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PBUSvsDMAXETF Comparison

ETF 1

PBUS

Invesco PureBeta MSCI USA ETF

This fund is part of

US Large Cap

-0.5%

Full PBUS fund page

VS

ETF 2

DMAX

iShares Large Cap Max Buffer Dec ETF

This fund is part of

Options Strategies

-0.3%

Full DMAX fund page

Invesco PureBeta MSCI USA ETF (PBUS) belongs to the US Large Cap segment. iShares Large Cap Max Buffer Dec ETF (DMAX) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. PBUS is less expensive with a Total Expense Ratio (TER) of 0.04%, versus 0.53% for DMAX. PBUS is up 12.1% year-to-date (YTD) with -$210M in YTD flows. DMAX performs worse with 4.09% YTD performance, and +$50M in YTD flows. Run a side-by-side ETF comparison of PBUS and DMAX 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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PBUS vs DMAX 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 09/14/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PBUS DMAX	-2.06%+0.26%	+1.22%+1.39%	+12.10%+4.09%	+16.08%+6.39%	+75.96%n/a	+80.04%n/a
Flows	PBUS DMAX	-$107M-$3M	+$90M-$2M	-$210M+$50M	+$1.88B+$46M	+$4.81B-	+$5.79B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PBUS DMAX	+11.42%+1.72%	+13.00%+2.23%	+15.23%n/a	+17.27%n/a
Max drawdown	PBUS DMAX	-3.31%-0.44%	-9.06%-1.47%	-19.13%n/a	-25.42%n/a
Max drawdown duration	PBUS DMAX	19d14d	77d44d	126dn/a	715dn/a

Trading data

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	PBUS	DMAX
Last sale 9/15/2026 at 1:30 PM	$75.97	$27.70
Previous close 09/14/2026	$76.31	$27.71
Consolidated volume 09/14/2026
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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DMAX

is actively managed and doesn’t replicate an index

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	PBUS	DMAX
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/15/2026 at 1:30 PM

Live

Closed

	PBUS	DMAX
Last price	$75.97	$27.70
1D performance	-0.45%	-0.04%
AuM	$11.56 B	$136.42 M
E/R	0.04%	0.53%

Characteristics

	PBUS	DMAX
Management strategy	Passive	Active
Provider	Invesco	iShares
Benchmark	MSCI USA Index	-
N° of holdings	524	501
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	September 22, 2017	December 31, 2024
ESG	No	No

More PBUS data on Trackinsight

More DMAX data on Trackinsight

Exposure

Countries

PBUS

USA

97.26%

Other

2.74%

DMAX

USA

101.93%

Other

-1.93%

Sectors

PBUS

Technology

43.38%

Finance

14.09%

Healthcare

9.46%

Consumer Non-Cycl.

9.14%

Industrials

7.99%

Other

15.94%

DMAX

Technology

46.39%

Finance

14.53%

Healthcare

9.31%

Consumer Non-Cycl.

9.26%

Industrials

8.12%

Other

12.39%

Diversification

PBUS

Total weight of top 15 holdings out of 15

41.85%

DMAX

Total weight of top 15 holdings out of 15

45.18%

Top 15 holdings

Data as of July 31, 2026

PBUS

Apple, Inc.

7.87%

NVIDIA Corp.

6.96%

Microsoft Corp.

4.37%

Amazon.com, Inc.

3.48%

Alphabet, Inc.

3.11%

Broadcom Inc.

2.64%

Alphabet, Inc.

2.46%

Meta Platforms, Inc.

2.04%

Eli Lilly & Co.

1.54%

JPMorgan Chase & Co.

1.47%

Tesla, Inc.

1.33%

Micron Technology, Inc.

1.32%

Berkshire Hathaway, Inc.

1.12%

Advanced Micro Devices, Inc.

1.11%

ExxonMobil Holdings Corp.

1.03%

DMAX

Apple, Inc.

7.92%

NVIDIA Corp.

7.64%

Microsoft Corp.

5.42%

Amazon.com, Inc.

3.73%

Alphabet, Inc.

3.17%

Broadcom Inc.

2.97%

Alphabet, Inc.

2.55%

Meta Platforms, Inc.

1.92%

Micron Technology, Inc.

1.60%

JPMorgan Chase & Co.

1.52%

Berkshire Hathaway, Inc.

1.51%

Eli Lilly & Co.

1.48%

Tesla, Inc.

1.41%

Advanced Micro Devices, Inc.

1.28%

ExxonMobil Holdings Corp.

1.05%

Frequently asked questions about PBUS and DMAX

PBUSvsDMAXETF Comparison

Invesco PureBeta MSCI USA ETF

iShares Large Cap Max Buffer Dec ETF

PBUS vs DMAX 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 PBUS and DMAX ETFs performed in 2026?

As of September 14, 2026, PBUS is up 12.1% year-to-date (YTD), while DMAX has returned 4.09%. That puts PBUS better performer ahead so far this year.

Which ETF is attracting more investor money: PBUS or DMAX?

Year-to-date, the PBUS ETF saw -$210M in flows, compared to +$50M for DMAX.

Which ETF is more volatile: PBUS or DMAX?

Over the past year, PBUS had a volatility of 13%, while DMAX experienced 2.23%.

Which ETF is bigger: PBUS or DMAX?

As of September 14, 2026, PBUS holds $11.56 B in assets under management (AUM), while DMAX manages $136.42 M.

What sectors do the PBUS and DMAX ETFs invest in?

PBUS leans toward sectors like Technology, Finance and Healthcare. Meanwhile, DMAX focuses on Technology, Finance and Healthcare.

What are the top holdings of the PBUS ETF and DMAX ETF?

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

Which ETF is more diversified: PBUS or DMAX?

PBUS holds 527 securities with 41.85% of its assets in the top 15. DMAX has 504 securities and a top 15 weight of 45.18%.

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