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SMAXvsTENDETF Comparison

ETF 1

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

-0.63%

Full SMAX fund page

VS

ETF 2

TEND

iShares Large Cap 10% Target Buffer Dec ETF

This fund is part of

Options Strategies

-0.63%

Full TEND fund page

iShares Large Cap Max Buffer Sep ETF (SMAX) and iShares Large Cap 10% Target Buffer Dec ETF (TEND) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. Both SMAX and TEND have the same Total Expense Ratio (TER) of 0.53%. SMAX is up 3.92% year-to-date (YTD) with -$33M in YTD flows. TEND performs better with 7.19% YTD performance, and +$36M in YTD flows. Run a side-by-side ETF comparison of SMAX and TEND 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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SMAX vs TEND 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 07/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SMAX TEND	+0.65%+0.83%	+1.94%+3.73%	+3.92%+7.19%	+7.63%n/a	n/an/a	n/an/a
Flows	SMAX TEND	-$3M+$4M	-$12M-$163M	-$33M+$36M	-$4M-	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SMAX TEND	+2.45%+7.36%	+2.81%n/a	n/an/a	n/an/a
Max drawdown	SMAX TEND	-0.70%-2.39%	-1.93%n/a	n/an/a	n/an/a
Max drawdown duration	SMAX TEND	10d30d	44dn/a	n/an/a	n/an/a

Trading data

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	SMAX	TEND
Last sale 7/17/2026 at 1:30 PM	$27.93	$27.25
Previous close 07/16/2026	$27.96	$27.41
Consolidated volume 07/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 7/17/2026 at 1:30 PM

Live

Closed

	SMAX	TEND
Last price	$27.93	$27.25
1D performance	-0.11%	-0.59%
AuM	$88.31 M	$68.64 M
E/R	0.53%	0.53%

Characteristics

	SMAX	TEND
Management strategy	Active	Active
Provider	iShares	iShares
Benchmark	-	-
N° of holdings	501	501
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	September 30, 2024	October 7, 2025
ESG	No	No

More SMAX data on Trackinsight

More TEND data on Trackinsight

Exposure

Countries

SMAX

USA

104.87%

Other

-4.87%

TEND

USA

100.05%

Other

-0.05%

Sectors

SMAX

Technology

49.73%

Finance

13.43%

Consumer Non-Cycl.

9.76%

Healthcare

8.61%

Industrials

8.06%

Other

10.4%

TEND

Technology

47.56%

Finance

12.84%

Consumer Non-Cycl.

9.34%

Healthcare

8.24%

Industrials

7.7%

Other

14.32%

Diversification

SMAX

Total weight of top 15 holdings out of 15

48.25%

TEND

Total weight of top 15 holdings out of 15

46.05%

Top 15 holdings

Data as of May 31, 2026

SMAX

NVIDIA Corp.

8.38%

Apple, Inc.

7.48%

Microsoft Corp.

5.46%

Amazon.com, Inc.

4.32%

Alphabet, Inc.

3.62%

Broadcom Inc.

3.46%

Alphabet, Inc.

2.87%

Meta Platforms, Inc.

2.26%

Tesla, Inc.

2.00%

Micron Technology, Inc.

1.78%

Eli Lilly & Co.

1.43%

Berkshire Hathaway, Inc.

1.42%

Advanced Micro Devices, Inc.

1.37%

JPMorgan Chase & Co.

1.32%

BlackRock Cash Funds - Treasury

1.09%

TEND

NVIDIA Corp.

8.01%

Apple, Inc.

7.15%

Microsoft Corp.

5.22%

Amazon.com, Inc.

4.13%

Alphabet, Inc.

3.46%

Broadcom Inc.

3.31%

Alphabet, Inc.

2.75%

Meta Platforms, Inc.

2.16%

Tesla, Inc.

1.91%

Micron Technology, Inc.

1.71%

Eli Lilly & Co.

1.37%

Berkshire Hathaway, Inc.

1.36%

Advanced Micro Devices, Inc.

1.31%

JPMorgan Chase & Co.

1.26%

Exxon Mobil Corp.

0.95%

Frequently asked questions about SMAX and TEND

How have the SMAX and TEND ETFs performed in 2026?

As of July 17, 2026, SMAX is up 3.92% year-to-date (YTD), while TEND has returned 7.19%. That puts TEND better performer ahead so far this year.

Which ETF is attracting more investor money: SMAX or TEND?

Year-to-date, the SMAX ETF saw -$33M in flows, compared to +$36M for TEND.

Which ETF is bigger: SMAX or TEND?

As of July 17, 2026, SMAX holds $88.31 M in assets under management (AUM), while TEND manages $68.64 M.

What sectors do the SMAX and TEND ETFs invest in?

SMAX leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, TEND focuses on Technology, Finance and Consumer Non-Cyclicals.

SMAXvsTENDETF Comparison

iShares Large Cap Max Buffer Sep ETF

iShares Large Cap 10% Target Buffer Dec ETF

SMAX vs TEND 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 SMAX and TEND ETFs performed in 2026?

As of July 17, 2026, SMAX is up 3.92% year-to-date (YTD), while TEND has returned 7.19%. That puts TEND better performer ahead so far this year.

Which ETF is attracting more investor money: SMAX or TEND?

Year-to-date, the SMAX ETF saw -$33M in flows, compared to +$36M for TEND.

Which ETF is bigger: SMAX or TEND?

As of July 17, 2026, SMAX holds $88.31 M in assets under management (AUM), while TEND manages $68.64 M.

What sectors do the SMAX and TEND ETFs invest in?

SMAX leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, TEND focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the SMAX ETF and TEND ETF?

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

Which ETF is more diversified: SMAX or TEND?

SMAX holds 504 securities with 48.25% of its assets in the top 15. TEND has 504 securities and a top 15 weight of 46.05%.

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