DMAXvsPBPETF Comparison
VS
iShares Large Cap Max Buffer Dec ETF (DMAX) and Invesco S&P 500 BuyWrite ETF (PBP) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. DMAX is more expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.29% for PBP. DMAX is up 4.06% year-to-date (YTD) with +$50M in YTD flows. PBP performs better with 9.78% YTD performance, and +$43M in YTD flows. Run a side-by-side ETF comparison of DMAX and PBP below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
DMAX vs PBP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DMAX PBP | +0.77%+1.57% | +1.41%+4.52% | +4.06%+9.78% | +7.04%+19.23% | n/a+44.35% | n/a+47.08% |
| Flows | DMAX PBP | -$3M+$21M | -$2M+$30M | +$50M+$43M | +$44M+$73M | -+$272M | -+$203M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DMAX PBP | +1.96%+6.76% | +2.23%+7.16% | n/a+10.31% | n/a+11.35% |
| Max drawdown | DMAX PBP | -0.59%-2.03% | -1.47%-5.24% | n/a-15.51% | n/a-18.35% |
| Max drawdown duration | DMAX PBP | 10d8d | 44d63d | n/a240d | n/a679d |
Trading data
DMAX | PBP | |
Last sale 9/1/2026 at 1:30 PM | $27.67 | $23.20 |
| Previous close 08/31/2026 | $27.70 | $23.30 |
| Consolidated volume 08/31/2026 | ||
| 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
Create an account to view replication metrics
Join for free
DMAX
is actively managed and doesn’t replicate an indexDMAX | PBP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
DMAX | PBP | |
|---|---|---|
| Last price | $27.67 | $23.20 |
| 1D performance | -0.11% | -0.43% |
| AuM | $136.37 M | $381.16 M |
| E/R | 0.53% | 0.29% |
Advertisement
Exposure
Countries
DMAX
USA
100.84%
Other
-0.84%
PBP
USA
97.04%
Other
2.96%
Sectors
DMAX
Technology
46.39%
Finance
14.53%
Healthcare
9.31%
Consumer Non-Cycl.
9.26%
Industrials
7.86%
Other
12.65%
PBP
Technology
44.19%
Finance
14.31%
Healthcare
9.37%
Consumer Non-Cycl.
9.14%
Industrials
7.65%
Other
15.35%
Advertisement
Diversification
DMAX
Total weight of top 15 holdings out of 15
45.18%
PBP
Total weight of top 15 holdings out of 15
43.4%
Top 15 holdings
Data as of July 31, 2026
DMAX
Apple, Inc.
7.92%
NVIDIA Corp.
7.64%
Microsoft Corp.
5.42%
Amazon.com, Inc.
3.73%
Alphabet, Inc.
3.17%
Broadcom Inc.
2.97%
Alphabet, Inc.
2.55%
Meta Platforms, Inc.
1.92%
Micron Technology, Inc.
1.60%
JPMorgan Chase & Co.
1.52%
Berkshire Hathaway, Inc.
1.51%
Eli Lilly & Co.
1.48%
Tesla, Inc.
1.41%
Advanced Micro Devices, Inc.
1.28%
US30233Q1085
1.05%
PBP
Apple, Inc.
7.95%
NVIDIA Corp.
7.36%
Microsoft Corp.
4.64%
Amazon.com, Inc.
3.55%
Alphabet, Inc.
3.16%
Broadcom Inc.
2.80%
Alphabet, Inc.
2.54%
Meta Platforms, Inc.
2.06%
Eli Lilly & Co.
1.53%
Berkshire Hathaway, Inc.
1.49%
JPMorgan Chase & Co.
1.48%
Tesla, Inc.
1.34%
Micron Technology, Inc.
1.33%
Advanced Micro Devices, Inc.
1.12%
US30233Q1085
1.04%
Frequently asked questions about DMAX and PBP
How have the DMAX and PBP ETFs performed in 2026?
As of August 31, 2026, DMAX is up 4.06% year-to-date (YTD), while PBP has returned 9.78%. That puts PBP better performer ahead so far this year.
Which ETF is attracting more investor money: DMAX or PBP?
Year-to-date, the DMAX ETF saw +$50M in flows, compared to +$43M for PBP.
Which ETF is more volatile: DMAX or PBP?
Over the past year, DMAX had a volatility of 2.23%, while PBP experienced 7.16%.
Which ETF is bigger: DMAX or PBP?
As of August 31, 2026, DMAX holds $136.37 M in assets under management (AUM), while PBP manages $381.16 M.
What sectors do the DMAX and PBP ETFs invest in?
DMAX leans toward sectors like Technology, Finance and Healthcare. Meanwhile, PBP focuses on Technology, Finance and Healthcare.
What are the top holdings of the DMAX ETF and PBP ETF?
DMAX top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. PBP holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: DMAX or PBP?
DMAX holds 504 securities with 45.18% of its assets in the top 15. PBP has 503 securities and a top 15 weight of 43.4%.
Advertisement
Latest news about DMAX & PBP
How Covered Call ETFs Evolved Through the Years
August 12, 2026
PBP
Options Strategies in ETFs, Part 1: A Grand Overview
November 1, 2023
PBP
Advertisement
Advertisement
