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SMAX
+0.46 · +1.71%
$27.06 · BATS

iShares Large Cap Max Buffer Sep ETF (SMAX) ETF Analysis | Defined Outcome

iShares · USA
AUM:$110.8M
#– of – in Defined Outcome ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 8.1% over the past year, showing positive momentum.

What is SMAX?

Under normal market conditions, the fund invests at least 80% of its net assets in securities or other instruments that provide exposure to securities of large-capitalization companies or that provide for the approximate cap or the approximate buffer with respect to securities of large-capitalization companies.

Performance Highlights

Returns (%)
Top Sectors (%)

Investment Breakdown

Positive 1-Year Return
SMAX returned 8.1% over the past year. Historical returns only — past performance is not indicative of future results.
Concentrated Holdings
Top 10 holdings account for 100.4% of the ETF — significant weight in a small number of names.
Income Component
Current yield of 0.97% — modest income alongside capital growth potential.
ETF Information
AUM$110.8M
Expense Ratio0.00%
Dividend Yield0.97%
Holdings2
Inception DateSept 2024
Domicile–
Distribution–
Index–
ProvideriShares
Beta–
CategoryDefined Outcome
CurrencyUSD
Portfolio Impact

How would SMAX affect your portfolio?

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Example preview
6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+4.2%
1Y
+7.6%
3Y
+14.5%
5Y
+14.5%
OpenBook InsightIf you had invested £10,000 in SMAX 5 years ago, it would have grown to £11,448 — a gain of £1,448.

Annual Returns

Calendar year performance

SMAX delivered positive returns in 3 of the last 3 calendar years.
YearSMAX
2026 YTD+4.9%
2025+7.9%
2024+1.0%
CAGR 2yr+4.4%
3/3 positive yearsAvg return: +4.6%Worst year: +1.0% (2024)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: POSITIVE
Trend Strength
100%
Positive
Volatility
2.1%
Low
Momentum
+1.2%
30-day change
Support Level
28.09
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
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