MAKX vs. GXPT

Last updated Jun 24, 2026

MAKX (ProShares S&P Kensho Smart Factories ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - MAKX tracks the S&P Kensho Smart Factories Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. A 0.65 correlation means they provide meaningful diversification when combined. MAKX charges 0.58%/yr vs 0.15%/yr for GXPT.

Performance

MAKX vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P Kensho Smart Factories ETF (MAKX) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAKX achieves a 39.76% return, which is significantly higher than GXPT's 16.86% return.

MAKX

• 1D: -4.47%
• 1M: 1.15%
• YTD: 39.76%
• 6M: 37.20%
• 1Y: 60.76%
• 3Y*: 26.34%
• 5Y*: —
• 10Y*: —

GXPT

• 1D: -3.44%
• 1M: -0.96%
• YTD: 16.86%
• 6M: 15.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MAKX vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
MAKX ProShares S&P Kensho Smart Factories ETF	39.76%	1.22%
GXPT Global X PureCap MSCI Information Technology ETF	16.86%	11.47%

Correlation

The correlation between MAKX and GXPT is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.65

Return for Risk

MAKX vs. GXPT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MAKX

MAKX Risk / Return Rank: 66
MAKX Sharpe Ratio Rank: 67
MAKX Sortino Ratio Rank: 59
MAKX Omega Ratio Rank: 57
MAKX Calmar Ratio Rank: 80
MAKX Martin Ratio Rank: 66

GXPT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MAKX vs. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Kensho Smart Factories ETF (MAKX) and Global X PureCap MSCI Information Technology ETF (GXPT). 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	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	2.00	—	—
Sortino ratio: Return per unit of downside risk	2.59	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.80	—	—
Martin ratio: Return relative to average drawdown	11.13	—	—

Drawdowns

MAKX vs. GXPT - Drawdown Comparison

The maximum MAKX drawdown since its inception was -40.27%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for MAKX and GXPT.

Drawdown Indicators

	MAKX	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-40.27%	-18.74%	-21.53%
Max Drawdown (1Y) Largest decline over 1 year	-16.05%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.76%	—	—
Current Drawdown Current decline from peak	-6.63%	-8.72%	+2.09%
Average Drawdown Average peak-to-trough decline	-16.47%	-5.04%	-11.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.47%	—	—

Volatility

Volatility by Period

	MAKX	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.62%	22.91%	+7.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.52%	22.91%	+5.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.52%	22.91%	+5.61%

MAKX vs. GXPT - Expense Ratio Comparison

MAKX has a 0.58% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

MAKX vs. GXPT - Dividend Comparison

MAKX's dividend yield for the trailing twelve months is around 0.11%, less than GXPT's 0.12% yield.

Position	TTM	2025	2024	2023	2022
GXPT Global X PureCap MSCI Information Technology ETF	0.12%	0.14%	0.00%	0.00%	0.00%
MAKX ProShares S&P Kensho Smart Factories ETF	0.11%	0.15%	0.24%	0.52%	0.31%

Frequently Asked Questions

Can I hold both MAKX and GXPT in my portfolio?

MAKX and GXPT have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MAKX or GXPT?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MAKX or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.58% for MAKX.

Which ETF pays a higher dividend yield, MAKX or GXPT?

MAKX and GXPT have nearly identical dividend yields, around 0.11%.

What is the main difference between MAKX and GXPT?

MAKX tracks S&P Kensho Smart Factories Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: ProShares and Global X. Their fees differ too: 0.58% for MAKX and 0.15% for GXPT.