MAKX - ETF AI Analysis

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ProShares S&P Kensho Smart Factories ETF (MAKX)

Rating:60Neutral

Price Target:

$55.00

The ProShares S&P Kensho Smart Factories ETF (MAKX) has a moderate overall rating, reflecting a mix of strong performers and some weaker holdings. Key contributors to its score include Sanmina-Sci, which benefits from robust financial performance and strategic positioning, and Autodesk, which demonstrates strong growth potential through its focus on cloud and AI investments. However, the ETF's rating is tempered by weaker holdings like Ouster and 3D Systems, both of which face financial and operational challenges. Additionally, the ETF's concentration in the industrial and technology sectors may pose a risk during periods of market volatility in these areas.

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)

AUM1.18M

RegionNorth America

Expense Ratio0.58%

Beta1.39

IssuerProShares

Inception DateSep 29, 2021

Dividend Yield0.23%

Asset ClassEquity

Index TrackedS&P Kensho Smart Factories Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume597

30 Day Avg. Volume463

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

61.65

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering23

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 ProShares S&P Kensho Smart Factories ETF (MAKX) is heavily tilted toward technology and industrials, with names like Rockwell Automation and Emerson Electric leading the charge. Rockwell’s rising performance has been a bright spot, buoyed by strong growth and margin expansion, while Emerson’s mixed momentum tempers its impact. On the flip side, Zebra Technologies and 3D Systems are dragging the fund, with bearish trends and operational challenges weighing heavily. With a clear focus on U.S.-based innovation in smart manufacturing, the ETF’s fortunes hinge on the balance between automation leaders and lagging disruptors.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
EMR	Emerson Electric Company	6.32%	$76.42K	$72.03B	-3.41%	71 Outperform
CGNX	Cognex	6.31%	$76.29K	$6.18B	-11.17%	66 Neutral
ADSK	Autodesk	6.30%	$76.19K	$61.94B	-8.95%	73 Outperform
ROK	Rockwell Automation	6.27%	$75.75K	$42.52B	26.79%	71 Outperform
ZBRA	Zebra Tech	6.16%	$74.45K	$12.21B	-39.90%	68 Neutral
DDD	3D Systems	5.47%	$66.08K	$251.04M	-43.15%	40 Neutral
OUST	Ouster	5.33%	$64.47K	$1.20B	101.72%	45 Neutral
SKM	Sk Telecom	4.70%	$56.84K	$7.72B	-12.51%	60 Neutral
DOV	Dover	3.99%	$48.28K	$25.18B	-10.69%	76 Outperform
TKC	Turkcell Iletisim	3.94%	$47.62K	$4.87B	-15.73%	74 Outperform

MAKX Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

52.27

Negative

100DMA

50.76

Negative

200DMA

44.81

Positive

Market Momentum

MACD

-1.26

Positive

RSI

42.03

Neutral

STOCH

23.30

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MAKX, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 51.33, equal to the 50-day MA of 52.27, and equal to the 200-day MA of 44.81, indicating a neutral trend. The MACD of -1.26 indicates Positive momentum. The RSI at 42.03 is Neutral, neither overbought nor oversold. The STOCH value of 23.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MAKX.

MAKX Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
MAKX	―	―	$1.18M	0.58%	60 Neutral
PBJ	―	―	$96.16M	0.61%	67 Neutral
FTXR	―	―	$34.17M	0.60%	70 Outperform
MADE	―	―	$25.18M	0.40%	71 Outperform
GCAD	―	―	$13.63M	0.00%	60 Neutral
HVAC	―	―	$3.90M	1.00%	72 Outperform

Performance Comparison

MAKX

ProShares S&P Kensho Smart Factories ETF

49.15

6.33

14.78%

PBJ

Invesco Dynamic Food & Beverage ETF

―

FTXR

First Trust Nasdaq Transportation ETF

―

MADE

iShares U.S. Manufacturing ETF

―

GCAD

Gabelli Commercial Aerospace & 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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