DMAXvsSPYTETF Comparison
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iShares Large Cap Max Buffer Dec ETF (DMAX) and Defiance S&P 500 Target Income ETF (SPYT) 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 0.92% for SPYT. DMAX is up 2.95% year-to-date (YTD) with +$53M in YTD flows. SPYT performs better with 8.67% YTD performance, and +$21M in YTD flows. Run a side-by-side ETF comparison of DMAX and SPYT 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 SPYT 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 SPYT | +0.58%+0.74% | +1.60%+4.26% | +2.95%+8.67% | +6.98%+16.70% | n/an/a | n/an/a |
| Flows | DMAX SPYT | +$1M+$7M | -$1M+$4M | +$53M+$21M | +$44M+$50M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DMAX SPYT | +1.92%+12.03% | +2.31%+11.46% | n/an/a | n/an/a |
| Max drawdown | DMAX SPYT | -0.59%-4.34% | -1.47%-7.87% | n/an/a | n/an/a |
| Max drawdown duration | DMAX SPYT | 10d45d | 44d70d | n/an/a | n/an/a |
Trading data
DMAX | SPYT | |
Last sale 7/17/2026 at 1:30 PM | $27.41 | $17.20 |
| Previous close 07/16/2026 | $27.44 | $17.36 |
| 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 | SPYT | |
|---|---|---|
| Last price | $27.41 | $17.20 |
| 1D performance | -0.11% | -0.92% |
| AuM | $138.22 M | $152.07 M |
| E/R | 0.53% | 0.92% |
Characteristics
DMAX | SPYT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | iShares | Defiance ETFs |
| Benchmark | - | - |
| N° of holdings | 501 | 501 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 31, 2024 | March 5, 2024 |
| ESG | No | No |
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Exposure
Countries
DMAX
USA
104.62%
Other
-4.62%
SPYT
USA
97.72%
Other
2.28%
Sectors
DMAX
Technology
49.78%
Finance
13.44%
Consumer Non-Cycl.
9.77%
Healthcare
8.62%
Industrials
8.06%
Other
10.32%
SPYT
Technology
46.77%
Finance
12.63%
Consumer Non-Cycl.
9.18%
Healthcare
8.1%
Industrials
7.58%
Other
15.74%
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Diversification
DMAX
Total weight of top 15 holdings out of 15
48.2%
SPYT
Total weight of top 15 holdings out of 15
45.29%
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%
SPYT
NVIDIA Corp.
7.88%
Apple, Inc.
7.03%
Microsoft Corp.
5.13%
Amazon.com, Inc.
4.06%
Alphabet, Inc.
3.40%
Broadcom Inc.
3.25%
Alphabet, Inc.
2.70%
Meta Platforms, Inc.
2.12%
Tesla, Inc.
1.88%
Micron Technology, Inc.
1.68%
Eli Lilly & Co.
1.34%
Berkshire Hathaway, Inc.
1.34%
Advanced Micro Devices, Inc.
1.29%
JPMorgan Chase & Co.
1.24%
Exxon Mobil Corp.
0.93%
Frequently asked questions about DMAX and SPYT
How have the DMAX and SPYT ETFs performed in 2026?
As of July 17, 2026, DMAX is up 2.95% year-to-date (YTD), while SPYT has returned 8.67%. That puts SPYT better performer ahead so far this year.
Which ETF is attracting more investor money: DMAX or SPYT?
Year-to-date, the DMAX ETF saw +$53M in flows, compared to +$21M for SPYT.
Which ETF is more volatile: DMAX or SPYT?
Over the past year, DMAX had a volatility of 2.31%, while SPYT experienced 11.46%.
Which ETF is bigger: DMAX or SPYT?
As of July 17, 2026, DMAX holds $138.22 M in assets under management (AUM), while SPYT manages $152.07 M.
What sectors do the DMAX and SPYT ETFs invest in?
DMAX leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SPYT focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the DMAX ETF and SPYT ETF?
DMAX top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SPYT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: DMAX or SPYT?
DMAX holds 504 securities with 48.2% of its assets in the top 15. SPYT has 504 securities and a top 15 weight of 45.29%.
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