iShares Large Cap Max Buffer Mar ETFMMAX

iSharesDefined OutcomeBuffer#219 of 318 by YTD

$27.50

−0.5% last session

+4.8% YTD

Data as of 11/5/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 5, 2026MMAXS&P 500 · VOODefined Outcome average

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.5%	−0.1%	+0.7%	+4.8%	+6.2%	—	—	+11.0%
Peer average	−2.3%	+91.6%	−1.7%	+5.9%	+7.6%	+45.7%	+49.5%	—
S&P 500 · VOO	−4.4%	−5.7%	−4.9%	+8.4%	+9.8%	+82.2%	+71.6%	—

Key Statistics

Open all fund facts →

AUM: $74M
Expense ratio: 0.53%
Distribution yield: 1.3%
NAV: $27.49
Volume: 19K
Avg. volume 30D: 7K
High today: $27.56
Low today: $27.49
Previous close: $27.63
52-week high: $27.66
52-week low: $26.16
Our risk indicator: 3/5

MMAX in One Breath

MMAX Among Buffer ETFs

YTD

#1BAPRInnovator+12.0%$407M

#2RSSEFirst Trust+11.5%$35.2M

#3FMARFirst Trust+11.5%$1.2B

#4APRTAllianzIM+11.4%$47.4M

#5APRPPGIM+11.0%$37.7M

#6KAPRInnovator+10.9%$174M

#7RSJNFirst Trust+10.9%$87.1M

#8QMARFirst Trust+10.8%$620M

#201MMAXiShares+4.8%$73.7M

End-of-day Nov 6, 2026 · 289 Buffer ETFs by YTD

$10,000 in MMAX

$10,000 in MMAX became

$11,102

In the S&P 500 (VOO)

$13,296

Total return, dividends in · Apr 1, 2025 – Nov 5, 2026 · S&P 500 uses VOO

MMAX Returns by Period

Today

YTD

MAX

MMAX

−0.5%

−0.1%

+0.7%

+4.8%

+6.2%

—

+11.0%

Peer average

−2.3%

+91.6%

−1.7%

+5.9%

+7.6%

+45.7%

+49.5%

—

S&P 500 · VOO

−4.4%

−5.7%

−4.9%

+8.4%

+9.8%

+82.2%

+71.6%

—

End-of-day Nov 6, 2026 · total return, dividends in · peers = 372 Buffer ETFs

MMAX’s Defined Outcome Rank

YTD

#219of 318
defined outcome ETFs

Best · SIXH+14.7%

Average+5.8%

MMAX+4.8%

Worst · KBUF−16.8%

Defined Outcome ETFs by YTD return · Nov 6, 2026

MMAX Price and 52-Week Range

From the 52-week high

−0.6%

From the 52-week low

+5.1%

Today $27.49 – $27.56

Previous close $27.63

$27.50 now

52-week low$26.1652-week high$27.66

End-of-day Nov 6, 2026 · box = today’s range, dashed = previous close

MMAX’s Share of Buffer ETFs

Today

0.1%

of the $86.7B in 373 Buffer ETFs

MMAX$73.7M0.1%

BUFR$11.1B12.8%

BUFD$2.2B2.6%

370 others$73.3B84.6%

Buffer ETF AUM · Nov 6, 2026

MMAX Fee per $100 vs Peers

Today

$0.53a year
per $100

$53 a year on $10,000

BUFR$0.10

BUFD$0.10

BUFQ$0.10

MMAX$0.53

FJAN$0.85

FMAY$0.85

Expense ratio · Buffer peers · Nov 6, 2026

Inside MMAX

MMAX

iShares Large Cap Max Buffer Mar ETF

Today

MMAX reports no holdings we can show: […]

iShares MMAX · holdings

How It Compares

MMAX

iShares Large Cap Max Buffer Mar ETF’s Peers

YTD


BUFR	First TrustRead Desk	0.10%	+7.0%	+9.1%	$11.1B
BUFD	First TrustRead Desk	0.10%	+5.9%	+7.5%	$2.2B
BUFQ	First TrustRead Desk	0.10%	+5.1%	+7.0%	$1.7B
FJAN	First TrustRead Desk	0.85%	+10.1%	+12.4%	$1.5B
FMAY	First TrustRead Desk	0.85%	+4.6%	+6.6%	$1.5B
MMAX	iSharesThis fundRead Desk	0.53%	+4.8%	+6.2%	$74M

Buffer peers · YTD and past-year returns · as of Nov 6, 2026 · sorted by AUM

Head to Head

Put MMAX head to head with BUFR →

BUFR vs MMAX

YTD

BUFRFirst Trust · BufferMMAXiShares · Buffer

Year to date

+7.0%

+4.8%

BUFR wins+2.2 pts

Past year

+9.1%

+6.2%

BUFR wins+2.9 pts

Fee

0.10%

0.53%

BUFR winslower fee

Yield

0.0%

1.3%

MMAX wins+1.3 pts

AUM

$11.1B

$73.7M

BUFR150.3× more

3–1BUFR wins

First Trust BUFR and iShares MMAX · year-to-date · as of Nov 6, 2026 · AUM not scored

MMAX vs VOO

YTD

MMAX · iShares Large Cap Max Buffer Mar

+4.8%

VOO · S&P 500

+8.4%

Gap

3.6 pts

iShares MMAX and Vanguard VOO · YTD total return · as of Nov 6, 2026

MMAX vs Its Peer Average

YTD

MMAXAvsBPeer average

1D−0.5%−2.3%

1M−0.1%+91.6%

3M+0.7%−1.7%

YTD+4.8%+5.9%

1Y+6.2%+7.6%

3Y[…]+45.7%

5Y[…]+49.5%

2–3Peer average wins

372 Buffer peers · each row scaled to its leader

The Details

MMAX

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y1.47%

Deepest drop · 1Y−0.5%

Lowest point · 5Y−1.7%

52-week range

$27.50

$26.16−0.6% from the high$27.66

iShares MMAX · past-year price moves · as of Nov 6, 2026

MMAX

Fund Facts

Today

2025launched Mar 31

Tracks[…]

Exchange · CUSIPCBOE · 46438G455

StructureETF

Leverage1x

Cost on $10,000$53 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

iShares MMAX · fund facts · as of Nov 6, 2026

MMAX

Payouts by Year

$0.34per share, Dec 2025

Distribution yield1.3%

Paid[…]

Latest ex-date · paidDec 23 · Dec 29, 2025

1 payouts added up$0.34 a share

iShares MMAX · distributions by ex-date · 2025–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗SEC reported portfolio · 2025-10-31 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$27.49

Premium / discount[…]

Median spread · 30D[…]

Volume today19K

Average volume · 30D7K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.53%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$53.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 23, 2025	Dec 29, 2025	$0.34

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