Data as of .
MAKX vs PEXL: which is really different?
MAKX and PEXL hold 6% of their weight in the same names, and PEXL returned more over the year.
ETFIQ Off-Index Score: MAKX scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
6% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, MAKX and PEXL hold 6% of their money in the same securities at the same weight.
| Holding | MAKX | PEXL |
|---|---|---|
| APPLIED MATERIALS INC | 3.41% | 2.94% |
| SYNOPSYS INC | 2.52% | 0.87% |
| EMERSON ELECTRIC CO | 6.26% | 0.74% |
| AUTODESK INC | 5.52% | 0.47% |
| ON SEMICONDUCTOR | 2.17% | 0.37% |
| ZEBRA TECHNOLOGIES CORP-CL A | 4.96% | 0.11% |
| COGNEX CORP | 6.11% | 0.09% |
| Only in MAKX | Only in PEXL |
|---|---|
| 3D SYSTEMS CORP 8.20% | Broadcom Inc 5.75% |
| OUSTER INC 7.38% | Alphabet Inc 5.64% |
| SK TELECOM CO LTD-SPON ADR 6.02% | Advanced Micro Devices Inc 5.43% |
| ROCKWELL AUTOMATION INC 5.59% | Apple Inc 4.81% |
| AMBIQ MICRO INC 5.21% | Microsoft Corp 4.56% |
| ALLIENT INC 4.26% | Meta Platforms Inc 4.41% |
| NVIDIA CORP 3.52% | Netflix Inc 3.71% |
| TOWER SEMICONDUCTOR LTD 3.40% | Procter & Gamble Co/The 3.21% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| MAKX | PEXL | MAKX | PEXL | MAKX | PEXL | |
| 3 months | −10.7% | −4.7% | −12.9 pts | −6.9 pts | −8.2 pts | −2.2 pts |
| 6 months | +26.0% | +22.1% | +8.0 pts | +4.1 pts | +1.8 pts | −2.1 pts |
| 1 year | +22.8% | +25.5% | +6.3 pts | +8.9 pts | +1.1 pts | +3.7 pts |
| 3 years | +94.2% | +71.4% | +15.8 pts | −7.0 pts | −4.0 pts | −26.7 pts |
| Since launch | +65.7% | +196.6% | −24.1 pts | −9.9 pts | −41.7 pts | −125.0 pts |
| MAKX ProShares S&P Kensho Smart Factories ETF Holds 24 stocks in reshoring and manufacturing, 37% of its weight in S&P 500 companies | PEXL Pacer US Export Leaders ETF Holds 100 stocks in reshoring and manufacturing, 97% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | ProShares | Pacer |
| Theme | Reshoring and manufacturing | Reshoring and manufacturing |
| In the S&P 500 | 36.7% | 97.3% |
| Active share vs the S&P 500 | 95.1% | 68.8% |
| In the Nasdaq-100 | 15.0% | 63.4% |
| Holdings | 24 | 100 |
| Top ten, share of the fund | 59.5% | 43.5% |
| Expense ratio | 0.58% | 0.49% |
| Fee for the differing part | 0.61% | 0.71% |
| Total return, 1 year | +22.8% | +25.5% |
| vs the S&P 500 | +6.3 pts | +8.9 pts |
| vs the Nasdaq-100 | +1.1 pts | +3.7 pts |
| Below its high | −12.8% | −5.1% |
| Net assets | $5m | $46m |
MAKX in plain words
By weight, 37% of MAKX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 95%. The top ten holdings are 60% of the fund across 24 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +22.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 6.3 pts. It sits 12.8% below its all-time high of Jun 2, 2026.
PEXL in plain words
By weight, 97% of PEXL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 44% of the fund across 100 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +25.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 8.9 pts. It sits 5.1% below its all-time high of Jun 30, 2026.
Questions people ask
- Do MAKX and PEXL hold the same stocks?
- By their latest filings, 6% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, MAKX or PEXL?
- MAKX has 37% of its weight in S&P 500 names and PEXL has 97%, so MAKX differs more from the index.
- Which is cheaper, MAKX or PEXL?
- MAKX charges 0.58% a year and PEXL charges 0.49%, so PEXL is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MAKX against PEXL, data as of Sep 18, 2026. https://etfiq.com/compare/themes/makx-vs-pexl Free to use with attribution; the underlying files are at Open data.