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FDRRvsSMAXETF Comparison

ETF 1

FDRR

Fidelity Dividend for Rising Rates ETF

This fund is part of

US High Dividend

+0.51%

Full FDRR fund page

VS

ETF 2

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

+0.52%

Full SMAX fund page

Fidelity Dividend for Rising Rates ETF (FDRR) belongs to the US High Dividend 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. FDRR is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.53% for SMAX. FDRR is up 16.34% year-to-date (YTD) with +$7M in YTD flows. SMAX performs worse with 5.38% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of FDRR 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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FDRR vs SMAX performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FDRR SMAX	+0.66%+0.51%	+7.15%+2.24%	+16.34%+5.38%	+23.08%+7.28%	+81.26%n/a	+86.90%n/a
Flows	FDRR SMAX	--$1M	+$7M-$4M	+$7M-$34M	+$25M+$515K	-$67M-	-$8M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FDRR SMAX	+10.09%+2.14%	+11.22%+2.77%	+13.49%n/a	+14.82%n/a
Max drawdown	FDRR SMAX	-2.87%-0.49%	-8.52%-1.93%	-17.87%n/a	-20.85%n/a
Max drawdown duration	FDRR SMAX	17d14d	66d44d	126dn/a	708dn/a

Trading data

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	FDRR	SMAX
Last sale 9/14/2026 at 1:30 PM	$69.81	$28.30
Previous close 09/11/2026	$70.06	$28.33
Consolidated volume 09/11/2026
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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	FDRR	SMAX
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/14/2026 at 1:30 PM

Live

Closed

	FDRR	SMAX
Last price	$69.81	$28.30
1D performance	-0.35%	-0.11%
AuM	$765.74 M	$88.41 M
E/R	0.15%	0.53%

Characteristics

	FDRR	SMAX
Management strategy	Passive	Active
Provider	Fidelity	iShares
Benchmark	Fidelity Dividend for Rising Rates Index	-
N° of holdings	110	501
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	September 12, 2016	September 30, 2024
ESG	No	No

More FDRR data on Trackinsight

More SMAX data on Trackinsight

Exposure

Countries

FDRR

USA

93.32%

Other

6.68%

SMAX

USA

102.01%

Other

-2.01%

Sectors

FDRR

Technology

42.4%

Finance

15.75%

Healthcare

10.27%

Industrials

8.83%

Other

22.75%

SMAX

Technology

46.23%

Finance

14.48%

Healthcare

9.28%

Consumer Non-Cycl.

9.23%

Industrials

8.09%

Other

12.68%

Diversification

FDRR

Total weight of top 15 holdings out of 15

49.06%

SMAX

Total weight of top 15 holdings out of 15

45.4%

Top 15 holdings

Data as of July 31, 2026

FDRR

Apple, Inc.

8.39%

NVIDIA Corp.

7.95%

Alphabet, Inc.

5.12%

Microsoft Corp.

5.10%

Broadcom Inc.

3.73%

Dell Technologies, Inc.

3.12%

JPMorgan Chase & Co.

2.19%

Eli Lilly & Co.

2.10%

Cisco Systems, Inc.

1.97%

Meta Platforms, Inc.

1.94%

Johnson & Johnson

1.66%

UnitedHealth Group, Inc.

1.58%

AbbVie, Inc.

1.46%

Bank of America Corp.

1.39%

HP, Inc.

1.35%

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 FDRR and SMAX

FDRRvsSMAXETF Comparison

Fidelity Dividend for Rising Rates ETF

iShares Large Cap Max Buffer Sep ETF

FDRR 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 FDRR and SMAX ETFs performed in 2026?

As of September 11, 2026, FDRR is up 16.34% year-to-date (YTD), while SMAX has returned 5.38%. That puts FDRR better performer ahead so far this year.

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

Year-to-date, the FDRR ETF saw +$7M in flows, compared to -$34M for SMAX.

Which ETF is more volatile: FDRR or SMAX?

Over the past year, FDRR had a volatility of 11.22%, while SMAX experienced 2.77%.

Which ETF is bigger: FDRR or SMAX?

As of September 11, 2026, FDRR holds $765.74 M in assets under management (AUM), while SMAX manages $88.41 M.

What sectors do the FDRR and SMAX ETFs invest in?

FDRR leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.

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

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

Which ETF is more diversified: FDRR or SMAX?

FDRR holds 110 securities with 49.06% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.

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