TSII vs. BMAX

Last updated Jun 4, 2026

TSII (REX TSLA Growth & Income ETF) and BMAX (REX Bitcoin Corporate Treasury Convertible Bond ETF) are both exchange-traded funds - TSII is a Leveraged Equities fund actively managed by REX, 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. TSII charges 0.99%/yr vs 1.14%/yr for BMAX.

Performance

TSII vs. BMAX - Performance Comparison

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

Returns By Period

TSII

• 1D: 0.32%
• 1M: 6.19%
• YTD: -6.73%
• 6M: -7.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMAX

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

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

TSII vs. BMAX - Yearly Performance Comparison

	2026 (YTD)	2025
TSII REX TSLA Growth & Income ETF	-6.73%	43.72%
BMAX REX Bitcoin Corporate Treasury Convertible Bond ETF	4.03%	-22.75%

Correlation

The correlation between TSII and BMAX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.36

Return for Risk

TSII vs. BMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX TSLA Growth & Income ETF (TSII) 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.

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

Sharpe Ratios by Period

	TSII	BMAX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	—	—

Drawdowns

Drawdown Indicators

	TSII	BMAX	Difference
Max Drawdown Largest peak-to-trough decline	-29.03%	—	—
Current Drawdown Current decline from peak	-14.76%	—	—
Average Drawdown Average peak-to-trough decline	-9.31%	—	—

Volatility

Volatility by Period

	TSII	BMAX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	46.04%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.04%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.04%	—	—

TSII vs. BMAX - Expense Ratio Comparison

TSII has a 0.99% expense ratio, which is lower than BMAX's 1.14% expense ratio.

Dividends

TSII vs. BMAX - Dividend Comparison

TSII's dividend yield for the trailing twelve months is around 70.30%, while BMAX has not paid dividends to shareholders.

Position	TTM	2025
BMAX REX Bitcoin Corporate Treasury Convertible Bond ETF	0.00%	0.00%
TSII REX TSLA Growth & Income ETF	70.30%	32.17%

Frequently Asked Questions

Can I hold both TSII and BMAX in my portfolio?

TSII and BMAX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSII or BMAX?

On fees, TSII is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSII or BMAX?

TSII is cheaper with a 0.99% expense ratio, compared with 1.14% for BMAX.

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

TSII has the higher dividend yield at 70.30%, compared with 0.00% for BMAX.

What is the main difference between TSII and BMAX?

TSII is categorized as Leveraged Equities, while BMAX is Convertible Bonds. Their fees differ too: 0.99% for TSII and 1.14% for BMAX.