BHP vs. BOXX

Last updated Jun 5, 2026

BHP (BHP Group) 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, BHP returned 20.92%/yr vs 4.75%/yr for BOXX. At a correlation of -0.07, they often move in opposite directions.

Performance

BHP vs. BOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BHP Group (BHP) and Alpha Architect 1-3 Month Box ETF (BOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BHP achieves a 49.96% return, which is significantly higher than BOXX's 1.59% return.

BHP

• 1D: -2.28%
• 1M: 12.04%
• YTD: 49.96%
• 6M: 53.52%
• 1Y: 88.45%
• 3Y*: 20.92%
• 5Y*: 15.65%
• 10Y*: 21.59%

BOXX

• 1D: 0.01%
• 1M: 0.29%
• YTD: 1.59%
• 6M: 1.98%
• 1Y: 4.09%
• 3Y*: 4.75%
• 5Y*: —
• 10Y*: —

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

BHP vs. BOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BHP BHP Group	49.96%	28.91%	-24.64%	16.50%	0.50%
BOXX Alpha Architect 1-3 Month Box ETF	1.59%	4.37%	5.16%	5.04%	0.07%

Correlation

The correlation between BHP and BOXX is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Dec 29, 2022	-0.07

Return for Risk

BHP vs. BOXX — Risk / Return Rank

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

BHP

BHP Risk / Return Rank: 92
BHP Sharpe Ratio Rank: 94
BHP Sortino Ratio Rank: 92
BHP Omega Ratio Rank: 90
BHP Calmar Ratio Rank: 90
BHP Martin Ratio Rank: 94

BOXX

BOXX Risk / Return Rank: 100
BOXX Sharpe Ratio Rank: 100
BOXX Sortino Ratio Rank: 100
BOXX Omega Ratio Rank: 100
BOXX Calmar Ratio Rank: 100
BOXX Martin Ratio Rank: 100

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.

BHP vs. BOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BHP Group (BHP) 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.

	BHP	BOXX	Difference
Sharpe ratio: Return per unit of total volatility	2.88	12.81	-9.93
Sortino ratio: Return per unit of downside risk	3.48	37.95	-34.47
Omega ratio: Gain probability vs. loss probability	1.43	9.96	-8.53
Calmar ratio: Return relative to maximum drawdown	4.49	59.63	-55.14
Martin ratio: Return relative to average drawdown	16.75	530.59	-513.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BHP vs. BOXX - Sharpe Ratio Comparison

The current BHP Sharpe Ratio is 2.88, which is lower than the BOXX Sharpe Ratio of 12.81. The chart below compares the historical Sharpe Ratios of BHP and BOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BHP	BOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	12.81	-9.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	12.91	-12.58

Drawdowns

BHP vs. BOXX - Drawdown Comparison

The maximum BHP drawdown since its inception was -76.22%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for BHP and BOXX.

Drawdown Indicators

	BHP	BOXX	Difference
Max Drawdown Largest peak-to-trough decline	-76.22%	-0.12%	-76.10%
Max Drawdown (1Y) Largest decline over 1 year	-19.80%	-0.07%	-19.73%
Max Drawdown (3Y) Largest decline over 3 years	-37.21%	-0.12%	-37.09%
Max Drawdown (5Y) Largest decline over 5 years	-37.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.29%	—	—
Current Drawdown Current decline from peak	-4.69%	0.00%	-4.69%
Average Drawdown Average peak-to-trough decline	-21.29%	-0.00%	-21.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.30%	0.01%	+5.29%

Volatility

BHP vs. BOXX - Volatility Comparison

BHP Group (BHP) has a higher volatility of 12.16% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.09%. This indicates that BHP'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.

Volatility by Period

	BHP	BOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.16%	0.09%	+12.07%
Volatility (6M) Calculated over the trailing 6-month period	25.02%	0.25%	+24.77%
Volatility (1Y) Calculated over the trailing 1-year period	30.89%	0.32%	+30.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.17%	0.37%	+31.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.32%	0.37%	+31.95%

Dividends

BHP vs. BOXX - Dividend Comparison

BHP's dividend yield for the trailing twelve months is around 3.00%, while BOXX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BHP BHP Group	3.00%	3.64%	5.98%	4.98%	22.44%	9.98%	3.67%	8.59%	4.89%	3.61%	1.68%	9.38%
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

Can I hold both BHP and BOXX in my portfolio?

BHP and BOXX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BHP or BOXX?

BHP has higher volatility (12.16%) compared to BOXX (0.09%). In terms of maximum drawdown, BHP dropped -76.22% vs BOXX's -0.12%.

Which has better risk-adjusted returns?

BOXX currently has the higher Sharpe Ratio (12.81 vs 2.88), 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.