BOX vs. ^GSPC
BOX (Box, Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, BOX returned 8.44%/yr vs 13.71%/yr for ^GSPC. At a 0.44 correlation, their price movements are largely independent.
Performance
BOX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, BOX achieves a -16.48% return, which is significantly lower than ^GSPC's 7.60% return. Over the past 10 years, BOX has underperformed ^GSPC with an annualized return of 8.44%, while ^GSPC has yielded a comparatively higher 13.71% annualized return.
BOX
- 1D
- 2.55%
- 1M
- -3.55%
- YTD
- -16.48%
- 6M
- -16.06%
- 1Y
- -27.36%
- 3Y*
- -4.56%
- 5Y*
- -0.21%
- 10Y*
- 8.44%
^GSPC
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
BOX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOX Box, Inc. | -16.48% | -5.35% | 23.39% | -17.73% | 18.86% | 45.10% | 7.57% | -0.59% | -20.08% | 52.38% |
^GSPC S&P 500 Index | 7.60% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between BOX and ^GSPC is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2015 | 0.44 |
Over the past year, the correlation between BOX and ^GSPC has dropped to 0.21 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
BOX vs. ^GSPC — Risk / Return Rank
BOX
^GSPC
BOX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Box, Inc. (BOX) and S&P 500 Index (^GSPC). 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.
| BOX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.32 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.46 | -3.18 |
| Martin ratioReturn relative to average drawdown | -1.36 | 10.92 | -12.28 |
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Drawdowns
BOX vs. ^GSPC - Drawdown Comparison
The maximum BOX drawdown since its inception was -68.56%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BOX and ^GSPC.
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Drawdown Indicators
| BOX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.56% | -56.78% | -11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -38.15% | -9.10% | -29.05% |
Max Drawdown (3Y)Largest decline over 3 years | -44.57% | -18.90% | -25.67% |
Max Drawdown (5Y)Largest decline over 5 years | -44.57% | -25.43% | -19.14% |
Max Drawdown (10Y)Largest decline over 10 years | -68.56% | -33.92% | -34.64% |
Current DrawdownCurrent decline from peak | -35.20% | -3.21% | -31.99% |
Average DrawdownAverage peak-to-trough decline | -25.27% | -10.71% | -14.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.09% | 2.04% | +18.05% |
Volatility
BOX vs. ^GSPC - Volatility Comparison
Box, Inc. (BOX) has a higher volatility of 13.49% compared to S&P 500 Index (^GSPC) at 4.89%. This indicates that BOX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.49% | 4.89% | +8.60% |
Volatility (6M)Calculated over the trailing 6-month period | 29.53% | 9.93% | +19.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.83% | 12.57% | +21.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.14% | 17.00% | +16.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.78% | 18.08% | +20.70% |
Frequently Asked Questions
BOX and ^GSPC have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOX has higher volatility (13.49%) compared to ^GSPC (4.89%). In terms of maximum drawdown, BOX dropped -68.56% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.78 vs -0.81), 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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