MAXJ iShares Large Cap Max Buffer Jun ETF

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$29.65
+0.1% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Since Jul 1, 2026, IVV returned 3.3%. MAXJ can gain 6.1% more before its cap.

Absorbs losses from 0.5% to 100.0% on IVV and caps the gain at 8.0%, over a period ending Jun 30, 2027iShares ↗Expense ratio 0.50%Fund assets $164m on Oct 27, 2026Benchmark IVVFund page at the issuer ↗SEC filings ↗Every iShares fund ETFIQ coversDividend history

Promise check: Not measuredNo outcome period of its has finished in ETFIQ's record (snapshots from Sep 4, 2026).

MAXJ risk and return scorecard

vs IVV · Jul 2024 to Oct 2026 · 119 weekly returns · dividend-adjusted

Short history · 27 months
MAXJ +18.9%, IVV +39.5%, Jul 2024 to Oct 2026, distributions reinvested.
Return
MeasureMAXJIVVEdge
Total return+18.9%+39.5%IVV
Annualized+7.8%+15.6%IVV
Price return+16.7%+35.6%IVV
Risk
MeasureMAXJIVVEdge
Volatility5.1%15.1%MAXJ
Max drawdown−6.1%−16.9%MAXJ
Upside capture22.7%100.0%IVV
Downside capture29.5%100.0%MAXJ
Risk-adjusted
MeasureMAXJIVVEdge
Sharpe ratio0.700.76IVV (slight)
Sortino ratio1.111.16IVV (slight)
Alpha vs IVV
MeasureMAXJIVVEdge
Alpha, a year+0.1%Not significant
Alpha t-stat0.07
Beta to IVV0.301.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Oct 23, 2026
Last 3 trading days
$0
Last month
−$1.2m
Last 3 months
+$8.2m
Money in on 6 of the 63 trading days, out on 1.

What you earned

MAXJ +0.6%, IVV price return +0.9%: total return over one month to Oct 28, 2026.
MAXJ+0.6%
IVV+0.9%
MAXJ +2.0%, IVV price return +5.8%: total return over three months to Oct 28, 2026.
MAXJ+2.0%
IVV+5.8%
MAXJ +3.2%, IVV price return +8.5%: total return over six months to Oct 28, 2026.
MAXJ+3.2%
IVV+8.5%
MAXJ +5.2%, IVV price return +13.2%: total return over the year to Oct 28, 2026.
MAXJ+5.2%
IVV+13.2%
MAXJ +6.1%, IVV price return +12.4%: total return over one year to Oct 28, 2026.
MAXJ+6.1%
IVV+12.4%
MAXJ +19.8%, IVV price return +41.4%: total return since launch to Oct 28, 2026.
MAXJ+19.8%
IVV+41.4%

Where does it stand in this outcome period?

Outcome period Jul 1, 2026 to Jun 30, 2027
6.1%
Can still gain from today’s fund price
2.3%
Fall before the buffer from today’s fund price
99.5%
Protection left, index points
246
Days to reset

More on MAXJ

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Price, 1 year

$29.65+0.1%1 day, priceClose, Oct 28, 2026

Price only. Total return over the same days, distributions reinvested, was +6.1%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

MAXJ returns by window: total return, cash paid and price change
WindowTotal returnIVV price returnGap to IVV
1M Sep 28 – Oct 28, 2026+0.6%+0.9%−0.3 pts
3M Jul 29 – Oct 28, 2026+2.0%+5.8%−3.8 pts
6M Apr 29 – Oct 28, 2026+3.2%+8.5%−5.3 pts
YTD Dec 31, 2025 – Oct 28, 2026+5.2%+13.2%−8.0 pts
1Y Oct 28, 2025 – Oct 28, 2026+6.1%+12.4%−6.3 pts
Since launch Jul 1, 2024 – Oct 28, 2026+19.8%+41.4%−21.6 pts
Since launch, annualised Jul 1, 2024 – Oct 28, 2026+8.1%––

Total returns, distributions reinvested. IVV's column is its price return, dividends left out: the basis the outcome period uses. Listed Jul 2024: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

