ACVT vs. BMAX

Last updated Jun 4, 2026

ACVT (Advent Convertible Bond ETF) and BMAX (REX Bitcoin Corporate Treasury Convertible Bond ETF) are both Convertible Bonds funds. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. ACVT charges 0.65%/yr vs 1.14%/yr for BMAX.

Performance

ACVT vs. BMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advent Convertible Bond ETF (ACVT) and REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ACVT

• 1D: -0.88%
• 1M: 2.44%
• YTD: 5.06%
• 6M: 5.31%
• 1Y: 10.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACVT vs. BMAX - Yearly Performance Comparison

	2026 (YTD)	2025
ACVT Advent Convertible Bond ETF	5.06%	8.11%
BMAX REX Bitcoin Corporate Treasury Convertible Bond ETF	4.03%	-20.22%

Correlation

The correlation between ACVT and BMAX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since May 1, 2025	0.32

Return for Risk

ACVT vs. BMAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACVT

ACVT Risk / Return Rank: 55
ACVT Sharpe Ratio Rank: 57
ACVT Sortino Ratio Rank: 62
ACVT Omega Ratio Rank: 59
ACVT Calmar Ratio Rank: 46
ACVT Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACVT vs. BMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advent Convertible Bond ETF (ACVT) and REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX). 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.

	ACVT	BMAX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	—	—
Sortino ratio: Return per unit of downside risk	2.85	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	2.24	—	—
Martin ratio: Return relative to average drawdown	8.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ACVT	BMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	—	—

Drawdowns

Drawdown Indicators

	ACVT	BMAX	Difference
Max Drawdown Largest peak-to-trough decline	-4.81%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.81%	—	—
Current Drawdown Current decline from peak	-1.09%	—	—
Average Drawdown Average peak-to-trough decline	-0.79%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.28%	—	—

Volatility

Volatility by Period

	ACVT	BMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.66%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.73%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.73%	—	—

ACVT vs. BMAX - Expense Ratio Comparison

ACVT has a 0.65% expense ratio, which is lower than BMAX's 1.14% expense ratio.

Dividends

ACVT vs. BMAX - Dividend Comparison

ACVT's dividend yield for the trailing twelve months is around 1.64%, while BMAX has not paid dividends to shareholders.

Position	TTM	2025
ACVT Advent Convertible Bond ETF	1.64%	1.19%
BMAX REX Bitcoin Corporate Treasury Convertible Bond ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ACVT and BMAX in my portfolio?

ACVT and BMAX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACVT or BMAX?

On fees, ACVT is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACVT or BMAX?

ACVT is cheaper with a 0.65% expense ratio, compared with 1.14% for BMAX.

Which ETF pays a higher dividend yield, ACVT or BMAX?

ACVT has the higher dividend yield at 1.64%, compared with 0.00% for BMAX.

What is the main difference between ACVT and BMAX?

They also come from different issuers: Advent and REX. Their fees differ too: 0.65% for ACVT and 1.14% for BMAX.