CDEIvsSMAXETF Comparison
ETF 1
CDEI
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF
VS
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI) belongs to the segment. iShares Large Cap Max Buffer Sep ETF (SMAX) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. CDEI is less expensive with a Total Expense Ratio (TER) of 0.14%, versus 0.53% for SMAX. CDEI is up 12.5% year-to-date (YTD) with - in YTD flows. SMAX performs worse with 5.33% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of CDEI 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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CDEI vs SMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CDEI SMAX | -2.08%+0.48% | +6.07%+2.16% | +12.50%+5.33% | +20.63%+7.42% | +68.46%n/a | n/an/a |
| Flows | CDEI SMAX | --$1M | --$4M | --$34M | -$4M+$515K | -$20M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CDEI SMAX | +11.34%+2.31% | +12.59%+2.76% | +15.02%n/a | n/an/a |
| Max drawdown | CDEI SMAX | -2.73%-0.49% | -9.97%-1.93% | -19.34%n/a | n/an/a |
| Max drawdown duration | CDEI SMAX | 28d14d | 95d44d | 127dn/a | n/an/a |
Trading data
CDEI | SMAX | |
Last sale 9/10/2026 at 1:30 PM | $92.55 | $28.28 |
| Previous close 09/10/2026 | $93.07 | $28.32 |
| Consolidated volume 09/10/2026 | ||
| 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 indexCDEI | SMAX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
CDEI | SMAX | |
|---|---|---|
| Last price | $92.55 | $28.28 |
| 1D performance | -0.56% | -0.11% |
| AuM | $18.51 M | $88.37 M |
| E/R | 0.14% | 0.53% |
Characteristics
CDEI | SMAX | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Morgan Stanley | iShares |
| Benchmark | Calvert US Large-Cap Diversity Research Index | - |
| N° of holdings | 233 | 501 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 1, 2023 | September 30, 2024 |
| ESG | Yes | No |
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Exposure
Countries
CDEI
USA
98.37%
Other
1.63%
SMAX
USA
102.01%
Other
-2.01%
Sectors
CDEI
Technology
50.37%
Finance
18.06%
Healthcare
12.19%
Other
19.39%
SMAX
Technology
46.23%
Finance
14.48%
Healthcare
9.28%
Consumer Non-Cycl.
9.23%
Industrials
8.09%
Other
12.68%
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Diversification
CDEI
Total weight of top 15 holdings out of 15
55.91%
SMAX
Total weight of top 15 holdings out of 15
45.4%
Top 15 holdings
Data as of July 31, 2026
CDEI
NVIDIA Corp.
8.47%
Apple, Inc.
8.37%
Alphabet, Inc.
7.30%
Microsoft Corp.
6.85%
JPMorgan Chase & Co.
3.66%
Eli Lilly & Co.
3.43%
Advanced Micro Devices, Inc.
2.92%
Visa, Inc.
2.56%
Mastercard, Inc.
1.96%
Cisco Systems, Inc.
1.93%
AbbVie, Inc.
1.87%
Bank of America Corp.
1.85%
Intel Corp.
1.62%
GE Aerospace
1.58%
Lam Research Corp.
1.54%
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 CDEI and SMAX
How have the CDEI and SMAX ETFs performed in 2026?
As of September 10, 2026, CDEI is up 12.5% year-to-date (YTD), while SMAX has returned 5.33%. That puts CDEI better performer ahead so far this year.
Which ETF is attracting more investor money: CDEI or SMAX?
Year-to-date, the CDEI ETF saw - in flows, compared to -$34M for SMAX.
Which ETF is more volatile: CDEI or SMAX?
Over the past year, CDEI had a volatility of 12.59%, while SMAX experienced 2.76%.
Which ETF is bigger: CDEI or SMAX?
As of September 10, 2026, CDEI holds $18.51 M in assets under management (AUM), while SMAX manages $88.37 M.
What sectors do the CDEI and SMAX ETFs invest in?
CDEI leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.
What are the top holdings of the CDEI ETF and SMAX ETF?
CDEI top holdings include NVIDIA Corp., Apple, Inc. and Alphabet, Inc.. SMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: CDEI or SMAX?
CDEI holds 233 securities with 55.91% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.
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Latest news about CDEI & SMAX
Donald Trump’s Executive Orders: ETF Bulls and Bears
January 24, 2025
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Morgan Stanley Launches Six New ESG-Focused ETFs
February 16, 2023
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