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MMAXvsSMAXETF Comparison

ETF 1

MMAX

iShares Large Cap Max Buffer Mar ETF

This fund is part of

Options Strategies

-0.1%

Full MMAX fund page

VS

ETF 2

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

-0.1%

Full SMAX fund page

iShares Large Cap Max Buffer Mar ETF (MMAX) 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: Information Technology, Financials and Communication Services. Both MMAX and SMAX have the same Total Expense Ratio (TER) of 0.53%. MMAX is up 2.53% year-to-date (YTD) with +$37M in YTD flows. SMAX performs worse with 2.28% YTD performance, and -$23M in YTD flows. Run a side-by-side ETF comparison of MMAX 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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MMAX vs SMAX performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 05/04/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MMAX SMAX	+1.17%+2.18%	+2.07%+1.75%	+2.53%+2.28%	+8.33%+10.20%	n/an/a	n/an/a
Flows	MMAX SMAX	+$9M-$10M	+$37M-$23M	+$37M-$23M	+$38M-$939K	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MMAX SMAX	+1.38%+3.59%	+1.64%+3.29%	n/an/a	n/an/a
Max drawdown	MMAX SMAX	-0.13%-1.93%	-0.45%-1.93%	n/an/a	n/an/a
Max drawdown duration	MMAX SMAX	4d44d	4d44d	n/an/a	n/an/a

Trading data

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	MMAX	SMAX
Last sale 5/5/2026 at 1:30 PM	$26.92	$27.54
Previous close 05/04/2026	$26.88	$27.49
Consolidated volume 05/04/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 5/5/2026 at 1:30 PM

Live

Closed

	MMAX	SMAX
Last price	$26.92	$27.54
1D performance	+0.15%	+0.16%
AuM	$72.01 M	$96.81 M
E/R	0.53%	0.53%

Characteristics

	MMAX	SMAX
Management strategy	Active	Active
Provider	iShares	iShares
Benchmark	-	-
N° of holdings	478	478
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	April 4, 2025	September 30, 2024
ESG	No	No

More MMAX data on Trackinsight

More SMAX data on Trackinsight

Exposure

Countries

MMAX

USA

95.27%

Other

4.73%

SMAX

USA

92.7%

Other

7.3%

Sectors

MMAX

Information Techn.

32.72%

Financials

10.02%

Communication Ser.

9.87%

Consumer Discreti.

9.66%

Health Care

8.99%

Industrials

8.03%

Other

20.71%

SMAX

Information Techn.

32.07%

Financials

9.82%

Communication Ser.

9.67%

Consumer Discreti.

9.46%

Health Care

8.81%

Industrials

7.87%

Other

22.3%

Diversification

MMAX

Total weight of top 15 holdings out of 15

41.83%

SMAX

Total weight of top 15 holdings out of 15

40.33%

Top 15 holdings

Data as of March 31, 2026

MMAX

NVIDIA

7.31%

APPLE

6.42%

MICROSOFT-T

4.74%

AMAZON.COM INC

3.51%

ALPHABET INC-CL

2.89%

BROADCOM LIMITED

2.53%

ALPHABET INC-CL

2.31%

META PLATFORMS

2.16%

TESLA

1.80%

US0669224778

1.79%

BERKSHIRE HATHWAY

1.52%

JPMORGAN CHASE

1.37%

LILLY

1.26%

EXXON

1.22%

JOHNSON&JOHNSON

1.02%

SMAX

NVIDIA

7.16%

APPLE

6.30%

MICROSOFT-T

4.64%

AMAZON.COM INC

3.44%

ALPHABET INC-CL

2.83%

BROADCOM LIMITED

2.48%

ALPHABET INC-CL

2.27%

META PLATFORMS

2.11%

TESLA

1.77%

BERKSHIRE HATHWAY

1.48%

JPMORGAN CHASE

1.34%

LILLY

1.23%

EXXON

1.20%

US0669224778

1.09%

JOHNSON&JOHNSON

1.00%

Frequently asked questions about MMAX and SMAX

How have the MMAX and SMAX ETFs performed in 2026?

As of May 4, 2026, MMAX is up 2.53% year-to-date (YTD), while SMAX has returned 2.28%. That puts MMAX better performer ahead so far this year.

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

Year-to-date, the MMAX ETF saw +$37M in flows, compared to -$23M for SMAX.

Which ETF is more volatile: MMAX or SMAX?

Over the past year, MMAX had a volatility of 1.64%, while SMAX experienced 3.29%.

Which ETF is bigger: MMAX or SMAX?

As of May 4, 2026, MMAX holds $72.01 M in assets under management (AUM), while SMAX manages $96.81 M.

What sectors do the MMAX and SMAX ETFs invest in?

MMAX leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, SMAX focuses on Information Technology, Financials and Communication Services.

MMAXvsSMAXETF Comparison

iShares Large Cap Max Buffer Mar ETF

iShares Large Cap Max Buffer Sep ETF

MMAX 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 MMAX and SMAX ETFs performed in 2026?

As of May 4, 2026, MMAX is up 2.53% year-to-date (YTD), while SMAX has returned 2.28%. That puts MMAX better performer ahead so far this year.

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

Year-to-date, the MMAX ETF saw +$37M in flows, compared to -$23M for SMAX.

Which ETF is more volatile: MMAX or SMAX?

Over the past year, MMAX had a volatility of 1.64%, while SMAX experienced 3.29%.

Which ETF is bigger: MMAX or SMAX?

As of May 4, 2026, MMAX holds $72.01 M in assets under management (AUM), while SMAX manages $96.81 M.

What sectors do the MMAX and SMAX ETFs invest in?

MMAX leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, SMAX focuses on Information Technology, Financials and Communication Services.

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

MMAX top holdings include NVIDIA, APPLE and MICROSOFT-T. SMAX holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: MMAX or SMAX?

MMAX holds 504 securities with 41.83% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 40.33%.

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