BDIV vs. BMAX

Last updated Jun 4, 2026

BDIV (AAM Brentview Dividend Growth ETF) and BMAX (REX Bitcoin Corporate Treasury Convertible Bond ETF) are both exchange-traded funds - BDIV is a Large Cap Value Equities fund actively managed by AAM, while BMAX is a Convertible Bonds fund actively managed by REX. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. BDIV charges 0.49%/yr vs 1.14%/yr for BMAX.

Performance

BDIV vs. BMAX - Performance Comparison

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

Returns By Period

BDIV

• 1D: 0.04%
• 1M: 1.48%
• YTD: 7.27%
• 6M: 6.86%
• 1Y: 20.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMAX

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

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

BDIV vs. BMAX - Yearly Performance Comparison

	2026 (YTD)	2025
BDIV AAM Brentview Dividend Growth ETF	7.27%	18.58%
BMAX REX Bitcoin Corporate Treasury Convertible Bond ETF	4.03%	-13.05%

Correlation

The correlation between BDIV and BMAX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Mar 17, 2025	0.36

Return for Risk

BDIV vs. BMAX — Risk / Return Rank

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

BDIV

BDIV Risk / Return Rank: 63
BDIV Sharpe Ratio Rank: 63
BDIV Sortino Ratio Rank: 68
BDIV Omega Ratio Rank: 63
BDIV Calmar Ratio Rank: 59
BDIV Martin Ratio Rank: 64

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.

BDIV vs. BMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Brentview Dividend Growth ETF (BDIV) 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.

	BDIV	BMAX	Difference
Sharpe ratio Return per unit of total volatility	2.10	—	—
Sortino ratio Return per unit of downside risk	3.07	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	2.89	—	—
Martin ratio Return relative to average drawdown	11.51	—	—
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

	BDIV	BMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	—	—

Drawdowns

Drawdown Indicators

	BDIV	BMAX	Difference
Max Drawdown Largest peak-to-trough decline	-14.98%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	—	—
Current Drawdown Current decline from peak	-0.53%	—	—
Average Drawdown Average peak-to-trough decline	-1.99%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	—	—

Volatility

Volatility by Period

	BDIV	BMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.69%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.41%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.41%	—	—

BDIV vs. BMAX - Expense Ratio Comparison

BDIV has a 0.49% expense ratio, which is lower than BMAX's 1.14% expense ratio.

Dividends

BDIV vs. BMAX - Dividend Comparison

BDIV's dividend yield for the trailing twelve months is around 1.59%, while BMAX has not paid dividends to shareholders.

Position	TTM	2025	2024
BDIV AAM Brentview Dividend Growth ETF	1.59%	1.14%	0.62%
BMAX REX Bitcoin Corporate Treasury Convertible Bond ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BDIV and BMAX in my portfolio?

BDIV and BMAX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BDIV or BMAX?

On fees, BDIV is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BDIV or BMAX?

BDIV is cheaper with a 0.49% expense ratio, compared with 1.14% for BMAX.

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

BDIV has the higher dividend yield at 1.59%, compared with 0.00% for BMAX.

What is the main difference between BDIV and BMAX?

BDIV is categorized as Large Cap Value Equities, while BMAX is Convertible Bonds. They also come from different issuers: AAM and REX. Their fees differ too: 0.49% for BDIV and 1.14% for BMAX.