MMAX vs. BUFP
Compare and contrast key facts about iShares Large Cap Max Buffer Mar ETF (MMAX) and PGIM Laddered S&P 500 Buffer 12 ETF (BUFP).
MMAX and BUFP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MMAX is an actively managed fund by iShares. It was launched on Mar 31, 2025. BUFP is a passively managed fund by PGIM that tracks the performance of the S&P 500. It was launched on Jun 11, 2024.
Performance
MMAX vs. BUFP - Performance Comparison
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MMAX vs. BUFP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MMAX iShares Large Cap Max Buffer Mar ETF | 1.32% | 5.88% |
BUFP PGIM Laddered S&P 500 Buffer 12 ETF | -1.34% | 14.86% |
Returns By Period
In the year-to-date period, MMAX achieves a 1.32% return, which is significantly higher than BUFP's -1.34% return.
MMAX
- 1D
- 0.06%
- 1M
- 0.56%
- YTD
- 1.32%
- 6M
- 3.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BUFP
- 1D
- 1.96%
- 1M
- -2.04%
- YTD
- -1.34%
- 6M
- 1.19%
- 1Y
- 13.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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MMAX vs. BUFP - Expense Ratio Comparison
Both MMAX and BUFP have an expense ratio of 0.50%.
Return for Risk
MMAX vs. BUFP — Risk / Return Rank
MMAX
BUFP
MMAX vs. BUFP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Max Buffer Mar ETF (MMAX) and PGIM Laddered S&P 500 Buffer 12 ETF (BUFP). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| MMAX | BUFP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.82 | 1.02 | +1.80 |
Correlation
The correlation between MMAX and BUFP is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MMAX vs. BUFP - Dividend Comparison
MMAX's dividend yield for the trailing twelve months is around 1.30%, more than BUFP's 0.01% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
MMAX iShares Large Cap Max Buffer Mar ETF | 1.30% | 1.31% | 0.00% |
BUFP PGIM Laddered S&P 500 Buffer 12 ETF | 0.01% | 0.01% | 0.02% |
Drawdowns
MMAX vs. BUFP - Drawdown Comparison
The maximum MMAX drawdown since its inception was -1.93%, smaller than the maximum BUFP drawdown of -11.98%. Use the drawdown chart below to compare losses from any high point for MMAX and BUFP.
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Drawdown Indicators
| MMAX | BUFP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.93% | -11.98% | +10.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.16% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.54% | +2.54% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -1.08% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.42% | — |
Volatility
MMAX vs. BUFP - Volatility Comparison
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Volatility by Period
| MMAX | BUFP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 11.11% | -8.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.61% | 9.79% | -7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.61% | 9.79% | -7.18% |