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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)
$9,999
AUM
$818,057
Associated Index
S&P Kensho Smart Factories Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AI
C3.ai Inc - Ordinary Shares - Class A
6.15%
EMR
Emerson Electric Co.
5.96%
AZPN
Aspen Technology Inc
5.92%
ADSK
Autodesk Inc.
5.26%
ROK
Rockwell Automation Inc
5.26%
SKM
SK Telecom Co Ltd - ADR
5.08%
PKX
POSCO Holdings Inc - ADR
4.43%
CGNX
Cognex Corp.
4.26%
GLOB
Globant S.A.
4.20%
FARO
Faro Technologies Inc.
3.64%
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 WTAI, ROBT, FXL

MAKX
ProShares Trust - ProShares S&P Kensho Smart Factories ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
ROBT
First Trust Exchange-Traded Fund VI - First Trust Nasdaq Artificial Intelligence and Robotics ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
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
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
ROBO
Exchange Traded Concepts Trust - ROBO Global Robotics and Automation Index ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth 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.

Automated Strategies
Related toMAKX

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with MAKX using Composer

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 -0.048%. This is the percent change in the value of MAKX over the most recent 1-month period. The 3-month return on MAKX is -0.0646%. 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 0.2645%. 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 IXJ, SMH, and URA.

ETFs correlated to MAKX include WTAI, ROBT, and FXL.

ETFs that are inversely correlated to MAKX include HIBS, SH, and SPDN.

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.