Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BOXX Alpha Architect 1-3 Month Box ETF | Ultrashort Bond | 6,062.70% |
USD=X USD Cash | -5,962.70% |
Find the right asset allocation for BOXX ~ SPY
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in BOXX ~ SPY, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced when any position deviates by more than 0.0% from its target allocation.
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Returns By Period
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.50% | 0.31% | 8.56% | 8.85% | 24.33% | 19.37% | 11.84% | 13.61% |
Portfolio BOXX ~ SPY | — | — | — | — | — | — | — | — |
| Portfolio components: | ||||||||
BOXX Alpha Architect 1-3 Month Box ETF | 0.03% | 0.27% | 1.66% | 1.95% | 4.06% | 4.74% | — | — |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Monthly Returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 20.02% | 21.66% | 26.66% | 13.01% | 19.66% | 6.89% | 167.35% | ||||||
| 2025 | 30.47% | 20.85% | 22.00% | 25.15% | 24.52% | 21.13% | 21.14% | 27.58% | 20.96% | 17.75% | 25.22% | 29.82% | 1,199.20% |
| 2024 | 23.19% | 34.77% | 25.92% | 27.99% | 30.76% | 27.31% | 30.83% | 30.39% | 27.52% | 29.41% | 26.54% | 27.24% | 1,919.04% |
| 2023 | 23.27% | 22.36% | 28.79% | 23.07% | 24.37% | 28.23% | 24.16% | 31.83% | 30.57% | 32.57% | 28.69% | 35.84% | 1,788.46% |
| 2022 | 4.27% | 4.27% |
Benchmark Metrics
BOXX ~ SPY has an annualized alpha of 1525.74%, beta of 0.03, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 28, 2022.
- This portfolio captured 2487.51% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5242.88%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.03 may look defensive, but with R2 of 0.00 this portfolio is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R2 of 0.00 means this portfolio moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1,525.74%
- Beta
- 0.03
- R²
- 0.00
- Upside Capture
- 2,487.51%
- Downside Capture
- -5,242.88%
Expense Ratio
Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
BOXX ~ SPY ranks 100 for risk / return — in the top 100% of Portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for BOXX ~ SPY and compares them with S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | 1.86 | — |
| Sortino ratioReturn per unit of downside risk | — | 2.53 | — |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.53 | — |
| Martin ratioReturn relative to average drawdown | — | 11.37 | — |
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Dividends
Dividend yield
BOXX ~ SPY provided a 0.00% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
| Portfolio | 0.00% | 0.00% | 15.98% |
| Portfolio components: | |||
BOXX Alpha Architect 1-3 Month Box ETF | 0.00% | 0.00% | 0.26% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BOXX ~ SPY. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BOXX ~ SPY was 7.03%, occurring on Sep 22, 2023. Recovery took 3 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -7.03%Sep 2023 | 0s | 3d | 3dSep 2023 - Sep 2023 |
2024 pullback2024 | -6.59%Dec 2024 | 1d | 2d | 3dDec 2024 - Dec 2024 |
2026 pullback2026 | -4.17%Apr 2026 | 0s | 9d | 9dApr 2026 - Apr 2026 |
2023 pullback2023 | -2.40%Mar 2023 | 0s | 1d | 1dMar 2023 - Mar 2023 |
2024 pullback2024 | -2.31%Jan 2024 | 0s | 2d | 2dJan 2024 - Jan 2024 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
—
Not enough data to calculate this metric.
Diversification Ratio
—
Not enough data to calculate this metric.
BOXX ~ SPY correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2022 | 0.01 |
Benchmark Correlations
Correlation vs. S&P 500 Index. BOXX has the highest benchmark correlation at 0.01, while USD=X has the lowest at 0.00.
Asset Correlations Table
Find what BOXX ~ SPY is missing
See which holdings overlap, where BOXX ~ SPY is concentrated, and which low-correlation assets could fill the gaps.
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