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SMAXvsTENMETF 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

TENM

iShares Large Cap 10% Target Buffer Mar ETF

This fund is part of

Options Strategies

-0.63%

Full TENM fund page

iShares Large Cap Max Buffer Sep ETF (SMAX) and iShares Large Cap 10% Target Buffer Mar ETF (TENM) 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 TENM have the same Total Expense Ratio (TER) of 0.53%. SMAX is up 3.92% year-to-date (YTD) with -$33M in YTD flows. TENM performs better with 6.43% YTD performance, and -$139M in YTD flows. Run a side-by-side ETF comparison of SMAX and TENM 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 TENM 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 TENM	+0.65%+0.77%	+1.94%+3.06%	+3.92%+6.43%	+7.63%n/a	n/an/a	n/an/a
Flows	SMAX TENM	-$3M-$2M	-$12M-$5M	-$33M-$139M	-$4M-	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SMAX TENM	+2.45%+5.71%	+2.81%n/a	n/an/a	n/an/a
Max drawdown	SMAX TENM	-0.70%-1.82%	-1.93%n/a	n/an/a	n/an/a
Max drawdown duration	SMAX TENM	10d10d	44dn/a	n/an/a	n/an/a

Trading data

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	SMAX	TENM
Last sale 7/17/2026 at 1:30 PM	$27.93	$27.05
Previous close 07/16/2026	$27.96	$27.13
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	TENM
Last price	$27.93	$27.05
1D performance	-0.11%	-0.31%
AuM	$88.31 M	$45.42 M
E/R	0.53%	0.53%

Characteristics

	SMAX	TENM
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 21, 2025
ESG	No	No

More SMAX data on Trackinsight

More TENM data on Trackinsight

Exposure

Countries

SMAX

USA

104.87%

Other

-4.87%

TENM

USA

103.48%

Other

-3.48%

Sectors

SMAX

Technology

49.73%

Finance

13.43%

Consumer Non-Cycl.

9.76%

Healthcare

8.61%

Industrials

8.06%

Other

10.4%

TENM

Technology

49.19%

Finance

13.28%

Consumer Non-Cycl.

9.66%

Healthcare

8.52%

Industrials

7.97%

Other

11.38%

Diversification

SMAX

Total weight of top 15 holdings out of 15

48.25%

TENM

Total weight of top 15 holdings out of 15

47.63%

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%

TENM

NVIDIA Corp.

8.28%

Apple, Inc.

7.40%

Microsoft Corp.

5.40%

Amazon.com, Inc.

4.27%

Alphabet, Inc.

3.58%

Broadcom Inc.

3.42%

Alphabet, Inc.

2.84%

Meta Platforms, Inc.

2.23%

Tesla, Inc.

1.98%

Micron Technology, Inc.

1.76%

Eli Lilly & Co.

1.41%

Berkshire Hathaway, Inc.

1.40%

Advanced Micro Devices, Inc.

1.36%

JPMorgan Chase & Co.

1.30%

Exxon Mobil Corp.

0.98%

Frequently asked questions about SMAX and TENM

How have the SMAX and TENM ETFs performed in 2026?

As of July 17, 2026, SMAX is up 3.92% year-to-date (YTD), while TENM has returned 6.43%. That puts TENM better performer ahead so far this year.

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

Year-to-date, the SMAX ETF saw -$33M in flows, compared to -$139M for TENM.

Which ETF is bigger: SMAX or TENM?

As of July 17, 2026, SMAX holds $88.31 M in assets under management (AUM), while TENM manages $45.42 M.

What sectors do the SMAX and TENM ETFs invest in?

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

SMAXvsTENMETF Comparison

iShares Large Cap Max Buffer Sep ETF

iShares Large Cap 10% Target Buffer Mar ETF

SMAX vs TENM 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 TENM ETFs performed in 2026?

As of July 17, 2026, SMAX is up 3.92% year-to-date (YTD), while TENM has returned 6.43%. That puts TENM better performer ahead so far this year.

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

Year-to-date, the SMAX ETF saw -$33M in flows, compared to -$139M for TENM.

Which ETF is bigger: SMAX or TENM?

As of July 17, 2026, SMAX holds $88.31 M in assets under management (AUM), while TENM manages $45.42 M.

What sectors do the SMAX and TENM ETFs invest in?

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

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

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

Which ETF is more diversified: SMAX or TENM?

SMAX holds 504 securities with 48.25% of its assets in the top 15. TENM has 504 securities and a top 15 weight of 47.63%.

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