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MAKX

GradeCNew York Stock Exchange Arca

ProShares - S&P Kensho Smart Factories ETF

Themes · ProShares · Inception 2021-09-29

$67.82−0.00 (−0.01%)

As of Sep 23, 2026, 3:09 PM EDT

History starts Sep 30, 2021.
Intraday session: down, 65 prints from 67.82 to 67.82. Range 67.01 to 67.89. Use the arrow keys to read each point.$67.00$67.20$67.40$67.6010 AM12 PM2 PM4 PM
Expense ratio
0.58%
Fund size
$5M
1Y return
+26.3%
Yield · Last 12 months
0.13%
Holdings
26
Volume · 30D
0M sh
NAV per share
$66.92
52W range
low $46.88high $75.53

The ETF.net MAKX Grade

C

40/ 100

Rank 14 of 21 in Global Thematic⁠

Confidence Medium

Six-pillar profile for MAKX. Scores out of 100: Cost 58, Risk 45, Mission not scored, Tradability 60, Holdings 40, Durability 49. Strongest: Tradability (60). Weakest: Holdings (40). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned53This cap took−13Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 58
    Category rank8/21 · top 38%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 45
    Category rank12/20 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 60
    Category rank9/21 · top 43%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 40
    Category rank14/18 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 49
    Category rank14/21 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on MAKX

ETF.net Research

CFactory-floor automation, picked by machine. MAKX tracks an S&P Kensho index that runs language software over regulatory filings to find the companies digitizing manufacturing, then leans hardest on the purest plays.

Stated mandate

MAKX invests globally in companies centered on the emerging smart-factories theme, including technologies and products that enable more digitalized manufacturing.

Why people hold it

  1. 01No hand-picking: Kensho's language software scans millions of pages of regulatory filings to identify companies in the theme, and overweights those where it is a core part of the business.spglobal.com
  2. 02Entirely systematic and rules-based, so membership follows what companies actually disclose rather than a manager's conviction call.spglobal.com
  3. 03Global reach in a US-listed wrapper: the index holds US and non-US automation names, all trading on US exchanges.proshares.com
  4. 04A tight slice of the robotics and automation build-out rather than a broad tech basket wearing a theme label.

Worth knowing

  1. 01A small, thinly traded fund. That usually means wider spreads, and small thematic ETFs carry more closure risk than the giants.
  2. 02The 0.58% expense ratio runs slightly above the typical fund in its global thematic peer group.
  3. 03One narrow theme, live since 2021, and on overall build it sits in the lower half of its global thematic cohort.

MAKX Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Stocks
Holdings
26
Top-10 weight
59%
Largest holding
DDD8.2%

Sectors

  • Technology67.1%
  • Industrials21.7%
  • Communication8.9%
  • Materials2.3%

Geography

  • United States85.85%
  • South Korea8.19%
  • Israel3.40%
  • Turkey2.57%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001DDD3D SYSTEMS CORP8.18%110,355$401K52
002OUSTOUSTER INC7.36%10,285$360K83
003EMREMERSON ELECTRIC CO6.25%2,043$306K311
004CGNXCOGNEX CORP6.10%4,856$299K189
005SKMSK TELECOM CO LTD-SPON ADR6.01%8,198$294K17
006ROKROCKWELL AUTOMATION INC5.58%658$273K350
007ADSKAUTODESK INC5.51%1,244$270K419
008AMBQAMBIQ MICRO INC5.20%3,892$255K53
009ZBRAZEBRA TECHNOLOGIES CORP-CL A4.95%699$242K217
010ALNTALLIENT INC4.25%2,071$208K83
011NVDANVIDIA CORP3.51%774$172K828
012AMATAPPLIED MATERIALS INC3.40%375$167K558
013TSEMTOWER SEMICONDUCTOR LTD3.39%742$166K37
014AITAPPLIED INDUSTRIAL TECH INC3.34%509$164K193
015FLSFLOWSERVE CORP3.30%2,188$162K171

Showing 1–15 of 25 holdings

MAKX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MAKX$12,633
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. MAKX $12,633. SPY $11,723. Use the arrow keys to read each point.$8,616$11,412$14,209Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MAKX. Periods over one year show the average yearly return.
PeriodMAKX
Year to date+35.6%
1 month+1.2%
3 months−7.3%
1 year+26.3%
3 years+27.8%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MAKX
YearReturn barMAKX
2026 YTD+35.6%
2025+21.6%
2024+8.3%
2023+26.1%
2022−26.4%
2021+3.9%

History from Sep 30, 2021

MAKX in the news

ETF.net Research hasn’t filed on MAKX yet — coverage lands here as it’s written.

MAKX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.13%Last 12 months
Payout per share
$0.09Last 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2022–2026

One bar per payment. 11 payments from 2022 to 2026 YTD. Jun 22, 2022 $0.04; Sep 21, 2022 $0.02; Dec 22, 2022 $0.04; Jun 21, 2023 $0.04; Sep 20, 2023 $0.06; Dec 20, 2023 $0.10; Mar 20, 2024 $0.02; Dec 23, 2024 $0.08; Sep 24, 2025 $0.03; Dec 24, 2025 $0.04; Jun 24, 2026 $0.02. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Jun 24, 2026Jun 30, 2026$0.02
Dec 24, 2025Dec 31, 2025$0.04
Sep 24, 2025Sep 30, 2025$0.03
Dec 23, 2024Dec 31, 2024$0.08
Mar 20, 2024Mar 27, 2024$0.02
Dec 20, 2023Dec 28, 2023$0.10
Sep 20, 2023Sep 27, 2023$0.06
Jun 21, 2023Jun 28, 2023$0.04
Dec 22, 2022Dec 30, 2022$0.04
Sep 21, 2022Sep 28, 2022$0.02
Jun 22, 2022Jun 29, 2022$0.04

MAKX Risk

How much the fund’s monthly returns vary, scaled to a year.
28.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.70
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−40.3%
59 months · trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.87
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MAKX Cost

Expense ratio0.58%
  • The middle half of Global Thematic funds
  • Median 0.58%

7 of the 21 Global Thematic funds charge less.

MAKX costs $58.00 a year on $10,000. The median Global Thematic fund costs $58.00.