- ISIN
- US74347G4819
- Issuer
- ProShares
- Inception Date
- Sep 29, 2021
- Region
- North America (U.S.)
- Category
- Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Kensho Smart Factories Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $5M
Share Price Chart
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Performance
MAKX Performance Chart
ProShares S&P Kensho Smart Factories ETF (MAKX) is up 46.3% since the beginning of the year. MAKX is currently trading at $73 per share.
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Returns By Period
ProShares S&P Kensho Smart Factories ETF (MAKX) has returned 46.30% so far this year and 72.14% over the past 12 months.
ProShares S&P Kensho Smart Factories ETF
- 1D
- 0.06%
- 1M
- 5.88%
- YTD
- 46.30%
- 6M
- 43.19%
- 1Y
- 72.14%
- 3Y*
- 28.28%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MAKX Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2021, MAKX's average daily return is +0.07%, while the average monthly return is +1.39%. At this rate, an investment would double in approximately 4.2 years.
Historically, 53% of months were positive and 47% were negative. The best month was Apr 2026 with a return of +20.8%, while the worst month was Jan 2022 at -12.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MAKX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +11.0%, while the worst single day was Apr 3, 2025 at -8.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.76% | 3.80% | -7.27% | 20.84% | 13.10% | 3.20% | 46.30% | ||||||
| 2025 | 3.05% | -6.78% | -9.36% | -3.17% | 13.59% | 15.97% | 5.42% | 5.00% | 1.24% | 6.38% | -7.24% | -0.96% | 21.63% |
| 2024 | -7.31% | 7.18% | 1.56% | -7.08% | 4.83% | -1.12% | 6.99% | -7.00% | 2.94% | -0.91% | 12.48% | -2.42% | 8.27% |
| 2023 | 14.29% | -1.72% | 5.59% | -11.07% | 7.94% | 6.19% | 4.75% | -7.58% | -6.37% | -10.22% | 14.01% | 12.35% | 26.03% |
| 2022 | -12.60% | -0.79% | 1.79% | -10.74% | -1.13% | -11.25% | 14.26% | -6.66% | -10.50% | 9.47% | 8.98% | -6.52% | -26.41% |
| 2021 | -0.77% | 7.40% | -6.61% | 3.59% | 3.10% |
Benchmark Metrics
ProShares S&P Kensho Smart Factories ETF has an annualized alpha of -0.56%, beta of 1.36, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since September 30, 2021.
- This ETF captured 152.42% of S&P 500 Index gains and 138.33% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- -0.56%
- Beta
- 1.36
- R²
- 0.68
- Upside Capture
- 152.42%
- Downside Capture
- 138.33%
Expense Ratio
MAKX has an expense ratio of 0.58%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MAKX ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares S&P Kensho Smart Factories ETF (MAKX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAKX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.52 | 2.78 | +1.73 |
| Martin ratioReturn relative to average drawdown | 13.26 | 12.44 | +0.82 |
Dividends
Dividend History
ProShares S&P Kensho Smart Factories ETF provided a 0.10% dividend yield over the last twelve months, with an annual payout of $0.07 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.07 | $0.07 | $0.10 | $0.20 | $0.09 |
Dividend yield | 0.10% | 0.15% | 0.24% | 0.52% | 0.31% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares S&P Kensho Smart Factories ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.07 |
| 2024 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.10 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.20 |
| 2022 | $0.04 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares S&P Kensho Smart Factories ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares S&P Kensho Smart Factories ETF was 40.27%, occurring on Oct 14, 2022. Recovery took 673 trading sessions.
The current ProShares S&P Kensho Smart Factories ETF drawdown is 2.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -40.27%Oct 2022 | 11mo 9d | 2y 8mo | 3y 7moNov 2021 - Jun 2025 |
2025 correction2025 | -16.05%Nov 2025 | 23d | 2mo 3d | 2mo 26dOct 2025 - Jan 2026 |
2026 correction2026 | -13.57%Mar 2026 | 1mo 11d | 14d | 1mo 25dFeb 2026 - Apr 2026 |
2026 correction2026 | -11.50%Jun 2026 | 7d | — | 20d 21hJun 2026 - now |
2025 pullback2025 | -7.92%Oct 2025 | 3d | 5d | 8dOct 2025 - Oct 2025 |
Drawdown Indicators
| MAKX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -56.78% | +16.51% |
Max Drawdown (1Y)Largest decline over 1 year | -16.05% | -9.10% | -6.95% |
Max Drawdown (3Y)Largest decline over 3 years | -29.76% | -18.90% | -10.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.27% | -1.80% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -16.48% | -10.71% | -5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.46% | 2.03% | +3.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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