MAKX vs QQQ
Proshares S&P Kensho Smart Factories ETF vs Invesco QQQ Trust, Series 1
Which is better, MAKX or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. MAKX led over 1Y and 3Y, QQQ over 5Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 59.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MAKX | QQQ |
|---|---|---|
| Expense Ratio | 0.58% | 0.18%Best |
| AUM | $5M | $506.1B |
| Dividend Yield | 0.08% | 0.42% |
| Holdings | 25 | 321 |
| YTD Return | +30.01%Best | +19.30% |
| 1Y Return | +28.22%Best | +22.47% |
| 3Y Return (annualized) | +28.14%Best | +26.18% |
| 5Y Return (annualized) | +11.00% | +15.42%Best |
| Volatility (annualized) | 28.8% | 20.7%Best |
| Max Drawdown | -40.3% | -35.1%Best |
| $10,000 over 5 years | $16,851 | $20,484Best |
| Top 10 Weight | 59.1% | 46.7%Best |
| Fund Family | ProShares | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Sep 29, 2021 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2021 to Oct 12, 2026 (5 years).
MAKX vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5 years both funds cover.
MAKX vs QQQ Performance
Proshares S&P Kensho Smart Factories ETF (MAKX) is an ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MAKX returned +28.22% while QQQ returned +22.47%. Year to date, MAKX is up 30.01% versus a gain of 19.30% for QQQ.
Over three years, MAKX compounded at +28.14% per year against +26.18% for QQQ; over five years the annualized figures are +11.00% and +15.42% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MAKX has been the more volatile fund, with annualized monthly volatility of 28.8% compared with 20.7% for QQQ. 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 -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.08% against 0.42% for QQQ.
Holdings Overlap
15.1% of MAKX's money is in holdings QQQ also owns. 10.6% of QQQ's money is in holdings MAKX also owns.
MAKX and QQQ share little of their money.
4 positions in common, counted across the 24 positions we hold weights for in MAKX and 101 in QQQ, against full books of 25 and 321.
What only one of them owns
Our book lists 89 positions for QQQ that do not appear in our book for MAKX (85.7% of the fund), and 16 for MAKX that do not appear in QQQ (71.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of MAKX and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $40 a year on a $10,000 investment.
Which performed better, MAKX or QQQ?
Over the past year MAKX returned +28.22% vs +22.47% for QQQ, so MAKX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MAKX or QQQ?
MAKX has been the more volatile fund at 28.8% annualized versus 20.7% for QQQ. Worst drawdown: MAKX -40.3% vs QQQ -35.1%.
Should I hold both MAKX and QQQ?
MAKX and QQQ have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MAKX and QQQ?
15.1% of MAKX's money is in holdings QQQ also owns. 10.6% of QQQ's is in holdings MAKX also owns. They hold 4 positions in common, counted across the 24 positions we hold weights for in MAKX and 101 in QQQ.
Which pays a higher dividend, MAKX or QQQ?
MAKX yields 0.08% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than MAKX?
QQQ has a lower expense ratio. MAKX led over 1Y and 3Y, QQQ over 5Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 59.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.