MAXJ vs. QGRD
MAXJ (iShares Large Cap Max Buffer Jun ETF) and QGRD (Horizon NASDAQ-100 Defined Risk ETF) are both Equity Hedged funds. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. MAXJ charges 0.50%/yr vs 0.85%/yr for QGRD.
Performance
MAXJ vs. QGRD - Performance Comparison
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Returns By Period
In the year-to-date period, MAXJ achieves a 3.14% return, which is significantly lower than QGRD's 11.58% return.
MAXJ
- 1D
- -0.03%
- 1M
- 0.48%
- YTD
- 3.14%
- 6M
- 3.08%
- 1Y
- 8.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QGRD
- 1D
- -2.62%
- 1M
- 0.24%
- YTD
- 11.58%
- 6M
- 10.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAXJ vs. QGRD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAXJ iShares Large Cap Max Buffer Jun ETF | 3.14% | 3.41% |
QGRD Horizon NASDAQ-100 Defined Risk ETF | 11.58% | 8.15% |
Correlation
The correlation between MAXJ and QGRD is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025 | 0.69 |
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Return for Risk
MAXJ vs. QGRD — Risk / Return Rank
MAXJ
QGRD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MAXJ vs. QGRD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Max Buffer Jun ETF (MAXJ) and Horizon NASDAQ-100 Defined Risk ETF (QGRD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAXJ | QGRD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.79 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.92 | — | — |
| Martin ratioReturn relative to average drawdown | 28.96 | — | — |
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Drawdowns
MAXJ vs. QGRD - Drawdown Comparison
The maximum MAXJ drawdown since its inception was -6.35%, smaller than the maximum QGRD drawdown of -9.41%. Use the drawdown chart below to compare losses from any high point for MAXJ and QGRD.
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Drawdown Indicators
| MAXJ | QGRD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.35% | -9.41% | +3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -3.17% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -2.20% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | — | — |
Volatility
MAXJ vs. QGRD - Volatility Comparison
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Volatility by Period
| MAXJ | QGRD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 14.39% | -11.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 14.39% | -9.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.21% | 14.39% | -9.18% |
MAXJ vs. QGRD - Expense Ratio Comparison
MAXJ has a 0.50% expense ratio, which is lower than QGRD's 0.85% expense ratio.
Dividends
MAXJ vs. QGRD - Dividend Comparison
MAXJ's dividend yield for the trailing twelve months is around 0.98%, less than QGRD's 1.40% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MAXJ iShares Large Cap Max Buffer Jun ETF | 0.98% | 1.01% | 0.81% |
QGRD Horizon NASDAQ-100 Defined Risk ETF | 1.40% | 1.57% | 0.00% |
Frequently Asked Questions
MAXJ and QGRD have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MAXJ is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MAXJ is cheaper with a 0.50% expense ratio, compared with 0.85% for QGRD.
QGRD has the higher dividend yield at 1.40%, compared with 0.98% for MAXJ.
They also come from different issuers: iShares and Horizon. Their fees differ too: 0.50% for MAXJ and 0.85% for QGRD.
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