MAXJ vs. SHUS
MAXJ (iShares Large Cap Max Buffer Jun ETF) and SHUS (Stratified LargeCap Hedged ETF) are both Equity Hedged funds. Both are actively managed. Over the past year, MAXJ returned 7.01% vs 18.08% for SHUS. Their 0.57 correlation means they have sometimes moved together and sometimes differently. MAXJ charges 0.50%/yr vs 0.79%/yr for SHUS.
Performance
MAXJ vs. SHUS - Performance Comparison
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Returns By Period
In the year-to-date period, MAXJ achieves a 3.65% return, which is significantly lower than SHUS's 11.17% return.
MAXJ
- 1D
- 0.22%
- 1M
- 0.34%
- 6M
- 3.11%
- YTD
- 3.65%
- 1Y
- 7.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.32%
SHUS
- 1D
- -0.09%
- 1M
- 0.21%
- 6M
- 7.84%
- YTD
- 11.17%
- 1Y
- 18.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.74M | $2.01M | $1.56M | |
| $381.44 | $481.50 | $2.69K |
MAXJ vs. SHUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MAXJ iShares Large Cap Max Buffer Jun ETF | 3.65% | 8.97% | 1.64% |
SHUS Stratified LargeCap Hedged ETF | 11.17% | 10.89% | -2.65% |
Correlation
The correlation between MAXJ and SHUS is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2024 | 0.57 |
The correlation between MAXJ and SHUS has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.
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Return for Risk
MAXJ vs. SHUS — Risk / Return Rank
MAXJ
SHUS
MAXJ vs. SHUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Max Buffer Jun ETF (MAXJ) and Stratified LargeCap Hedged ETF (SHUS). 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 | SHUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.30 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 2.49 | +1.55 |
| Martin ratioReturn relative to average drawdown | 23.21 | 8.97 | +14.24 |
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Drawdowns
MAXJ vs. SHUS - Drawdown Comparison
The maximum MAXJ drawdown since its inception was -6.35%, smaller than the maximum SHUS drawdown of -14.09%. Use the drawdown chart below to compare losses from any high point for MAXJ and SHUS.
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Drawdown Indicators
| MAXJ | SHUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.35% | -14.09% | +7.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -6.95% | +5.25% |
Current DrawdownCurrent decline from peak | -0.06% | -1.06% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -2.48% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 1.92% | -1.62% |
Volatility
MAXJ vs. SHUS - Volatility Comparison
The current volatility for iShares Large Cap Max Buffer Jun ETF (MAXJ) is 0.68%, while Stratified LargeCap Hedged ETF (SHUS) has a volatility of 2.85%. This indicates that MAXJ experiences smaller price fluctuations and is considered to be less risky than SHUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAXJ | SHUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 2.85% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 7.37% | -5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.35% | 10.12% | -7.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 12.41% | -7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 12.41% | -7.31% |
MAXJ vs. SHUS - Expense Ratio Comparison
MAXJ has a 0.50% expense ratio, which is lower than SHUS's 0.79% expense ratio.
Dividends
MAXJ vs. SHUS - Dividend Comparison
MAXJ's dividend yield for the trailing twelve months is around 0.97%, less than SHUS's 1.24% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MAXJ iShares Large Cap Max Buffer Jun ETF | 0.97% | 1.01% | 0.81% |
SHUS Stratified LargeCap Hedged ETF | 1.24% | 1.37% | 0.26% |
Frequently Asked Questions
MAXJ and SHUS have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHUS has higher volatility (2.85%) compared to MAXJ (0.68%). In terms of maximum drawdown, MAXJ dropped -6.35% vs SHUS's -14.09%.
On 1-year performance, SHUS leads with 18.08% vs 7.01% for MAXJ. On fees, MAXJ is cheaper at 0.50% per year. On volatility, MAXJ has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SHUS has performed better with a 18.08% return vs 7.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MAXJ is cheaper with a 0.50% expense ratio, compared with 0.79% for SHUS.
SHUS has the higher dividend yield at 1.24%, compared with 0.97% for MAXJ.
They also come from different issuers: iShares and Exchange Traded Concepts. Their fees differ too: 0.50% for MAXJ and 0.79% for SHUS.
MAXJ currently has the higher Sharpe Ratio (2.94 vs 1.72), 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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