SPDvsDMAXETF Comparison
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Simplify US Equity PLUS Downside Convexity ETF (SPD) and iShares Large Cap Max Buffer Dec ETF (DMAX) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. Both SPD and DMAX have the same Total Expense Ratio (TER) of 0.53%. SPD is up 4.81% year-to-date (YTD) with -$17M in YTD flows. DMAX performs worse with 3.03% YTD performance, and +$53M in YTD flows. Run a side-by-side ETF comparison of SPD and DMAX 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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SPD vs DMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPD DMAX | -0.64%+0.47% | +3.93%+1.47% | +4.81%+3.03% | +8.12%+6.65% | +50.85%n/a | +41.19%n/a |
| Flows | SPD DMAX | -$1M+$1M | -$7M+$14K | -$17M+$53M | +$6M+$46M | -$40M- | -$84M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPD DMAX | +13.54%+1.91% | +13.10%+2.31% | +17.00%n/a | +16.24%n/a |
| Max drawdown | SPD DMAX | -4.07%-0.59% | -11.92%-1.47% | -14.87%n/a | -26.93%n/a |
| Max drawdown duration | SPD DMAX | 56d10d | 185d44d | 98dn/a | 897dn/a |
Trading data
SPD | DMAX | |
Last sale 7/29/2026 at 1:30 PM | $40.65 | $27.46 |
| Previous close 07/28/2026 | $40.92 | $27.43 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
SPD | DMAX | |
|---|---|---|
| Last price | $40.65 | $27.46 |
| 1D performance | -0.67% | +0.07% |
| AuM | $104.30 M | $138.32 M |
| E/R | 0.53% | 0.53% |
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Exposure
Countries
SPD
USA
93.06%
Other
6.94%
DMAX
USA
102.88%
Other
-2.88%
Sectors
SPD
Technology
43.68%
Finance
12.55%
Consumer Non-Cycl.
8.37%
Healthcare
8.27%
Industrials
7.58%
Other
19.55%
DMAX
Technology
47.91%
Finance
13.76%
Consumer Non-Cycl.
9.18%
Healthcare
9.07%
Industrials
8.32%
Other
11.76%
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Diversification
SPD
Total weight of top 15 holdings out of 15
42.33%
DMAX
Total weight of top 15 holdings out of 15
45.12%
Top 15 holdings
Data as of June 30, 2026
SPD
NVIDIA Corp.
7.16%
Apple, Inc.
6.28%
Microsoft Corp.
4.10%
Amazon.com, Inc.
3.45%
Alphabet, Inc.
3.10%
Broadcom Inc.
2.64%
Alphabet, Inc.
2.47%
US912797UW50
2.17%
Micron Technology, Inc.
1.92%
Meta Platforms, Inc.
1.83%
Tesla, Inc.
1.75%
Eli Lilly & Co.
1.40%
Advanced Micro Devices, Inc.
1.40%
Berkshire Hathaway, Inc.
1.36%
JPMorgan Chase & Co.
1.30%
DMAX
NVIDIA Corp.
7.86%
Apple, Inc.
6.89%
Microsoft Corp.
4.49%
Amazon.com, Inc.
3.78%
Alphabet, Inc.
3.40%
Broadcom Inc.
2.90%
Alphabet, Inc.
2.71%
Micron Technology, Inc.
2.11%
Meta Platforms, Inc.
2.01%
Tesla, Inc.
1.92%
Eli Lilly & Co.
1.54%
Advanced Micro Devices, Inc.
1.54%
Berkshire Hathaway, Inc.
1.49%
JPMorgan Chase & Co.
1.42%
Intel Corp.
1.07%
Frequently asked questions about SPD and DMAX
How have the SPD and DMAX ETFs performed in 2026?
As of July 28, 2026, SPD is up 4.81% year-to-date (YTD), while DMAX has returned 3.03%. That puts SPD better performer ahead so far this year.
Which ETF is attracting more investor money: SPD or DMAX?
Year-to-date, the SPD ETF saw -$17M in flows, compared to +$53M for DMAX.
Which ETF is more volatile: SPD or DMAX?
Over the past year, SPD had a volatility of 13.1%, while DMAX experienced 2.31%.
Which ETF is bigger: SPD or DMAX?
As of July 28, 2026, SPD holds $104.30 M in assets under management (AUM), while DMAX manages $138.32 M.
What sectors do the SPD and DMAX ETFs invest in?
SPD leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, DMAX focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the SPD ETF and DMAX ETF?
SPD top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. DMAX holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: SPD or DMAX?
SPD holds 507 securities with 42.33% of its assets in the top 15. DMAX has 504 securities and a top 15 weight of 45.12%.
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Latest news about SPD & DMAX
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