MAKX vs SCHD
Proshares S&P Kensho Smart Factories ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. MAKX delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | MAKX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.06% | |
| AUM | $5M | $103.7B | |
| Dividend Yield | 0.12% | 3.31% | |
| Holdings | 25 | 104 | |
| YTD Return | +39.45% | +25.58% | |
| 1Y Return | +42.18% | +31.06% | |
| 3Y Return (annualized) | +26.46% | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 29.4% | 13.6% | |
| Max Drawdown | -40.3% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 29, 2021 | Oct 20, 2011 |
MAKX vs SCHD Performance
Proshares S&P Kensho Smart Factories ETF (MAKX) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MAKX returned +42.18% while SCHD returned +31.06%. Year to date, MAKX is up 39.45% versus a gain of 25.58% for SCHD.
Over three years, MAKX compounded at +26.46% per year against +15.55% for SCHD. Across the full 5-year window we track, MAKX has the edge at +12.94% annualized vs +11.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MAKX has been the more volatile fund, with annualized monthly volatility of 29.4% compared with 13.6% for SCHD. 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 -33.4% for SCHD. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MAKX charges 0.58% per year while SCHD charges 0.06%. On a $10,000 position that is $58 vs $6 annually, a gap of $52 per year that compounds over a long holding period. On income, MAKX currently yields 0.12% against 3.31% for SCHD.
Holdings Overlap
MAKX and SCHD share 0 holdings out of 124 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MAKX or SCHD?
MAKX has an expense ratio of 0.58% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, MAKX or SCHD?
Over the past year MAKX returned +42.18% vs +31.06% for SCHD, so MAKX leads on 1-year performance. Over the longest common window we track (5 years), MAKX annualized +12.94% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, MAKX or SCHD?
MAKX has been the more volatile fund at 29.4% annualized versus 13.6% for SCHD. Worst drawdown: MAKX -40.3% vs SCHD -33.4%.
Should I hold both MAKX and SCHD?
MAKX and SCHD have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MAKX and SCHD?
MAKX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 124 unique securities.
Which pays a higher dividend, MAKX or SCHD?
MAKX yields 0.12% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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