ARCC vs. BOXX
ARCC (Ares Capital Corporation) 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, ARCC returned 9.59%/yr vs 4.70%/yr for BOXX. At a 0.02 correlation, their price movements are largely independent.
Performance
ARCC vs. BOXX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ARCC achieves a -6.83% return, which is significantly lower than BOXX's 1.70% return.
ARCC
- 1D
- 0.28%
- 1M
- -1.31%
- YTD
- -6.83%
- 6M
- -5.38%
- 1Y
- -8.17%
- 3Y*
- 9.59%
- 5Y*
- 8.14%
- 10Y*
- 12.46%
BOXX
- 1D
- -0.02%
- 1M
- 0.16%
- YTD
- 1.70%
- 6M
- 1.82%
- 1Y
- 3.98%
- 3Y*
- 4.70%
- 5Y*
- —
- 10Y*
- —
ARCC vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARCC Ares Capital Corporation | -6.83% | 1.07% | 19.78% | 20.03% | -0.91% |
BOXX Alpha Architect 1-3 Month Box ETF | 1.70% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between ARCC and BOXX is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2022 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ARCC vs. BOXX — Risk / Return Rank
ARCC
BOXX
ARCC vs. BOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Capital Corporation (ARCC) 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.
| ARCC | BOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.87 | ||
| Sortino ratioReturn per unit of downside risk | -35.59 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 8.71 | -7.77 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 58.08 | -58.50 |
| Martin ratioReturn relative to average drawdown | -0.75 | 496.82 | -497.57 |
Loading charts...
Drawdowns
ARCC vs. BOXX - Drawdown Comparison
The maximum ARCC drawdown since its inception was -79.36%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for ARCC and BOXX.
Loading charts...
Drawdown Indicators
| ARCC | BOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.36% | -0.12% | -79.24% |
Max Drawdown (1Y)Largest decline over 1 year | -19.35% | -0.07% | -19.28% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -0.12% | -19.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.77% | — | — |
Current DrawdownCurrent decline from peak | -15.20% | -0.02% | -15.18% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -0.00% | -9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.89% | 0.01% | +10.88% |
Volatility
ARCC vs. BOXX - Volatility Comparison
Ares Capital Corporation (ARCC) has a higher volatility of 4.64% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.12%. This indicates that ARCC'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.
Loading charts...
Volatility by Period
| ARCC | BOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 0.12% | +4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 0.26% | +14.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.65% | 0.32% | +18.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 0.37% | +19.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.60% | 0.37% | +25.23% |
Dividends
ARCC vs. BOXX - Dividend Comparison
ARCC's dividend yield for the trailing twelve months is around 10.73%, while BOXX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 10.73% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
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
ARCC and BOXX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARCC has higher volatility (4.64%) compared to BOXX (0.12%). In terms of maximum drawdown, ARCC dropped -79.36% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.43 vs -0.44), 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.
Find the right allocation for ARCC and BOXX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer