BMAX vs. WTIU

Last updated Jun 5, 2026

BMAX (REX Bitcoin Corporate Treasury Convertible Bond ETF) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both exchange-traded funds - BMAX is a Convertible Bonds fund actively managed by REX, while WTIU is a Leveraged Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). BMAX is actively managed, while WTIU is passively managed. At a 0.15 correlation, their price movements are largely independent. BMAX charges 1.14%/yr vs 0.95%/yr for WTIU.

Performance

BMAX vs. WTIU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) and MicroSectors Energy 3X Leveraged ETN (WTIU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BMAX

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

WTIU

• 1D: -1.95%
• 1M: -8.81%
• YTD: 87.83%
• 6M: 63.25%
• 1Y: 112.38%
• 3Y*: 5.95%
• 5Y*: —
• 10Y*: —

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

BMAX vs. WTIU - Yearly Performance Comparison

	2026 (YTD)	2025
BMAX REX Bitcoin Corporate Treasury Convertible Bond ETF	4.03%	-13.05%
WTIU MicroSectors Energy 3X Leveraged ETN	87.83%	-19.80%

Correlation

The correlation between BMAX and WTIU is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Mar 17, 2025	0.15

Return for Risk

BMAX vs. WTIU — Risk / Return Rank

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

WTIU

WTIU Risk / Return Rank: 47
WTIU Sharpe Ratio Rank: 49
WTIU Sortino Ratio Rank: 42
WTIU Omega Ratio Rank: 41
WTIU Calmar Ratio Rank: 59
WTIU Martin Ratio Rank: 44

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. WTIU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) and MicroSectors Energy 3X Leveraged ETN (WTIU). 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	WTIU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.10	—

Drawdowns

Drawdown Indicators

	BMAX	WTIU	Difference
Max Drawdown Largest peak-to-trough decline	—	-75.73%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-39.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-75.73%	—
Current Drawdown Current decline from peak	—	-33.42%	—
Average Drawdown Average peak-to-trough decline	—	-39.18%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.92%	—

Volatility

Volatility by Period

	BMAX	WTIU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	27.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	67.43%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	70.58%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	70.58%	—

BMAX vs. WTIU - Expense Ratio Comparison

BMAX has a 1.14% expense ratio, which is higher than WTIU's 0.95% expense ratio.

Dividends

BMAX vs. WTIU - Dividend Comparison

Neither BMAX nor WTIU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BMAX and WTIU in my portfolio?

BMAX and WTIU have a correlation of 0.06, 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 WTIU?

On fees, WTIU is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BMAX or WTIU?

WTIU is cheaper with a 0.95% expense ratio, compared with 1.14% for BMAX.

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

BMAX and WTIU have nearly identical dividend yields, around 0.00%.

What is the main difference between BMAX and WTIU?

BMAX is categorized as Convertible Bonds, while WTIU is Leveraged Equities. Their fees differ too: 1.14% for BMAX and 0.95% for WTIU.