BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

SPXEvsSMAXETF Comparison

ETF 1

SPXE

ProShares S&P 500 Ex-Energy ETF

This fund is part of

US Large Cap

-0.46%

Full SPXE fund page

VS

ETF 2

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

-0.35%

Full SMAX fund page

ProShares S&P 500 Ex-Energy ETF (SPXE) belongs to the US Large Cap segment. iShares Large Cap Max Buffer Sep ETF (SMAX) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. SPXE is less expensive with a Total Expense Ratio (TER) of 0.13%, versus 0.53% for SMAX. SPXE is up 10.58% year-to-date (YTD) with +$2M in YTD flows. SMAX performs worse with 5.37% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of SPXE 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.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

SPXE vs SMAX performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

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 09/15/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SPXE SMAX	-2.21%+0.41%	+0.05%+1.76%	+10.58%+5.37%	+14.79%+7.18%	+77.72%n/a	+77.44%n/a
Flows	SPXE SMAX	+$6K-$1M	+$822K-$4M	+$2M-$34M	+$5M+$515K	+$17M-	+$25M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SPXE SMAX	+12.07%+2.05%	+13.46%+2.77%	+15.34%n/a	+17.33%n/a
Max drawdown	SPXE SMAX	-3.73%-0.49%	-10.13%-1.93%	-18.84%n/a	-26.44%n/a
Max drawdown duration	SPXE SMAX	19d14d	92d44d	126dn/a	711dn/a

Trading data

Create an account to view trading data

Join for free

	SPXE	SMAX
Last sale 9/15/2026 at 1:30 PM	$81.23	$28.33
Previous close 09/15/2026	$81.74	$28.33
Consolidated volume 09/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

SMAX

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

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

Main metrics

Last update 9/15/2026 at 1:30 PM

Live

Closed

	SPXE	SMAX
Last price	$81.23	$28.33
1D performance	-0.62%	+0.02%
AuM	$85.35 M	$88.40 M
E/R	0.13%	0.53%

Characteristics

	SPXE	SMAX
Management strategy	Passive	Active
Provider	ProShares	iShares
Benchmark	S&P 500 Ex-Energy Index	-
N° of holdings	476	501
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	September 22, 2015	September 30, 2024
ESG	No	No

More SPXE data on Trackinsight

More SMAX data on Trackinsight

Exposure

Countries

SPXE

USA

97.2%

Other

2.8%

SMAX

USA

102.01%

Other

-2.01%

Sectors

SPXE

Technology

45.93%

Finance

14.51%

Healthcare

9.32%

Consumer Non-Cycl.

9.21%

Industrials

8.33%

Other

12.69%

SMAX

Technology

46.23%

Finance

14.48%

Healthcare

9.28%

Consumer Non-Cycl.

9.23%

Industrials

8.09%

Other

12.68%

Diversification

SPXE

Total weight of top 15 holdings out of 15

44.72%

SMAX

Total weight of top 15 holdings out of 15

45.4%

Top 15 holdings

Data as of July 31, 2026

SPXE

Apple, Inc.

8.02%

NVIDIA Corp.

7.72%

Microsoft Corp.

4.69%

Amazon.com, Inc.

3.67%

Alphabet, Inc.

3.10%

Broadcom Inc.

2.94%

Alphabet, Inc.

2.50%

Meta Platforms, Inc.

2.12%

Micron Technology, Inc.

1.64%

JPMorgan Chase & Co.

1.55%

Eli Lilly & Co.

1.54%

Berkshire Hathaway, Inc.

1.48%

Tesla, Inc.

1.41%

Advanced Micro Devices, Inc.

1.31%

Johnson & Johnson

1.04%

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 SPXE and SMAX

SPXEvsSMAXETF Comparison

ProShares S&P 500 Ex-Energy ETF

iShares Large Cap Max Buffer Sep ETF

SPXE vs SMAX 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 SPXE and SMAX ETFs performed in 2026?

As of September 15, 2026, SPXE is up 10.58% year-to-date (YTD), while SMAX has returned 5.37%. That puts SPXE better performer ahead so far this year.

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

Year-to-date, the SPXE ETF saw +$2M in flows, compared to -$34M for SMAX.

Which ETF is more volatile: SPXE or SMAX?

Over the past year, SPXE had a volatility of 13.46%, while SMAX experienced 2.77%.

Which ETF is bigger: SPXE or SMAX?

As of September 15, 2026, SPXE holds $85.35 M in assets under management (AUM), while SMAX manages $88.40 M.

What sectors do the SPXE and SMAX ETFs invest in?

SPXE leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.

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

SPXE top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. SMAX holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: SPXE or SMAX?

SPXE holds 479 securities with 44.72% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.

Expert-Built ETF Portfolios, All in One Place