MAKX vs QQQ
Proshares S&P Kensho Smart Factories ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. MAKX delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | MAKX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.18% | |
| AUM | $5M | $496.3B | |
| Dividend Yield | 0.14% | 0.44% | |
| Holdings | 25 | 108 | |
| YTD Return | +31.01% | +16.64% | |
| 1Y Return | +36.35% | +27.27% | |
| 3Y Return (annualized) | +24.78% | +25.96% | |
| 5Y Return (annualized) | +11.44% | +14.54% | |
| Volatility (annualized) | 29.2% | 30.6% | |
| Max Drawdown | -40.3% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 29, 2021 | Mar 10, 1999 |
MAKX vs QQQ Performance
Proshares S&P Kensho Smart Factories ETF (MAKX) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MAKX returned +36.35% while QQQ returned +27.27%. Year to date, MAKX is up 31.01% versus a gain of 16.64% for QQQ.
Over three years, MAKX compounded at +24.78% per year against +25.96% for QQQ; over five years the annualized figures are +11.44% and +14.54% respectively. Across the full 5-year window we track, QQQ has the edge at +13.03% annualized vs +11.44%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 29.2% for MAKX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -40.3% for MAKX and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MAKX charges 0.58% per year while QQQ charges 0.18%. On a $10,000 position that is $58 vs $18 annually, a gap of $40 per year that compounds over a long holding period. On income, MAKX currently yields 0.14% against 0.44% for QQQ.
Holdings Overlap
MAKX and QQQ share 4 holdings out of 122 unique holdings combined, representing a 5.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MAKX or QQQ?
MAKX has an expense ratio of 0.58% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, MAKX or QQQ?
Over the past year MAKX returned +36.35% vs +27.27% for QQQ, so MAKX leads on 1-year performance. Over the longest common window we track (5 years), MAKX annualized +11.44% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, MAKX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 29.2% for MAKX. Worst drawdown: MAKX -40.3% vs QQQ -83.0%.
Should I hold both MAKX and QQQ?
MAKX and QQQ have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MAKX and QQQ?
MAKX and QQQ share 4 common holdings with a 5.3% weight overlap. Combined, they hold 122 unique securities.
Which pays a higher dividend, MAKX or QQQ?
MAKX yields 0.14% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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