BMAX vs. PDIV.TO
Compare and contrast key facts about REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) and Purpose Enhanced Dividend Fund ETF (PDIV.TO).
BMAX and PDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BMAX is an actively managed fund by REX. It was launched on Mar 13, 2025. PDIV.TO is an actively managed fund by Purpose Investments. It was launched on Jan 2, 2018.
Performance
BMAX vs. PDIV.TO - Performance Comparison
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BMAX vs. PDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMAX REX Bitcoin Corporate Treasury Convertible Bond ETF | -0.71% | -13.05% |
PDIV.TO Purpose Enhanced Dividend Fund ETF | -0.16% | 19.09% |
Different Trading Currencies
BMAX is traded in USD, while PDIV.TO is traded in CAD. To make them comparable, the PDIV.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BMAX achieves a -0.71% return, which is significantly lower than PDIV.TO's -0.16% return.
BMAX
- 1D
- 0.21%
- 1M
- 0.84%
- YTD
- -0.71%
- 6M
- -19.51%
- 1Y
- -9.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDIV.TO
- 1D
- 1.59%
- 1M
- -4.80%
- YTD
- -0.16%
- 6M
- 5.13%
- 1Y
- 17.74%
- 3Y*
- 8.75%
- 5Y*
- 5.64%
- 10Y*
- 8.18%
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BMAX vs. PDIV.TO - Expense Ratio Comparison
BMAX has a 1.14% expense ratio, which is higher than PDIV.TO's 0.77% expense ratio.
Return for Risk
BMAX vs. PDIV.TO — Risk / Return Rank
BMAX
PDIV.TO
BMAX vs. PDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) and Purpose Enhanced Dividend Fund ETF (PDIV.TO). 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.
| BMAX | PDIV.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.30 | 1.52 | -1.82 |
Sortino ratioReturn per unit of downside risk | -0.24 | 2.17 | -2.41 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.32 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | -0.36 | 2.16 | -2.52 |
Martin ratioReturn relative to average drawdown | -0.61 | 11.42 | -12.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BMAX | PDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 1.52 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 0.36 | -0.77 |
Correlation
The correlation between BMAX and PDIV.TO is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BMAX vs. PDIV.TO - Dividend Comparison
BMAX has not paid dividends to shareholders, while PDIV.TO's dividend yield for the trailing twelve months is around 12.30%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMAX REX Bitcoin Corporate Treasury Convertible Bond ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDIV.TO Purpose Enhanced Dividend Fund ETF | 12.30% | 12.24% | 12.35% | 11.84% | 6.38% | 5.59% | 6.33% | 5.85% | 6.80% | 25.71% | 5.38% | 8.10% |
Drawdowns
BMAX vs. PDIV.TO - Drawdown Comparison
The maximum BMAX drawdown since its inception was -31.32%, smaller than the maximum PDIV.TO drawdown of -37.37%. Use the drawdown chart below to compare losses from any high point for BMAX and PDIV.TO.
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Drawdown Indicators
| BMAX | PDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.32% | -30.64% | -0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -31.32% | -8.36% | -22.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.64% | — |
Current DrawdownCurrent decline from peak | -29.17% | -3.25% | -25.92% |
Average DrawdownAverage peak-to-trough decline | -15.04% | -4.40% | -10.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.44% | 1.63% | +16.81% |
Volatility
BMAX vs. PDIV.TO - Volatility Comparison
REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) has a higher volatility of 6.06% compared to Purpose Enhanced Dividend Fund ETF (PDIV.TO) at 3.78%. This indicates that BMAX's price experiences larger fluctuations and is considered to be riskier than PDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMAX | PDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 3.78% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 19.08% | 6.92% | +12.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.78% | 11.74% | +20.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.32% | 13.01% | +19.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.32% | 16.69% | +15.63% |