Data as of .
MAKX vs PIEL: which is really different?
MAKX and PIEL hold 0% of their weight in the same names.
ETFIQ Off-Index Score: PIEL 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
0% 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 PIEL hold 0% of their money in the same securities at the same weight.
| Only in MAKX | Only in PIEL |
|---|---|
| 3D SYSTEMS CORP 8.20% | SK hynix Inc 9.81% |
| OUSTER INC 7.38% | ASML Holding NV 6.10% |
| EMERSON ELECTRIC CO 6.26% | Novartis AG 4.89% |
| COGNEX CORP 6.11% | AstraZeneca PLC 4.58% |
| SK TELECOM CO LTD-SPON ADR 6.02% | Roche Holding AG 4.49% |
| ROCKWELL AUTOMATION INC 5.59% | LVMH Moet Hennessy Louis Vuitt 3.48% |
| AUTODESK INC 5.52% | SAP SE 3.28% |
| AMBIQ MICRO INC 5.21% | Hermes International SCA 3.13% |
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 | PIEL | MAKX | PIEL | MAKX | PIEL | |
| 3 months | −10.7% | −6.1% | −12.9 pts | −8.3 pts | −8.2 pts | −3.6 pts |
| 6 months | +26.0% | +19.0% | +8.0 pts | +1.0 pts | +1.8 pts | −5.2 pts |
| 1 year | +22.8% | not published | +6.3 pts | not published | +1.1 pts | not published |
| 3 years | +94.2% | not published | +15.8 pts | not published | −4.0 pts | not published |
| Since launch | +65.7% | +11.8% | −24.1 pts | +0.2 pts | −41.7 pts | −4.5 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 | PIEL Pacer International Export Leaders ETF Holds 100 stocks in reshoring and manufacturing, 0% 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% | 0.0% |
| Active share vs the S&P 500 | 95.1% | 100.0% |
| In the Nasdaq-100 | 15.0% | 3.0% |
| Holdings | 24 | 100 |
| Top ten, share of the fund | 59.5% | 45.7% |
| Expense ratio | 0.58% | 0.49% |
| Fee for the differing part | 0.61% | 0.49% |
| Total return, 1 year | +22.8% | +11.8% (since launch on Dec 23, 2025) |
| vs the S&P 500 | +6.3 pts | +0.2 pts |
| vs the Nasdaq-100 | +1.1 pts | −4.5 pts |
| Below its high | −12.8% | −6.1% |
| Net assets | $5m | $1m |
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.
PIEL in plain words
By weight, 0% of PIEL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 46% of the fund across 100 positions, as filed for Apr 30, 2026. Since it launched on Dec 23, 2025 the fund returned +11.8% with distributions reinvested against +11.6% for the S&P 500, so a holder was about even. It sits 6.1% below its all-time high of Jun 18, 2026.
Questions people ask
- Do MAKX and PIEL hold the same stocks?
- By their latest filings, 0% 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 PIEL?
- MAKX has 37% of its weight in S&P 500 names and PIEL has 0%, so PIEL differs more from the index.
- Which is cheaper, MAKX or PIEL?
- MAKX charges 0.58% a year and PIEL charges 0.49%, so PIEL 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 PIEL, data as of Sep 18, 2026. https://etfiq.com/compare/themes/makx-vs-piel Free to use with attribution; the underlying files are at Open data.