BMAX vs VOO

Quick Verdict

VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.

Lower Fees: VOOHigher Returns: VOOMore Diversified: VOO

Side-by-Side Comparison

MetricBMAXVOOWinner
Expense Ratio1.14%0.03%
AUM$6M$979.0B
Dividend Yield0.00%1.09%
Holdings15509
YTD Return+3.22%+13.80%
1Y Return-8.11%+23.71%
3Y Return (annualized)-+21.50%
5Y Return (annualized)-+13.44%
Volatility (annualized)22.4%14.1%
Max Drawdown-31.3%-34.3%
Fund FamilyREX SharesVanguard (US)
CategoryConvertibleEquity
InceptionMar 14, 2025Sep 7, 2010

BMAX vs VOO Performance

REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) is a ETF from REX Shares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BMAX returned -8.11% while VOO returned +23.71%. Year to date, BMAX is up 3.22% versus a gain of 13.80% for VOO.

Risk: Volatility and Drawdowns

BMAX has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 VOO 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 VOO.

Holdings Overlap

0.0%overlap

BMAX and VOO 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 VOO?

BMAX has an expense ratio of 1.14% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $111 per year of difference.

Which performed better, BMAX or VOO?

Over the past year BMAX returned -8.11% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), BMAX annualized -8.86% vs +13.58% for VOO. Past performance does not guarantee future results.

Which is riskier, BMAX or VOO?

BMAX has been the more volatile fund at 22.4% annualized versus 14.1% for VOO. Worst drawdown: BMAX -31.3% vs VOO -34.3%.

Should I hold both BMAX and VOO?

BMAX and VOO 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 VOO?

BMAX and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.

Which pays a higher dividend, BMAX or VOO?

BMAX yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.

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