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VOTEvsSMAXETF Comparison

ETF 1

VOTE

TCW Transform 500 ETF

This fund is part of

US Large Cap

+0.86%

Full VOTE fund page

VS

ETF 2

SMAX

iShares Large Cap Max Buffer Sep ETF

This fund is part of

Options Strategies

+0.52%

Full SMAX fund page

TCW Transform 500 ETF (VOTE) belongs to the US Large Cap segment. iShares Large Cap Max Buffer Sep ETF (SMAX) is part of the Options Strategies segment. VOTE's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, SMAX's top sector exposures are Technology, Finance and Healthcare. VOTE is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.53% for SMAX. VOTE is up 13.02% year-to-date (YTD) with +$74M in YTD flows. SMAX performs worse with 5.38% YTD performance, and -$34M in YTD flows. Run a side-by-side ETF comparison of VOTE 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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VOTE 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 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VOTE SMAX	-0.83%+0.51%	+3.93%+2.24%	+13.02%+5.38%	+17.54%+7.28%	+78.72%n/a	+81.38%n/a
Flows	VOTE SMAX	+$6M-$1M	+$27M-$4M	+$74M-$34M	+$74M+$515K	+$167M-	+$501M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VOTE SMAX	+11.91%+2.14%	+13.08%+2.77%	+15.27%n/a	+17.49%n/a
Max drawdown	VOTE SMAX	-3.52%-0.49%	-9.04%-1.93%	-19.12%n/a	-25.66%n/a
Max drawdown duration	VOTE SMAX	19d14d	76d44d	126dn/a	715dn/a

Trading data

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	VOTE	SMAX
Last sale 9/14/2026 at 1:30 PM		$28.30
Previous close 09/11/2026		$28.33
Consolidated volume 09/11/2026
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 index

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

Main metrics

Last update 9/14/2026 at 1:30 PM

Live

Closed

	VOTE	SMAX
Last price	–	$28.30
1D performance	–	-0.11%
AuM	$1.13 B	$88.41 M
E/R	0.05%	0.53%

Characteristics

	VOTE	SMAX
Management strategy	Passive	Active
Provider	TCW	iShares
Benchmark	Morningstar US Large Cap Select Index	-
N° of holdings	500	501
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	June 22, 2021	September 30, 2024
ESG	No	No

More VOTE data on Trackinsight

More SMAX data on Trackinsight

Exposure

Countries

VOTE

USA

97.31%

Other

2.69%

SMAX

USA

102.01%

Other

-2.01%

Sectors

VOTE

Technology

44.56%

Finance

13.78%

Consumer Non-Cycl.

9.48%

Healthcare

8.97%

Industrials

8%

Other

15.22%

SMAX

Technology

46.23%

Finance

14.48%

Healthcare

9.28%

Consumer Non-Cycl.

9.23%

Industrials

8.09%

Other

12.68%

Diversification

VOTE

Total weight of top 15 holdings out of 15

43.45%

SMAX

Total weight of top 15 holdings out of 15

45.4%

Top 15 holdings

Data as of July 31, 2026

VOTE

NVIDIA Corp.

7.25%

Apple, Inc.

6.99%

Microsoft Corp.

5.32%

Amazon.com, Inc.

4.11%

Alphabet, Inc.

3.21%

Broadcom Inc.

2.79%

Alphabet, Inc.

2.59%

Meta Platforms, Inc.

1.88%

Berkshire Hathaway, Inc.

1.46%

JPMorgan Chase & Co.

1.46%

Micron Technology, Inc.

1.43%

Eli Lilly & Co.

1.42%

Tesla, Inc.

1.35%

Advanced Micro Devices, Inc.

1.19%

ExxonMobil Holdings Corp.

1.00%

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 VOTE and SMAX

VOTEvsSMAXETF Comparison

TCW Transform 500 ETF

iShares Large Cap Max Buffer Sep ETF

VOTE 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 VOTE and SMAX ETFs performed in 2026?

As of September 11, 2026, VOTE is up 13.02% year-to-date (YTD), while SMAX has returned 5.38%. That puts VOTE better performer ahead so far this year.

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

Year-to-date, the VOTE ETF saw +$74M in flows, compared to -$34M for SMAX.

Which ETF is more volatile: VOTE or SMAX?

Over the past year, VOTE had a volatility of 13.08%, while SMAX experienced 2.77%.

Which ETF is bigger: VOTE or SMAX?

As of September 11, 2026, VOTE holds $1.13 B in assets under management (AUM), while SMAX manages $88.41 M.

What sectors do the VOTE and SMAX ETFs invest in?

VOTE 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 VOTE ETF and SMAX ETF?

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

Which ETF is more diversified: VOTE or SMAX?

VOTE holds 506 securities with 43.45% of its assets in the top 15. SMAX has 504 securities and a top 15 weight of 45.4%.

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