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Full floor
Full floorMAXJ: reference +3.3% since period start, fund ·; buffer −0 to floor; cap +8.0%; Full floor. Data to Oct 27, 2026.full floor beneathfull floor−0.5% buffer start0% period start+8.0% capfirst 0.5 pts are yours to lose+3.3% gain captured+4.8% more to the capTODAY · IVV +3.3%Full floorMAXJ: reference +3.3% since period start, fund ·; buffer −0 to floor; cap +8.0%; Full floor. Data to Oct 27, 2026.full floor beneathfull floor−0.5% buffer start0% start+8.0% capfirst 0.5 pts are yours to lose+3.3% gain captured+4.8% more to the capTODAY · IVV +3.3%

MAXJ: reference +3.3% since period start, fund ·; buffer −0 to floor; cap +8.0%; Full floor. Data to Oct 27, 2026.

Money in and out

Daily data · as of Oct 23, 2026

MAXJ: in the year to Oct 23, 2026, net $7.5m went out; in the month to Oct 23, 2026, $1.2m went out.

3D
$0
0.0% of $165m on Oct 20, 2026
Oct 21, 2026 to Oct 23, 2026
1M
−$1.2m
−0.7% of $165m on Sep 25, 2026
Sep 28, 2026 to Oct 23, 2026
3M
+$8.2m
5.3% of $154m on Jul 27, 2026
Jul 28, 2026 to Oct 23, 2026
YTD
−$3.0m
−1.8% of $160m on Dec 31, 2025
Jan 2, 2026 to Oct 23, 2026
1Y
−$7.5m
−4.5% of $165m on Oct 27, 2025
Oct 28, 2025 to Oct 23, 2026
Since May 2024
+$141m
May 1, 2024 to Oct 23, 2026
SEC filings, then daily counts
Net flow each trading day
Net flow into MAXJ each trading day, Jul 28, 2026 to Oct 23, 2026+$3.5m+$1.2m+$1.2m+$1.2m+$1.2m+$1.2m−$1.2m+$3.5m−$3.5mJul 28, 2026Oct 23, 2026

MAXJ, net flow each trading day over the 63 sessions from Jul 28, 2026 to Oct 23, 2026: money came in on 6 days and went out on 1 day.

Money in on 6 of the 63 trading days, out on 1.

Net flow into MAXJ each trading day, Oct 28, 2025 to Oct 23, 2026−$2.3m−$1.1m−$1.1m−$2.3m−$1.1m−$1.1m−$1.1m−$1.1m−$1.1m−$2.3m−$1.1m−$1.1m−$1.1m−$1.1m−$1.2m−$1.2m−$3.5m−$3.5m−$3.5m+$4.6m−$8.1m+$1.2m+$1.2m+$2.3m+$3.5m+$5.8m+$2.3m+$1.2m+$1.2m+$1.2m+$3.5m+$1.2m+$1.2m+$1.2m+$1.2m+$1.2m−$1.2m+$8.1m−$8.1mOct 28, 2025Oct 23, 2026

MAXJ, net flow each trading day over the 249 sessions from Oct 28, 2025 to Oct 23, 2026: money came in on 16 days and went out on 21 days.

Money in on 16 of the 249 trading days, out on 21.

Net flow into MAXJ each trading day, Mar 24, 2025 to Oct 23, 2026−$1.0m+$2.0m−$2.0m−$5.0m−$1.0m+$3.0m−$2.1m−$1.0m−$1.1m−$1.1m−$1.1m−$1.1m−$2.1m−$1.1m+$1.1m−$1.1m+$31.9m+$22.0m−$19.8m+$6.6m−$1.1m+$9.9m+$1.1m+$3.3m+$1.1m+$2.2m−$2.2m−$1.1m−$2.3m−$2.3m−$2.3m−$1.1m−$1.1m−$2.3m−$1.1m−$1.1m−$1.1m−$1.1m−$1.1m−$2.3m−$1.1m−$1.1m−$1.1m−$1.1m−$1.2m−$1.2m−$3.5m−$3.5m−$3.5m+$4.6m−$8.1m+$1.2m+$1.2m+$2.3m+$3.5m+$5.8m+$2.3m+$1.2m+$1.2m+$1.2m+$3.5m+$1.2m+$1.2m+$1.2m+$1.2m+$1.2m−$1.2m+$31.9m−$31.9mMar 24, 2025Oct 23, 2026

MAXJ, net flow each trading day over the 400 sessions from Mar 24, 2025 to Oct 23, 2026: money came in on 27 days and went out on 40 days.

