BMAX vs VTI
REX Bitcoin Corporate Treasury Convertible Bond ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, BMAX or VTI?
Convertibles against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BMAX | VTI |
|---|---|---|
| Expense Ratio | 1.14% | 0.03%Best |
| AUM | $6M | $666.9B |
| Dividend Yield | 0.00% | 1.03% |
| Holdings | 15 | 3,543 |
| Volatility (annualized) | 22.4% | 10.6%Best |
| Max Drawdown | -31.3% | -14.0%Best |
| $10,000 over 1.1 years | $9,030 | $12,461Best |
| Fund Family | REX Shares | Vanguard (US) |
| Category | Convertible | Equity |
| Style | Convertibles | Large Cap Blend |
| Inception | Mar 14, 2025 | May 24, 2001 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 158 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BMAX has data through Apr 13, 2026 and VTI through Sep 18, 2026.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Mar 14, 2025 to Apr 13, 2026 (1.1 years).
Risk: Volatility and Drawdowns
BMAX has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 10.6% for VTI. 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 -14.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.14. They move largely independently of each other.
Fees and Cost Over Time
BMAX charges 1.14% per year while VTI 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 1.03% for VTI.
Holdings Overlap
We hold position weights for 8 holdings in BMAX and 3,463 in VTI, totalling 54.0% and 98.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 182 days apart, BMAX as of Jan 30, 2026 and VTI as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 8 positions we hold weights for in BMAX and 3,463 in VTI, against full books of 15 and 3,543.
You are not choosing between two funds in isolation.
Whichever of BMAX and VTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BMAX or VTI?
BMAX has an expense ratio of 1.14% while VTI charges 0.03%. VTI is the cheaper option, by $111 a year on a $10,000 investment.
Which is riskier, BMAX or VTI?
BMAX has been the more volatile fund at 22.4% annualized versus 10.6% for VTI. Worst drawdown: BMAX -31.3% vs VTI -14.0%.
Should I hold both BMAX and VTI?
BMAX and VTI have a monthly-return correlation of 0.14, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BMAX or VTI?
BMAX yields 0.00% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than BMAX?
VTI has a lower expense ratio. VTI led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.