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AI Summary - About
ProShares S&P Kensho Smart Factories ETF (MAKX)
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Upturn Advisory Summary
02/07/2025: MAKX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -25.97% | Avg. Invested days 32 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 02/07/2025 |
Key Highlights
Volume (30-day avg) 269 | Beta 1.45 | 52 Weeks Range 34.18 - 43.85 | Updated Date 02/21/2025 |
52 Weeks Range 34.18 - 43.85 | Updated Date 02/21/2025 |
AI Summary
ETF ProShares S&P Kensho Smart Factories ETF (KARS)
Profile:
ProShares S&P Kensho Smart Factories ETF (KARS) is an actively managed exchange-traded fund that invests in companies involved in the development and implementation of smart manufacturing technologies. These technologies include robotics, artificial intelligence, Internet of Things (IoT), and automation. KARS seeks to track the S&P Kensho Smart Factories Index, which measures the performance of a global universe of companies engaged in the smart factories space.
Objective:
KARS's primary investment goal is to provide capital appreciation by tracking the performance of the S&P Kensho Smart Factories Index. The fund seeks to achieve its objective by investing in a portfolio of companies that are actively involved in the development and application of smart factory technologies.
Issuer:
ProShares:
- Reputation: ProShares is a leading provider of exchange-traded products, offering a diverse range of ETFs across various asset classes and investment strategies. It is known for its innovative and thematic ETFs.
- Reliability: ProShares has a solid track record in the ETF industry, with years of experience in managing and launching successful funds.
- Management: ProShares employs a team of experienced investment professionals who have expertise in managing thematic and sector-specific ETFs.
Market Share:
KARS currently holds a small market share within the Smart Factories ETF category. However, as the smart factories segment is a growing field, the market share of KARS is expected to increase in the future.
Total Net Assets:
As of November 7, 2023, KARS had approximately $23.35 million in total net assets.
Moat:
- First Mover Advantage: KARS was the first ETF to focus specifically on the smart factories theme. This early entry provides the fund with an edge in terms of brand recognition and investor awareness.
- Active Management: The active management approach allows the fund to select companies that are best positioned to benefit from the growth of the smart factories industry.
Financial Performance:
Historical Performance:
- 1 Year: -23.55%
- 3 Years: -24.16%
- 5 Years: -14.93%
Benchmark Comparison:
KARS has underperformed its benchmark, the S&P Kensho Smart Factories Index, over all time frames.
Growth Trajectory:
The smart factories industry is predicted to experience significant growth in the upcoming years, driven by technological advancements and the increasing adoption of automation in manufacturing. This positive outlook could potentially benefit KARS and contribute to future growth.
Liquidity:
- Average Daily Trading Volume: 39,412 shares
- Bid-Ask Spread: 0.41%
Market Dynamics:
Factors affecting KARS's market environment include:
- Technological Advancements: Rapid advancements in artificial intelligence, robotics, and IoT are driving the growth of the smart factories industry.
- Economic Growth: A strong global economy can lead to increased investment in automation and smart factory technologies.
- Competition: Other ETFs and actively managed funds focusing on the smart factories space.
Competitors:
- ROBO - ROBO Global Robotics & Automation ETF (89.55%)
- AIEQ - AI Powered Equity ETF (4.31%)
- FUTY - Fidelity Future of Transport & Tech ETF (2.17%)
Expense Ratio:
KARS has an expense ratio of 0.65%.
Investment Approach and Strategy:
- Strategy: KARS actively manages its portfolio to track the S&P Kensho Smart Factories Index.
- Composition: The fund primarily invests in stocks of companies involved in smart factory technologies, including software, hardware, robotics, and automation solutions.
Key Points:
- ProShares S&P Kensho Smart Factories ETF (KARS) provides exposure to the smart factories theme.
- KARS is actively managed, seeking to outperform its benchmark index.
- The ETF has underperformed its benchmark historically.
- KARS has a relatively low expense ratio of 0.65%.
- The smart factory industry is a potential growth sector with long-term potential.
Risks:
- Volatility: KARS is a thematic ETF focused on a specific sector, making it prone to higher volatility than broad market ETFs.
- Market Risk: KARS is subject to risks associated with the smart factory industry, including technological advancements and competition.
Who Should Consider Investing:
Investors who believe in the long-term growth potential of the smart factories industry and are comfortable with potential volatility may consider KARS.
Disclaimer:
- The information provided is for informational purposes only and should not be considered investment advice.
- Please consult with a qualified financial professional before making any investment decisions.
Resources:
About ProShares S&P Kensho Smart Factories ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of U.S.-listed companies focused on building technologies or products that enable the digitalization of manufacturing activities The index includes U.S. and non-U.S. companies. Under normal circumstances, it will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. It is non-diversified.
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