MAKX - ETF AI Analysis
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ProShares S&P Kensho Smart Factories ETF (MAKX)
MAKX, the ProShares S&P Kensho Smart Factories ETF, earns a solid overall rating largely because several core holdings like Emerson Electric (EMR), Autodesk (ADSK), Rockwell Automation (ROK), Cognex (CGNX), Zebra Technologies (ZBRA), and Allient (ALNT) show strong financial performance, strategic focus on automation and AI, and generally positive earnings outlooks. However, weaker names such as Ouster (OUST), 3D Systems (DDD), and Ambiq (AMBQ), which face profitability, cash flow, and bearish technical challenges, weigh on the fund’s appeal. The main risk factor is the ETF’s concentration in industrial automation and smart-factory technology, which can make performance more sensitive to sector-specific and macroeconomic cycles.
MAKX vs. SPDR S&P 500 ETF (SPY)
- AUM
- 4.94M
- Region
- North America
- Expense Ratio
- 0.58%
- Beta
- 1.42
- Issuer
- ProShares
- Inception Date
- Sep 29, 2021
- Dividend Yield
- N/A
- Asset Class
- Equity
- Index Tracked
- S&P Kensho Smart Factories Index
MAKX Summary
ProShares S&P Kensho Smart Factories ETF (MAKX) is a fund that follows the S&P Kensho Smart Factories Index, focusing on companies using advanced technology to modernize factories and manufacturing. It holds firms involved in robotics, automation, and industrial software, including well-known names like Rockwell Automation and Emerson Electric, plus tech leaders such as Autodesk and Applied Materials. An investor might choose this ETF to seek growth from the long-term trend toward smarter, more automated factories while getting diversification across many companies. A key risk is that it’s heavily tied to technology 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 smart factory theme, with U.S.-focused industrial and tech names doing most of the heavy lifting. High-flyers like Allient and Ambiq Micro have been rising steadily, giving the fund a strong boost, while Emerson and Zebra add more stable, blue-chip-style momentum to the mix. On the flip side, Autodesk has been losing steam and Cognex’s recent performance looks mixed, creating some drag. Overall, the ETF is concentrated in automation, robotics, and industrial software, making it a targeted bet on next-generation manufacturing.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 OUST | Ouster | 7.69% | $383.32K | $2.42B | 1.54% | 45Neutral |
 DDD | 3D Systems | 7.17% | $357.55K | $496.78M | -6.27% | 44Neutral |
 EMR | Emerson Electric Company | 6.66% | $331.91K | $93.55B | 24.67% | 76Outperform |
 CGNX | Cognex | 6.02% | $300.20K | $9.83B | 23.56% | 70Outperform |
 ADSK | Autodesk | 5.83% | $290.52K | $50.66B | -22.08% | 74Outperform |
 ROK | Rockwell Automation | 5.73% | $285.55K | $49.28B | 22.61% | 71Outperform |
 SKM | Sk Telecom | 5.50% | $274.22K | $12.34B | 51.45% | 60Neutral |
 ZBRA | Zebra Tech | 5.44% | $271.30K | $18.20B | 40.24% | 72Outperform |
 ALNT | Allient | 4.42% | $220.31K | $1.64B | 77.21% | 72Outperform |
 AMBQ | Ambiq Micro, Inc. | 4.33% | $215.81K | $1.33B | 85.21% | 51Neutral |
MAKX Technical Analysis
Price Trends
Market Momentum
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 66.51 is below the 20-day moving average (MA) of 68.05, below the 50-day MA of 67.23, and above the 200-day MA of 62.82, indicating a neutral trend. The MACD of -0.13 indicates Positive momentum. The RSI at 45.51 is Neutral, neither overbought nor oversold. The STOCH value of 3.30 is Positive, 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 | $66.51 | $71.00(6.75% Upside) | $4.94M | 0.58% | 63Neutral |
 MADE | $34.31 | $43.21(25.96% Upside) | $54.93M | 0.40% | 71Outperform |
 GCAD | $48.46 | $60.90(25.66% Upside) | $43.16M | 0.10% | 63Neutral |
 HVAC | $32.08 | $43.49(35.56% Upside) | $11.75M | 1.00% | 63Neutral |
 TSSD | $31.51 | $36.00(14.26% Upside) | $7.34M | 0.65% | 69Neutral |
 TRUI | $24.09 | $29.22(21.30% Upside) | $238.60K | 0.10% | 71Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| MAKX | ProShares S&P Kensho Smart Factories ETF | 66.51 | 12.69 | 23.58% | |
| MADE | iShares U.S. Manufacturing ETF | 34.31 | 3.97 | 13.09% | |
| GCAD | Gabelli Commercial Aerospace & Defense ETF | 48.46 | 3.54 | 7.87% | |
| HVAC | AdvisorShares HVAC and Industrials ETF | 32.08 | -0.64 | -1.96% | |
| TSSD | Truth Social American Security & Defense ETF | 31.51 | 6.64 | 26.72% | |
| TRUI | VanEck Industrials TruSector ETF | 24.09 | -0.72 | -2.91% |
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.