BMAX vs IVV
REX Bitcoin Corporate Treasury Convertible Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BMAX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.14% | 0.03% | |
| AUM | $6M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 15 | 508 | |
| YTD Return | +3.22% | +13.80% | |
| 1Y Return | -8.11% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 22.4% | 15.1% | |
| Max Drawdown | -31.3% | -56.5% | |
| Fund Family | REX Shares | iShares by BlackRock (US) | |
| Category | Convertible | Equity | |
| Inception | Mar 14, 2025 | May 15, 2000 |
BMAX vs IVV Performance
REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) is a ETF from REX Shares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BMAX returned -8.11% while IVV returned +23.70%. Year to date, BMAX is up 3.22% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
BMAX has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.3% for BMAX and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BMAX charges 1.14% per year while IVV charges 0.03%. On a $10,000 position that is $114 vs $3 annually, a gap of $111 per year that compounds over a long holding period. On income, BMAX currently yields 0.00% against 1.09% for IVV.
Holdings Overlap
BMAX and IVV share 0 holdings out of 513 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BMAX or IVV?
BMAX has an expense ratio of 1.14% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $111 per year of difference.
Which performed better, BMAX or IVV?
Over the past year BMAX returned -8.11% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), BMAX annualized -8.86% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, BMAX or IVV?
BMAX has been the more volatile fund at 22.4% annualized versus 15.1% for IVV. Worst drawdown: BMAX -31.3% vs IVV -56.5%.
Should I hold both BMAX and IVV?
BMAX and IVV have a monthly-return correlation of 0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BMAX and IVV?
BMAX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, BMAX or IVV?
BMAX yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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