SPINvsSMAXETF Comparison
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State Street SPDR US Equity Premium Income ETF (SPIN) and iShares Large Cap Max Buffer Sep ETF (SMAX) belong to the same industry segment: Options Strategies. SPIN's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, SMAX's top sector exposures are Technology, Finance and Healthcare. SPIN is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.53% for SMAX. SPIN is up 5.96% year-to-date (YTD) with -$9M in YTD flows. SMAX performs worse with 5.38% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of SPIN and SMAX 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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SPIN vs SMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPIN SMAX | -1.20%+0.51% | +5.25%+2.24% | +5.96%+5.38% | +11.54%+7.28% | n/an/a | n/an/a |
| Flows | SPIN SMAX | -$1K-$1M | +$314K-$4M | -$9M-$34M | +$22M+$515K | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPIN SMAX | +11.60%+2.14% | +11.67%+2.77% | n/an/a | n/an/a |
| Max drawdown | SPIN SMAX | -3.56%-0.49% | -9.72%-1.93% | n/an/a | n/an/a |
| Max drawdown duration | SPIN SMAX | 16d14d | 120d44d | n/an/a | n/an/a |
Trading data
SPIN | SMAX | |
Last sale 9/11/2026 at 1:30 PM | $33.11 | $28.33 |
| Previous close 09/10/2026 | $32.87 | $28.28 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
SPIN | SMAX | |
|---|---|---|
| Last price | $33.11 | $28.33 |
| 1D performance | +0.74% | +0.17% |
| AuM | $47.63 M | $88.41 M |
| E/R | 0.25% | 0.53% |
Characteristics
SPIN | SMAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | State Street Investment Management | iShares |
| Benchmark | - | - |
| N° of holdings | 92 | 501 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 4, 2024 | September 30, 2024 |
| ESG | No | No |
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Exposure
Countries
SPIN
USA
94.39%
Other
5.61%
SMAX
USA
102.01%
Other
-2.01%
Sectors
SPIN
Technology
48.64%
Finance
12.09%
Consumer Non-Cycl.
9.02%
Industrials
8.72%
Healthcare
8.55%
Other
12.98%
SMAX
Technology
46.23%
Finance
14.48%
Healthcare
9.28%
Consumer Non-Cycl.
9.23%
Industrials
8.09%
Other
12.68%
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Diversification
SPIN
Total weight of top 15 holdings out of 15
54.5%
SMAX
Total weight of top 15 holdings out of 15
45.4%
Top 15 holdings
Data as of July 31, 2026
SPIN
NVIDIA Corp.
9.13%
Microsoft Corp.
6.95%
Alphabet, Inc.
5.92%
Apple, Inc.
5.66%
Amazon.com, Inc.
5.32%
Broadcom Inc.
3.61%
Meta Platforms, Inc.
2.70%
Micron Technology, Inc.
2.34%
Advanced Micro Devices, Inc.
2.27%
JPMorgan Chase & Co.
2.21%
Eli Lilly & Co.
2.02%
Applied Materials, Inc.
1.78%
Bank of America Corp.
1.74%
Visa, Inc.
1.49%
Amphenol Corp.
1.35%
SMAX
Apple, Inc.
7.90%
NVIDIA Corp.
7.62%
Microsoft Corp.
5.40%
Amazon.com, Inc.
3.72%
Alphabet, Inc.
3.16%
Broadcom Inc.
2.96%
Alphabet, Inc.
2.54%
Meta Platforms, Inc.
1.91%
Micron Technology, Inc.
1.59%
JPMorgan Chase & Co.
1.52%
Berkshire Hathaway, Inc.
1.51%
Eli Lilly & Co.
1.47%
BlackRock Cash Funds - Treasury
1.42%
Tesla, Inc.
1.40%
Advanced Micro Devices, Inc.
1.28%
Frequently asked questions about SPIN and SMAX
How have the SPIN and SMAX ETFs performed in 2026?
As of September 11, 2026, SPIN is up 5.96% year-to-date (YTD), while SMAX has returned 5.38%. That puts SPIN better performer ahead so far this year.
Which ETF is attracting more investor money: SPIN or SMAX?
Year-to-date, the SPIN ETF saw -$9M in flows, compared to -$34M for SMAX.
Which ETF is more volatile: SPIN or SMAX?
Over the past year, SPIN had a volatility of 11.67%, while SMAX experienced 2.77%.
Which ETF is bigger: SPIN or SMAX?
As of September 11, 2026, SPIN holds $47.63 M in assets under management (AUM), while SMAX manages $88.41 M.
What sectors do the SPIN and SMAX ETFs invest in?
SPIN leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.
What are the top holdings of the SPIN ETF and SMAX ETF?
SPIN top holdings include NVIDIA Corp., Microsoft Corp. and Alphabet, Inc.. SMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: SPIN or SMAX?
SPIN holds 93 securities with 54.5% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.
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