BMAX vs SCHD
REX Bitcoin Corporate Treasury Convertible Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | BMAX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.14% | 0.06% | |
| AUM | $6M | $108.7B | |
| Dividend Yield | 0.00% | 3.13% | |
| Holdings | 15 | 104 | |
| YTD Return | +3.22% | +27.67% | |
| 1Y Return | -8.11% | +29.56% | |
| 3Y Return (annualized) | - | +16.53% | |
| 5Y Return (annualized) | - | +9.95% | |
| Volatility (annualized) | 22.4% | 13.6% | |
| Max Drawdown | -31.3% | -33.4% | |
| Fund Family | REX Shares | Charles Schwab Asset Management | |
| Category | Convertible | Equity | |
| Inception | Mar 14, 2025 | Oct 20, 2011 |
BMAX vs SCHD Performance
REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) is a ETF from REX Shares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BMAX returned -8.11% while SCHD returned +29.56%. Year to date, BMAX is up 3.22% versus a gain of 27.67% for SCHD.
Risk: Volatility and Drawdowns
BMAX has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 13.6% for SCHD. 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 -33.4% for SCHD. 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 -0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BMAX charges 1.14% per year while SCHD charges 0.06%. On a $10,000 position that is $114 vs $6 annually, a gap of $108 per year that compounds over a long holding period. On income, BMAX currently yields 0.00% against 3.13% for SCHD.
Holdings Overlap
BMAX and SCHD share 0 holdings out of 108 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 SCHD?
BMAX has an expense ratio of 1.14% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $108 per year of difference.
Which performed better, BMAX or SCHD?
Over the past year BMAX returned -8.11% vs +29.56% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), BMAX annualized -8.86% vs +11.55% for SCHD. Past performance does not guarantee future results.
Which is riskier, BMAX or SCHD?
BMAX has been the more volatile fund at 22.4% annualized versus 13.6% for SCHD. Worst drawdown: BMAX -31.3% vs SCHD -33.4%.
Should I hold both BMAX and SCHD?
BMAX and SCHD have a monthly-return correlation of -0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BMAX and SCHD?
BMAX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, BMAX or SCHD?
BMAX yields 0.00% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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