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ETFs

ProShares S&P Kensho Smart Factories ETF

MAKX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 29 2021
Expense Ratio
0.58%
Type
Global Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$1,264
AUM
$852,832
Associated Index
S&P Kensho Smart Factories Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with MAKX

What is MAKX?

ProShares S&P Kensho Smart Factories ETF seeks investment results, before fees and expenses, that track the performance of the S&P Kensho Smart Factories Index. ProShares S&P Kensho Smart Factories ETF is the first ETF focused on investing in companies that help businesses automate manufacturing activities by integrating physical assets with digital capabilities. The Index Provider categorizes selected companies as Core if factory digitalization products or services are determined to be principal business strategy components. All other selected companies are categorized as Non-Core . Securities are equal weighted within each category: Core securities are overweighted relative to Non-Core securities in the Index. The index includes U.S., non-U.S. developed and emerging market companies and is reconstituted annually and rebalanced semi-annually.

ETFs related toMAKX

ETFs correlated to MAKX include HIBL, SPHB, FXL

MAKX
ProShares Trust - ProShares S&P Kensho Smart Factories ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
ROBO
Exchange Traded Concepts Trust - ETCT ROBO Global Robotics and Automation Index ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
QGRO
American Century ETF Trust - American Century STOXX U.S.Quality Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
SNSR
Global X Funds - Global X Funds Global X Internet of Things ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MAKX is a Global Equities ETF. ProShares S&P Kensho Smart Factories ETF seeks investment results, before fees and expenses, that track the performance of the S&P Kensho Smart Factories Index. ProShares S&P Kensho Smart Factories ETF is the first ETF focused on investing in companies that help businesses automate manufacturing activities by integrating physical assets with digital capabilities. The Index Provider categorizes selected companies as Core if factory digitalization products or services are determined to be principal business strategy components. All other selected companies are categorized as Non-Core . Securities are equal weighted within each category: Core securities are overweighted relative to Non-Core securities in the Index. The index includes U.S., non-U.S. developed and emerging market companies and is reconstituted annually and rebalanced semi-annually.

MAKX tracks the S&P Kensho Smart Factories Index.

No, MAKX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MAKX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MAKX is -0.0264%. This is the percent change in the value of MAKX over the most recent 1-month period. The 3-month return on MAKX is 0.0929%. This is the percent change in the value of MAKX over the most recent 3-month period.

The standard deviation of MAKX for the past year is 0.3163%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MAKX include IXN, IXC, and GDXJ.

ETFs correlated to MAKX include HIBL, SPHB, and FXL.

ETFs that are inversely correlated to MAKX include HIBS, TZA, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.