ProShares - S&P Kensho Smart Factories ETF (MAKX) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
ProShares - S&P Kensho Smart Factories ETF (MAKX) trades at $66.45 with AI Score 47/100 (Grade C). ProShares - S&P Kensho Smart Factories ETF (MAKX) is a non-diversified fund that aims to track the… Market cap: $1.43M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for MAKX: MAKX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates MAKX against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
MAKX: the 3 scored disciplines are evenly split. Dominant signal: Izzy Englander bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
ProShares - S&P Kensho Smart Factories ETF (MAKX) Financial Services Profile
ProShares - S&P Kensho Smart Factories ETF (MAKX) offers investors exposure to companies driving the digitalization of manufacturing through technology. As a non-diversified fund, MAKX concentrates its investments in companies selected by the S&P Kensho Smart Factories Index, providing a targeted approach to the asset management sector.
What Is the Investment Thesis for MAKX?
MAKX presents a targeted investment opportunity in the digitalization of manufacturing, a sector poised for growth. The fund's strategy of tracking the S&P Kensho Smart Factories Index offers exposure to companies at the forefront of this technological shift. Key value drivers include the increasing adoption of automation and robotics in manufacturing, driving demand for the technologies held within the fund. Catalysts for growth include ongoing advancements in AI and machine learning, which are further accelerating the digitalization of factories. Potential risks include the fund's non-diversified nature, which could lead to increased volatility. The fund's beta of 1.87 suggests higher volatility compared to the broader market. Investors should also consider the potential impact of economic cycles on manufacturing activity, as downturns could negatively affect the performance of companies within the index.
Based on FMP financials and quantitative analysis
MAKX Key Highlights
MAKX is a non-diversified fund, providing concentrated exposure to the smart factories theme.
- The fund tracks the S&P Kensho Smart Factories Index, focusing on companies involved in the digitalization of manufacturing.
- MAKX's investment strategy is passive, aiming to replicate the index's performance.
- The fund's beta of 1.87 indicates higher volatility compared to the overall market.
- MAKX offers investors a targeted approach to capitalize on the growth and innovation within the manufacturing sector.
Who Are MAKX's Competitors?
MAKX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CTEX ProShares - S&P Kensho Cleantech ETF | $34.26 | +0.00% | $5.14M | 47 |
| ALISR Calisa Acquisition Corp Right | $0.64 | +0.00% | 79 | |
| IDKFF ThreeD Capital Inc. | $0.07 | +13.85% | $6.98M | 70 |
| ALTEX Firsthand Alternative Energy Fund | $12.93 | -1.90% | $8.98M | 82 |
| BCG Binah Capital Group, Inc. | $1.40 | +0.72% | $23.5M | 78 |
| EEA The European Equity Fund, Inc. | $11.15 | -0.59% | $74.7M | 67 |
| HNNA Hennessy Advisors, Inc. | $9.89 | -1.30% | $78.2M | 81 |
| ETHT ProShares - Ultra Ether ETF | $12.57 | +19.94% | $92.2M | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are MAKX's Key Strengths?
Targeted exposure to the high-growth smart factories theme.
- Passive investment strategy provides cost-effective index tracking.
- Established brand recognition of ProShares.
- Potential for high returns due to the focused investment approach.
What Are MAKX's Weaknesses?
Non-diversified nature increases volatility and risk.
- Performance is highly dependent on the performance of the S&P Kensho Smart Factories Index.
- Subject to sector-specific risks and economic cycles.
- May not be suitable for investors seeking broad market exposure.
What Could Drive MAKX Stock Higher?
Increasing adoption of automation and robotics in manufacturing.
- Growth in Industrial IoT and AI-powered manufacturing solutions.
- Government incentives and support for digitalization of manufacturing.
What Are the Key Risks for MAKX?
Economic downturns could negatively impact manufacturing activity.
- Technological disruptions could render existing solutions obsolete.
- Non-diversified nature increases volatility and risk.
What Are the Growth Opportunities for MAKX?
- Increased Adoption of Automation: The global market for industrial automation is projected to reach $395 billion by 2028, driven by the need for increased efficiency and reduced labor costs. MAKX is positioned to benefit from this trend as companies invest in automation technologies to digitalize their manufacturing processes. This growth is expected to continue as AI and machine learning become more integrated into manufacturing operations.
