JOYTvsSMAXETF Comparison
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JPMorgan Equity and Options Total Return ETF (JOYT) 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 Healthcare. JOYT is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.53% for SMAX. JOYT is up 9.04% year-to-date (YTD) with +$46M in YTD flows. SMAX performs worse with 5.52% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of JOYT 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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JOYT vs SMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JOYT SMAX | -0.48%+0.55% | +4.50%+2.19% | +9.04%+5.52% | +16.06%+7.33% | n/an/a | n/an/a |
| Flows | JOYT SMAX | +$4M-$1M | +$13M-$4M | +$46M-$34M | +$58M+$515K | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JOYT SMAX | +8.46%+1.99% | +9.77%+2.77% | n/an/a | n/an/a |
| Max drawdown | JOYT SMAX | -2.13%-0.43% | -7.08%-1.93% | n/an/a | n/an/a |
| Max drawdown duration | JOYT SMAX | 15d15d | 85d44d | n/an/a | n/an/a |
Trading data
JOYT | SMAX | |
Last sale 9/18/2026 at 1:30 PM | $28.39 | |
| Previous close 09/17/2026 | $28.37 | |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
JOYT | SMAX | |
|---|---|---|
| Last price | – | $28.39 |
| 1D performance | – | +0.07% |
| AuM | $107.76 M | $88.53 M |
| E/R | 0.35% | 0.53% |
Characteristics
JOYT | SMAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | J.P. Morgan Asset Management | iShares |
| Benchmark | - | - |
| N° of holdings | 112 | 501 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 20, 2025 | September 30, 2024 |
| ESG | No | No |
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Exposure
Countries
JOYT
USA
95.46%
Other
4.54%
SMAX
USA
102.01%
Other
-2.01%
Sectors
JOYT
Technology
44%
Finance
14.9%
Healthcare
9.5%
Consumer Non-Cycl.
9.22%
Industrials
8.44%
Other
13.94%
SMAX
Technology
46.23%
Finance
14.48%
Healthcare
9.28%
Consumer Non-Cycl.
9.23%
Industrials
8.09%
Other
12.68%
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Diversification
JOYT
Total weight of top 15 holdings out of 15
49.37%
SMAX
Total weight of top 15 holdings out of 15
45.4%
Top 15 holdings
Data as of July 31, 2026
JOYT
NVIDIA Corp.
8.23%
Apple, Inc.
7.83%
Microsoft Corp.
5.19%
Alphabet, Inc.
4.88%
Amazon.com, Inc.
4.04%
Broadcom Inc.
2.65%
Meta Platforms, Inc.
2.56%
Micron Technology, Inc.
2.34%
Wells Fargo & Co.
2.28%
ExxonMobil Holdings Corp.
1.85%
Mastercard, Inc.
1.69%
AbbVie, Inc.
1.50%
Eli Lilly & Co.
1.47%
Advanced Micro Devices, Inc.
1.44%
Bank of America Corp.
1.44%
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 JOYT and SMAX
How have the JOYT and SMAX ETFs performed in 2026?
As of September 17, 2026, JOYT is up 9.04% year-to-date (YTD), while SMAX has returned 5.52%. That puts JOYT better performer ahead so far this year.
Which ETF is attracting more investor money: JOYT or SMAX?
Year-to-date, the JOYT ETF saw +$46M in flows, compared to -$34M for SMAX.
Which ETF is more volatile: JOYT or SMAX?
Over the past year, JOYT had a volatility of 9.77%, while SMAX experienced 2.77%.
Which ETF is bigger: JOYT or SMAX?
As of September 17, 2026, JOYT holds $107.76 M in assets under management (AUM), while SMAX manages $88.53 M.
What sectors do the JOYT and SMAX ETFs invest in?
JOYT leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.
What are the top holdings of the JOYT ETF and SMAX ETF?
JOYT top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: JOYT or SMAX?
JOYT holds 112 securities with 49.37% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.
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