ARES vs. BOXX
ARES (Ares Management 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, ARES returned 11.70%/yr vs 4.71%/yr for BOXX. At a correlation of -0.03, they often move in opposite directions.
Performance
ARES vs. BOXX - Performance Comparison
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Returns By Period
In the year-to-date period, ARES achieves a -27.42% return, which is significantly lower than BOXX's 1.71% return.
ARES
- 1D
- -5.72%
- 1M
- -6.97%
- YTD
- -27.42%
- 6M
- -30.61%
- 1Y
- -29.69%
- 3Y*
- 11.70%
- 5Y*
- 16.51%
- 10Y*
- 29.14%
BOXX
- 1D
- 0.01%
- 1M
- 0.17%
- YTD
- 1.71%
- 6M
- 1.83%
- 1Y
- 3.96%
- 3Y*
- 4.71%
- 5Y*
- —
- 10Y*
- —
ARES vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARES Ares Management Corporation | -27.42% | -5.72% | 52.68% | 79.52% | 2.26% |
BOXX Alpha Architect 1-3 Month Box ETF | 1.71% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between ARES and BOXX is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2022 | -0.03 |
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Return for Risk
ARES vs. BOXX — Risk / Return Rank
ARES
BOXX
ARES vs. BOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Management Corporation (ARES) 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.
| ARES | BOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.09 | ||
| Sortino ratioReturn per unit of downside risk | -35.76 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 8.67 | -7.78 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 57.81 | -58.41 |
| Martin ratioReturn relative to average drawdown | -1.16 | 493.36 | -494.53 |
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Drawdowns
ARES vs. BOXX - Drawdown Comparison
The maximum ARES drawdown since its inception was -49.73%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for ARES and BOXX.
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Drawdown Indicators
| ARES | BOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.73% | -0.12% | -49.61% |
Max Drawdown (1Y)Largest decline over 1 year | -49.05% | -0.07% | -48.98% |
Max Drawdown (3Y)Largest decline over 3 years | -49.73% | -0.12% | -49.61% |
Max Drawdown (5Y)Largest decline over 5 years | -49.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.73% | — | — |
Current DrawdownCurrent decline from peak | -38.88% | -0.01% | -38.87% |
Average DrawdownAverage peak-to-trough decline | -11.37% | -0.00% | -11.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.53% | 0.01% | +25.52% |
Volatility
ARES vs. BOXX - Volatility Comparison
Ares Management Corporation (ARES) has a higher volatility of 13.83% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.10%. This indicates that ARES'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
| ARES | BOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.83% | 0.10% | +13.73% |
Volatility (6M)Calculated over the trailing 6-month period | 36.11% | 0.26% | +35.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.17% | 0.32% | +41.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.60% | 0.37% | +37.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.78% | 0.37% | +36.41% |
Dividends
ARES vs. BOXX - Dividend Comparison
ARES's dividend yield for the trailing twelve months is around 5.82%, while BOXX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | 5.82% | 3.29% | 2.10% | 2.59% | 3.57% | 2.31% | 3.40% | 3.59% | 7.50% | 5.65% | 4.32% | 6.81% |
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
ARES and BOXX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARES has higher volatility (13.83%) compared to BOXX (0.10%). In terms of maximum drawdown, ARES dropped -49.73% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.38 vs -0.71), 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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