MAXJ vs. IBIT
MAXJ (iShares Large Cap Max Buffer Jun ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - MAXJ is a Equity Hedged fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. MAXJ is actively managed, while IBIT is passively managed. Over the past year, MAXJ returned 9.57% vs -41.01% for IBIT. At a 0.41 correlation, their price movements are largely independent. MAXJ charges 0.50%/yr vs 0.25%/yr for IBIT.
Performance
MAXJ vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, MAXJ achieves a 2.84% return, which is significantly higher than IBIT's -31.24% return.
MAXJ
- 1D
- 0.00%
- 1M
- 0.55%
- YTD
- 2.84%
- 6M
- 3.38%
- 1Y
- 9.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -5.22%
- 1M
- -26.09%
- YTD
- -31.24%
- 6M
- -32.65%
- 1Y
- -41.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAXJ vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MAXJ iShares Large Cap Max Buffer Jun ETF | 2.84% | 8.97% | 4.55% |
IBIT iShares Bitcoin Trust ETF | -31.24% | -6.41% | 47.36% |
Correlation
The correlation between MAXJ and IBIT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2024 | 0.41 |
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Return for Risk
MAXJ vs. IBIT — Risk / Return Rank
MAXJ
IBIT
MAXJ vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Max Buffer Jun ETF (MAXJ) and iShares Bitcoin Trust ETF (IBIT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| MAXJ | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.27 | ||
| Sortino ratioReturn per unit of downside risk | +6.85 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 0.85 | +0.95 |
| Calmar ratioReturn relative to maximum drawdown | 5.64 | -0.79 | +6.43 |
| Martin ratioReturn relative to average drawdown | 32.01 | -1.43 | +33.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAXJ | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.33 | -0.94 | +4.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.63 | 0.22 | +1.41 |
Drawdowns
MAXJ vs. IBIT - Drawdown Comparison
The maximum MAXJ drawdown since its inception was -6.35%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for MAXJ and IBIT.
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Drawdown Indicators
| MAXJ | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.35% | -52.11% | +45.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -52.11% | +50.41% |
Current DrawdownCurrent decline from peak | -0.03% | -52.11% | +52.08% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -16.13% | +15.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 28.80% | -28.50% |
Volatility
MAXJ vs. IBIT - Volatility Comparison
The current volatility for iShares Large Cap Max Buffer Jun ETF (MAXJ) is 0.29%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.97%. This indicates that MAXJ experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAXJ | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 9.97% | -9.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 34.18% | -32.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 44.04% | -41.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 50.26% | -44.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 50.26% | -44.99% |
MAXJ vs. IBIT - Expense Ratio Comparison
MAXJ has a 0.50% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
MAXJ vs. IBIT - Dividend Comparison
MAXJ's dividend yield for the trailing twelve months is around 0.98%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
MAXJ iShares Large Cap Max Buffer Jun ETF | 0.98% | 1.01% | 0.81% |
Frequently Asked Questions
MAXJ and IBIT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.97%) compared to MAXJ (0.29%). In terms of maximum drawdown, MAXJ dropped -6.35% vs IBIT's -52.11%.
On 1-year performance, MAXJ leads with 9.57% vs -41.01% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, MAXJ has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MAXJ has performed better with a 9.57% return vs -41.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.50% for MAXJ.
MAXJ has the higher dividend yield at 0.98%, compared with 0.00% for IBIT.
MAXJ is categorized as Equity Hedged, while IBIT is Cryptocurrency. Their fees differ too: 0.50% for MAXJ and 0.25% for IBIT.
MAXJ currently has the higher Sharpe Ratio (3.33 vs -0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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