JUSAvsSMAXETF Comparison
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JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) belongs to the US Large Cap 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. JUSA is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.53% for SMAX. JUSA is up 12.04% year-to-date (YTD) with +$652M in YTD flows. SMAX performs worse with 5.33% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of JUSA 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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JUSA vs SMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JUSA SMAX | -1.20%+0.48% | +3.97%+2.16% | +12.04%+5.33% | +18.17%+7.42% | n/an/a | n/an/a |
| Flows | JUSA SMAX | -$2M-$1M | +$276M-$4M | +$652M-$34M | +$654M+$515K | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JUSA SMAX | +12.41%+2.31% | +12.61%+2.76% | n/an/a | n/an/a |
| Max drawdown | JUSA SMAX | -3.24%-0.49% | -8.92%-1.93% | n/an/a | n/an/a |
| Max drawdown duration | JUSA SMAX | 19d14d | 63d44d | n/an/a | n/an/a |
Trading data
JUSA | SMAX | |
Last sale 9/9/2026 at 1:30 PM | $68.54 | $28.34 |
| Previous close 09/08/2026 | $68.88 | $28.29 |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/9/2026 at 1:30 PM
Live
Closed
JUSA | SMAX | |
|---|---|---|
| Last price | $68.54 | $28.34 |
| 1D performance | -0.50% | +0.18% |
| AuM | $706.12 M | $88.37 M |
| E/R | 0.18% | 0.53% |
Characteristics
JUSA | SMAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | J.P. Morgan Asset Management | iShares |
| Benchmark | - | - |
| N° of holdings | 242 | 501 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 13, 2025 | September 30, 2024 |
| ESG | No | No |
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Exposure
Countries
JUSA
USA
95.84%
Other
4.16%
SMAX
USA
102.01%
Other
-2.01%
Sectors
JUSA
Technology
44.21%
Finance
14.62%
Healthcare
8.95%
Consumer Non-Cycl.
8.93%
Industrials
7.9%
Other
15.4%
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
JUSA
Total weight of top 15 holdings out of 15
44.46%
SMAX
Total weight of top 15 holdings out of 15
45.4%
Top 15 holdings
Data as of July 31, 2026
JUSA
NVIDIA Corp.
7.86%
Apple, Inc.
7.59%
Microsoft Corp.
4.99%
Amazon.com, Inc.
3.90%
Alphabet, Inc.
3.04%
Broadcom Inc.
2.97%
Alphabet, Inc.
2.41%
Meta Platforms, Inc.
2.21%
Micron Technology, Inc.
1.80%
ExxonMobil Holdings Corp.
1.34%
Eli Lilly & Co.
1.33%
Johnson & Johnson
1.29%
Berkshire Hathaway, Inc.
1.27%
Advanced Micro Devices, Inc.
1.26%
Visa, Inc.
1.19%
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 JUSA and SMAX
How have the JUSA and SMAX ETFs performed in 2026?
As of September 8, 2026, JUSA is up 12.04% year-to-date (YTD), while SMAX has returned 5.33%. That puts JUSA better performer ahead so far this year.
Which ETF is attracting more investor money: JUSA or SMAX?
Year-to-date, the JUSA ETF saw +$652M in flows, compared to -$34M for SMAX.
Which ETF is more volatile: JUSA or SMAX?
Over the past year, JUSA had a volatility of 12.61%, while SMAX experienced 2.76%.
Which ETF is bigger: JUSA or SMAX?
As of September 8, 2026, JUSA holds $706.12 M in assets under management (AUM), while SMAX manages $88.37 M.
What sectors do the JUSA and SMAX ETFs invest in?
JUSA leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.
What are the top holdings of the JUSA ETF and SMAX ETF?
JUSA 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: JUSA or SMAX?
JUSA holds 244 securities with 44.46% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.
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