MAKX vs REFA

Comparison between PROSHARES S&P KENSHO SMART FACTORIES ETF (MAKX, ETF) and COLUMBIA RESEARCH ENHANCED INTERNATIONAL EQUITY ETF (REFA, ETF).

5-Year PerformanceMAKX has outperformed REFA, delivering a return of +11.6% compared to -1.6%

MAKX vs REFA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MAKX(ETF)	REFA(ETF)
Net Assets	$5.60M	$5.60M
Expense Ratio	0.58%	0.32%
Max Drawdown	40.39%	32.28%
Sharpe Ratio	0.95	-0.28
5Y Beta	1.45	1.05
P/E Ratio	60.46	N/A
Forward P/E	23.48	N/A
PEG Ratio	0.98	N/A
5Y Dividends CAGR	N/A	-50.57%
5Y EPS CAGR	7.41%	N/A
Debt to Equity	32.85%	N/A
P/S Ratio	0.01	N/A
P/B Ratio	3.15	N/A

Net Assets

MAKX

$5.60M

REFA

$5.60M

Expense Ratio

MAKX

0.58%

Winner

REFA

0.32%

Max Drawdown

MAKX

40.39%

Winner

REFA

32.28%

Sharpe Ratio

Winner

MAKX

0.95

REFA

-0.28

5Y Beta

MAKX

1.45

Winner

REFA

1.05

P/E Ratio

MAKX

60.46

REFA

N/A

Forward P/E

MAKX

23.48

REFA

N/A

PEG Ratio

MAKX

0.98

REFA

N/A

5Y Dividends CAGR

MAKX

N/A

REFA

-50.57%

5Y EPS CAGR

MAKX

7.41%

REFA

N/A

Debt to Equity

MAKX

32.85%

REFA

N/A

P/S Ratio

MAKX

0.01

REFA

N/A

P/B Ratio

MAKX

3.15

REFA

N/A

MAKX vs REFA - Historical Returns

Returns include dividend reinvestment.

Period	MAKX	REFA
1 month	-8.78%	-0.06%
3 months	+9.27%	+4.16%
6 months	+19.18%	+7.39%
1 year	+34.98%	N/A
5 years(CAGR)	+11.59%	-1.61%
10 years(CAGR)	N/A	-0.24%
Max(CAGR)	+11.59%	-0.24%

MAKX

-8.78%

Winner

REFA

-0.06%

Winner

MAKX

+9.27%

REFA

+4.16%

Winner

MAKX

+19.18%

REFA

+7.39%

MAKX

+34.98%

REFA

N/A

5Y(CAGR)

Winner

MAKX

+11.59%

REFA

-1.61%

10Y(CAGR)

MAKX

N/A

REFA

-0.24%

Max(CAGR)

Winner

MAKX

+11.59%

REFA

-0.24%

MAKX vs REFA - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	MAKX	REFA
2026	+30.42%	+9.62%
2025	+21.91%	+0.53%
2024	+11.14%	N/A
2023	+25.80%	N/A
2022	-26.81%	N/A
2021	+3.91%	N/A
2020	N/A	-2.78%
2019	N/A	+16.54%
2018	N/A	-15.95%
2017	N/A	+12.46%

MAKX vs REFA Drawdown Comparison

The maximum drawdown for MAKX was -40.27%, occurring on Oct 14, 2022. Recovery took 908 trading sessions.

The maximum drawdown for REFA was -27.93%, occurring on Dec 17, 2025. This drawdown has not yet recovered.

The current MAKX drawdown is -10.85%. The current REFA drawdown is -18.75%.

Rank	MAKX	REFA
#1	-40.27% Nov 8, 2021 - Jun 24, 2025	-27.93% Jan 26, 2018 - Dec 17, 2025
#2	-16.05% Oct 27, 2025 - Jan 22, 2026	-2.46% Nov 1, 2017 - Nov 30, 2017
#3	-14.80% Jun 2, 2026 - Jul 20, 2026	-1.26% Aug 8, 2017 - Sep 7, 2017
#4	-13.57% Feb 13, 2026 - Apr 13, 2026	-1.13% Nov 30, 2017 - Dec 12, 2017
#5	-7.92% Oct 6, 2025 - Oct 15, 2025	-0.98% Oct 24, 2017 - Nov 1, 2017
#6	-7.02% Jan 22, 2026 - Feb 13, 2026	-0.72% Dec 13, 2017 - Dec 19, 2017
#7	-6.80% May 14, 2026 - May 22, 2026	-0.65% Oct 16, 2017 - Oct 24, 2017
#8	-5.51% Jul 18, 2025 - Aug 12, 2025	-0.64% Sep 22, 2017 - Sep 29, 2017
#9	-5.36% Aug 13, 2025 - Sep 18, 2025	-0.40% Jan 17, 2018 - Jan 19, 2018
#10	-4.68% Sep 22, 2025 - Oct 6, 2025	-0.36% Sep 29, 2017 - Oct 10, 2017
#11	-3.99% Oct 15, 2025 - Oct 24, 2025	-0.20% Jan 24, 2018 - Jan 26, 2018
#12	-2.83% May 6, 2026 - May 13, 2026	-0.14% Dec 19, 2017 - Dec 21, 2017
#13	-2.29% Oct 1, 2021 - Oct 7, 2021	-0.14% Jan 12, 2018 - Jan 17, 2018
#14	-2.01% May 26, 2026 - Jun 1, 2026	-0.13% Jan 8, 2018 - Jan 11, 2018
#15	-1.92% Oct 25, 2021 - Oct 29, 2021	-0.11% Sep 12, 2017 - Sep 19, 2017