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KOKUvsSMAXETF Comparison

ETF 1

KOKU

Xtrackers MSCI Kokusai Equity ETF

This fund is part of

DM Large & Mid Cap

+0.45%

Full KOKU fund page

VS

ETF 2

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

+0.51%

Full SMAX fund page

Xtrackers MSCI Kokusai Equity ETF (KOKU) belongs to the DM Large & Mid Cap segment. iShares Large Cap Max Buffer Sep ETF (SMAX) is part of the Options Strategies segment. KOKU's top 3 sector exposures are Technology, Finance and Industrials. In contrast, SMAX's top sector exposures are Technology, Finance and Healthcare. KOKU is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.53% for SMAX. KOKU is up 12.06% year-to-date (YTD) with +$14M in YTD flows. SMAX performs worse with 5.38% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of KOKU 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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KOKU vs SMAX performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	KOKU SMAX	-1.20%+0.51%	+4.03%+2.24%	+12.06%+5.38%	+17.18%+7.28%	+74.44%n/a	+73.53%n/a
Flows	KOKU SMAX	--$1M	-$7M-$4M	+$14M-$34M	+$20M+$515K	-$33M-	-$300M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	KOKU SMAX	+10.59%+2.14%	+12.02%+2.77%	+13.21%n/a	+15.54%n/a
Max drawdown	KOKU SMAX	-2.61%-0.49%	-8.84%-1.93%	-16.88%n/a	-25.88%n/a
Max drawdown duration	KOKU SMAX	29d14d	47d44d	104dn/a	708dn/a

Trading data

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	KOKU	SMAX
Last sale 9/11/2026 at 1:30 PM	$133.30	$28.33
Previous close 09/10/2026	$132.22	$28.28
Consolidated volume 09/10/2026
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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	KOKU	SMAX
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/11/2026 at 1:30 PM

Live

Closed

	KOKU	SMAX
Last price	$133.30	$28.33
1D performance	+0.82%	+0.17%
AuM	$807.27 M	$88.41 M
E/R	0.09%	0.53%

Characteristics

	KOKU	SMAX
Management strategy	Passive	Active
Provider	Xtrackers by DWS	iShares
Benchmark	MSCI Kokusai Index	-
N° of holdings	1104	501
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	April 8, 2020	September 30, 2024
ESG	No	No

More KOKU data on Trackinsight

More SMAX data on Trackinsight

Exposure

Countries

KOKU

USA

74.25%

Other

25.75%

SMAX

USA

102.01%

Other

-2.01%

Sectors

KOKU

Technology

35.08%

Finance

18.41%

Industrials

9.46%

Healthcare

9.44%

Consumer Non-Cycl.

8.73%

Other

18.87%

SMAX

Technology

46.23%

Finance

14.48%

Healthcare

9.28%

Consumer Non-Cycl.

9.23%

Industrials

8.09%

Other

12.68%

Diversification

KOKU

Total weight of top 15 holdings out of 15

31.99%

SMAX

Total weight of top 15 holdings out of 15

45.4%

Top 15 holdings

Data as of July 31, 2026

KOKU

Apple, Inc.

5.94%

NVIDIA Corp.

5.41%

Microsoft Corp.

3.30%

Amazon.com, Inc.

2.66%

Alphabet, Inc.

2.31%

Broadcom Inc.

2.04%

Alphabet, Inc.

1.83%

Meta Platforms, Inc.

1.55%

Eli Lilly & Co.

1.17%

JPMorgan Chase & Co.

1.14%

Micron Technology, Inc.

1.10%

Tesla, Inc.

1.03%

Advanced Micro Devices, Inc.

0.88%

Berkshire Hathaway, Inc.

0.85%

Johnson & Johnson

0.77%

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 KOKU and SMAX

KOKUvsSMAXETF Comparison

Xtrackers MSCI Kokusai Equity ETF

iShares Large Cap Max Buffer Sep ETF

KOKU 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 KOKU and SMAX ETFs performed in 2026?

As of September 11, 2026, KOKU is up 12.06% year-to-date (YTD), while SMAX has returned 5.38%. That puts KOKU better performer ahead so far this year.

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

Year-to-date, the KOKU ETF saw +$14M in flows, compared to -$34M for SMAX.

Which ETF is more volatile: KOKU or SMAX?

Over the past year, KOKU had a volatility of 12.02%, while SMAX experienced 2.77%.

Which ETF is bigger: KOKU or SMAX?

As of September 11, 2026, KOKU holds $807.27 M in assets under management (AUM), while SMAX manages $88.41 M.

What sectors do the KOKU and SMAX ETFs invest in?

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

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

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

Which ETF is more diversified: KOKU or SMAX?

KOKU holds 1117 securities with 31.99% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.

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