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SMAXvsTWOXETF Comparison

ETF 1

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

-0.04%

Full SMAX fund page

VS

ETF 2

TWOX

iShares Large Cap Accelerated Outcome ETF

This fund is part of

Options Strategies

-0.04%

Full TWOX fund page

iShares Large Cap Max Buffer Sep ETF (SMAX) and iShares Large Cap Accelerated Outcome ETF (TWOX) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. Both SMAX and TWOX have the same Total Expense Ratio (TER) of 0.53%. SMAX is up 2.13% year-to-date (YTD) with -$22M in YTD flows. TWOX performs worse with 0.57% YTD performance, and -$8M in YTD flows. Run a side-by-side ETF comparison of SMAX and TWOX 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 TWOX 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 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SMAX TWOX	+2.92%+8.29%	+1.39%-1.28%	+2.13%+0.57%	+10.72%+22.58%	n/an/a	n/an/a
Flows	SMAX TWOX	-$12M-$7M	-$22M-$7M	-$22M-$8M	-$850K+$161K	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SMAX TWOX	+3.56%+14.55%	+3.33%+11.11%	n/an/a	n/an/a
Max drawdown	SMAX TWOX	-1.93%-9.54%	-1.93%-9.54%	n/an/a	n/an/a
Max drawdown duration	SMAX TWOX	44d61d	44d61d	n/an/a	n/an/a

Trading data

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	SMAX	TWOX
Last sale 4/28/2026 at 1:30 PM	$27.41	$28.26
Previous close 04/27/2026	$27.46	$28.22
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/28/2026 at 1:30 PM

Live

Closed

	SMAX	TWOX
Last price	$27.41	$28.26
1D performance	-0.17%	+0.14%
AuM	$97.76 M	$15.83 M
E/R	0.53%	0.53%

Characteristics

	SMAX	TWOX
Management strategy	Active	Active
Provider	iShares	iShares
Benchmark	-	-
N° of holdings	478	478
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	September 30, 2024	January 15, 2025
ESG	No	No

More SMAX data on Trackinsight

More TWOX data on Trackinsight

Exposure

Countries

SMAX

USA

92.7%

Other

7.3%

TWOX

USA

96.81%

Other

3.19%

Sectors

SMAX

Information Techn.

32.07%

Financials

9.82%

Communication Ser.

9.67%

Consumer Discreti.

9.46%

Health Care

8.81%

Industrials

7.87%

Other

22.3%

TWOX

Information Techn.

33.5%

Financials

10.25%

Communication Ser.

10.1%

Consumer Discreti.

9.89%

Health Care

9.2%

Industrials

8.22%

Other

18.84%

Diversification

SMAX

Total weight of top 15 holdings out of 15

40.33%

TWOX

Total weight of top 15 holdings out of 15

42.1%

Top 15 holdings

Data as of March 31, 2026

SMAX

NVIDIA

7.16%

APPLE

6.30%

MICROSOFT-T

4.64%

AMAZON.COM INC

3.44%

ALPHABET INC-CL

2.83%

BROADCOM LIMITED

2.48%

ALPHABET INC-CL

2.27%

META PLATFORMS

2.11%

TESLA

1.77%

BERKSHIRE HATHWAY

1.48%

JPMORGAN CHASE

1.34%

LILLY

1.23%

EXXON

1.20%

US0669224778

1.09%

JOHNSON&JOHNSON

1.00%

TWOX

NVIDIA

7.48%

APPLE

6.58%

MICROSOFT-T

4.85%

AMAZON.COM INC

3.59%

ALPHABET INC-CL

2.95%

BROADCOM LIMITED

2.59%

ALPHABET INC-CL

2.37%

META PLATFORMS

2.21%

TESLA

1.85%

BERKSHIRE HATHWAY

1.55%

JPMORGAN CHASE

1.40%

LILLY

1.29%

EXXON

1.25%

US0669224778

1.11%

JOHNSON&JOHNSON

1.04%

Frequently asked questions about SMAX and TWOX

How have the SMAX and TWOX ETFs performed in 2026?

As of April 27, 2026, SMAX is up 2.13% year-to-date (YTD), while TWOX has returned 0.57%. That puts SMAX better performer ahead so far this year.

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

Year-to-date, the SMAX ETF saw -$22M in flows, compared to -$8M for TWOX.

Which ETF is more volatile: SMAX or TWOX?

Over the past year, SMAX had a volatility of 3.33%, while TWOX experienced 11.11%.

Which ETF is bigger: SMAX or TWOX?

As of April 27, 2026, SMAX holds $97.76 M in assets under management (AUM), while TWOX manages $15.83 M.

What sectors do the SMAX and TWOX ETFs invest in?

SMAX leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, TWOX focuses on Information Technology, Financials and Communication Services.

SMAXvsTWOXETF Comparison

iShares Large Cap Max Buffer Sep ETF

iShares Large Cap Accelerated Outcome ETF

SMAX vs TWOX 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 TWOX ETFs performed in 2026?

As of April 27, 2026, SMAX is up 2.13% year-to-date (YTD), while TWOX has returned 0.57%. That puts SMAX better performer ahead so far this year.

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

Year-to-date, the SMAX ETF saw -$22M in flows, compared to -$8M for TWOX.

Which ETF is more volatile: SMAX or TWOX?

Over the past year, SMAX had a volatility of 3.33%, while TWOX experienced 11.11%.

Which ETF is bigger: SMAX or TWOX?

As of April 27, 2026, SMAX holds $97.76 M in assets under management (AUM), while TWOX manages $15.83 M.

What sectors do the SMAX and TWOX ETFs invest in?

SMAX leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, TWOX focuses on Information Technology, Financials and Communication Services.

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

SMAX top holdings include NVIDIA, APPLE and MICROSOFT-T. TWOX holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: SMAX or TWOX?

SMAX holds 504 securities with 40.33% of its assets in the top 15. TWOX has 504 securities and a top 15 weight of 42.1%.

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