MAKX vs. TRUT
MAKX (ProShares S&P Kensho Smart Factories ETF) and TRUT (Vaneck Technology Trusector ETF) are both Technology Equities funds. MAKX is passively managed, while TRUT is actively managed. A 0.61 correlation means they provide meaningful diversification when combined. MAKX charges 0.58%/yr vs 0.13%/yr for TRUT.
Performance
MAKX vs. TRUT - Performance Comparison
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Returns By Period
In the year-to-date period, MAKX achieves a 47.39% return, which is significantly higher than TRUT's 25.30% return.
MAKX
- 1D
- -1.54%
- 1M
- 17.86%
- YTD
- 47.39%
- 6M
- 42.02%
- 1Y
- 82.53%
- 3Y*
- 28.32%
- 5Y*
- —
- 10Y*
- —
TRUT
- 1D
- -1.46%
- 1M
- 16.68%
- YTD
- 25.30%
- 6M
- 24.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAKX vs. TRUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAKX ProShares S&P Kensho Smart Factories ETF | 47.39% | 1.71% |
TRUT Vaneck Technology Trusector ETF | 25.30% | 10.16% |
Correlation
The correlation between MAKX and TRUT is 0.61, 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 Aug 22, 2025 | 0.61 |
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Return for Risk
MAKX vs. TRUT — Risk / Return Rank
MAKX
TRUT
MAKX vs. TRUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Kensho Smart Factories ETF (MAKX) and Vaneck Technology Trusector ETF (TRUT). 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.
| MAKX | TRUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.17 | — | — |
| Martin ratioReturn relative to average drawdown | 15.75 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAKX | TRUT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 2.39 | -1.88 |
Drawdowns
MAKX vs. TRUT - Drawdown Comparison
The maximum MAKX drawdown since its inception was -40.27%, which is greater than TRUT's maximum drawdown of -18.55%. Use the drawdown chart below to compare losses from any high point for MAKX and TRUT.
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Drawdown Indicators
| MAKX | TRUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -18.55% | -21.72% |
Max Drawdown (1Y)Largest decline over 1 year | -16.05% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -29.76% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -1.46% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -16.60% | -5.17% | -11.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | — | — |
Volatility
MAKX vs. TRUT - Volatility Comparison
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Volatility by Period
| MAKX | TRUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.03% | 21.53% | +7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.18% | 21.53% | +6.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.18% | 21.53% | +6.65% |
MAKX vs. TRUT - Expense Ratio Comparison
MAKX has a 0.58% expense ratio, which is higher than TRUT's 0.13% expense ratio.
Dividends
MAKX vs. TRUT - Dividend Comparison
MAKX's dividend yield for the trailing twelve months is around 0.10%, less than TRUT's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MAKX ProShares S&P Kensho Smart Factories ETF | 0.10% | 0.15% | 0.24% | 0.52% | 0.31% |
TRUT Vaneck Technology Trusector ETF | 0.19% | 0.14% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MAKX and TRUT have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRUT is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRUT is cheaper with a 0.13% expense ratio, compared with 0.58% for MAKX.
TRUT has the higher dividend yield at 0.19%, compared with 0.10% for MAKX.
They also come from different issuers: ProShares and VanEck. Their fees differ too: 0.58% for MAKX and 0.13% for TRUT.
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