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TWOXvsSMAXETF Comparison

ETF 1

TWOX

iShares Large Cap Accelerated Outcome ETF

This fund is part of

Options Strategies

-0.04%

Full TWOX fund page

VS

ETF 2

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

-0.04%

Full SMAX fund page

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: Information Technology, Financials and Communication Services. Both TWOX and SMAX have the same Total Expense Ratio (TER) of 0.53%. TWOX is up 0.57% year-to-date (YTD) with -$8M in YTD flows. SMAX performs better with 2.13% YTD performance, and -$22M 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

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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.	TWOX SMAX	+8.29%+2.92%	-1.28%+1.39%	+0.57%+2.13%	+22.58%+10.72%	n/an/a	n/an/a
Flows	TWOX SMAX	-$7M-$12M	-$7M-$22M	-$8M-$22M	+$161K-$850K	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TWOX SMAX	+14.55%+3.56%	+11.11%+3.33%	n/an/a	n/an/a
Max drawdown	TWOX SMAX	-9.54%-1.93%	-9.54%-1.93%	n/an/a	n/an/a
Max drawdown duration	TWOX SMAX	61d44d	61d44d	n/an/a	n/an/a

Trading data

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	TWOX	SMAX
Last sale 4/27/2026 at 3:56 PM	$28.26	$27.41
Previous close 04/27/2026	$28.22	$27.46
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/27/2026 at 3:56 PM

Live

Closed

	TWOX	SMAX
Last price	$28.26	$27.41
1D performance	+0.14%	-0.17%
AuM	$15.83 M	$97.76 M
E/R	0.53%	0.53%

Characteristics

	TWOX	SMAX
Management strategy	Active	Active
Provider	iShares	iShares
Benchmark	-	-
N° of holdings	478	478
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	January 15, 2025	September 30, 2024
ESG	No	No

More TWOX data on Trackinsight

More SMAX data on Trackinsight

Exposure

Countries

TWOX

USA

96.81%

Other

3.19%

SMAX

USA

92.7%

Other

7.3%

Sectors

TWOX

Information Techn.

33.5%

Financials

10.25%

Communication Ser.

10.1%

Consumer Discreti.

9.89%

Health Care

9.2%

Industrials

8.22%

Other

18.84%

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%

Diversification

TWOX

Total weight of top 15 holdings out of 15

42.1%

SMAX

Total weight of top 15 holdings out of 15

40.33%

Top 15 holdings

Data as of March 31, 2026

TWOX

NVIDIA

7.48%

APPLE

6.58%

MICROSOFT-T

4.85%

AMAZON.COM INC

3.59%

ALPHABET INC-CL

2.95%

BROADCOM LIMITED

2.59%

ALPHABET INC-CL

2.37%

META PLATFORMS

2.21%

TESLA

1.85%

BERKSHIRE HATHWAY

1.55%

JPMORGAN CHASE

1.40%

LILLY

1.29%

EXXON

1.25%

US0669224778

1.11%

JOHNSON&JOHNSON

1.04%

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%

Frequently asked questions about TWOX and SMAX

How have the TWOX and SMAX ETFs performed in 2026?

As of April 27, 2026, TWOX is up 0.57% year-to-date (YTD), while SMAX has returned 2.13%. 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 -$8M in flows, compared to -$22M for SMAX.

Which ETF is more volatile: TWOX or SMAX?

Over the past year, TWOX had a volatility of 11.11%, while SMAX experienced 3.33%.

Which ETF is bigger: TWOX or SMAX?

As of April 27, 2026, TWOX holds $15.83 M in assets under management (AUM), while SMAX manages $97.76 M.

What sectors do the TWOX and SMAX ETFs invest in?

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

TWOXvsSMAXETF Comparison

iShares Large Cap Accelerated Outcome ETF

iShares Large Cap Max Buffer Sep ETF

TWOX 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 TWOX and SMAX ETFs performed in 2026?

As of April 27, 2026, TWOX is up 0.57% year-to-date (YTD), while SMAX has returned 2.13%. 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 -$8M in flows, compared to -$22M for SMAX.

Which ETF is more volatile: TWOX or SMAX?

Over the past year, TWOX had a volatility of 11.11%, while SMAX experienced 3.33%.

Which ETF is bigger: TWOX or SMAX?

As of April 27, 2026, TWOX holds $15.83 M in assets under management (AUM), while SMAX manages $97.76 M.

What sectors do the TWOX and SMAX ETFs invest in?

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

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

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

Which ETF is more diversified: TWOX or SMAX?

TWOX holds 504 securities with 42.1% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 40.33%.

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