- Expansion of Robotics in Manufacturing: The robotics market is expected to grow significantly, with projections estimating a market size of $81.4 billion by 2030. MAKX's focus on companies involved in the digitalization of manufacturing aligns with this growth, as robotics play a crucial role in automating and optimizing production processes. The increasing adoption of collaborative robots (cobots) is expected to further drive this trend.
- Growth in Industrial IoT: The Industrial Internet of Things (IIoT) market is expected to experience substantial growth, reaching $263.4 billion by 2027. MAKX is positioned to capitalize on this trend as companies within the index provide solutions for connecting and managing industrial equipment and processes. The adoption of IIoT technologies enables manufacturers to improve efficiency, reduce downtime, and optimize operations.
- Advancements in AI and Machine Learning: AI and machine learning are transforming the manufacturing sector, enabling predictive maintenance, quality control, and process optimization. MAKX is positioned to benefit from this trend as companies within the index develop and implement AI-powered solutions for manufacturing applications. The increasing availability of data and computing power is expected to further accelerate the adoption of AI in manufacturing.
- Government Incentives and Support: Governments worldwide are implementing policies and incentives to promote the digitalization of manufacturing and support the adoption of smart factory technologies. These initiatives are expected to drive growth in the sector and create opportunities for companies within the MAKX portfolio. Government support includes funding for research and development, tax incentives for investments in automation, and programs to promote workforce training in digital manufacturing skills.
What Threats Does MAKX Face?
- Economic downturns could negatively impact manufacturing activity.
- Technological disruptions could render existing solutions obsolete.
- Increased competition from other thematic ETFs and investment products.
- Regulatory changes could impact the manufacturing sector.
What Are MAKX's Competitive Advantages?
- Index Tracking: MAKX's moat lies in its ability to accurately track the S&P Kensho Smart Factories Index, providing investors with reliable exposure to the smart factories theme.
- Specialized Focus: The fund's focus on the digitalization of manufacturing provides a niche offering that differentiates it from broader market ETFs.
- Brand Recognition: ProShares is a well-known provider of specialized ETFs, which enhances the fund's credibility and attractiveness to investors.
What Does MAKX Do?
ProShares - S&P Kensho Smart Factories ETF (MAKX) is designed to provide investment results that correspond to the performance of the S&P Kensho Smart Factories Index. This index is composed of companies that are focused on building the technology that empowers the digitalization of manufacturing activities. The fund was created by ProShare Advisors, a firm known for its range of specialized ETFs. MAKX invests in all component securities of the index, maintaining similar proportions to the index itself. The fund's strategy revolves around tracking an index that identifies and includes companies at the forefront of the smart factories revolution. These companies are involved in various aspects of digitalizing manufacturing, including automation, robotics, and advanced software solutions. By focusing on these specific areas, MAKX offers investors a targeted approach to capitalize on the growth and innovation within the manufacturing sector. The fund is non-diversified, meaning it invests in a relatively small number of companies compared to broad market ETFs. This concentration can lead to higher potential returns but also carries greater risk. MAKX's investment approach is passive, aiming to replicate the index's performance rather than actively selecting individual stocks. The fund's holdings reflect the composition of the S&P Kensho Smart Factories Index, which is rebalanced periodically to ensure it accurately represents the smart factories landscape. This rebalancing process helps maintain the fund's focus on companies that are actively involved in the digitalization of manufacturing. MAKX provides a way for investors to gain exposure to a niche segment of the market that is expected to grow as manufacturing continues to evolve with technological advancements.
What Products and Services Does MAKX Offer?
- Invests in companies focused on the digitalization of manufacturing activities.
- Tracks the performance of the S&P Kensho Smart Factories Index.
- Provides exposure to companies involved in automation, robotics, and advanced software solutions.
- Offers a targeted approach to capitalize on growth within the manufacturing sector.
- Replicates the index's performance rather than actively selecting individual stocks.
- Maintains similar proportions to the index itself.
How Does MAKX Make Money?
- MAKX generates revenue through management fees charged to investors.
- The fund's expense ratio covers the costs of managing the fund, including administrative and operational expenses.
