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MMAX vs ZFEB

iShares Large Cap Max Buffer Mar ETF

MMAXACboe

Innovator Equity Defined Protection ETF - 1 Yr February

ZFEBCCboe

Overlap

Expense ratio

MMAX −0.26pt a year

MMAX0.53%ZFEB0.79%

Avg volume · 30D

ZFEB 2.2×the volume

MMAX4.12KZFEB9.24K

MMAX vs ZFEB Performance

Oct 31, 2025 – Oct 30, 2026

+6.5%MMAX+5.3%ZFEB

Oct 31, 2025 to Oct 30, 2026. MMAX +6.5%. ZFEB +5.3%. Use the arrow keys to read each point.0%1%2%3%4%Oct 2025Apr 2026Oct 2026
Expense ratio
MMAX 0.53%, better
ZFEB 0.79%
Fund size
MMAX $74M
ZFEB $145M
1Y total return
MMAX +6.5%, better
ZFEB +5.3%
Holdings
MMAX 4
ZFEB 3
Avg volume (30D)
MMAX 4.12K sh
ZFEB 9.24K sh, better
NAV per share
MMAX $27.58
ZFEB $26.44
52W range

ETF.net Grade

MMAX: Cost 83, Risk 81, Mission not scored, Tradability 64, Holdings 50, Durability 62. ZFEB: Cost 21, Risk 52, Mission not scored, Tradability 77, Holdings not scored, Durability 72.
Pillar letters and Scores for MMAX, ZFEB, with each pillar’s weight
PillarMMAXZFEB
Cost30% weightA83HigherF21
Mission25% weightNot scoredNot scored
Risk15% weightA81HigherC52
Tradability15% weightB64A77Higher
Holdings10% weightC50Not scored
Durability5% weightB62A72Higher

Rank among S&P 500 Full Protection funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MMAX and ZFEB are both graded against the same 27 S&P 500 Full Protection funds, so their Grades compare head to head.

S&P 500 Full Protection⁠

Category · 27 funds
See all 27 ›

MMAX ranks 2nd and ZFEB 19th of 27 funds in the S&P 500 Full Protection Category.

  1. Rank 1ACPSLCalamos Laddered S&P 500 Structured Alt Protection ETFScore 80
  2. Rank 2AMMAXiShares Large Cap Max Buffer Mar ETFScore 76
  3. Rank 3AMAXJiShares Large Cap Max Buffer Jun ETFScore 75
  4. Rank 19CTJULInnovator Equity Defined Protection ETFScore 44
  5. Rank 19CZFEBInnovator Equity Defined Protection ETF - 1 Yr FebruaryScore 44
  6. Rank 21CZJUNInnovator Equity Defined Protection ETF - 1 Yr JuneScore 41

MMAX vs ZFEB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MMAX vs ZFEB Cost

Overpaying ZFEB vs MMAX

$4,638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MMAX 0.53%

    $10,536

  • ZFEB 0.79%

    $15,174

$10,000
30 years

Cost over time

  • MMAX 0.53%
  • ZFEB 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ZFEB $15,174MMAX $10,536

Year by year

YearMMAXZFEBOverpaying
10$953$1,405$452
20$3,658$5,331$1,673
30$10,536$15,174$4,638

Expense ratio

  • 0.53%MMAX, cheaper
  • 0.79%ZFEB
  • Middle half of S&P 500 Full Protection funds
  • Median 0.69%

MMAX 6th cheapest of 27 funds

ZFEB 21st cheapest of 27 funds

MMAX vs ZFEB Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
MMAX No data
ZFEB None
Last payment
MMAX $0.35
ZFEB No data
Ex-dividend
MMAX Dec 23, 2025
ZFEB No data
Paid on
MMAX Dec 29, 2025
ZFEB No data
Frequency
MMAX Irregular
ZFEB No data

Distribution history

Per share, 2025 to 2026, same scale for both

MMAXIrregular · 1 paymentAll MMAX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.35. Use the arrow keys to read each point.$0$0.252026YTD
ZFEBAll ZFEB payments⁠

No distribution history available.

MMAX vs ZFEB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MMAX 1.0%since May 2025ZFEB 2.2%since Mar 2025
Return per unit of riskSharpe ratio, 3 years
MMAX 3.21since May 2025ZFEB 0.90since Mar 2025
Worst fallMax drawdown, 5 years
MMAX −1.9%since Apr 2025ZFEB −3.0%since Feb 2025
Market sensitivityBeta, 5 years
MMAX 0.08ZFEB 0.16

MMAX and ZFEB in the news

All news⁠

Popular comparisons

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