Correlation
The correlation between MAKX and BOTZ is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
MAKX vs. BOTZ
Compare and contrast key facts about ProShares S&P Kensho Smart Factories ETF (MAKX) and Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ).
MAKX and BOTZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAKX is a passively managed fund by ProShares that tracks the performance of the S&P Kensho Smart Factories Index. It was launched on Sep 29, 2021. BOTZ is a passively managed fund by Global X that tracks the performance of the Indxx Global Robotics & Artificial Intelligence Thematic Index. It was launched on Sep 12, 2016. Both MAKX and BOTZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAKX or BOTZ.
Performance
MAKX vs. BOTZ - Performance Comparison
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Key characteristics
MAKX:
0.21
BOTZ:
0.02
MAKX:
0.42
BOTZ:
0.10
MAKX:
1.05
BOTZ:
1.01
MAKX:
0.14
BOTZ:
-0.05
MAKX:
0.39
BOTZ:
-0.22
MAKX:
11.13%
BOTZ:
8.79%
MAKX:
29.83%
BOTZ:
28.15%
MAKX:
-40.27%
BOTZ:
-55.54%
MAKX:
-11.51%
BOTZ:
-21.98%
Returns By Period
In the year-to-date period, MAKX achieves a -4.24% return, which is significantly lower than BOTZ's -3.29% return.
MAKX
-4.24%
13.16%
-6.55%
5.49%
7.28%
N/A
N/A
BOTZ
-3.29%
7.63%
-7.40%
0.53%
9.22%
6.13%
N/A
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MAKX vs. BOTZ - Expense Ratio Comparison
MAKX has a 0.58% expense ratio, which is lower than BOTZ's 0.68% expense ratio.
Risk-Adjusted Performance
MAKX vs. BOTZ — Risk-Adjusted Performance Rank
MAKX
BOTZ
MAKX vs. BOTZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Kensho Smart Factories ETF (MAKX) and Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ). 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.
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Dividends
MAKX vs. BOTZ - Dividend Comparison
MAKX's dividend yield for the trailing twelve months is around 0.20%, more than BOTZ's 0.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAKX ProShares S&P Kensho Smart Factories ETF | 0.20% | 0.24% | 0.52% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BOTZ Global X Robotics & Artificial Intelligence Thematic ETF | 0.14% | 0.13% | 0.20% | 0.23% | 0.16% | 0.19% | 0.83% | 1.44% | 0.01% | 0.06% |
Drawdowns
MAKX vs. BOTZ - Drawdown Comparison
The maximum MAKX drawdown since its inception was -40.27%, smaller than the maximum BOTZ drawdown of -55.54%. Use the drawdown chart below to compare losses from any high point for MAKX and BOTZ.
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Volatility
MAKX vs. BOTZ - Volatility Comparison
ProShares S&P Kensho Smart Factories ETF (MAKX) has a higher volatility of 8.00% compared to Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) at 6.56%. This indicates that MAKX's price experiences larger fluctuations and is considered to be riskier than BOTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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