XSHD vs MMAX

Comparison between INVESCO S&P SMALLCAP HIGH DIVIDEND LOW VOLATILITY ETF (XSHD, ETF) and ISHARES LARGE CAP MAX BUFFER MAR ETF (MMAX, ETF).

XSHD vs MMAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	XSHD(ETF)	MMAX(ETF)
Net Assets	$73M	$72M
Expense Ratio	0.30%	0.50%
Max Drawdown	54.99%	1.93%
Sharpe Ratio	0.40	2.55
5Y Beta	0.61	0.11
P/E Ratio	47.60	N/A
Forward P/E	14.40	N/A
5Y Dividends CAGR	-2.96%	N/A
5Y EPS CAGR	-0.66%	N/A
Debt to Equity	123.71%	N/A
P/S Ratio	1.06	N/A
P/B Ratio	1.19	N/A

Net Assets

Winner

XSHD

$73M

MMAX

$72M

Expense Ratio

Winner

XSHD

0.30%

MMAX

0.50%

Max Drawdown

XSHD

54.99%

Winner

MMAX

1.93%

Sharpe Ratio

XSHD

0.40

Winner

MMAX

2.55

5Y Beta

XSHD

0.61

Winner

MMAX

0.11

P/E Ratio

XSHD

47.60

MMAX

N/A

Forward P/E

XSHD

14.40

MMAX

N/A

5Y Dividends CAGR

XSHD

-2.96%

MMAX

N/A

5Y EPS CAGR

XSHD

-0.66%

MMAX

N/A

Debt to Equity

XSHD

123.71%

MMAX

N/A

P/S Ratio

XSHD

1.06

MMAX

N/A

P/B Ratio

XSHD

1.19

MMAX

N/A

XSHD vs MMAX - Holdings Comparison

XSHD and MMAX have 0 common holdings. Overlap is 0.00%

XSHD's top 25 holdings weight is 65.52%. MMAX's top 25 holdings weight is 112.44%.

Rank	XSHD	MMAX
#1	INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) - 3.76%	ISHARES CORE S&P 500 ETF (IVV) - 112.44%
#2	KINETIK HOLDINGS INC (KNTK) - 3.19%	N/A
#3	APPLE HOSPITALITY REIT INC (APLE) - 3.08%	N/A
#4	ARMOUR RESIDENTIAL REIT INC (ARR) - 3.06%	N/A
#5	CAL-MAINE FOODS INC (CALM) - 3.06%	N/A
#6	EASTERLY GOVERNMENT PROPERTIES INC (DEA) - 3.06%	N/A
#7	GLOBAL NET LEASE INC (GNL) - 3.04%	N/A
#8	ROBERT HALF INC (RHI) - 2.94%	N/A
#9	TWO HARBORS INVESTMENT CORP (TWO) - 2.93%	N/A
#10	AMERICAN ASSETS TRUST INC (AAT) - 2.90%	N/A
#11	SAUL CENTERS INC (BFS) - 2.65%	N/A
#12	KODIAK GAS SERVICES INC (KGS) - 2.58%	N/A
#13	ADAMAS TRUST INC (ADAM) - 2.58%	N/A
#14	REDWOOD TRUST INC (RWT) - 2.51%	N/A
#15	UNIVERSAL HEALTH REALTY INCOME TRUST (UHT) - 2.45%	N/A
#16	HIGHWOODS PROPERTIES INC (HIW) - 2.43%	N/A
#17	FRANKLIN BSP REALTY TRUST INC. (FBRT) - 2.35%	N/A
#18	APOLLO COMMERCIAL REAL ESTATE FINANCE INC (ARI) - 2.30%	N/A
#19	ELLINGTON FINANCIAL INC (EFC) - 2.28%	N/A
#20	ARBOR REALTY TRUST INC (ABR) - 2.20%	N/A
#21	THE WENDY'S CO CLASS A (WEN) - 2.20%	N/A
#22	PENNYMAC MORTGAGE INVESTMENT TRUST (PMT) - 2.05%	N/A
#23	JOHN WILEY & SONS INC CLASS A (WLY) - 2.05%	N/A
#24	CLEARWAY ENERGY INC CLASS C (CWEN) - 1.94%	N/A
#25	UNIVERSAL CORP (UVV) - 1.93%	N/A
Total Holdings	57	1

XSHD vs MMAX - Historical Returns

Returns include dividend reinvestment.

