BMAX vs QQQ
REX Bitcoin Corporate Treasury Convertible Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | BMAX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.14% | 0.18% | |
| AUM | $6M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 15 | 108 | |
| YTD Return | +3.22% | +17.85% | |
| 1Y Return | -8.11% | +26.45% | |
| 3Y Return (annualized) | - | +26.07% | |
| 5Y Return (annualized) | - | +15.16% | |
| Volatility (annualized) | 22.4% | 30.6% | |
| Max Drawdown | -31.3% | -83.0% | |
| Fund Family | REX Shares | Invesco (US) | |
| Category | Convertible | Equity | |
| Inception | Mar 14, 2025 | Mar 10, 1999 |
BMAX vs QQQ Performance
REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) is a ETF from REX Shares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BMAX returned -8.11% while QQQ returned +26.45%. Year to date, BMAX is up 3.22% versus a gain of 17.85% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 22.4% for BMAX. 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 -83.0% for QQQ. 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BMAX charges 1.14% per year while QQQ charges 0.18%. On a $10,000 position that is $114 vs $18 annually, a gap of $96 per year that compounds over a long holding period. On income, BMAX currently yields 0.00% against 0.41% for QQQ.
Holdings Overlap
BMAX and QQQ share 0 holdings out of 111 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 QQQ?
BMAX has an expense ratio of 1.14% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, BMAX or QQQ?
Over the past year BMAX returned -8.11% vs +26.45% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), BMAX annualized -8.86% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, BMAX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 22.4% for BMAX. Worst drawdown: BMAX -31.3% vs QQQ -83.0%.
Should I hold both BMAX and QQQ?
BMAX and QQQ have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BMAX and QQQ?
BMAX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 111 unique securities.
Which pays a higher dividend, BMAX or QQQ?
BMAX yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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