iShares Large Cap Max Buffer Mar ETF (MMAX) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MMAX
MMAX charges 0.50% annually. There are 5 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | MMAX vs JANB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | MMAX vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | MMAX vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | MMAX vs OCTB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | MMAX vs FBUF |
Best Risk-Adjusted Alternatives to MMAX
MMAX has a PortfoliosLab risk / return rank of 99. There are 2 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | MMAX vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | MMAX vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | MMAX vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | MMAX vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | MMAX vs ZAPR |
Top Performing MMAX Alternatives (YTD)
MMAX is at 3.09% YTD. There are 190 ETFs in the Defined Outcome category with higher YTD returns, going as high as 21.85%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 21.85% | — | Aug 2025 | MMAX vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 15.28% | — | Mar 2025 | MMAX vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.06% | 557.94M | Mar 2021 | MMAX vs QMAR | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 12.64% | — | Jul 2025 | MMAX vs UXJL | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jan... | 12.41% | — | Jan 2025 | MMAX vs UXJA |
Lowest Volatility Alternatives to MMAX
MMAX has 1.39% 1-year volatility. There are 3 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.01% | — | Apr 2025 | MMAX vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | MMAX vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | MMAX vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | MMAX vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr May | 1.45% | — | May 2025 | MMAX vs ZMAY |
Lowest Drawdown Alternatives to MMAX
MMAX has a 1-year max drawdown of -0.34%. There is 1 ETF in the Defined Outcome category with a shallower 1-year drawdown, going as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | -0.27% | — | Apr 2025 | MMAX vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | MMAX vs PMAP | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | MMAX vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | MMAX vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr May | -0.39% | — | May 2025 | MMAX vs ZMAY |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, IVV and span 14 categories. AUM among these funds goes as high as $855B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 1.51% | 91.90B | May 2020 | MMAX vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -25.48% | 58.12B | Jan 2024 | MMAX vs IBIT | |
| iShares Core S&P 500 ETF | S&P 500 | 70 | 10.85% | 854.92B | May 2000 | MMAX vs IVV | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 16 | -0.27% | 42.90B | Jul 2002 | MMAX vs TLT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 97 | 104.57% | 38.37B | Jul 2001 | MMAX vs SOXX | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 71 | 8.76% | 40.46B | Jun 2014 | MMAX vs DGRO | |
| iShares Silver Trust | Silver, Precious Metals | 47 | 2.78% | 36.82B | Apr 2006 | MMAX vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 32 | 2.98% | 69.92B | Jan 2005 | MMAX vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 62 | 17.07% | 80.93B | May 2000 | MMAX vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 66 | 12.13% | 32.93B | Mar 2008 | MMAX vs ACWI |
Often Compared With MMAX
Investors most often compare MMAX with ZOCT, BUFP, MAXJ. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare MMAX with Any Fund or Stock
Compare MMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MMAX with funds that move differently
iShares Large Cap Max Buffer Mar ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MMAX.
Explore MMAX Diversifiers