BOX vs. TBIL
BOX (Box, Inc.) is a stock, while TBIL (F/m US Treasury 3 Month Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index. Over the past 3 years, BOX returned -4.56%/yr vs 4.60%/yr for TBIL. At a 0.03 correlation, their price movements are largely independent.
Performance
BOX vs. TBIL - 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 TBIL's 1.69% 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%
TBIL
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.69%
- 6M
- 1.76%
- 1Y
- 3.91%
- 3Y*
- 4.60%
- 5Y*
- —
- 10Y*
- —
BOX vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BOX Box, Inc. | -16.48% | -5.35% | 23.39% | -17.73% | 3.05% |
TBIL F/m US Treasury 3 Month Bill ETF | 1.69% | 4.19% | 5.15% | 5.12% | 1.29% |
Correlation
The correlation between BOX and TBIL is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.03 |
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Return for Risk
BOX vs. TBIL — Risk / Return Rank
BOX
TBIL
BOX vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Box, Inc. (BOX) and F/m US Treasury 3 Month Bill ETF (TBIL). 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 | TBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.57 | ||
| Sortino ratioReturn per unit of downside risk | -59.23 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 17.08 | -16.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 195.79 | -196.51 |
| Martin ratioReturn relative to average drawdown | -1.36 | 929.44 | -930.81 |
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Drawdowns
BOX vs. TBIL - Drawdown Comparison
The maximum BOX drawdown since its inception was -68.56%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for BOX and TBIL.
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Drawdown Indicators
| BOX | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.56% | -0.10% | -68.46% |
Max Drawdown (1Y)Largest decline over 1 year | -38.15% | -0.02% | -38.13% |
Max Drawdown (3Y)Largest decline over 3 years | -44.57% | -0.02% | -44.55% |
Max Drawdown (5Y)Largest decline over 5 years | -44.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.56% | — | — |
Current DrawdownCurrent decline from peak | -35.20% | 0.00% | -35.20% |
Average DrawdownAverage peak-to-trough decline | -25.27% | -0.00% | -25.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.09% | 0.00% | +20.09% |
Volatility
BOX vs. TBIL - Volatility Comparison
Box, Inc. (BOX) has a higher volatility of 13.49% compared to F/m US Treasury 3 Month Bill ETF (TBIL) at 0.06%. This indicates that BOX's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOX | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.49% | 0.06% | +13.43% |
Volatility (6M)Calculated over the trailing 6-month period | 29.53% | 0.19% | +29.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.83% | 0.29% | +33.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.14% | 0.32% | +32.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.78% | 0.32% | +38.46% |
Dividends
BOX vs. TBIL - Dividend Comparison
BOX has not paid dividends to shareholders, while TBIL's dividend yield for the trailing twelve months is around 3.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BOX Box, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TBIL F/m US Treasury 3 Month Bill ETF | 3.81% | 4.07% | 5.02% | 5.00% | 1.10% |
Frequently Asked Questions
BOX and TBIL have a correlation of 0.10, 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 TBIL (0.06%). In terms of maximum drawdown, BOX dropped -68.56% vs TBIL's -0.10%.
TBIL currently has the higher Sharpe Ratio (13.76 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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