MMAX vs THYP

Comparison between ISHARES LARGE CAP MAX BUFFER MAR ETF (MMAX, ETF) and 21Shares Hyperliquid ETF (THYP, ETF).

MMAX vs THYP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMAX(ETF)	THYP(ETF)
Net Assets	$74M	$74M
Expense Ratio	0.50%	0.30%
Max Drawdown	1.93%	27.01%
Sharpe Ratio	1.88	2.63
5Y Beta	0.11	3.55

Net Assets

MMAX

$74M

Winner

THYP

$74M

Expense Ratio

MMAX

0.50%

Winner

THYP

0.30%

Max Drawdown

Winner

MMAX

1.93%

THYP

27.01%

Sharpe Ratio

MMAX

1.88

Winner

THYP

2.63

5Y Beta

Winner

MMAX

0.11

THYP

3.55

MMAX vs THYP - Historical Returns

Returns include dividend reinvestment.

Period	MMAX	THYP
1 month	+0.46%	-10.42%
3 months	+1.17%	N/A
6 months	+3.37%	N/A
1 year	+6.64%	N/A
Max(CAGR)	+7.26%	+696.04%

Winner

MMAX

+0.46%

THYP

-10.42%

MMAX

+1.17%

THYP

N/A

MMAX

+3.37%

THYP

N/A

MMAX

+6.64%

THYP

N/A

Max(CAGR)

MMAX

+7.26%

Winner

THYP

+696.04%

MMAX vs THYP - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	MMAX	THYP
2026	+3.43%	+48.82%
2025	+5.88%	N/A

MMAX vs THYP Drawdown Comparison

The maximum drawdown for MMAX was -1.93%, occurring on Apr 4, 2025. Recovery took 21 trading sessions.

The maximum drawdown for THYP was -27.01%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The current MMAX drawdown is -0.04%. The current THYP drawdown is -18.18%.

Rank	MMAX	THYP
#1	-1.93% Apr 2, 2025 - May 2, 2025	-27.01% Jun 1, 2026 - Jun 10, 2026
#2	-0.46% Jun 2, 2026 - Jul 2, 2026	-3.68% May 21, 2026 - May 26, 2026
#3	-0.36% May 5, 2025 - May 12, 2025	-3.61% May 12, 2026 - May 14, 2026
#4	-0.35% May 16, 2025 - Jun 2, 2025	-1.28% May 26, 2026 - May 28, 2026
#5	-0.34% Nov 12, 2025 - Nov 25, 2025	-0.33% May 14, 2026 - May 18, 2026
#6	-0.28% May 13, 2025 - May 16, 2025	N/A
#7	-0.27% Aug 18, 2025 - Aug 22, 2025	N/A
#8	-0.23% Oct 27, 2025 - Nov 10, 2025	N/A
#9	-0.23% Feb 2, 2026 - Feb 9, 2026	N/A
#10	-0.20% May 11, 2026 - May 22, 2026	N/A
#11	-0.20% Jul 15, 2026 - Jul 17, 2026	N/A
#12	-0.17% Jul 29, 2025 - Aug 6, 2025	N/A
#13	-0.17% Oct 9, 2025 - Oct 14, 2025	N/A
#14	-0.17% Jan 9, 2026 - Jan 22, 2026	N/A
#15	-0.16% Jun 12, 2025 - Jun 23, 2025	N/A

Correlation

Correlation between MMAX and THYP is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

-101