MAKX vs. ARMH
MAKX (ProShares S&P Kensho Smart Factories ETF) and ARMH (Arm Holdings PLC ADRhedged ETF) are both Technology Equities funds. MAKX is passively managed, while ARMH is actively managed. Their 0.74 correlation means they have sometimes moved together and sometimes differently. MAKX charges 0.58%/yr vs 0.19%/yr for ARMH.
Performance
MAKX vs. ARMH - Performance Comparison
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Returns By Period
MAKX
- 1D
- 2.03%
- 1M
- -4.52%
- 6M
- 21.32%
- YTD
- 30.73%
- 1Y
- 39.25%
- 3Y*
- 20.16%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.87%
ARMH
- 1D
- -0.59%
- 1M
- -23.97%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $194.56K | $502.72K | $705.34K | |
| $87.07K | $94.68K | $155.23K |
MAKX vs. ARMH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MAKX ProShares S&P Kensho Smart Factories ETF | -8.93% |
ARMH Arm Holdings PLC ADRhedged ETF | -22.59% |
Correlation
The correlation between MAKX and ARMH is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.74 |
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Return for Risk
MAKX vs. ARMH — Risk / Return Rank
MAKX
ARMH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MAKX vs. ARMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Kensho Smart Factories ETF (MAKX) and Arm Holdings PLC ADRhedged ETF (ARMH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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 | ARMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | — | — |
| Martin ratioReturn relative to average drawdown | 5.49 | — | — |
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Drawdowns
MAKX vs. ARMH - Drawdown Comparison
The maximum MAKX drawdown since its inception was -40.27%, smaller than the maximum ARMH drawdown of -48.81%. Use the drawdown chart below to compare losses from any high point for MAKX and ARMH.
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Drawdown Indicators
| MAKX | ARMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -48.81% | +8.54% |
Max Drawdown (1Y)Largest decline over 1 year | -19.36% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -29.76% | — | — |
Current DrawdownCurrent decline from peak | -12.67% | -45.80% | +33.13% |
Average DrawdownAverage peak-to-trough decline | -16.34% | -23.00% | +6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | — | — |
Volatility
MAKX vs. ARMH - Volatility Comparison
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Volatility by Period
| MAKX | ARMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 26.57% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 33.62% | 99.09% | -65.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.06% | 99.09% | -70.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.06% | 99.09% | -70.03% |
MAKX vs. ARMH - Expense Ratio Comparison
MAKX has a 0.58% expense ratio, which is higher than ARMH's 0.19% expense ratio.
Dividends
MAKX vs. ARMH - Dividend Comparison
MAKX's dividend yield for the trailing twelve months is around 0.14%, while ARMH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ARMH Arm Holdings PLC ADRhedged ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MAKX ProShares S&P Kensho Smart Factories ETF | 0.14% | 0.15% | 0.24% | 0.52% | 0.31% |
Frequently Asked Questions
MAKX and ARMH have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ARMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ARMH is cheaper with a 0.19% expense ratio, compared with 0.58% for MAKX.
MAKX has the higher dividend yield at 0.14%, compared with 0.00% for ARMH.
They also come from different issuers: ProShares and Precidian. Their fees differ too: 0.58% for MAKX and 0.19% for ARMH.
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