RWLCvsSMAXETF Comparison
ETF 1
RWLC
Rayliant Quantitative Developed Market Equity ETF
This fund is part of
Uncategorized Equities
+0.24%
VS
Rayliant Quantitative Developed Market Equity ETF (RWLC) belongs to the Uncategorized Equities 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. RWLC is less expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.53% for SMAX. RWLC is up 16.8% year-to-date (YTD) with -$32M in YTD flows. SMAX performs worse with 5.54% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of RWLC 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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RWLC 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. | RWLC SMAX | -0.21%+0.61% | +4.20%+2.04% | +16.80%+5.54% | +18.08%+7.32% | +89.85%n/a | n/an/a |
| Flows | RWLC SMAX | +$871K-$1M | -$5M-$4M | -$32M-$34M | -$29M+$515K | -$16M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RWLC SMAX | +9.65%+1.97% | +12.42%+2.77% | +13.23%n/a | n/an/a |
| Max drawdown | RWLC SMAX | -2.28%-0.43% | -8.74%-1.93% | -15.40%n/a | n/an/a |
| Max drawdown duration | RWLC SMAX | 15d15d | 75d44d | 85dn/a | n/an/a |
Trading data
RWLC | SMAX | |
Last sale 9/21/2026 at 1:30 PM | $37.36 | $28.37 |
| Previous close 09/18/2026 | $38.74 | $28.39 |
| Consolidated volume 09/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/21/2026 at 1:30 PM
Live
Closed
RWLC | SMAX | |
|---|---|---|
| Last price | $37.36 | $28.37 |
| 1D performance | -3.55% | -0.05% |
| AuM | $72.76 M | $88.55 M |
| E/R | 0.32% | 0.53% |
Characteristics
RWLC | SMAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Rayliant Asset Management | iShares |
| Benchmark | - | - |
| N° of holdings | 98 | 501 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 15, 2021 | September 30, 2024 |
| ESG | No | No |
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Exposure
Countries
RWLC
USA
97.24%
Other
2.76%
SMAX
USA
102.01%
Other
-2.01%
Sectors
RWLC
Technology
48.21%
Finance
13.47%
Healthcare
12.39%
Consumer Non-Cycl.
7.87%
Other
18.06%
SMAX
Technology
46.23%
Finance
14.48%
Healthcare
9.28%
Consumer Non-Cycl.
9.23%
Industrials
8.09%
Other
12.68%
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Diversification
RWLC
Total weight of top 15 holdings out of 15
45.66%
SMAX
Total weight of top 15 holdings out of 15
45.4%
Top 15 holdings
Data as of July 31, 2026
RWLC
Apple, Inc.
8.63%
NVIDIA Corp.
6.16%
Alphabet, Inc.
3.83%
Alphabet, Inc.
3.44%
Microsoft Corp.
2.78%
Mastercard, Inc.
2.66%
Micron Technology, Inc.
2.56%
Amazon.com, Inc.
2.49%
Lam Research Corp.
2.09%
Eli Lilly & Co.
2.04%
Adobe, Inc.
1.88%
Altria Group, Inc.
1.88%
Gilead Sciences, Inc.
1.83%
McKesson Corp.
1.70%
ExxonMobil Holdings Corp.
1.68%
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 RWLC and SMAX
How have the RWLC and SMAX ETFs performed in 2026?
As of September 18, 2026, RWLC is up 16.8% year-to-date (YTD), while SMAX has returned 5.54%. That puts RWLC better performer ahead so far this year.
Which ETF is attracting more investor money: RWLC or SMAX?
Year-to-date, the RWLC ETF saw -$32M in flows, compared to -$34M for SMAX.
Which ETF is more volatile: RWLC or SMAX?
Over the past year, RWLC had a volatility of 12.42%, while SMAX experienced 2.77%.
Which ETF is bigger: RWLC or SMAX?
As of September 18, 2026, RWLC holds $72.76 M in assets under management (AUM), while SMAX manages $88.55 M.
What sectors do the RWLC and SMAX ETFs invest in?
RWLC leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.
What are the top holdings of the RWLC ETF and SMAX ETF?
RWLC top holdings include Apple, Inc., NVIDIA Corp. and Alphabet, Inc.. SMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: RWLC or SMAX?
RWLC holds 100 securities with 45.66% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.
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