- ProShare Advisors manages the fund and is responsible for tracking the index and making investment decisions.
What Industry Does MAKX Operate In?
The asset management industry is characterized by a diverse range of investment products, including ETFs, mutual funds, and hedge funds. MAKX operates within the ETF segment, specifically targeting the smart factories theme. The competitive landscape includes other thematic ETFs and broader industrial sector funds. The digitalization of manufacturing is a growing trend, driven by the need for increased efficiency and reduced costs. The market for smart factory solutions is expected to continue expanding, creating opportunities for companies within the MAKX portfolio.
Who Are MAKX's Key Customers?
- Institutional investors seeking exposure to the smart factories theme.
- Retail investors interested in capitalizing on the digitalization of manufacturing.
- Financial advisors looking for targeted investment solutions for their clients.
MAKX Valuation & Market Position
With a $1.43M market cap, ProShares - S&P Kensho Smart Factories ETF sits in the micro-cap segment of the market. Relative to its peer group, MAKX's quantitative score of 47/100 is below the peer average of 71/100.
Key Financial Metrics
Return on equity for ProShares - S&P Kensho Smart Factories ETF stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. MAKX trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
MAKX Financials
Bull Case vs Bear Case
Bull Case
- Targeted exposure to the high-growth smart factories theme.
- Passive investment strategy provides cost-effective index tracking.
- Established brand recognition of ProShares.
- Potential for high returns due to the focused investment approach.
Bear Case
- Non-diversified nature increases volatility and risk.
- Performance is highly dependent on the performance of the S&P Kensho Smart Factories Index.
- Subject to sector-specific risks and economic cycles.
- May not be suitable for investors seeking broad market exposure.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
MAKX Latest News
No recent news available for MAKX.
MAKX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for MAKX.
Price Targets
Wall Street price target analysis for MAKX.
MAKX MoonshotScore
What does this score mean?
The MoonshotScore rates MAKX 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
ProShares - S&P Kensho Smart Factories ETF Financial Services Stock: Key Questions Answered
What does the AI Score mean for MAKX?
MAKX holds an AI Score of 47/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. ProShares - S&P Kensho Smart Factories ETF (MAKX) is a non-diversified fund that aims to track the performance of the S&P Kensho Smart Factories Index. The index focuses on companies involved …
What does ProShares - S&P Kensho Smart Factories ETF do?
ProShares - S&P Kensho Smart Factories ETF (MAKX) is a specialized exchange-traded fund designed to track the performance of the S&P Kensho Smart Factories Index. This index comprises companies that are actively involved in the digitalization of manufacturing processes.
What are the main risks for MAKX?
The main risks for MAKX include its non-diversified nature, which can lead to increased volatility compared to broader market ETFs. The fund's performance is also highly dependent on the performance of the S&P Kensho Smart Factories Index, which is subject to sector-specific risks and economic cycles.
How does ProShares - S&P Kensho Smart Factories ETF generate revenue in the financial services sector?
ProShares - S&P Kensho Smart Factories ETF generates revenue primarily through management fees charged to investors. These fees are calculated as a percentage of the fund's assets under management (AUM). The expense ratio, which includes management fees and other operational expenses, represents the annual cost to investors for owning shares of the fund.
What are the potential tax implications of investing in ProShares - S&P Kensho Smart Factories ETF?
Investing in ProShares - S&P Kensho Smart Factories ETF, like any investment fund, carries potential tax implications for investors. These implications can include capital gains taxes on profits from selling shares of the fund, as well as taxes on any dividends or distributions received from the fund.
What are the key factors to evaluate for MAKX?
ProShares - S&P Kensho Smart Factories ETF (MAKX) holds an AI score of 47/100 (low). MAKX presents a targeted investment opportunity in the digitalization of manufacturing, a sector poised for growth. Not financial advice.
How frequently does MAKX data refresh on this page?
MAKX's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven MAKX's recent stock price performance?
ProShares - S&P Kensho Smart Factories ETF (MAKX) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Targeted exposure to the high-growth smart factories theme. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider MAKX overvalued or undervalued right now?
ProShares - S&P Kensho Smart Factories ETF (MAKX) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis is pending for MAKX, so some information may be incomplete.
- The fund's performance is subject to market risk and volatility.