SMAX vs XHS

Comparison between ISHARES LARGE CAP MAX BUFFER SEP ETF (SMAX, ETF) and STATE STREET(R) SPDR(R) S&P(R) HEALTH CARE SERVICES ETF (XHS, ETF).

SMAX vs XHS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMAX(ETF)	XHS(ETF)
Net Assets	$98M	$98M
Expense Ratio	0.50%	0.35%
Max Drawdown	3.90%	39.36%
Sharpe Ratio	1.84	0.91
5Y Beta	0.19	0.60
P/E Ratio	N/A	99.38
Forward P/E	N/A	17.62
5Y Dividends CAGR	N/A	5.34%
5Y EPS CAGR	N/A	5.87%
Debt to Equity	N/A	-114.97%
P/S Ratio	N/A	0.54
P/B Ratio	N/A	2.51

Net Assets

SMAX

$98M

XHS

$98M

Expense Ratio

SMAX

0.50%

Winner

XHS

0.35%

Max Drawdown

Winner

SMAX

3.90%

XHS

39.36%

Sharpe Ratio

Winner

SMAX

1.84

XHS

0.91

5Y Beta

Winner

SMAX

0.19

XHS

0.60

P/E Ratio

SMAX

N/A

XHS

99.38

Forward P/E

SMAX

N/A

XHS

17.62

5Y Dividends CAGR

SMAX

N/A

XHS

5.34%

5Y EPS CAGR

SMAX

N/A

XHS

5.87%

Debt to Equity

SMAX

N/A

XHS

-114.97%

P/S Ratio

SMAX

N/A

XHS

0.54

P/B Ratio

SMAX

N/A

XHS

2.51

SMAX vs XHS - Holdings Comparison

SMAX and XHS have 0 common holdings. Overlap is 0.00%

SMAX's top 25 holdings weight is 104.98%. XHS's top 25 holdings weight is 55.40%.

Rank	SMAX	XHS
#1	ISHARES CORE S&P 500 ETF (IVV) - 104.98%	HUMANA INC (HUM) - 3.08%
#2	N/A	CENTENE CORP (CNC) - 2.95%
#3	N/A	CLOVER HEALTH INVESTMENTS CORP ORDINARY SHARES CLASS A (CLOV) - 2.63%
#4	N/A	UNITEDHEALTH GROUP INC (UNH) - 2.48%
#5	N/A	ASTRANA HEALTH INC (ASTH) - 2.48%
#6	N/A	ELEVANCE HEALTH INC (ELV) - 2.42%
#7	N/A	BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 2.39%
#8	N/A	PROGYNY INC (PGNY) - 2.39%
#9	N/A	MOLINA HEALTHCARE INC (MOH) - 2.33%
#10	N/A	DAVITA INC (DVA) - 2.31%
#11	N/A	CVS HEALTH CORP (CVS) - 2.24%
#12	N/A	AMN HEALTHCARE SERVICES INC (AMN) - 2.24%
#13	N/A	PEDIATRIX MEDICAL GROUP INC (MD) - 2.13%
#14	N/A	PACS GROUP INC (PACS) - 2.12%
#15	N/A	THE CIGNA GROUP (CI) - 2.04%
#16	N/A	CONCENTRA GROUP HOLDINGS PARENT INC (CON) - 2.03%
#17	N/A	GUARDANT HEALTH INC (GH) - 2.02%
#18	N/A	CORVEL CORP (CRVL) - 1.94%
#19	N/A	ACADIA HEALTHCARE CO INC (ACHC) - 1.94%
#20	N/A	LIFESTANCE HEALTH GROUP INC ORDINARY SHARES (LFST) - 1.94%
#21	N/A	ENCOMPASS HEALTH CORP (EHC) - 1.91%
#22	N/A	CHEMED CORP (CHE) - 1.86%
#23	N/A	PRIVIA HEALTH GROUP INC (PRVA) - 1.86%
#24	N/A	SURGERY PARTNERS INC (SGRY) - 1.84%
#25	N/A	HEALTHEQUITY INC (HQY) - 1.83%
Total Holdings	1	59

SMAX vs XHS - Historical Returns

Returns include dividend reinvestment.

