BMAX vs VYM
REX Bitcoin Corporate Treasury Convertible Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | BMAX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.14% | 0.04% | |
| AUM | $6M | $81.6B | |
| Dividend Yield | 0.00% | 2.24% | |
| Holdings | 15 | 616 | |
| YTD Return | +3.22% | +14.95% | |
| 1Y Return | -8.11% | +21.14% | |
| 3Y Return (annualized) | - | +18.69% | |
| 5Y Return (annualized) | - | +12.00% | |
| Volatility (annualized) | 22.4% | 14.6% | |
| Max Drawdown | -31.3% | -58.8% | |
| Fund Family | REX Shares | Vanguard (US) | |
| Category | Convertible | Equity | |
| Inception | Mar 14, 2025 | Nov 10, 2006 |
BMAX vs VYM Performance
REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) is a ETF from REX Shares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year BMAX returned -8.11% while VYM returned +21.14%. Year to date, BMAX is up 3.22% versus a gain of 14.95% for VYM.
Risk: Volatility and Drawdowns
BMAX has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 -0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BMAX charges 1.14% per year while VYM charges 0.04%. On a $10,000 position that is $114 vs $4 annually, a gap of $110 per year that compounds over a long holding period. On income, BMAX currently yields 0.00% against 2.24% for VYM.
Holdings Overlap
BMAX and VYM share 0 holdings out of 611 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 VYM?
BMAX has an expense ratio of 1.14% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $110 per year of difference.
Which performed better, BMAX or VYM?
Over the past year BMAX returned -8.11% vs +21.14% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), BMAX annualized -8.86% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, BMAX or VYM?
BMAX has been the more volatile fund at 22.4% annualized versus 14.6% for VYM. Worst drawdown: BMAX -31.3% vs VYM -58.8%.
Should I hold both BMAX and VYM?
BMAX and VYM have a monthly-return correlation of -0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BMAX and VYM?
BMAX and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 611 unique securities.
Which pays a higher dividend, BMAX or VYM?
BMAX yields 0.00% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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