JPEFvsSMAXETF Comparison
VS
JPMorgan Equity Focus ETF (JPEF) belongs to the US Multi-Factor 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. JPEF is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.53% for SMAX. JPEF is up 10.11% year-to-date (YTD) with +$246M in YTD flows. SMAX performs worse with 5.6% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of JPEF 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
JPEF vs SMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/21/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JPEF SMAX | +1.04%+0.57% | +3.01%+2.11% | +10.11%+5.60% | +11.42%+7.28% | +75.73%n/a | n/an/a |
| Flows | JPEF SMAX | +$2M-$1M | +$23M-$4M | +$246M-$34M | +$259M+$3M | +$1.29B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JPEF SMAX | +12.04%+1.97% | +12.72%+2.77% | +15.01%n/a | n/an/a |
| Max drawdown | JPEF SMAX | -4.22%-0.43% | -8.20%-1.93% | -18.24%n/a | n/an/a |
| Max drawdown duration | JPEF SMAX | 16d15d | 48d44d | 155dn/a | n/an/a |
Trading data
JPEF | SMAX | |
Last sale 9/22/2026 at 1:30 PM | $82.32 | $28.40 |
| Previous close 09/21/2026 | $82.19 | $28.36 |
| Consolidated volume 09/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/22/2026 at 1:30 PM
Live
Closed
JPEF | SMAX | |
|---|---|---|
| Last price | $82.32 | $28.40 |
| 1D performance | +0.16% | +0.14% |
| AuM | $2.04 B | $88.59 M |
| E/R | 0.55% | 0.53% |
Characteristics
JPEF | SMAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | J.P. Morgan Asset Management | iShares |
| Benchmark | - | - |
| N° of holdings | 40 | 501 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 28, 2023 | September 30, 2024 |
| ESG | No | No |
Advertisement
Exposure
Countries
JPEF
USA
97.84%
Other
2.16%
SMAX
USA
102.01%
Other
-2.01%
Sectors
JPEF
Technology
43.62%
Finance
16.61%
Healthcare
8.78%
Industrials
8.76%
Other
22.24%
SMAX
Technology
46.23%
Finance
14.48%
Healthcare
9.28%
Consumer Non-Cycl.
9.23%
Industrials
8.09%
Other
12.68%
Advertisement
Diversification
JPEF
Total weight of top 15 holdings out of 15
58.46%
SMAX
Total weight of top 15 holdings out of 15
45.4%
Top 15 holdings
Data as of July 31, 2026
JPEF
NVIDIA Corp.
8.75%
Alphabet, Inc.
6.32%
Apple, Inc.
5.44%
Amazon.com, Inc.
4.32%
Broadcom Inc.
3.93%
Microsoft Corp.
3.37%
Johnson & Johnson
3.35%
Morgan Stanley
3.28%
United Rentals, Inc.
3.07%
Analog Devices, Inc.
2.98%
Loews Corp.
2.97%
M&T Bank Corp.
2.83%
Advanced Micro Devices, Inc.
2.67%
NextEra Energy, Inc.
2.65%
Capital One Financial Corp.
2.52%
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 JPEF and SMAX
How have the JPEF and SMAX ETFs performed in 2026?
As of September 21, 2026, JPEF is up 10.11% year-to-date (YTD), while SMAX has returned 5.6%. That puts JPEF better performer ahead so far this year.
Which ETF is attracting more investor money: JPEF or SMAX?
Year-to-date, the JPEF ETF saw +$246M in flows, compared to -$34M for SMAX.
Which ETF is more volatile: JPEF or SMAX?
Over the past year, JPEF had a volatility of 12.72%, while SMAX experienced 2.77%.
Which ETF is bigger: JPEF or SMAX?
As of September 21, 2026, JPEF holds $2.04 B in assets under management (AUM), while SMAX manages $88.59 M.
What sectors do the JPEF and SMAX ETFs invest in?
JPEF leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.
What are the top holdings of the JPEF ETF and SMAX ETF?
JPEF top holdings include NVIDIA Corp., Alphabet, Inc. and Apple, Inc.. SMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: JPEF or SMAX?
JPEF holds 40 securities with 58.46% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.
Advertisement
Advertisement
