DMAXvsSHDGETF Comparison
VS
iShares Large Cap Max Buffer Dec ETF (DMAX) and Soundwatch Hedged Equity ETF (SHDG) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. DMAX is less expensive with a Total Expense Ratio (TER) of 0.53%, versus 1.01% for SHDG. DMAX is up 2.95% year-to-date (YTD) with +$53M in YTD flows. SHDG performs worse with 1.16% YTD performance, and -$7M in YTD flows. Run a side-by-side ETF comparison of DMAX and SHDG 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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DMAX vs SHDG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DMAX SHDG | +0.58%+0.08% | +1.60%+2.05% | +2.95%+1.16% | +6.98%+8.71% | n/a+37.31% | n/an/a |
| Flows | DMAX SHDG | +$1M-$3M | -$1M-$6M | +$53M-$7M | +$44M-$10M | -+$8M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DMAX SHDG | +1.92%+3.56% | +2.31%+7.42% | n/a+10.42% | n/an/a |
| Max drawdown | DMAX SHDG | -0.59%-1.10% | -1.47%-6.58% | n/a-15.48% | n/an/a |
| Max drawdown duration | DMAX SHDG | 10d2d | 44d150d | n/a153d | n/an/a |
Trading data
DMAX | SHDG | |
Last sale 7/17/2026 at 1:30 PM | $27.41 | $32.68 |
| Previous close 07/16/2026 | $27.44 | $32.88 |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
DMAX | SHDG | |
|---|---|---|
| Last price | $27.41 | $32.68 |
| 1D performance | -0.11% | -0.61% |
| AuM | $138.22 M | $160.73 M |
| E/R | 0.53% | 1.01% |
Characteristics
DMAX | SHDG | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | iShares | Soundwatch Capital |
| Benchmark | - | - |
| N° of holdings | 501 | 501 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 31, 2024 | October 24, 2022 |
| ESG | No | No |
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Exposure
Countries
DMAX
USA
104.62%
Other
-4.62%
SHDG
USA
104.38%
Other
-4.38%
Sectors
DMAX
Technology
49.78%
Finance
13.44%
Consumer Non-Cycl.
9.77%
Healthcare
8.62%
Industrials
8.06%
Other
10.32%
SHDG
Technology
49.96%
Finance
13.49%
Consumer Non-Cycl.
9.81%
Healthcare
8.65%
Industrials
8.09%
Other
9.99%
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Diversification
DMAX
Total weight of top 15 holdings out of 15
48.2%
SHDG
Total weight of top 15 holdings out of 15
48.37%
Top 15 holdings
Data as of May 31, 2026
DMAX
NVIDIA Corp.
8.38%
Apple, Inc.
7.49%
Microsoft Corp.
5.46%
Amazon.com, Inc.
4.32%
Alphabet, Inc.
3.62%
Broadcom Inc.
3.46%
Alphabet, Inc.
2.88%
Meta Platforms, Inc.
2.26%
Tesla, Inc.
2.00%
Micron Technology, Inc.
1.79%
Eli Lilly & Co.
1.43%
Berkshire Hathaway, Inc.
1.42%
Advanced Micro Devices, Inc.
1.38%
JPMorgan Chase & Co.
1.32%
Exxon Mobil Corp.
0.99%
SHDG
NVIDIA Corp.
8.41%
Apple, Inc.
7.51%
Microsoft Corp.
5.48%
Amazon.com, Inc.
4.34%
Alphabet, Inc.
3.63%
Broadcom Inc.
3.47%
Alphabet, Inc.
2.89%
Meta Platforms, Inc.
2.27%
Tesla, Inc.
2.01%
Micron Technology, Inc.
1.79%
Eli Lilly & Co.
1.44%
Berkshire Hathaway, Inc.
1.43%
Advanced Micro Devices, Inc.
1.38%
JPMorgan Chase & Co.
1.32%
Exxon Mobil Corp.
1.00%
Frequently asked questions about DMAX and SHDG
How have the DMAX and SHDG ETFs performed in 2026?
As of July 17, 2026, DMAX is up 2.95% year-to-date (YTD), while SHDG has returned 1.16%. That puts DMAX better performer ahead so far this year.
Which ETF is attracting more investor money: DMAX or SHDG?
Year-to-date, the DMAX ETF saw +$53M in flows, compared to -$7M for SHDG.
Which ETF is more volatile: DMAX or SHDG?
Over the past year, DMAX had a volatility of 2.31%, while SHDG experienced 7.42%.
Which ETF is bigger: DMAX or SHDG?
As of July 17, 2026, DMAX holds $138.22 M in assets under management (AUM), while SHDG manages $160.73 M.
What sectors do the DMAX and SHDG ETFs invest in?
DMAX leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SHDG focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the DMAX ETF and SHDG ETF?
DMAX top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SHDG holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: DMAX or SHDG?
DMAX holds 504 securities with 48.2% of its assets in the top 15. SHDG has 504 securities and a top 15 weight of 48.37%.
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