Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
ProShares S&P Kensho Smart Factories ETF(MAKX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MAKX
10/13/2026: MAKX (2-star) has a low Upturn Star Rating. Not recommended to BUY.
MAKX offers focused exposure to companies involved in the smart factory revolution, including robotics and industrial IoT, through a passive, index-based strategy. Its primary strengths lie in its specific thematic targeting and the institutional backing of ProShares. However, investors should be aware of its relatively lower liquidity, higher expense ratio, and sensitivity to industrial capital expenditure cycles. It is best suited for long-term growth investors looking to supplement a core portfolio with exposure to industrial automation. Monitoring macroeconomic indicators, particularly corporate capital spending, is essential for investors in this fund.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The fund targets companies positioned for long-term growth through industrial innovation and technological adoption. |
| Momentum investor | Mixed fit | Momentum suitability depends on the current uptrend in industrial technology stocks, requiring a positive signal. |
| Value investor | Weak fit | Many stocks in this theme trade at high valuations due to future growth expectations rather than current earnings multiples. |
| Dividend/Income investor | Weak fit | The portfolio prioritizes capital appreciation over dividend yield, making it less suitable for income-focused portfolios. |
| Low-risk investor | Weak fit | The fund's concentration in specialized technology and industrial sectors results in higher volatility than broad market indices. |
Investor Profile
Ideal Investor Profile
Investors seeking targeted, long-term exposure to the automation and robotics sector who are comfortable with thematic volatility.
Suitability
Best suited for long-term growth portfolios as a thematic satellite holding rather than a core foundation.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | Thematic ETFs often experience sharper price swings than the broader market due to their industry focus. |
| Market risk | Medium / high | The fund is subject to general economic downturns that impact industrial and technology spending. |
| Concentration | High | The focus on a single theme reduces diversification, increasing impact if that specific sector underperforms. |
| Tracking/expense | Medium | Higher expense ratios can slightly drag on performance over the long term compared to passive low-cost ETFs. |
| Liquidity | Medium | Lower volume can increase trading costs, particularly during periods of market stress. |
| Business/sector quality | Medium | Dependence on specific technological innovation cycles poses risks to the underlying company business models. |
Risk Analysis
Volatility
MAKX historically exhibits high volatility consistent with niche, small-to-mid-cap thematic equities.
Market Risk
The fund is exposed to systemic industrial sector risk and the specific business success of companies automating the supply chain.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Sector | Industrial Machinery & Automation | 45 | This core weight focuses on companies manufacturing the hardware and robotics systems essential for smart factory operations. |
| Industry | Software & Industrial IoT | 35 | These holdings represent firms providing the data analytics and software integration required for connected, automated factories. |
| Sector | Electrical Components & Equipment | 15 | These companies provide the power and connectivity infrastructure needed to support complex industrial automation environments. |
| Cash/collateral | Cash and Cash Equivalents | 5 | A small portion of the fund is held in cash to manage liquidity and daily transaction requirements. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type ETF | Historic Profit -4.39% | Avg. Invested days 38 | Today’s Advisory WEAK BUY |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/13/2026 |
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.