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MMAX vs ZJUL

iShares Large Cap Max Buffer Mar ETF

MMAXACboe

Innovator Equity Defined Protection ETF - 1 Yr July

ZJULCCboe

Overlap

0.0%by weight

Expense ratio

MMAX −0.26pt a year

MMAX0.53%ZJUL0.79%

Avg volume · 30D

ZJUL 11.5×the volume

MMAX4.12KZJUL47.2K

MMAX vs ZJUL Performance

Oct 31, 2025 – Oct 30, 2026

+6.5%MMAX+5.0%ZJUL

Oct 31, 2025 to Oct 30, 2026. MMAX +6.5%. ZJUL +5.0%. Use the arrow keys to read each point.0%1%2%3%4%Oct 2025May 2026Oct 2026
Expense ratio
MMAX 0.53%, better
ZJUL 0.79%
Fund size
MMAX $74M
ZJUL $193M
1Y total return
MMAX +6.5%, better
ZJUL +5.0%
Holdings
MMAX 4
ZJUL 4
Avg volume (30D)
MMAX 4.12K sh
ZJUL 47.2K sh, better
NAV per share
MMAX $27.58
ZJUL $30.36
52W range

ETF.net Grade

MMAX: Cost 83, Risk 81, Mission not scored, Tradability 64, Holdings 50, Durability 62. ZJUL: Cost 21, Risk 47, Mission not scored, Tradability 86, Holdings 58, Durability 86.
Pillar letters and Scores for MMAX, ZJUL, with each pillar’s weight
PillarMMAXZJUL
Cost30% weightA83HigherF21
Mission25% weightNot scoredNot scored
Risk15% weightA81HigherC47
Tradability15% weightB64A86Higher
Holdings10% weightC50B58Higher
Durability5% weightB62A86Higher

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 ZJUL 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 ZJUL 17th 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 17CCPSUCalamos S&P 500 Structured Alt Protection ETF – JuneScore 46
  5. Rank 17CZJULInnovator Equity Defined Protection ETF - 1 Yr JulyScore 46
  6. Rank 19CTJULInnovator Equity Defined Protection ETFScore 44

MMAX vs ZJUL Holdings

How MMAX and ZJUL differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of MMAX and 0.0% of ZJUL.

Level by level

  • Holdings0 in both0.0%
  • Sector11 Sectors98.1%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in MMAX and ZJUL, widest gap first
SectorMore in MMAXMore in ZJUL
TechnologyMMAX +1.4 points
FinancialsZJUL +0.7 points
Consumer DiscretionaryZJUL +0.6 points
CommunicationMMAX +0.4 points
IndustrialsZJUL +0.2 points
MaterialsZJUL +0.1 points
UtilitiesZJUL +0.1 points
EnergyZJUL +0.1 points
Real EstateZJUL +0.1 points
Health CareMMAX +0.1 points
Consumer StaplesZJUL +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in MMAX and ZJUL, widest gap first
CountryMore in MMAXMore in ZJUL
United StatesMMAX +0.1 points
SwitzerlandSame weight
ChinaSame weight
MexicoZJUL +0.1 points
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • MMAX112.3%
  • ZJUL103.1%

Securities held

  • MMAX2
  • ZJUL4

Asset class

MMAX
Equity
ZJUL
Equity

Holdings

  • Only in MMAX2
  • In both0
  • Only in ZJUL4

Only in MMAX

2 securities, 100% of MMAX by weight

  • Ishares Core S&P Etf Trust109.74%
  • APR27 Ivv Us P @ 653.211.26%

Only in ZJUL

4 securities, 100% of ZJUL by weight

  • Vanguard S&P 500 ETF98.15%
  • Voo 06/30/2027 686.81 P4.30%
  • Us Bank Mmda - Usbgfs 9 09/01/20370.51%

Weight gaps

MMAX and ZJUL share no securities.

All MMAX holdings⁠All 7 ZJUL 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 ZJUL Cost

Overpaying ZJUL vs MMAX

$4,638

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

  • MMAX 0.53%

    $10,536

  • ZJUL 0.79%

    $15,174

$10,000
30 years

Cost over time

  • MMAX 0.53%
  • ZJUL 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$20K051015202530ZJUL $15,174MMAX $10,536

Year by year

YearMMAXZJULOverpaying
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%ZJUL
  • Middle half of S&P 500 Full Protection funds
  • Median 0.69%

MMAX 6th cheapest of 27 funds

ZJUL 21st cheapest of 27 funds

MMAX vs ZJUL Dividends

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

No distribution history available.

MMAX vs ZJUL 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 2025ZJUL 3.3%since Aug 2024
Return per unit of riskSharpe ratio, 3 years
MMAX 3.21since May 2025ZJUL 0.73since Aug 2024
Worst fallMax drawdown, 5 years
MMAX −1.9%since Apr 2025ZJUL −5.5%since Jul 2024
Market sensitivityBeta, 5 years
MMAX 0.08ZJUL 0.24

MMAX and ZJUL in the news

All news⁠

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