Period	XSHD	MMAX
1 month	+0.93%	+0.04%
3 months	+4.60%	+2.10%
6 months	+10.31%	+3.43%
1 year	+8.03%	+7.11%
5 years(CAGR)	-5.23%	N/A
10 years(CAGR)	-0.47%	N/A
Max(CAGR)	-0.47%	+7.44%

Winner

XSHD

+0.93%

MMAX

+0.04%

Winner

XSHD

+4.60%

MMAX

+2.10%

Winner

XSHD

+10.31%

MMAX

+3.43%

Winner

XSHD

+8.03%

MMAX

+7.11%

5Y(CAGR)

XSHD

-5.23%

MMAX

N/A

10Y(CAGR)

XSHD

-0.47%

MMAX

N/A

Max(CAGR)

XSHD

-0.47%

Winner

MMAX

+7.44%

XSHD vs MMAX - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	XSHD	MMAX
2026	+8.93%	+2.80%
2025	-6.54%	+5.88%
2024	-5.55%	N/A
2023	+1.20%	N/A
2022	-20.40%	N/A
2021	+19.69%	N/A
2020	-12.82%	N/A
2019	+17.43%	N/A
2018	-8.26%	N/A
2017	+0.84%	N/A
2016	+4.92%	N/A

XSHD vs MMAX Drawdown Comparison

The maximum drawdown for XSHD was -49.49%, occurring on Apr 3, 2020. Recovery took 639 trading sessions.

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

The current XSHD drawdown is -23.54%. The current MMAX drawdown is -0.35%.

Rank	XSHD	MMAX
#1	-49.49% Aug 21, 2018 - Mar 8, 2021	-1.93% Apr 2, 2025 - May 2, 2025
#2	-36.84% Jun 9, 2021 - Apr 8, 2025	-0.36% May 5, 2025 - May 12, 2025
#3	-9.11% Jan 4, 2017 - Nov 20, 2017	-0.35% May 16, 2025 - Jun 2, 2025
#4	-8.67% Nov 29, 2017 - May 25, 2018	-0.35% Jun 2, 2026 - Jun 5, 2026
#5	-7.89% Mar 12, 2021 - Jun 1, 2021	-0.34% Nov 12, 2025 - Nov 25, 2025
#6	-2.63% Jul 6, 2018 - Aug 17, 2018	-0.28% May 13, 2025 - May 16, 2025
#7	-1.43% Dec 9, 2016 - Dec 19, 2016	-0.27% Aug 18, 2025 - Aug 22, 2025
#8	-1.34% Dec 27, 2016 - Jan 4, 2017	-0.23% Oct 27, 2025 - Nov 10, 2025
#9	-1.06% May 30, 2018 - Jun 4, 2018	-0.23% Feb 2, 2026 - Feb 9, 2026
#10	-1.01% Dec 21, 2016 - Dec 27, 2016	-0.20% May 11, 2026 - May 22, 2026
#11	-0.92% Jun 2, 2021 - Jun 8, 2021	-0.17% Jul 29, 2025 - Aug 6, 2025
#12	-0.84% Jun 21, 2018 - Jul 2, 2018	-0.17% Oct 9, 2025 - Oct 14, 2025
#13	-0.79% May 25, 2018 - May 30, 2018	-0.17% Jan 9, 2026 - Jan 22, 2026
#14	-0.55% Mar 8, 2021 - Mar 10, 2021	-0.16% Jun 12, 2025 - Jun 23, 2025
#15	-0.51% Dec 6, 2016 - Dec 8, 2016	-0.13% Mar 4, 2026 - Mar 10, 2026

Correlation

Correlation between XSHD and MMAX is 0.77 which considered as a strong positive correlation - the stocks tend to move together.

0.77

-101

Dividend Comparison (2016 - 2026)

XSHD vs MMAX dividend yield comparison.

Year	XSHD	MMAX
2026	2.13%	0.00%
2025	6.44%	1.31%
2024	7.25%	0.00%
2023	7.62%	0.00%
2022	6.77%	0.00%
2021	3.86%	0.00%
2020	5.55%	0.00%
2019	4.88%	0.00%
2018	5.49%	0.00%
2017	4.11%	0.00%
2016	0.41%	0.00%