SEPIvsDMAXETF Comparison
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Shelton Equity Premium Income ETF (SEPI) and iShares Large Cap Max Buffer Dec ETF (DMAX) belong to the same industry segment: Options Strategies. SEPI's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, DMAX's top sector exposures are Technology, Finance and Healthcare. SEPI is more expensive with a Total Expense Ratio (TER) of 0.54%, versus 0.53% for DMAX. SEPI is up 14.96% year-to-date (YTD) with +$120M in YTD flows. DMAX performs worse with 4.14% YTD performance, and +$50M in YTD flows. Run a side-by-side ETF comparison of SEPI 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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SEPI vs DMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SEPI DMAX | +1.02%+0.37% | +6.03%+1.79% | +14.96%+4.14% | +23.15%+6.76% | n/an/a | n/an/a |
| Flows | SEPI DMAX | +$15M-$3M | +$50M-$2M | +$120M+$50M | +$175M+$45M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SEPI DMAX | +11.52%+1.88% | +11.62%+2.22% | n/an/a | n/an/a |
| Max drawdown | SEPI DMAX | -3.45%-0.44% | -8.47%-1.47% | n/an/a | n/an/a |
| Max drawdown duration | SEPI DMAX | 16d14d | 72d44d | n/an/a | n/an/a |
Trading data
SEPI | DMAX | |
Last sale 9/10/2026 at 1:30 PM | $27.67 | |
| Previous close 09/09/2026 | $27.67 | |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
SEPI | DMAX | |
|---|---|---|
| Last price | – | $27.67 |
| 1D performance | – | -0.01% |
| AuM | $189.14 M | $136.48 M |
| E/R | 0.54% | 0.53% |
Characteristics
SEPI | DMAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Shelton Capital Management | iShares |
| Benchmark | - | - |
| N° of holdings | 40 | 501 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 5, 2025 | December 31, 2024 |
| ESG | No | No |
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Exposure
Countries
SEPI
USA
102.07%
Other
-2.07%
DMAX
USA
101.93%
Other
-1.93%
Sectors
SEPI
Technology
44.6%
Finance
14.86%
Consumer Non-Cycl.
12.63%
Industrials
9.05%
Healthcare
8.17%
Other
10.68%
DMAX
Technology
46.39%
Finance
14.53%
Healthcare
9.31%
Consumer Non-Cycl.
9.26%
Industrials
8.12%
Other
12.39%
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Diversification
SEPI
Total weight of top 15 holdings out of 15
62.83%
DMAX
Total weight of top 15 holdings out of 15
45.18%
Top 15 holdings
Data as of July 31, 2026
SEPI
Advanced Micro Devices, Inc.
6.40%
Apple, Inc.
5.79%
Caterpillar, Inc.
5.71%
Alphabet, Inc.
4.83%
Micron Technology, Inc.
4.83%
Microsoft Corp.
4.41%
NVIDIA Corp.
4.19%
The Goldman Sachs Group, Inc.
4.08%
Amazon.com, Inc.
3.97%
ExxonMobil Holdings Corp.
3.63%
Johnson & Johnson
3.46%
Broadcom Inc.
3.29%
Meta Platforms, Inc.
2.86%
Merck & Co., Inc.
2.80%
eBay, Inc.
2.61%
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 SEPI and DMAX
How have the SEPI and DMAX ETFs performed in 2026?
As of September 9, 2026, SEPI is up 14.96% year-to-date (YTD), while DMAX has returned 4.14%. That puts SEPI better performer ahead so far this year.
Which ETF is attracting more investor money: SEPI or DMAX?
Year-to-date, the SEPI ETF saw +$120M in flows, compared to +$50M for DMAX.
Which ETF is more volatile: SEPI or DMAX?
Over the past year, SEPI had a volatility of 11.62%, while DMAX experienced 2.22%.
Which ETF is bigger: SEPI or DMAX?
As of September 9, 2026, SEPI holds $189.14 M in assets under management (AUM), while DMAX manages $136.48 M.
What sectors do the SEPI and DMAX ETFs invest in?
SEPI leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, DMAX focuses on Technology, Finance and Healthcare.
What are the top holdings of the SEPI ETF and DMAX ETF?
SEPI top holdings include Advanced Micro Devices, Inc., Apple, Inc. and Caterpillar, Inc.. DMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: SEPI or DMAX?
SEPI holds 40 securities with 62.83% of its assets in the top 15. DMAX has 504 securities and a top 15 weight of 45.18%.
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Latest news about SEPI & DMAX
Ask the Manager: Barry Martin on the New Era of Equity-Income Strategies
December 17, 2025
SEPI
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