- Issuer
- Alpha Architect
- Inception Date
- Dec 27, 2022
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive 1-3 Month US T-Bill Index
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Bond
- Assets Under Management
- $11B
Share Price Chart
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Performance
BOXX Performance Chart
Alpha Architect 1-3 Month Box ETF (BOXX) is up 1.7% since the beginning of the year. BOXX is currently trading at $117 per share.
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Returns By Period
Alpha Architect 1-3 Month Box ETF (BOXX) has returned 1.72% so far this year and 4.02% over the past 12 months.
Alpha Architect 1-3 Month Box ETF
- 1D
- 0.02%
- 1M
- 0.18%
- YTD
- 1.72%
- 6M
- 1.87%
- 1Y
- 4.02%
- 3Y*
- 4.71%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BOXX Monthly Returns History
Based on dividend-adjusted daily data since Dec 28, 2022, BOXX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 100% of months were positive and 0% were negative. The best month was Dec 2023 with a return of +0.5%, while the worst month was Dec 2022 at 0.1%. The longest winning streak lasted 43 consecutive months, and the longest losing streak was 0 months.
On a daily basis, BOXX closed higher 76% of trading days. The best single day was Sep 25, 2023 with a return of +0.1%, while the worst single day was Sep 22, 2023 at -0.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.30% | 0.33% | 0.40% | 0.21% | 0.30% | 0.17% | 1.72% | ||||||
| 2025 | 0.44% | 0.32% | 0.33% | 0.38% | 0.37% | 0.32% | 0.32% | 0.41% | 0.32% | 0.27% | 0.38% | 0.44% | 4.37% |
| 2024 | 0.35% | 0.50% | 0.39% | 0.41% | 0.45% | 0.41% | 0.45% | 0.44% | 0.41% | 0.43% | 0.39% | 0.41% | 5.16% |
| 2023 | 0.35% | 0.34% | 0.43% | 0.35% | 0.36% | 0.42% | 0.36% | 0.46% | 0.46% | 0.47% | 0.42% | 0.52% | 5.04% |
| 2022 | 0.07% | 0.07% |
Benchmark Metrics
Alpha Architect 1-3 Month Box ETF has an annualized alpha of 4.72%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 28, 2022.
- This ETF captured 8.60% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -17.99%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this ETF 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 ETF's risk.
- R2 of 0.00 means this ETF 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
- 4.72%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 8.60%
- Downside Capture
- -17.99%
Expense Ratio
BOXX has an expense ratio of 0.19%, which is considered low.
Return for Risk
Risk / Return Rank
BOXX ranks 100 for risk / return — in the top 100% of ETFs 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 present risk-adjusted performance metrics for Alpha Architect 1-3 Month Box ETF (BOXX) and compare them to 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.
| BOXX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.60 | ||
| Sortino ratioReturn per unit of downside risk | +33.17 | ||
| Omega ratioGain probability vs. loss probability | 9.07 | 1.37 | +7.70 |
| Calmar ratioReturn relative to maximum drawdown | 58.74 | 2.78 | +55.96 |
| Martin ratioReturn relative to average drawdown | 507.08 | 12.44 | +494.64 |
Dividends
Dividend History
Alpha Architect 1-3 Month Box ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.29 |
Dividend yield | 0.00% | 0.00% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Alpha Architect 1-3 Month Box ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 |
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 Alpha Architect 1-3 Month Box ETF. 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 Alpha Architect 1-3 Month Box ETF was 0.12%, occurring on Sep 22, 2023. Recovery took 1 trading session.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -0.12%Sep 2023 | 0s | 3d | 3dSep 2023 - Sep 2023 |
2024 pullback2024 | -0.11%Dec 2024 | 1d | 1d | 2dDec 2024 - Dec 2024 |
2026 pullback2026 | -0.07%Apr 2026 | 0s | 9d | 9dApr 2026 - Apr 2026 |
2023 pullback2023 | -0.04%Mar 2023 | 0s | 1d | 1dMar 2023 - Mar 2023 |
2024 pullback2024 | -0.04%Jan 2024 | 0s | 1d | 1dJan 2024 - Jan 2024 |
Drawdown Indicators
| BOXX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.12% | -56.78% | +56.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -9.10% | +9.03% |
Max Drawdown (3Y)Largest decline over 3 years | -0.12% | -18.90% | +18.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -10.71% | +10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.03% | -2.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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