APO vs. BOXX
APO (Apollo Global Management, Inc.) is a stock, while BOXX (Alpha Architect 1-3 Month Box ETF) is Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index. Over the past 3 years, APO returned 23.33%/yr vs 4.70%/yr for BOXX. At a correlation of -0.01, they often move in opposite directions.
Performance
APO vs. BOXX - Performance Comparison
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Returns By Period
In the year-to-date period, APO achieves a -9.02% return, which is significantly lower than BOXX's 1.70% return.
APO
- 1D
- -3.40%
- 1M
- 1.63%
- YTD
- -9.02%
- 6M
- -11.24%
- 1Y
- -0.99%
- 3Y*
- 23.33%
- 5Y*
- 19.57%
- 10Y*
- 29.24%
BOXX
- 1D
- -0.02%
- 1M
- 0.16%
- YTD
- 1.70%
- 6M
- 1.82%
- 1Y
- 3.98%
- 3Y*
- 4.70%
- 5Y*
- —
- 10Y*
- —
APO vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
APO Apollo Global Management, Inc. | -9.02% | -11.12% | 79.87% | 49.44% | 0.60% |
BOXX Alpha Architect 1-3 Month Box ETF | 1.70% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between APO and BOXX is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
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 |
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Return for Risk
APO vs. BOXX — Risk / Return Rank
APO
BOXX
APO vs. BOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apollo Global Management, Inc. (APO) and Alpha Architect 1-3 Month Box ETF (BOXX). 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.
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.
| APO | BOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.46 | ||
| Sortino ratioReturn per unit of downside risk | -34.89 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 8.71 | -7.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 58.08 | -58.11 |
| Martin ratioReturn relative to average drawdown | -0.06 | 496.82 | -496.88 |
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Drawdowns
APO vs. BOXX - Drawdown Comparison
The maximum APO drawdown since its inception was -56.99%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for APO and BOXX.
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Drawdown Indicators
| APO | BOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.99% | -0.12% | -56.87% |
Max Drawdown (1Y)Largest decline over 1 year | -34.97% | -0.07% | -34.90% |
Max Drawdown (3Y)Largest decline over 3 years | -42.82% | -0.12% | -42.70% |
Max Drawdown (5Y)Largest decline over 5 years | -42.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.48% | — | — |
Current DrawdownCurrent decline from peak | -25.23% | -0.02% | -25.21% |
Average DrawdownAverage peak-to-trough decline | -16.40% | -0.00% | -16.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.79% | 0.01% | +16.78% |
Volatility
APO vs. BOXX - Volatility Comparison
Apollo Global Management, Inc. (APO) has a higher volatility of 8.94% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.12%. This indicates that APO's price experiences larger fluctuations and is considered to be riskier than BOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APO | BOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 0.12% | +8.82% |
Volatility (6M)Calculated over the trailing 6-month period | 27.21% | 0.26% | +26.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.39% | 0.32% | +35.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.18% | 0.37% | +36.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.84% | 0.37% | +37.47% |
Dividends
APO vs. BOXX - Dividend Comparison
APO's dividend yield for the trailing twelve months is around 1.60%, while BOXX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APO Apollo Global Management, Inc. | 1.60% | 1.38% | 1.10% | 1.81% | 2.51% | 2.90% | 4.72% | 4.23% | 7.86% | 5.53% | 6.46% | 12.91% |
BOXX Alpha Architect 1-3 Month Box ETF | 0.00% | 0.00% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
APO and BOXX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APO has higher volatility (8.94%) compared to BOXX (0.12%). In terms of maximum drawdown, APO dropped -56.99% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.43 vs -0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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