Money in on 27 of the 400 trading days, out on 40.

Money in, netMoney out, net
Among its peers · 1 month
8 buffer ETFs counted all month; no rank at this size.
Checked against the filing
July 2026: ETFIQ’s daily sum +$22.2m; MAXJ’s SEC N-PORT, item B.6, +$22.2m. Matches the SEC filing for July 2026. Its next filing is due by Dec 30, 2026.

Computed by ETFIQ from iShares’s daily data: each day’s change in shares outstanding times the previous day’s net asset value.

How this is computed

Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Checked against the filing: The month’s daily sum and the filing’s B.6 number agree within rounding or, where the filing’s is larger, within rounding plus the fund’s creation and redemption fees. The full rule is in the fund’s flows file. Every day and month ETFIQ holds for MAXJ, back to May 2024, is in its flows file. Flows across every fund · How these flows are computed · Compare MAXJ with other funds in the flows tool

Every trading day, last 3 months63 days
Oct 23, 2026 $0
Oct 22, 2026 $0
Oct 21, 2026 $0
Oct 20, 2026 $0
Oct 19, 2026 $0
Oct 16, 2026 $0
Oct 15, 2026 $0
Oct 14, 2026 $0
Oct 13, 2026 $0
Oct 12, 2026 $0
Oct 9, 2026 $0
Oct 8, 2026 $0
Oct 7, 2026 $0
Oct 6, 2026 $0
Oct 5, 2026 $0
Oct 2, 2026 $0
Oct 1, 2026 $0
Sep 30, 2026 $0
Sep 29, 2026 $0
Sep 28, 2026 −$1.2m
Sep 25, 2026 $0
Sep 24, 2026 $0
Sep 23, 2026 $0
Sep 22, 2026 $0
Sep 21, 2026 $0
Sep 18, 2026 $0
Sep 17, 2026 $0
Sep 16, 2026 $0
Sep 15, 2026 $0
Sep 14, 2026 $0
Sep 11, 2026 $0
Sep 10, 2026 $0
Sep 9, 2026 $0
Sep 8, 2026 $0
Sep 4, 2026 +$1.2m
Sep 3, 2026 $0
Sep 2, 2026 $0
Sep 1, 2026 $0
Aug 31, 2026 $0
Aug 28, 2026 $0
Aug 27, 2026 $0
Aug 26, 2026 $0
Aug 25, 2026 $0
Aug 24, 2026 $0
Aug 21, 2026 $0
Aug 20, 2026 $0
Aug 19, 2026 $0
Aug 18, 2026 $0
Aug 17, 2026 $0
Aug 14, 2026 +$1.2m
Aug 13, 2026 $0
Aug 12, 2026 $0
Aug 11, 2026 $0
Aug 10, 2026 $0
Aug 7, 2026 $0
Aug 6, 2026 $0
Aug 5, 2026 +$1.2m
Aug 4, 2026 +$1.2m
Aug 3, 2026 $0
Jul 31, 2026 +$1.2m
Jul 30, 2026 $0
Jul 29, 2026 $0
Jul 28, 2026 +$3.5m

Most recent first.

Week by week, last year52 weeks
Oct 23, 2026 $0
Oct 16, 2026 $0
Oct 9, 2026 $0
Oct 2, 2026 −$1.2m
Sep 25, 2026 $0
Sep 18, 2026 $0
Sep 11, 2026 $0 4 days
Sep 4, 2026 +$1.2m
Aug 28, 2026 $0
Aug 21, 2026 $0
Aug 14, 2026 +$1.2m
Aug 7, 2026 +$2.3m
Jul 31, 2026 +$5.8m
Jul 24, 2026 +$2.3m
Jul 17, 2026 $0
Jul 10, 2026 +$11.7m
Jul 2, 2026 +$3.5m 4 days
Jun 26, 2026 +$1.2m
Jun 18, 2026 $0 4 days
Jun 12, 2026 −$3.5m
Jun 5, 2026 $0
May 29, 2026 −$6.9m 4 days
May 22, 2026 −$3.5m
May 15, 2026 $0
May 8, 2026 −$1.2m
May 1, 2026 −$2.3m
Apr 24, 2026 $0
Apr 17, 2026 $0
Apr 10, 2026 $0
Apr 2, 2026 $0 4 days
Mar 27, 2026 $0
Mar 20, 2026 −$1.1m
Mar 13, 2026 −$1.1m
Mar 6, 2026 −$3.4m
Feb 27, 2026 −$1.1m
Feb 20, 2026 $0 4 days
Feb 13, 2026 −$1.1m
Feb 6, 2026 −$1.1m
Jan 30, 2026 −$1.1m
Jan 23, 2026 $0 4 days
Jan 16, 2026 $0
Jan 9, 2026 −$3.4m
Jan 2, 2026 $0 4 days
Dec 26, 2025 $0 4 days
Dec 19, 2025 $0
Dec 12, 2025 −$1.1m
Dec 5, 2025 $0
Nov 28, 2025 −$1.1m 4 days
Nov 21, 2025 $0
Nov 14, 2025 $0
Nov 7, 2025 $0
Oct 31, 2025 −$2.3m 4 days

