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MMAX vs ZMAR

iShares Large Cap Max Buffer Mar ETF

MMAXACboe

Innovator Equity Defined Protection ETF - 1 Yr March

ZMARDCboe

Overlap

Expense ratio

MMAX −0.26pt a year

MMAX0.53%ZMAR0.79%

Avg volume · 30D

ZMAR 1.2×the volume

MMAX4.12KZMAR5.11K

MMAX vs ZMAR Performance

Oct 31, 2025 – Oct 30, 2026

+6.5%MMAX+5.7%ZMAR

Oct 31, 2025 to Oct 30, 2026. MMAX +6.5%. ZMAR +5.7%. Use the arrow keys to read each point.0%1%2%3%4%Oct 2025Apr 2026Oct 2026
Expense ratio
MMAX 0.53%, better
ZMAR 0.79%
Fund size
MMAX $74M
ZMAR $109M
1Y total return
MMAX +6.5%, better
ZMAR +5.7%
Holdings
MMAX 4
ZMAR 5
Avg volume (30D)
MMAX 4.12K sh
ZMAR 5.11K sh, better
NAV per share
MMAX $27.58
ZMAR $28.77
52W range

ETF.net Grade

MMAX: Cost 83, Risk 81, Mission not scored, Tradability 64, Holdings 50, Durability 62. ZMAR: Cost 21, Risk 63, Mission not scored, Tradability 45, Holdings 58, Durability 65.
Pillar letters and Scores for MMAX, ZMAR, with each pillar’s weight
PillarMMAXZMAR
Cost30% weightA83HigherF21
Mission25% weightNot scoredNot scored
Risk15% weightA81HigherB63
Tradability15% weightB64HigherC45
Holdings10% weightC50B58Higher
Durability5% weightB62B65Higher

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 ZMAR 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 ZMAR 26th 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 22CMAYCCorgi U.S. Equities 10% Structured Buffer ETF - May SeriesScore 40
  5. Rank 26DZMARInnovator Equity Defined Protection ETF - 1 Yr MarchScore 39
  6. Rank 27DTAPRInnovator Equity Defined Protection ETFScore 28

MMAX vs ZMAR 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 ZMAR Cost

Overpaying ZMAR vs MMAX

$4,638

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

  • MMAX 0.53%

    $10,536

  • ZMAR 0.79%

    $15,174

$10,000
30 years

Cost over time

  • MMAX 0.53%
  • ZMAR 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$20K051015202530ZMAR $15,174MMAX $10,536

Year by year

YearMMAXZMAROverpaying
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%ZMAR
  • Middle half of S&P 500 Full Protection funds
  • Median 0.69%

MMAX 6th cheapest of 27 funds

ZMAR 21st cheapest of 27 funds

MMAX vs ZMAR Dividends

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

No distribution history available.

MMAX vs ZMAR 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 2025ZMAR 1.7%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
MMAX 3.21since May 2025ZMAR 1.73since Apr 2025
Worst fallMax drawdown, 5 years
MMAX −1.9%since Apr 2025ZMAR −2.3%since Mar 2025
Market sensitivityBeta, 5 years
MMAX 0.08ZMAR 0.14

MMAX and ZMAR in the news

All news⁠

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