BMAX vs. BDIV

Last updated Jun 4, 2026

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

Performance

BMAX vs. BDIV - Performance Comparison

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

Returns By Period

BMAX

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

BDIV

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

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

BMAX vs. BDIV - Yearly Performance Comparison

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

Correlation

The correlation between BMAX and BDIV 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

BMAX vs. BDIV — 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.

BMAX vs. BDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) and AAM Brentview Dividend Growth ETF (BDIV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BMAX	BDIV	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

	BMAX	BDIV	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

	BMAX	BDIV	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%	—

BMAX vs. BDIV - Expense Ratio Comparison

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

Dividends

BMAX vs. BDIV - Dividend Comparison

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

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 BMAX and BDIV in my portfolio?

BMAX and BDIV 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, BMAX or BDIV?

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, BMAX or BDIV?

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

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

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

What is the main difference between BMAX and BDIV?

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