SMAXvsBWVTFETF Comparison
VS
iShares Large Cap Max Buffer Sep ETF (SMAX) and iPath CBOE S&P 500 BuyWrite Index ETN (BWVTF) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. SMAX is less expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.75% for BWVTF. SMAX is up 5.13% year-to-date (YTD) with -$34M in YTD flows. BWVTF performs better with 9.82% YTD performance, and -$126K in YTD flows. Run a side-by-side ETF comparison of SMAX and BWVTF 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
SMAX vs BWVTF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMAX BWVTF | +0.57%+0.69% | +1.65%+4.36% | +5.13%+9.82% | +7.57%+19.97% | n/a+46.29% | n/a+48.37% |
| Flows | SMAX BWVTF | -$1M- | -$7M- | -$34M-$126K | +$515K-$841K | --$841K | --$1M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMAX BWVTF | +2.43%+7.23% | +2.77%+7.52% | n/a+11.15% | n/a+12.31% |
| Max drawdown | SMAX BWVTF | -0.70%-2.20% | -1.93%-5.71% | n/a-16.79% | n/a-19.88% |
| Max drawdown duration | SMAX BWVTF | 10d8d | 44d62d | n/a240d | n/a686d |
Trading data
SMAX | BWVTF | |
Last sale 9/2/2026 at 3:24 PM | $28.29 | |
| Previous close 09/01/2026 | $28.24 | |
| Consolidated volume 09/01/2026 | ||
| 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
Create an account to view replication metrics
Join for free
SMAX
is actively managed and doesn’t replicate an indexSMAX | BWVTF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/2/2026 at 3:24 PM
Live
Closed
SMAX | BWVTF | |
|---|---|---|
| Last price | $28.29 | – |
| 1D performance | +0.16% | – |
| AuM | $88.21 M | $1.55 M |
| E/R | 0.53% | 0.75% |
Advertisement
Exposure
Countries
SMAX
USA
100.92%
Other
-0.92%
BWVTF
USA
97.04%
Other
2.96%
Sectors
SMAX
Technology
46.23%
Finance
14.48%
Healthcare
9.28%
Consumer Non-Cycl.
9.23%
Industrials
7.84%
Other
12.94%
BWVTF
Technology
44.19%
Finance
14.31%
Healthcare
9.37%
Consumer Non-Cycl.
9.14%
Industrials
7.65%
Other
15.35%
Advertisement
Diversification
SMAX
Total weight of top 15 holdings out of 15
45.4%
BWVTF
Total weight of top 15 holdings out of 15
43.4%
Top 15 holdings
Data as of July 31, 2026
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%
BWVTF
Apple, Inc.
7.95%
NVIDIA Corp.
7.36%
Microsoft Corp.
4.64%
Amazon.com, Inc.
3.55%
Alphabet, Inc.
3.16%
Broadcom Inc.
2.80%
Alphabet, Inc.
2.54%
Meta Platforms, Inc.
2.06%
Eli Lilly & Co.
1.53%
Berkshire Hathaway, Inc.
1.49%
JPMorgan Chase & Co.
1.48%
Tesla, Inc.
1.34%
Micron Technology, Inc.
1.33%
Advanced Micro Devices, Inc.
1.12%
US30233Q1085
1.04%
Frequently asked questions about SMAX and BWVTF
How have the SMAX and BWVTF ETFs performed in 2026?
As of September 1, 2026, SMAX is up 5.13% year-to-date (YTD), while BWVTF has returned 9.82%. That puts BWVTF better performer ahead so far this year.
Which ETF is attracting more investor money: SMAX or BWVTF?
Year-to-date, the SMAX ETF saw -$34M in flows, compared to -$126K for BWVTF.
Which ETF is more volatile: SMAX or BWVTF?
Over the past year, SMAX had a volatility of 2.77%, while BWVTF experienced 7.52%.
Which ETF is bigger: SMAX or BWVTF?
As of September 1, 2026, SMAX holds $88.21 M in assets under management (AUM), while BWVTF manages $1.55 M.
What sectors do the SMAX and BWVTF ETFs invest in?
SMAX leans toward sectors like Technology, Finance and Healthcare. Meanwhile, BWVTF focuses on Technology, Finance and Healthcare.
What are the top holdings of the SMAX ETF and BWVTF ETF?
SMAX top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. BWVTF holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: SMAX or BWVTF?
SMAX holds 504 securities with 45.4% of its assets in the top 15. BWVTF has 503 securities and a top 15 weight of 43.4%.
Advertisement
Advertisement
