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ProShares S&P Kensho Smart Factories ETF (MAKX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US74347G4819
Issuer
ProShares
Inception Date
Sep 29, 2021
Region
North America (U.S.)
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

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ProShares S&P Kensho Smart Factories ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

ProShares S&P Kensho Smart Factories ETF (MAKX) has returned 3.72% so far this year and 44.89% over the past 12 months.


ProShares S&P Kensho Smart Factories ETF

1D
4.38%
1M
-7.27%
YTD
3.72%
6M
1.36%
1Y
44.89%
3Y*
13.22%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 30, 2021, MAKX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, your investment would double in approximately 7.1 years.

Historically, 52% of months were positive and 48% were negative. The best month was Jun 2025 with a return of +16.0%, 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 50% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20267.76%3.80%-7.27%3.72%
20253.05%-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%
202314.29%-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%
20217.40%-6.61%3.59%3.91%

Benchmark Metrics

ProShares S&P Kensho Smart Factories ETF has an annualized alpha of -4.27%, beta of 1.33, and R² of 0.69 versus S&P 500 Index. Calculated based on daily prices since October 01, 2021.

  • This ETF participated in 142.26% of S&P 500 Index downside but only 139.08% of its upside — more exposed to losses than it benefited from rallies.
  • This ETF had an annualized alpha of -4.27% versus S&P 500 Index — delivering less than market exposure alone would predict.

Alpha
-4.27%
Beta
1.33
0.69
Upside Capture
139.08%
Downside Capture
142.26%

Expense Ratio

MAKX has an expense ratio of 0.58%, placing it in the medium range.


Return for Risk

Risk / Return Rank

MAKX ranks 75 for risk / return — better than 75% 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.


MAKX Risk / Return Rank: 7575
Overall Rank
MAKX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
MAKX Sortino Ratio Rank: 7676
Sortino Ratio Rank
MAKX Omega Ratio Rank: 6767
Omega Ratio Rank
MAKX Calmar Ratio Rank: 8686
Calmar Ratio Rank
MAKX Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 a chosen benchmark (S&P 500 Index).


MAKXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.40

0.90

+0.50

Sortino ratio

Return per unit of downside risk

2.00

1.39

+0.61

Omega ratio

Gain probability vs. loss probability

1.25

1.21

+0.04

Calmar ratio

Return relative to maximum drawdown

2.71

1.40

+1.31

Martin ratio

Return relative to average drawdown

7.61

6.61

+1.00

Explore MAKX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

ProShares S&P Kensho Smart Factories ETF provided a 0.14% dividend yield over the last twelve months, with an annual payout of $0.07 per share.


0.20%0.30%0.40%0.50%$0.00$0.05$0.10$0.15$0.202022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022
Dividend$0.07$0.07$0.10$0.20$0.09

Dividend yield

0.14%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$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 9.78%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-40.27%Nov 9, 2021235Oct 14, 2022673Jun 24, 2025908
-16.05%Oct 28, 202518Nov 20, 202541Jan 22, 202659
-13.57%Feb 17, 202630Mar 30, 2026
-7.92%Oct 7, 20254Oct 10, 20253Oct 15, 20257
-7.02%Jan 23, 202610Feb 5, 20266Feb 13, 202616

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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