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SMAXvsXRMIETF 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

XRMI

Global X S&P 500 Risk Managed Income ETF

This fund is part of

Options Strategies

-0.04%

Full XRMI fund page

iShares Large Cap Max Buffer Sep ETF (SMAX) and Global X S&P 500 Risk Managed Income ETF (XRMI) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. SMAX is less expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.6% for XRMI. SMAX is up 2.13% year-to-date (YTD) with -$22M in YTD flows. XRMI performs worse with -0.12% YTD performance, and +$7M in YTD flows. Run a side-by-side ETF comparison of SMAX and XRMI 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 XRMI 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 XRMI	+2.92%+3.43%	+1.39%-1.09%	+2.13%-0.12%	+10.72%+9.11%	n/a+21.64%	n/an/a
Flows	SMAX XRMI	-$12M-$1M	-$22M+$9M	-$22M+$7M	-$850K+$4M	-+$30M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SMAX XRMI	+3.56%+6.89%	+3.33%+4.88%	n/a+5.75%	n/an/a
Max drawdown	SMAX XRMI	-1.93%-5.05%	-1.93%-5.05%	n/a-7.98%	n/an/a
Max drawdown duration	SMAX XRMI	44d61d	44d61d	n/a274d	n/an/a

Trading data

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	SMAX	XRMI
Last sale 4/28/2026 at 1:30 PM	$27.41	$17.15
Previous close 04/27/2026	$27.46	$17.16
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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SMAX

is actively managed and doesn’t replicate an index

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	SMAX	XRMI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

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

Live

Closed

	SMAX	XRMI
Last price	$27.41	$17.15
1D performance	-0.17%	-0.07%
AuM	$97.76 M	$48.73 M
E/R	0.53%	0.6%

Characteristics

	SMAX	XRMI
Management strategy	Active	Passive
Provider	iShares	Global X
Benchmark	-	Cboe S&P 500 Risk Managed Income Index
N° of holdings	478	478
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	September 30, 2024	August 25, 2021
ESG	No	No

More SMAX data on Trackinsight

More XRMI data on Trackinsight

Exposure

Countries

SMAX

USA

92.7%

Other

7.3%

XRMI

USA

96.15%

Other

3.85%

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%

XRMI

Information Techn.

33.34%

Financials

10.43%

Communication Ser.

10.03%

Consumer Discreti.

9.87%

Health Care

9.35%

Industrials

8.24%

Other

18.74%

Diversification

SMAX

Total weight of top 15 holdings out of 15

40.33%

XRMI

Total weight of top 15 holdings out of 15

41.81%

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%

XRMI

NVIDIA

7.34%

APPLE

6.63%

MICROSOFT-T

4.86%

AMAZON.COM INC

3.59%

ALPHABET INC-CL

2.90%

BROADCOM LIMITED

2.54%

ALPHABET INC-CL

2.34%

META PLATFORMS

2.14%

TESLA

1.83%

BERKSHIRE HATHWAY

1.60%

JPMORGAN CHASE

1.39%

EXXON

1.31%

LILLY

1.28%

JOHNSON&JOHNSON

1.07%

WALMART INC

0.98%

Frequently asked questions about SMAX and XRMI

How have the SMAX and XRMI ETFs performed in 2026?

As of April 27, 2026, SMAX is up 2.13% year-to-date (YTD), while XRMI has lost -0.12%. That puts SMAX better performer ahead so far this year.

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

Year-to-date, the SMAX ETF saw -$22M in flows, compared to +$7M for XRMI.

Which ETF is more volatile: SMAX or XRMI?

Over the past year, SMAX had a volatility of 3.33%, while XRMI experienced 4.88%.

Which ETF is bigger: SMAX or XRMI?

As of April 27, 2026, SMAX holds $97.76 M in assets under management (AUM), while XRMI manages $48.73 M.

What sectors do the SMAX and XRMI ETFs invest in?

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

SMAXvsXRMIETF Comparison

iShares Large Cap Max Buffer Sep ETF

Global X S&P 500 Risk Managed Income ETF

SMAX vs XRMI 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 XRMI ETFs performed in 2026?

As of April 27, 2026, SMAX is up 2.13% year-to-date (YTD), while XRMI has lost -0.12%. That puts SMAX better performer ahead so far this year.

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

Year-to-date, the SMAX ETF saw -$22M in flows, compared to +$7M for XRMI.

Which ETF is more volatile: SMAX or XRMI?

Over the past year, SMAX had a volatility of 3.33%, while XRMI experienced 4.88%.

Which ETF is bigger: SMAX or XRMI?

As of April 27, 2026, SMAX holds $97.76 M in assets under management (AUM), while XRMI manages $48.73 M.

What sectors do the SMAX and XRMI ETFs invest in?

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

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

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

Which ETF is more diversified: SMAX or XRMI?

SMAX holds 504 securities with 40.33% of its assets in the top 15. XRMI has 502 securities and a top 15 weight of 41.81%.

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