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iShares Large Cap Max Buffer Sep ETF

iShares · US46438G5889

iShares Large Cap Max Buffer Sep ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker SMAX (ISIN US46438G5889). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about owning small slices of companies, so you share in their growth when…

Equity ?Unknown Physical ?
Higher feeOwns the shares directlyOther
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Fund size (AUM) ?
€0
1-year return ?
+6.1%
Price Return · to 2026-07-24
Yearly fee (TER) ?
0.53%
All-in cost ≈ 0.00%

About this fund

How it works

The fund actually buys every share in the index it tracks (full replication).

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Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.53%Yearly fee (TER)
0.00%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

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For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Replication ?
Physical
Full — buys every share
Launched
Sep 2024

Performance

97.8102105109113202420252026

Growth of $100 invested — the line starts at $100.

iShares Large Cap Max Buffer Sep ETF

End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.

YTD+3.6%
1 year+6.1%

How bumpy has it been?

2.8%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-3.9%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.

The bigger picture

+11.6%
Since inception
Total growth since launch — about +6.3% a year.
+10.6%
Best 12 months
The strongest one-year stretch on record.
+5.7%
Worst 12 months
The weakest one-year stretch on record.
-3.9%
Worst fall on record ?
It clawed back in about 1 month.

Where to buy this fund

Set from your language & location — change it if it's wrong.

Where it trades

ExchangeTickerCurrency
NYSESMAXUSD★ Primary
USD listings
CCSMAXUSD
CCSMAXCLUSD
CISMAXUSD
CISMAXCLUSD
NYSE ArcaSMAXUSD
OCSMAXUSD
ODSMAXUSD
UASMAXUSD
UBSMAXUSD
UCSMAXUSD
UDSMAXUSD
UFSMAXUSD
UMSMAXUSD
USSMAXUSD
UTSMAXUSD
UXSMAXUSD
VFSMAXUSD
VGSMAXUSD
VJSMAXUSD
VKSMAXUSD
VLSMAXUSD
VPSMAXUSD
VYSMAXUSD
XETRASMAXUSD
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

How it ranks vs peers

🪙 Cheaper than 17% of similar ETFs📈 Higher 1-yr return than 23%📊 Behind its category by 11.9% (1-yr) (category average +18.0%)

Versus the Equity (stocks) · Other · USD ETFs we track.

Advanced risk

1.9%
Downside deviation ?
83%
Up months (hit rate) ?
$27.98
52-week high ?
$26.21
52-week low ?

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Other stocks
Compare side by side
6 similar funds
iShares Large Cap Max Buffer Sep ETFiSharesYou're viewingState Street® Technology Select Sector SPDR® ETFSPDRBroader matchSchwab International Equity ETFSchwabBroader matchInvesco S&P 500 UCITS ETF AccInvescoBroader matchState Street® Financial Select Sector SPDR® ETFSPDRBroader matchState Street® SPDR® S&P® 500 MXN Hdg UCITS ETF (Acc)SPDRBroader matchState Street® SPDR® S&P® 500 GBP Hdg UCITS ETF (Dist)SPDRBroader match
Why it's similarThis is the fund on this page.
StocksUnknownPhysicalCheaper fee
StocksUnknownPhysicalCheaper fee
StocksCheaper fee
Copies the index with a swap, not by holding the shares.
StocksUnknownPhysicalCheaper fee
StocksPhysicalCheaper fee
StocksPhysicalCheaper fee
Index trackedTechnology Select Sector IndexFTSE Developed ex US IndexS&P 500® Total Return (Net) IndexFinancial Select Sector Index® ® S&p® 500 Mxn Hdg® ® S&p® 500 Hdg
Yearly fee (TER)0.53%0.08%0.03%0.05%0.08%0.05%0.05%
All-in cost0.00%0.00%0.00%0.12%0.00%0.06%0.06%
Fund size€0€100.7B€57.6B€50.3B€48.9B€36.7B€36.7B
DomicileUnited StatesUnited StatesIrelandUnited StatesIrelandIreland
ReplicationPhysical (full)Physical (full)Physical (full)Synthetic (swap)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+26.5%+13.9%-73.9%+16.7%
5-yr return p.a.+18.6%+6.7%+9.2%
# holdings771,49457280505505

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Data as of 2026-07-24 · Source: issuer data, compiled by Finance Hamster

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Finance Hamster provides educational information about ETFs and investing. It is not investment, tax, or legal advice, and not a recommendation to buy or sell any security. Markets carry risk; do your own research or consult a licensed adviser.