76K | $47.28B | -25.44% | 74 Outperform | |
| Ceva | 3.91% | $199.93K | $1.20B | 91.58% | 52 Neutral | |
| Applied Materials | 3.66% | $187.20K | $396.35B | 187.64% | 77 Outperform |
MAKX Technical Analysis
Positive
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Price Trends
63.63
Positive
59.20
Positive
55.52
Positive
Market Momentum
1.52
Positive
46.25
Neutral
13.04
Positive
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 69.36, equal to the 50-day MA of 63.63, and equal to the 200-day MA of 55.52, indicating a neutral trend. The MACD of 1.52 indicates Positive momentum. The RSI at 46.25 is Neutral, neither overbought nor oversold. The STOCH value of 13.04 is Positive, 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
66.25
23.43
54.72%
MADE
iShares U.S. Manufacturing ETF
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GCAD
Gabelli Commercial Aerospace & Defense ETF
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HVAC
AdvisorShares HVAC and Industrials ETF
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TSSD
Truth Social American Security & Defense ETF
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DUTY
U.S. Defense 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.
DisclaimerThis 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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