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LFEQvsSMAXETF Comparison

ETF 1

LFEQ

VanEck Long/Flat Trend ETF

This fund is part of

Multi-Asset: Other

+0.22%

Full LFEQ fund page

VS

ETF 2

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

+0.3%

Full SMAX fund page

VanEck Long/Flat Trend ETF (LFEQ) belongs to the Multi-Asset: Other segment. iShares Large Cap Max Buffer Sep ETF (SMAX) is part of the Options Strategies segment. LFEQ's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, SMAX's top sector exposures are Technology, Finance and Healthcare. LFEQ is more expensive with a Total Expense Ratio (TER) of 0.83%, versus 0.53% for SMAX. LFEQ is up 12.39% year-to-date (YTD) with -$1M in YTD flows. SMAX performs worse with 5.21% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of LFEQ 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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LFEQ vs SMAX performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	LFEQ SMAX	+0.96%+0.64%	+0.88%+1.71%	+12.39%+5.21%	+20.18%+7.65%	+59.48%n/a	+51.52%n/a
Flows	LFEQ SMAX	--$1M	-$1M-$7M	-$1M-$34M	-$3M+$515K	-$15M-	-$19M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	LFEQ SMAX	+13.52%+2.44%	+12.64%+2.76%	+14.44%n/a	+14.47%n/a
Max drawdown	LFEQ SMAX	-4.48%-0.70%	-8.98%-1.93%	-18.71%n/a	-25.50%n/a
Max drawdown duration	LFEQ SMAX	62d10d	77d44d	189dn/a	787dn/a

Trading data

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	LFEQ	SMAX
Last sale 9/2/2026 at 1:30 PM	$60.83	$28.31
Previous close 09/02/2026	$60.51	$28.26
Consolidated volume 09/02/2026
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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	LFEQ	SMAX
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	LFEQ	SMAX
Last price	$60.83	$28.31
1D performance	+0.52%	+0.16%
AuM	$28.90 M	$88.27 M
E/R	0.83%	0.53%

Characteristics

	LFEQ	SMAX
Management strategy	Passive	Active
Provider	VanEck	iShares
Benchmark	Ned Davis Research CMG US Large Cap Long/Flat Index	-
N° of holdings	495	496
Asset class	Alternative	-
Trailing 12m distribution yield	Join	Join
Inception date	April 10, 2017	September 30, 2024
ESG	No	No

More LFEQ data on Trackinsight

More SMAX data on Trackinsight

Exposure

Countries

LFEQ

USA

96.39%

Other

3.61%

SMAX

USA

100.92%

Other

-0.92%

Sectors

LFEQ

Technology

44.7%

Finance

13.84%

Consumer Non-Cycl.

9.41%

Healthcare

8.88%

Industrials

7.61%

Other

15.56%

SMAX

Technology

46.23%

Finance

14.48%

Healthcare

9.28%

Consumer Non-Cycl.

9.23%

Industrials

7.84%

Other

12.94%

Diversification

LFEQ

Total weight of top 15 holdings out of 15

44.02%

SMAX

Total weight of top 15 holdings out of 15

45.4%

Top 15 holdings

Data as of July 31, 2026

LFEQ

NVIDIA Corp.

7.55%

Apple, Inc.

7.04%

Microsoft Corp.

5.36%

Amazon.com, Inc.

4.13%

Alphabet, Inc.

3.24%

Broadcom Inc.

2.86%

Alphabet, Inc.

2.62%

Meta Platforms, Inc.

1.90%

JPMorgan Chase & Co.

1.46%

Berkshire Hathaway, Inc.

1.46%

Micron Technology, Inc.

1.44%

Eli Lilly & Co.

1.41%

Tesla, Inc.

1.36%

Advanced Micro Devices, Inc.

1.21%

US30233Q1085

1.00%

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 LFEQ and SMAX

LFEQvsSMAXETF Comparison

VanEck Long/Flat Trend ETF

iShares Large Cap Max Buffer Sep ETF

LFEQ 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 LFEQ and SMAX ETFs performed in 2026?

As of September 2, 2026, LFEQ is up 12.39% year-to-date (YTD), while SMAX has returned 5.21%. That puts LFEQ better performer ahead so far this year.

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

Year-to-date, the LFEQ ETF saw -$1M in flows, compared to -$34M for SMAX.

Which ETF is more volatile: LFEQ or SMAX?

Over the past year, LFEQ had a volatility of 12.64%, while SMAX experienced 2.76%.

Which ETF is bigger: LFEQ or SMAX?

As of September 2, 2026, LFEQ holds $28.90 M in assets under management (AUM), while SMAX manages $88.27 M.

What sectors do the LFEQ and SMAX ETFs invest in?

LFEQ leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.

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

LFEQ 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: LFEQ or SMAX?

LFEQ holds 503 securities with 44.02% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.

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