Net flow into MAXJ each week, Oct 28, 2025 to Oct 23, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outMay 2024 to Oct 2026

MAXJ, money in and money out each month from May 2024 to Sep 2026: two bars a month, money in above the line and money out below. Bars for May 2024 to Jul 2026 are from MAXJ’s SEC filings (N-PORT item B.6), and for Aug 2026 to Sep 2026 ETFIQ’s sums of its days. Oct 2026 is still in progress, so it is in the list and not drawn. Of the 30 months listed, money came in on net in 9 and went out in 18.

Bars for May 2024 to Jul 2026 are from MAXJ’s SEC filings (N-PORT item B.6), and for Aug 2026 to Sep 2026 ETFIQ’s sums of its days. Of the 30 months listed, money came in on net in 9 and went out in 18.

MonthInOutNet
Oct 2026 ETFIQ, the sum of its days, Oct 1 to Oct 23$0$0$0
Sep 2026 ETFIQ, the sum of its days+$1.2m−$1.2m−$618
Aug 2026 ETFIQ, the sum of its days+$3.5m$0+$3.5m
Jul 2026 SEC Form N-PORT+$23.3m−$1.2m+$22.2m
Jun 2026 SEC Form N-PORT+$7.0m−$8.1m−$1.2m
May 2026 SEC Form N-PORT$0−$11.6m−$11.6m
Apr 2026 SEC Form N-PORT$0−$2.3m−$2.3m
Mar 2026 SEC Form N-PORT$0−$5.7m−$5.7m
Feb 2026 SEC Form N-PORT$0−$3.4m−$3.4m
Jan 2026 SEC Form N-PORT$0−$4.5m−$4.5m
Dec 2025 SEC Form N-PORT$0−$1.1m−$1.1m
Nov 2025 SEC Form N-PORT$0−$1.1m−$1.1m
Oct 2025 SEC Form N-PORT$0−$10.1m−$10.1m
Sep 2025 SEC Form N-PORT+$2.2m$0+$2.2m
Aug 2025 SEC Form N-PORT+$5.6m$0+$5.6m
Jul 2025 SEC Form N-PORT+$70.4m−$22.0m+$48.4m
Jun 2025 SEC Form N-PORT+$1.1m−$3.2m−$2.1m
May 2025 SEC Form N-PORT$0−$7.4m−$7.4m
Apr 2025 SEC Form N-PORT+$5.0m−$8.0m−$3.0m
Mar 2025 SEC Form N-PORT$0−$4.1m−$4.1m
Feb 2025 SEC Form N-PORT$0−$4.2m−$4.2m
Jan 2025 SEC Form N-PORT$0−$10.6m−$10.6m
Dec 2024 SEC Form N-PORT$0−$6.3m−$6.3m
Nov 2024 SEC Form N-PORT$0−$28.4m−$28.4m
Oct 2024 SEC Form N-PORT+$3.1m−$2.1m+$1.0m
Sep 2024 SEC Form N-PORT+$6.2m$0+$6.2m
Aug 2024 SEC Form N-PORT+$86.5m$0+$86.5m
Jul 2024 SEC Form N-PORT+$72.5m$0+$72.5m
Jun 2024 SEC Form N-PORT$0$0$0
May 2024 SEC Form N-PORT$0$0$0

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 23, 2026.