Period	SMAX	XHS
1 month	+0.65%	+7.73%
3 months	+2.39%	+8.49%
6 months	+3.12%	+8.99%
1 year	+8.88%	+19.97%
5 years(CAGR)	N/A	+0.97%
10 years(CAGR)	N/A	+7.62%
Max(CAGR)	+7.10%	+12.00%

SMAX

+0.65%

Winner

XHS

+7.73%

SMAX

+2.39%

Winner

XHS

+8.49%

SMAX

+3.12%

Winner

XHS

+8.99%

SMAX

+8.88%

Winner

XHS

+19.97%

5Y(CAGR)

SMAX

N/A

XHS

+0.97%

10Y(CAGR)

SMAX

N/A

XHS

+7.62%

Max(CAGR)

SMAX

+7.10%

Winner

XHS

+12.00%

SMAX vs XHS - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	SMAX	XHS
2026	+2.83%	+8.71%
2025	+7.88%	+18.32%
2024	+1.02%	+0.55%
2023	N/A	+6.10%
2022	N/A	-20.48%
2021	N/A	+9.75%
2020	N/A	+34.25%
2019	N/A	+19.16%
2018	N/A	+0.70%
2017	N/A	+16.30%
2016	N/A	-7.08%
2015	N/A	+3.75%
2014	N/A	+25.76%
2013	N/A	+35.32%
2012	N/A	+22.06%
2011	N/A	+14.26%

SMAX vs XHS Drawdown Comparison

The maximum drawdown for SMAX was -3.90%, occurring on Apr 8, 2025. Recovery took 60 trading sessions.

The maximum drawdown for XHS was -39.32%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.

The current SMAX drawdown is -0.37%.

Rank	SMAX	XHS
#1	-3.90% Feb 20, 2025 - May 16, 2025	-39.32% Feb 19, 2020 - Sep 2, 2020
#2	-1.91% Feb 25, 2026 - Apr 13, 2026	-32.62% Jun 28, 2021 - May 27, 2026
#3	-0.81% Oct 28, 2025 - Nov 26, 2025	-27.38% Aug 5, 2015 - Jan 22, 2018
#4	-0.72% May 19, 2025 - Jun 2, 2025	-22.07% Sep 28, 2018 - Jan 15, 2020
#5	-0.71% Dec 11, 2024 - Dec 24, 2024	-12.83% Apr 3, 2012 - Jul 18, 2012
#6	-0.61% Jan 9, 2026 - Jan 26, 2026	-10.97% Feb 9, 2021 - Apr 23, 2021
#7	-0.57% Dec 24, 2024 - Jan 15, 2025	-10.30% Jan 29, 2018 - May 18, 2018
#8	-0.56% Oct 22, 2024 - Nov 6, 2024	-10.25% Sep 2, 2020 - Oct 5, 2020
#9	-0.54% Feb 2, 2026 - Feb 9, 2026	-9.26% Oct 28, 2011 - Jan 11, 2012
#10	-0.53% Jul 28, 2025 - Aug 8, 2025	-7.34% Sep 30, 2011 - Oct 11, 2011
#11	-0.52% Nov 8, 2024 - Nov 29, 2024	-6.25% Jan 22, 2020 - Feb 11, 2020
#12	-0.48% Feb 9, 2026 - Feb 25, 2026	-6.22% Jul 18, 2012 - Aug 27, 2012
#13	-0.45% Oct 8, 2025 - Oct 20, 2025	-6.02% Sep 11, 2014 - Oct 28, 2014
#14	-0.39% Dec 11, 2025 - Dec 22, 2025	-6.00% Apr 24, 2015 - May 22, 2015
#15	-0.37% Aug 29, 2025 - Sep 8, 2025	-5.71% Oct 23, 2020 - Nov 3, 2020

Correlation

Correlation between SMAX and XHS is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2011 - 2026)

SMAX vs XHS dividend yield comparison.

Year	SMAX	XHS
2026	0.00%	0.04%
2025	0.98%	0.27%
2024	0.27%	0.38%
2023	0.00%	0.23%
2022	0.00%	0.19%
2021	0.00%	0.20%
2020	0.00%	0.23%
2019	0.00%	2.37%
2018	0.00%	0.34%
2017	0.00%	0.22%
2016	0.00%	0.28%
2015	0.00%	0.93%
2014	0.00%	1.17%
2013	0.00%	0.46%
2012	0.00%	4.12%
2011	0.00%	0.02%