MODLvsSMAXETF Comparison
VS
VictoryShares WestEnd U.S. Sector ETF (MODL) 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. MODL is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.53% for SMAX. MODL is up 10.74% year-to-date (YTD) with +$242M in YTD flows. SMAX performs worse with 5.54% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of MODL 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
MODL vs SMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MODL SMAX | -0.38%+0.61% | +3.49%+2.04% | +10.74%+5.54% | +14.56%+7.32% | +74.10%n/a | n/an/a |
| Flows | MODL SMAX | -$3M-$1M | +$13M-$4M | +$242M-$34M | +$313M+$515K | +$558M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MODL SMAX | +10.48%+1.97% | +12.02%+2.77% | +14.19%n/a | n/an/a |
| Max drawdown | MODL SMAX | -2.83%-0.43% | -9.47%-1.93% | -17.64%n/a | n/an/a |
| Max drawdown duration | MODL SMAX | 15d15d | 72d44d | 124dn/a | n/an/a |
Trading data
MODL | SMAX | |
Last sale 9/18/2026 at 1:30 PM | $52.31 | $28.39 |
| Previous close 09/17/2026 | $52.32 | $28.37 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
MODL | SMAX | |
|---|---|---|
| Last price | $52.31 | $28.39 |
| 1D performance | -0.02% | +0.07% |
| AuM | $1.06 B | $88.55 M |
| E/R | 0.49% | 0.53% |
Characteristics
MODL | SMAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | VictoryShares | iShares |
| Benchmark | - | - |
| N° of holdings | 355 | 501 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 11, 2022 | September 30, 2024 |
| ESG | No | No |
Exposure
Countries
MODL
USA
96.65%
Other
3.35%
SMAX
USA
102.01%
Other
-2.01%
Sectors
MODL
Technology
39.4%
Finance
19.78%
Healthcare
17.86%
Other
22.96%
SMAX
Technology
46.23%
Finance
14.48%
Healthcare
9.28%
Consumer Non-Cycl.
9.23%
Industrials
8.09%
Other
12.68%
Advertisement
Diversification
MODL
Total weight of top 15 holdings out of 15
42.04%
SMAX
Total weight of top 15 holdings out of 15
45.4%
Top 15 holdings
Data as of July 31, 2026
MODL
NVIDIA Corp.
6.05%
Apple, Inc.
5.85%
Microsoft Corp.
4.38%
Alphabet, Inc.
3.35%
Alphabet, Inc.
2.92%
AbbVie, Inc.
2.68%
Broadcom Inc.
2.38%
JPMorgan Chase & Co.
2.32%
Amazon.com, Inc.
2.23%
Eli Lilly & Co.
2.12%
Meta Platforms, Inc.
1.94%
Berkshire Hathaway, Inc.
1.77%
Visa, Inc.
1.50%
Johnson & Johnson
1.32%
Amgen, Inc.
1.25%
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 MODL and SMAX
How have the MODL and SMAX ETFs performed in 2026?
As of September 18, 2026, MODL is up 10.74% year-to-date (YTD), while SMAX has returned 5.54%. That puts MODL better performer ahead so far this year.
Which ETF is attracting more investor money: MODL or SMAX?
Year-to-date, the MODL ETF saw +$242M in flows, compared to -$34M for SMAX.
Which ETF is more volatile: MODL or SMAX?
Over the past year, MODL had a volatility of 12.02%, while SMAX experienced 2.77%.
Which ETF is bigger: MODL or SMAX?
As of September 18, 2026, MODL holds $1.06 B in assets under management (AUM), while SMAX manages $88.55 M.
What sectors do the MODL and SMAX ETFs invest in?
MODL leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.
What are the top holdings of the MODL ETF and SMAX ETF?
MODL 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: MODL or SMAX?
MODL holds 361 securities with 42.04% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.
Advertisement
Advertisement
