TWOXvsSMAXETF Comparison
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iShares Large Cap Accelerated Outcome ETF (TWOX) and iShares Large Cap Max Buffer Sep ETF (SMAX) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. Both TWOX and SMAX have the same Total Expense Ratio (TER) of 0.53%. TWOX is up 3.03% year-to-date (YTD) with -$2M in YTD flows. SMAX performs better with 3.92% YTD performance, and -$33M in YTD flows. Run a side-by-side ETF comparison of TWOX 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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TWOX vs SMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TWOX SMAX | +0.46%+0.65% | +2.75%+1.94% | +3.03%+3.92% | +13.42%+7.63% | n/an/a | n/an/a |
| Flows | TWOX SMAX | +$8M-$3M | +$6M-$12M | -$2M-$33M | +$7M-$4M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TWOX SMAX | +4.19%+2.45% | +10.40%+2.81% | n/an/a | n/an/a |
| Max drawdown | TWOX SMAX | -1.36%-0.70% | -9.54%-1.93% | n/an/a | n/an/a |
| Max drawdown duration | TWOX SMAX | 2d10d | 93d44d | n/an/a | n/an/a |
Trading data
TWOX | SMAX | |
Last sale 7/17/2026 at 1:30 PM | $28.98 | $27.93 |
| Previous close 07/16/2026 | $29.21 | $27.96 |
| 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
TWOX | SMAX | |
|---|---|---|
| Last price | $28.98 | $27.93 |
| 1D performance | -0.76% | -0.11% |
| AuM | $22.00 M | $88.31 M |
| E/R | 0.53% | 0.53% |
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Exposure
Countries
TWOX
USA
105.54%
Other
-5.54%
SMAX
USA
104.87%
Other
-4.87%
Sectors
TWOX
Technology
50.01%
Finance
13.51%
Consumer Non-Cycl.
9.82%
Healthcare
8.66%
Industrials
8.1%
Other
9.9%
SMAX
Technology
49.73%
Finance
13.43%
Consumer Non-Cycl.
9.76%
Healthcare
8.61%
Industrials
8.06%
Other
10.4%
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Diversification
TWOX
Total weight of top 15 holdings out of 15
48.61%
SMAX
Total weight of top 15 holdings out of 15
48.25%
Top 15 holdings
Data as of May 31, 2026
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%
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%
Frequently asked questions about TWOX and SMAX
How have the TWOX and SMAX ETFs performed in 2026?
As of July 17, 2026, TWOX is up 3.03% year-to-date (YTD), while SMAX has returned 3.92%. That puts SMAX better performer ahead so far this year.
Which ETF is attracting more investor money: TWOX or SMAX?
Year-to-date, the TWOX ETF saw -$2M in flows, compared to -$33M for SMAX.
Which ETF is more volatile: TWOX or SMAX?
Over the past year, TWOX had a volatility of 10.4%, while SMAX experienced 2.81%.
Which ETF is bigger: TWOX or SMAX?
As of July 17, 2026, TWOX holds $22.00 M in assets under management (AUM), while SMAX manages $88.31 M.
What sectors do the TWOX and SMAX ETFs invest in?
TWOX leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SMAX focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the TWOX ETF and SMAX ETF?
TWOX top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SMAX holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: TWOX or SMAX?
TWOX holds 504 securities with 48.61% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 48.25%.
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