SCHXvsSMAXETF Comparison
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Schwab U.S. Large-Cap ETF (SCHX) belongs to the US Large Cap 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. SCHX is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.53% for SMAX. SCHX is up 13.48% year-to-date (YTD) with +$2.75B in YTD flows. SMAX performs worse with 5.36% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of SCHX 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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SCHX vs SMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SCHX SMAX | -0.16%+0.63% | +2.06%+1.90% | +13.48%+5.36% | +19.43%+7.49% | +77.96%n/a | +78.21%n/a |
| Flows | SCHX SMAX | +$392M-$1M | +$420M-$7M | +$2.75B-$34M | +$3.87B+$515K | +$12.54B- | +$14.64B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCHX SMAX | +13.51%+2.42% | +12.94%+2.76% | +15.36%n/a | +17.44%n/a |
| Max drawdown | SCHX SMAX | -4.20%-0.64% | -9.01%-1.93% | -19.16%n/a | -25.39%n/a |
| Max drawdown duration | SCHX SMAX | 57d8d | 92d44d | 126dn/a | 715dn/a |
Trading data
SCHX | SMAX | |
Last sale 9/8/2026 at 6:20 PM | $30.26 | $28.30 |
| Previous close 09/04/2026 | $30.36 | $28.30 |
| Consolidated volume 09/04/2026 | ||
| 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 indexSCHX | SMAX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/8/2026 at 6:20 PM
Live
Closed
SCHX | SMAX | |
|---|---|---|
| Last price | $30.26 | $28.30 |
| 1D performance | -0.33% | +0.00% |
| AuM | $74.48 B | $88.39 M |
| E/R | 0.03% | 0.53% |
Characteristics
SCHX | SMAX | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Schwab ETFs | iShares |
| Benchmark | Dow Jones U.S. Large-Cap Total Stock Market Index | - |
| N° of holdings | 695 | 501 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 3, 2009 | September 30, 2024 |
| ESG | No | No |
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Exposure
Countries
SCHX
USA
97.63%
Other
2.37%
SMAX
USA
102.01%
Other
-2.01%
Sectors
SCHX
Technology
44.34%
Finance
14.25%
Healthcare
8.99%
Consumer Non-Cycl.
8.97%
Industrials
7.9%
Other
15.54%
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
SCHX
Total weight of top 15 holdings out of 15
43.1%
SMAX
Total weight of top 15 holdings out of 15
45.4%
Top 15 holdings
Data as of July 31, 2026
SCHX
Apple, Inc.
7.77%
NVIDIA Corp.
7.47%
Microsoft Corp.
4.53%
Amazon.com, Inc.
3.54%
Alphabet, Inc.
3.00%
Broadcom Inc.
2.82%
Alphabet, Inc.
2.41%
Meta Platforms, Inc.
2.02%
Micron Technology, Inc.
1.56%
JPMorgan Chase & Co.
1.49%
Eli Lilly & Co.
1.47%
Berkshire Hathaway, Inc.
1.40%
Tesla, Inc.
1.36%
Advanced Micro Devices, Inc.
1.25%
ExxonMobil Holdings Corp.
1.01%
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 SCHX and SMAX
How have the SCHX and SMAX ETFs performed in 2026?
As of September 4, 2026, SCHX is up 13.48% year-to-date (YTD), while SMAX has returned 5.36%. That puts SCHX better performer ahead so far this year.
Which ETF is attracting more investor money: SCHX or SMAX?
Year-to-date, the SCHX ETF saw +$2.75B in flows, compared to -$34M for SMAX.
Which ETF is more volatile: SCHX or SMAX?
Over the past year, SCHX had a volatility of 12.94%, while SMAX experienced 2.76%.
Which ETF is bigger: SCHX or SMAX?
As of September 4, 2026, SCHX holds $74.48 B in assets under management (AUM), while SMAX manages $88.39 M.
What sectors do the SCHX and SMAX ETFs invest in?
SCHX leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.
What are the top holdings of the SCHX ETF and SMAX ETF?
SCHX top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. SMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: SCHX or SMAX?
SCHX holds 696 securities with 43.1% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.
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