THYP vs MMAX

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

THYP vs MMAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

THYP

$74M

MMAX

$74M

Expense Ratio

Winner

THYP

0.30%

MMAX

0.50%

Max Drawdown

THYP

27.01%

Winner

MMAX

1.93%

Sharpe Ratio

Winner

THYP

2.63

MMAX

1.88

5Y Beta

THYP

3.55

Winner

MMAX

0.11

THYP vs MMAX - Historical Returns

Returns include dividend reinvestment.

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

THYP

-10.42%

Winner

MMAX

+0.46%

THYP

N/A

MMAX

+1.17%

THYP

N/A

MMAX

+3.37%

THYP

N/A

MMAX

+6.64%

Max(CAGR)

Winner

THYP

+696.04%

MMAX

+7.26%

THYP vs MMAX - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

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

THYP vs MMAX Drawdown Comparison

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

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

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

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

Correlation

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

-1.00

-101