MMAX vs. USD=X
MMAX (iShares Large Cap Max Buffer Mar ETF) is Defined Outcome fund actively managed by iShares, while USD=X (USD Cash) is a currency. Over the past year, MMAX returned 7.44% vs 0.00% for USD=X.
Performance
MMAX vs. USD=X - Performance Comparison
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Returns By Period
MMAX
- 1D
- 0.07%
- 1M
- 0.24%
- YTD
- 3.03%
- 6M
- 3.60%
- 1Y
- 7.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
MMAX vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MMAX iShares Large Cap Max Buffer Mar ETF | 3.03% | 6.04% |
USD=X USD Cash | 0.00% | 0.00% |
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Return for Risk
MMAX vs. USD=X — Risk / Return Rank
MMAX
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MMAX vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Max Buffer Mar ETF (MMAX) and USD Cash (USD=X). 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.
| MMAX | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 15.81 | — | — |
| Martin ratioReturn relative to average drawdown | 86.95 | — | — |
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Drawdowns
MMAX vs. USD=X - Drawdown Comparison
The maximum MMAX drawdown since its inception was -1.93%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MMAX and USD=X.
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Drawdown Indicators
| MMAX | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.93% | 0.00% | -1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.46% | 0.00% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | 0.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | 0.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | 0.00% | — |
Current DrawdownCurrent decline from peak | -0.18% | 0.00% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -0.10% | 0.00% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 0.00% | +0.08% |
Volatility
MMAX vs. USD=X - Volatility Comparison
iShares Large Cap Max Buffer Mar ETF (MMAX) has a higher volatility of 0.45% compared to USD Cash (USD=X) at 0.00%. This indicates that MMAX's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMAX | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 0.00% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | 0.00% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 0.00% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.49% | 0.00% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.49% | 0.00% | +2.49% |
Frequently Asked Questions
MMAX has higher volatility (0.45%) compared to USD=X (0.00%). In terms of maximum drawdown, MMAX dropped -1.93% vs USD=X's 0.00%.
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