MAXJ key stats

52-week high, daily closes to Oct 27, 2026 (ETFIQ)$29.68 on Oct 9, 2026
52-week low, daily closes to Oct 27, 2026 (ETFIQ)$27.98 on Mar 30, 2026
Close on Oct 27, 2026, within that range (ETFIQ)$29.62, 97% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 27, 2026
Trading · MAXJas of Oct 27, 2026
·
Not scored3 of 6 measured · Oct 27, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
Premium or discount to NAV, Oct 27 close−0.09%
−0.2%95% of days within ±0.14% · the 1% band is off this scale+0.2%
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

About MAXJ

Reference indexIVV
IVV level the buffer and cap were set from748.89
Buffer0% to 100%
Outcome periodJul 1, 2026 to Jun 30, 2027
Starting cap+8.0%
IVV return from the strike level+3.3%
Fund return since period startnot published
Net assets (the issuer’s own daily fund list, as of Oct 27, 2026)$164mReport
Band state today (ETFIQ)Open
Can still gain (issuer, fund price)6.1%
Fall before buffer (issuer, fund price)2.3%
Fall to the buffer in index terms (ETFIQ)3.6%
Protection left in index points (ETFIQ)99.5% of 99.5%
Days left in period246
Expense ratio (issuer page, Oct 27, 2026)0.50%Report
How we measure
Issuer-published data as of the date shown; ETFIQ calculations marked. Definitions on the learn page. Method
IQ Investment Committee on MAXJ

12 seats on MAXJ, as of Oct 28, 2026: 2 Challenges, 7 Not enough data, 3 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingDoes not apply
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put MAXJ to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about MAXJ

How much can MAXJ still gain?
About 6.1% from its price on Oct 27, 2026, before it reaches its cap, by the issuer's published number. The cap for the period was set at +8.0%.
How far can MAXJ fall before the buffer helps?
2.3% in fund-price terms on Oct 27, 2026, by the issuer's number. In index terms IVV can fall 3.6% from that level before the buffer begins. Losses until that point are the holder's.
How much of the MAXJ buffer is left?
99.5% of the 99.5% buffer sat below the IVV level on Oct 27, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does MAXJ reset?
The outcome period ends on Jun 30, 2027, 246 days from the data on Oct 27, 2026. A new cap is set the next day and the buffer starts again.
What does MAXJ cost?
The prospectus expense ratio is 0.50% a year.
Sources and dates
Prices, MAXJ and IVV price returnTiingo end-of-day · Oct 28, 2026
Fee, 0.50%Issuer page · Oct 27, 2026
Net assets, $164mThe issuer’s own daily fund list · Oct 27, 2026

Links are sources, not endorsements.

Cite this pageCitation, APA and Markdown

ETFIQ, MAXJ, buffer ETFs, data as of Oct 27, 2026. https://etfiq.com/funds/maxj

The outcome band for MAXJ, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Buffer
The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.
The most the fund can return over the period if held from the first day to the last. Quoted gross and net of fees. Set by the option market on day one, so the same fund can have a different cap each year.
The window, usually twelve months and sometimes six or three, over which the buffer and, where there is one, the cap apply. On its last day the options expire, the fund resets, and fresh terms are struck from that day’s option prices.
Reset
The day one outcome period ends and the next begins, with a fresh buffer and fresh terms struck at that day’s level.
How much of the buffer still sits below today’s index level. All of it when the index is above its starting level; less once the index is inside the buffer range.
Embed this chart

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MAXJ: MAXJ: reference +3.3% since period start, fund ·; buffer −0 to floor; cap +8.0%; Full floor. Data to Oct 27, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/maxj"><img src="https://etfiq.com/assistant/api/embed/buffer/maxj.svg" alt="MAXJ: MAXJ: reference +3.3% since period start, fund ·; buffer −0 to floor; cap +8.0%; Full floor. Data to Oct 27, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">MAXJ: MAXJ: reference +3.3% since period start, fund ·; buffer −0 to floor; cap +8.0%; Full floor. Data to Oct 27, 2026. Data: <a href="https://etfiq.com/funds/maxj">ETFIQ</a></figcaption>
</figure>

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Snapshot, Oct 27, 2026. More on the tabs above.