SMAXvsTWOXETF Comparison
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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: Technology, Finance and Consumer Non-Cyclicals. Both SMAX and TWOX have the same Total Expense Ratio (TER) of 0.53%. SMAX is up 3.92% year-to-date (YTD) with -$33M in YTD flows. TWOX performs worse with 3.03% YTD performance, and -$2M 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
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMAX TWOX | +0.65%+0.46% | +1.94%+2.75% | +3.92%+3.03% | +7.63%+13.42% | n/an/a | n/an/a |
| Flows | SMAX TWOX | -$3M+$8M | -$12M+$6M | -$33M-$2M | -$4M+$7M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMAX TWOX | +2.45%+4.19% | +2.81%+10.40% | n/an/a | n/an/a |
| Max drawdown | SMAX TWOX | -0.70%-1.36% | -1.93%-9.54% | n/an/a | n/an/a |
| Max drawdown duration | SMAX TWOX | 10d2d | 44d93d | n/an/a | n/an/a |
Trading data
SMAX | TWOX | |
Last sale 7/17/2026 at 1:30 PM | $27.93 | $28.98 |
| Previous close 07/16/2026 | $27.96 | $29.21 |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
SMAX | TWOX | |
|---|---|---|
| Last price | $27.93 | $28.98 |
| 1D performance | -0.11% | -0.76% |
| AuM | $88.31 M | $22.00 M |
| E/R | 0.53% | 0.53% |
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Exposure
Countries
SMAX
USA
104.87%
Other
-4.87%
TWOX
USA
105.54%
Other
-5.54%
Sectors
SMAX
Technology
49.73%
Finance
13.43%
Consumer Non-Cycl.
9.76%
Healthcare
8.61%
Industrials
8.06%
Other
10.4%
TWOX
Technology
50.01%
Finance
13.51%
Consumer Non-Cycl.
9.82%
Healthcare
8.66%
Industrials
8.1%
Other
9.9%
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Diversification
SMAX
Total weight of top 15 holdings out of 15
48.25%
TWOX
Total weight of top 15 holdings out of 15
48.61%
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%
TWOX
NVIDIA Corp.
8.42%
Apple, Inc.
7.52%
Microsoft Corp.
5.49%
Amazon.com, Inc.
4.34%
Alphabet, Inc.
3.64%
Broadcom Inc.
3.48%
Alphabet, Inc.
2.89%
Meta Platforms, Inc.
2.27%
Tesla, Inc.
2.01%
Micron Technology, Inc.
1.79%
Eli Lilly & Co.
1.44%
Berkshire Hathaway, Inc.
1.43%
Advanced Micro Devices, Inc.
1.38%
JPMorgan Chase & Co.
1.32%
BlackRock Cash Funds - Treasury
1.18%
Frequently asked questions about SMAX and TWOX
How have the SMAX and TWOX ETFs performed in 2026?
As of July 17, 2026, SMAX is up 3.92% year-to-date (YTD), while TWOX has returned 3.03%. 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 -$33M in flows, compared to -$2M for TWOX.
Which ETF is more volatile: SMAX or TWOX?
Over the past year, SMAX had a volatility of 2.81%, while TWOX experienced 10.4%.
Which ETF is bigger: SMAX or TWOX?
As of July 17, 2026, SMAX holds $88.31 M in assets under management (AUM), while TWOX manages $22.00 M.
What sectors do the SMAX and TWOX ETFs invest in?
SMAX leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, TWOX focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the SMAX ETF and TWOX ETF?
SMAX top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. TWOX holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: SMAX or TWOX?
SMAX holds 504 securities with 48.25% of its assets in the top 15. TWOX has 504 securities and a top 15 weight of 48.61%.
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