AFIF vs. BOXA

Last updated Apr 1, 2026

Compare and contrast key facts about Anfield Universal Fixed Income ETF (AFIF) and Alpha Architect Aggregate Bond ETF (BOXA).

AFIF and BOXA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFIF is an actively managed fund by Regents Park Funds. It was launched on Sep 18, 2018. BOXA is an actively managed fund by Alpha Architect. It was launched on Dec 17, 2024.

Performance

AFIF vs. BOXA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anfield Universal Fixed Income ETF (AFIF) and Alpha Architect Aggregate Bond ETF (BOXA). The values are adjusted to include any dividend payments, if applicable.

AFIF vs. BOXA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AFIF Anfield Universal Fixed Income ETF	-0.17%	6.56%	-0.00%
BOXA Alpha Architect Aggregate Bond ETF	-0.12%	5.41%	0.02%

Returns By Period

In the year-to-date period, AFIF achieves a -0.17% return, which is significantly lower than BOXA's -0.12% return.

AFIF

• 1D: 0.27%
• 1M: -1.20%
• YTD: -0.17%
• 6M: 1.51%
• 1Y: 4.93%
• 3Y*: 7.22%
• 5Y*: 3.28%
• 10Y*: —

BOXA

• 1D: 0.21%
• 1M: -1.98%
• YTD: -0.12%
• 6M: 0.69%
• 1Y: 3.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFIF vs. BOXA - Expense Ratio Comparison

AFIF has a 1.08% expense ratio, which is higher than BOXA's 0.23% expense ratio.

AFIF

Anfield Universal Fixed Income ETF

BOXA

Alpha Architect Aggregate Bond ETF

Return for Risk

AFIF vs. BOXA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFIF

AFIF Risk / Return Rank: 82
AFIF Sharpe Ratio Rank: 77
AFIF Sortino Ratio Rank: 77
AFIF Omega Ratio Rank: 81
AFIF Calmar Ratio Rank: 87
AFIF Martin Ratio Rank: 89

BOXA

BOXA Risk / Return Rank: 39
BOXA Sharpe Ratio Rank: 41
BOXA Sortino Ratio Rank: 38
BOXA Omega Ratio Rank: 33
BOXA Calmar Ratio Rank: 44
BOXA Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFIF vs. BOXA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anfield Universal Fixed Income ETF (AFIF) and Alpha Architect Aggregate Bond ETF (BOXA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AFIF	BOXA	Difference
Sharpe ratio Return per unit of total volatility	1.40	0.75	+0.65
Sortino ratio Return per unit of downside risk	1.94	1.06	+0.88
Omega ratio Gain probability vs. loss probability	1.31	1.13	+0.18
Calmar ratio Return relative to maximum drawdown	2.73	1.13	+1.60
Martin ratio Return relative to average drawdown	11.45	3.61	+7.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AFIF vs. BOXA - Sharpe Ratio Comparison

The current AFIF Sharpe Ratio is 1.40, which is higher than the BOXA Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of AFIF and BOXA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AFIF	BOXA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	0.75	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.00	-0.60

Correlation

The correlation between AFIF and BOXA is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AFIF vs. BOXA - Dividend Comparison

AFIF's dividend yield for the trailing twelve months is around 3.70%, more than BOXA's 0.13% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AFIF Anfield Universal Fixed Income ETF	3.70%	3.52%	5.61%	5.91%	3.49%	1.73%	1.25%	2.54%	0.69%
BOXA Alpha Architect Aggregate Bond ETF	0.13%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

AFIF vs. BOXA - Drawdown Comparison

The maximum AFIF drawdown since its inception was -10.29%, which is greater than BOXA's maximum drawdown of -2.87%. Use the drawdown chart below to compare losses from any high point for AFIF and BOXA.

Drawdown Indicators

	AFIF	BOXA	Difference
Max Drawdown Largest peak-to-trough decline	-10.29%	-2.87%	-7.42%
Max Drawdown (1Y) Largest decline over 1 year	-1.79%	-2.87%	+1.08%
Max Drawdown (5Y) Largest decline over 5 years	-8.85%	—	—
Current Drawdown Current decline from peak	-1.25%	-1.98%	+0.73%
Average Drawdown Average peak-to-trough decline	-2.27%	-0.59%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	0.90%	-0.47%

Volatility

AFIF vs. BOXA - Volatility Comparison

The current volatility for Anfield Universal Fixed Income ETF (AFIF) is 1.25%, while Alpha Architect Aggregate Bond ETF (BOXA) has a volatility of 1.55%. This indicates that AFIF experiences smaller price fluctuations and is considered to be less risky than BOXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFIF	BOXA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	1.55%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	2.12%	2.42%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	4.15%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.48%	4.18%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.32%	4.18%	+2.14%