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BBUSvsSMAXETF Comparison

ETF 1

BBUS

JPMorgan BetaBuilders U.S. Equity ETF

This fund is part of

US Large Cap

-0.54%

Full BBUS fund page

VS

ETF 2

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

-0.24%

Full SMAX fund page

JPMorgan BetaBuilders U.S. Equity ETF (BBUS) belongs to the US Large Cap segment. iShares Large Cap Max Buffer Sep ETF (SMAX) is part of the Options Strategies segment. BBUS's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, SMAX's top sector exposures are Technology, Finance and Healthcare. BBUS is less expensive with a Total Expense Ratio (TER) of 0.02%, versus 0.53% for SMAX. BBUS is up 12.66% year-to-date (YTD) with +$1.52B in YTD flows. SMAX performs worse with 5.33% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of BBUS and SMAX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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BBUS vs SMAX performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/08/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	BBUS SMAX	-0.92%+0.48%	+3.88%+2.16%	+12.66%+5.33%	+18.88%+7.42%	+78.61%n/a	+78.41%n/a
Flows	BBUS SMAX	+$90M-$1M	+$534M-$4M	+$1.52B-$34M	+$2.56B+$515K	+$4.36B-	+$5.84B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	BBUS SMAX	+12.74%+2.31%	+12.92%+2.76%	+15.19%n/a	+17.33%n/a
Max drawdown	BBUS SMAX	-3.50%-0.49%	-9.15%-1.93%	-19.04%n/a	-25.46%n/a
Max drawdown duration	BBUS SMAX	19d14d	77d44d	126dn/a	715dn/a

Trading data

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	BBUS	SMAX
Last sale 9/9/2026 at 1:30 PM	$137.59	$28.32
Previous close 09/08/2026	$138.25	$28.29
Consolidated volume 09/08/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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SMAX

is actively managed and doesn’t replicate an index

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	BBUS	SMAX
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/9/2026 at 1:30 PM

Live

Closed

	BBUS	SMAX
Last price	$137.59	$28.32
1D performance	-0.47%	+0.09%
AuM	$9.21 B	$88.37 M
E/R	0.02%	0.53%

Characteristics

	BBUS	SMAX
Management strategy	Passive	Active
Provider	J.P. Morgan Asset Management	iShares
Benchmark	Morningstar US Target Market Exposure Index	-
N° of holdings	461	501
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	March 12, 2019	September 30, 2024
ESG	No	No

More BBUS data on Trackinsight

More SMAX data on Trackinsight

Exposure

Countries

BBUS

USA

97.45%

Other

2.55%

SMAX

USA

102.01%

Other

-2.01%

Sectors

BBUS

Technology

44.71%

Finance

14.12%

Consumer Non-Cycl.

9.05%

Healthcare

9.01%

Industrials

8.11%

Other

14.99%

SMAX

Technology

46.23%

Finance

14.48%

Healthcare

9.28%

Consumer Non-Cycl.

9.23%

Industrials

8.09%

Other

12.68%

Diversification

BBUS

Total weight of top 15 holdings out of 15

43.24%

SMAX

Total weight of top 15 holdings out of 15

45.4%

Top 15 holdings

Data as of July 31, 2026

BBUS

Apple, Inc.

7.79%

NVIDIA Corp.

7.26%

Microsoft Corp.

4.56%

Amazon.com, Inc.

3.58%

Alphabet, Inc.

3.01%

Broadcom Inc.

2.81%

Alphabet, Inc.

2.43%

Meta Platforms, Inc.

2.05%

Micron Technology, Inc.

1.60%

JPMorgan Chase & Co.

1.51%

Eli Lilly & Co.

1.51%

Berkshire Hathaway, Inc.

1.46%

Tesla, Inc.

1.37%

Advanced Micro Devices, Inc.

1.27%

ExxonMobil Holdings Corp.

1.02%

SMAX

Apple, Inc.

7.90%

NVIDIA Corp.

7.62%

Microsoft Corp.

5.40%

Amazon.com, Inc.

3.72%

Alphabet, Inc.

3.16%

Broadcom Inc.

2.96%

Alphabet, Inc.

2.54%

Meta Platforms, Inc.

1.91%

Micron Technology, Inc.

1.59%

JPMorgan Chase & Co.

1.52%

Berkshire Hathaway, Inc.

1.51%

Eli Lilly & Co.

1.47%

BlackRock Cash Funds - Treasury

1.42%

Tesla, Inc.

1.40%

Advanced Micro Devices, Inc.

1.28%

Frequently asked questions about BBUS and SMAX

BBUSvsSMAXETF Comparison

JPMorgan BetaBuilders U.S. Equity ETF

iShares Large Cap Max Buffer Sep ETF

BBUS vs SMAX performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the BBUS and SMAX ETFs performed in 2026?

As of September 8, 2026, BBUS is up 12.66% year-to-date (YTD), while SMAX has returned 5.33%. That puts BBUS better performer ahead so far this year.

Which ETF is attracting more investor money: BBUS or SMAX?

Year-to-date, the BBUS ETF saw +$1.52B in flows, compared to -$34M for SMAX.

Which ETF is more volatile: BBUS or SMAX?

Over the past year, BBUS had a volatility of 12.92%, while SMAX experienced 2.76%.

Which ETF is bigger: BBUS or SMAX?

As of September 8, 2026, BBUS holds $9.21 B in assets under management (AUM), while SMAX manages $88.37 M.

What sectors do the BBUS and SMAX ETFs invest in?

BBUS leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.

What are the top holdings of the BBUS ETF and SMAX ETF?

BBUS top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. SMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: BBUS or SMAX?

BBUS holds 468 securities with 43.24% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.

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