SMAX iShares Large Cap Max Buffer Sep ETF
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Since Oct 1, 2026, IVV returned 1.0%. SMAX can gain 8.4% more before its cap.
Promise check: Not measuredNo outcome period of its has finished in ETFIQ's record (snapshots from Sep 4, 2026).
SMAX risk and return scorecard
vs IVV · Oct 2024 to Oct 2026 · 106 weekly returns · dividend-adjusted
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data
Money in and out
Net fund flows · Oct 23, 2026What you earned
Where does it stand in this outcome period?
Outcome period Oct 1, 2026 to Sep 30, 2027More on SMAX
Every number below is on this page. Open what you need.Price, 1 year
$28.68+0.1%1 day, priceClose, Oct 28, 2026
Price only. Total return over the same days, distributions reinvested, was +7.2%. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error
Points (pts) are percentage points.
| Window | Total return | IVV price return | Gap to IVV |
|---|---|---|---|
| 1M Sep 28 – Oct 28, 2026 | +0.9% | +0.9% | 0.0 pts |
| 3M Jul 29 – Oct 28, 2026 | +2.9% | +5.8% | −2.9 pts |
| 6M Apr 29 – Oct 28, 2026 | +4.6% | +8.5% | −3.9 pts |
| YTD Dec 31, 2025 – Oct 28, 2026 | +6.4% | +13.2% | −6.8 pts |
| 1Y Oct 28, 2025 – Oct 28, 2026 | +7.2% | +12.4% | −5.2 pts |
| Since launch Oct 1, 2024 – Oct 28, 2026 | +16.1% | +35.8% | −19.7 pts |
| Since launch, annualised Oct 1, 2024 – Oct 28, 2026 | +7.5% | – | – |
Total returns, distributions reinvested. IVV's column is its price return, dividends left out: the basis the outcome period uses. Listed Oct 2024: no 3 years windows.
Source: Tiingo end-of-day prices, with distributions reinvested.
SMAX: reference +1.0% since period start, fund ·; buffer −0 to floor; cap +9.3%; Full floor. Data to Oct 27, 2026.
Money in and out
Daily data · as of Oct 23, 2026SMAX: in the year to Oct 23, 2026, net $18.7m came in; in the month to Oct 23, 2026, $34.2m came in.
Oct 21, 2026 to Oct 23, 2026
Sep 28, 2026 to Oct 23, 2026
Jul 28, 2026 to Oct 23, 2026
Jan 2, 2026 to Oct 23, 2026
Oct 28, 2025 to Oct 23, 2026
SEC filings, then daily counts
SMAX, net flow each trading day over the 63 sessions from Jul 28, 2026 to Oct 23, 2026: money came in on 9 days and went out on 5 days.
Money in on 9 of the 63 trading days, out on 5.
SMAX, net flow each trading day over the 249 sessions from Oct 28, 2025 to Oct 23, 2026: money came in on 20 days and went out on 21 days.
Money in on 20 of the 249 trading days, out on 21.
SMAX, net flow each trading day over the 400 sessions from Mar 24, 2025 to Oct 23, 2026: money came in on 29 days and went out on 40 days.
Money in on 29 of the 400 trading days, out on 40.
Computed by ETFIQ from iShares’s daily data: each day’s change in shares outstanding times the previous day’s net asset value.
How this is computed
Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Checked against the filing: The month’s daily sum and the filing’s B.6 number agree within rounding or, where the filing’s is larger, within rounding plus the fund’s creation and redemption fees. The full rule is in the fund’s flows file. Every day and month ETFIQ holds for SMAX, back to Aug 2024, is in its flows file. Flows across every fund · How these flows are computed · Compare SMAX with other funds in the flows tool
Every trading day, last 3 months63 days
Most recent first.
Week by week, last year52 weeks
Net flow into SMAX each week, Oct 28, 2025 to Oct 23, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.
Month by month, money in and money outAug 2024 to Oct 2026
SMAX, money in and money out each month from Aug 2024 to Sep 2026: two bars a month, money in above the line and money out below. Bars for Aug 2024 to Jul 2026 are from SMAX’s SEC filings (N-PORT item B.6), and for Aug 2026 to Sep 2026 ETFIQ’s sums of its days. Oct 2026 is still in progress, so it is in the list and not drawn. Of the 27 months listed, money came in on net in 12 and went out in 13.
Bars for Aug 2024 to Jul 2026 are from SMAX’s SEC filings (N-PORT item B.6), and for Aug 2026 to Sep 2026 ETFIQ’s sums of its days. Of the 27 months listed, money came in on net in 12 and went out in 13.
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 23, 2026.
SMAX key stats
Trading
as of Oct 27, 2026
About SMAX
How we measure
12 seats on SMAX, as of Oct 28, 2026: 2 Challenges, 7 Not enough data, 3 Does not apply.
Questions people ask about SMAX
- How much can SMAX still gain?
- About 8.4% from its price on Oct 27, 2026, before it reaches its cap, by the issuer's published number. The cap for the period was set at +9.3%.
- How far can SMAX fall before the buffer helps?
- 1.3% in fund-price terms on Oct 27, 2026, by the issuer's number. In index terms IVV can fall 1.5% from that level before the buffer begins. Losses until that point are the holder's.
- How much of the SMAX buffer is left?
- 99.5% of the 99.5% buffer sat below the IVV level on Oct 27, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
- When does SMAX reset?
- The outcome period ends on Sep 30, 2027, 338 days from the data on Oct 27, 2026. A new cap is set the next day and the buffer starts again.
- What does SMAX cost?
- The prospectus expense ratio is 0.50% a year.
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Cite this pageCitation, APA and Markdown
ETFIQ, SMAX, buffer ETFs, data as of Oct 27, 2026. https://etfiq.com/funds/smax
ETFIQ. (Oct 27, 2026). SMAX, buffer ETFs. Retrieved from https://etfiq.com/funds/smax
[SMAX, buffer ETFs (ETFIQ, Oct 27, 2026)](https://etfiq.com/funds/smax)
The outcome band for SMAX, redrawn every trading night.
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
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<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/smax"><img src="https://etfiq.com/assistant/api/embed/buffer/smax.svg" alt="SMAX: SMAX: reference +1.0% since period start, fund ·; buffer −0 to floor; cap +9.3%; Full floor. Data to Oct 27, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">SMAX: SMAX: reference +1.0% since period start, fund ·; buffer −0 to floor; cap +9.3%; Full floor. Data to Oct 27, 2026. Data: <a href="https://etfiq.com/funds/smax">ETFIQ</a></figcaption>
</figure>The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
Snapshot, Oct 27, 2026. More on the tabs above.