USSGvsSMAXETF Comparison
VS
Xtrackers MSCI USA Selection Equity ETF (USSG) 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. USSG is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.53% for SMAX. USSG is up 12.43% year-to-date (YTD) with -$26M in YTD flows. SMAX performs worse with 5.33% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of USSG 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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USSG vs SMAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USSG SMAX | -1.48%+0.48% | +3.80%+2.16% | +12.43%+5.33% | +20.89%+7.42% | +76.15%n/a | +82.75%n/a |
| Flows | USSG SMAX | -$8K-$1M | -$2M-$4M | -$26M-$34M | -$97M+$515K | -$1.12B- | -$3.55B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USSG SMAX | +14.25%+2.31% | +14.04%+2.76% | +15.91%n/a | +17.68%n/a |
| Max drawdown | USSG SMAX | -3.96%-0.49% | -11.29%-1.93% | -20.08%n/a | -26.89%n/a |
| Max drawdown duration | USSG SMAX | 19d14d | 78d44d | 154dn/a | 713dn/a |
Trading data
USSG | SMAX | |
Last sale 9/10/2026 at 1:30 PM | $70.50 | $28.28 |
| Previous close 09/09/2026 | $71.11 | $28.32 |
| Consolidated volume 09/09/2026 | ||
| 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
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SMAX
is actively managed and doesn’t replicate an indexUSSG | SMAX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
USSG | SMAX | |
|---|---|---|
| Last price | $70.50 | $28.28 |
| 1D performance | -0.86% | -0.11% |
| AuM | $582.83 M | $88.37 M |
| E/R | 0.09% | 0.53% |
Characteristics
USSG | SMAX | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Xtrackers by DWS | iShares |
| Benchmark | MSCI USA Selection Index | - |
| N° of holdings | 399 | 501 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 7, 2019 | September 30, 2024 |
| ESG | Yes | No |
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Exposure
Countries
USSG
USA
96.11%
Other
3.89%
SMAX
USA
102.01%
Other
-2.01%
Sectors
USSG
Technology
44.24%
Finance
13.32%
Healthcare
10.98%
Industrials
8.39%
Other
23.07%
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
USSG
Total weight of top 15 holdings out of 15
51.09%
SMAX
Total weight of top 15 holdings out of 15
45.4%
Top 15 holdings
Data as of July 31, 2026
USSG
NVIDIA Corp.
13.65%
Microsoft Corp.
8.32%
Alphabet, Inc.
5.83%
Alphabet, Inc.
4.61%
Eli Lilly & Co.
2.94%
Tesla, Inc.
2.59%
Advanced Micro Devices, Inc.
2.22%
Johnson & Johnson
1.93%
Visa, Inc.
1.85%
Mastercard, Inc.
1.38%
Costco Wholesale Corp.
1.29%
Caterpillar, Inc.
1.17%
GE Aerospace
1.14%
Applied Materials, Inc.
1.13%
Procter & Gamble Co.
1.03%
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 USSG and SMAX
How have the USSG and SMAX ETFs performed in 2026?
As of September 9, 2026, USSG is up 12.43% year-to-date (YTD), while SMAX has returned 5.33%. That puts USSG better performer ahead so far this year.
Which ETF is attracting more investor money: USSG or SMAX?
Year-to-date, the USSG ETF saw -$26M in flows, compared to -$34M for SMAX.
Which ETF is more volatile: USSG or SMAX?
Over the past year, USSG had a volatility of 14.04%, while SMAX experienced 2.76%.
Which ETF is bigger: USSG or SMAX?
As of September 9, 2026, USSG holds $582.83 M in assets under management (AUM), while SMAX manages $88.37 M.
What sectors do the USSG and SMAX ETFs invest in?
USSG leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SMAX focuses on Technology, Finance and Healthcare.
What are the top holdings of the USSG ETF and SMAX ETF?
USSG 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: USSG or SMAX?
USSG holds 402 securities with 51.09% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.
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