IVVMvsSMAXETF Comparison
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iShares Large Cap Moderate Buffer ETF (IVVM) and iShares Large Cap Max Buffer Sep ETF (SMAX) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. Both IVVM and SMAX have the same Total Expense Ratio (TER) of 0.53%. IVVM is up 6.86% year-to-date (YTD) with +$16M in YTD flows. SMAX performs worse with 4.31% YTD performance, and -$33M in YTD flows. Run a side-by-side ETF comparison of IVVM 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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IVVM vs SMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IVVM SMAX | +0.51%+0.60% | +2.74%+1.91% | +6.86%+4.31% | +13.43%+7.52% | +46.09%n/a | n/an/a |
| Flows | IVVM SMAX | +$6M-$3M | +$2M-$11M | +$16M-$33M | +$50M-$4M | +$132M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IVVM SMAX | +6.45%+2.51% | +7.45%+2.87% | +9.67%n/a | n/an/a |
| Max drawdown | IVVM SMAX | -2.02%-0.70% | -5.18%-1.93% | -11.79%n/a | n/an/a |
| Max drawdown duration | IVVM SMAX | 16d10d | 72d44d | 84dn/a | n/an/a |
Trading data
IVVM | SMAX | |
Last sale 8/3/2026 at 1:30 PM | $37.40 | $28.08 |
| Previous close 07/31/2026 | $37.12 | $28.02 |
| Consolidated volume 07/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 8/3/2026 at 1:30 PM
Live
Closed
IVVM | SMAX | |
|---|---|---|
| Last price | $37.40 | $28.08 |
| 1D performance | +0.75% | +0.23% |
| AuM | $175.25 M | $88.64 M |
| E/R | 0.53% | 0.53% |
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Exposure
Countries
IVVM
USA
97.07%
Other
2.93%
SMAX
USA
102.95%
Other
-2.95%
Sectors
IVVM
Technology
44.88%
Finance
12.89%
Consumer Non-Cycl.
8.6%
Healthcare
8.5%
Industrials
7.79%
Other
17.34%
SMAX
Technology
47.75%
Finance
13.72%
Consumer Non-Cycl.
9.15%
Healthcare
9.04%
Industrials
8.29%
Other
12.05%
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Diversification
IVVM
Total weight of top 15 holdings out of 15
42.8%
SMAX
Total weight of top 15 holdings out of 15
45.2%
Top 15 holdings
Data as of June 30, 2026
IVVM
NVIDIA Corp.
7.36%
Apple, Inc.
6.45%
Microsoft Corp.
4.21%
Amazon.com, Inc.
3.54%
Alphabet, Inc.
3.18%
Broadcom Inc.
2.72%
Alphabet, Inc.
2.54%
Micron Technology, Inc.
1.98%
Meta Platforms, Inc.
1.88%
Tesla, Inc.
1.80%
BlackRock Cash Funds - Treasury
1.54%
Eli Lilly & Co.
1.44%
Advanced Micro Devices, Inc.
1.44%
Berkshire Hathaway, Inc.
1.39%
JPMorgan Chase & Co.
1.33%
SMAX
NVIDIA Corp.
7.83%
Apple, Inc.
6.87%
Microsoft Corp.
4.48%
Amazon.com, Inc.
3.77%
Alphabet, Inc.
3.39%
Broadcom Inc.
2.89%
Alphabet, Inc.
2.70%
Micron Technology, Inc.
2.10%
Meta Platforms, Inc.
2.00%
Tesla, Inc.
1.91%
Eli Lilly & Co.
1.53%
Advanced Micro Devices, Inc.
1.53%
Berkshire Hathaway, Inc.
1.48%
JPMorgan Chase & Co.
1.42%
BlackRock Cash Funds - Treasury
1.30%
Frequently asked questions about IVVM and SMAX
How have the IVVM and SMAX ETFs performed in 2026?
As of July 31, 2026, IVVM is up 6.86% year-to-date (YTD), while SMAX has returned 4.31%. That puts IVVM better performer ahead so far this year.
Which ETF is attracting more investor money: IVVM or SMAX?
Year-to-date, the IVVM ETF saw +$16M in flows, compared to -$33M for SMAX.
Which ETF is more volatile: IVVM or SMAX?
Over the past year, IVVM had a volatility of 7.45%, while SMAX experienced 2.87%.
Which ETF is bigger: IVVM or SMAX?
As of July 31, 2026, IVVM holds $175.25 M in assets under management (AUM), while SMAX manages $88.64 M.
What sectors do the IVVM and SMAX ETFs invest in?
IVVM leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SMAX focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the IVVM ETF and SMAX ETF?
IVVM top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SMAX holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: IVVM or SMAX?
IVVM holds 504 securities with 42.8% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.2%.
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