BOXX vs. IAUM
Compare and contrast key facts about Alpha Architect 1-3 Month Box ETF (BOXX) and iShares Gold Trust Micro ETF of Benef Interest (IAUM).
BOXX and IAUM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BOXX is an actively managed fund by Alpha Architect. It was launched on Dec 27, 2022. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOXX or IAUM.
Key characteristics
| BOXX | IAUM | |
|---|---|---|
| YTD Return | 3.69% | 23.50% |
| 1Y Return | 5.36% | 31.92% |
| Sharpe Ratio | 12.55 | 2.22 |
| Daily Std Dev | 0.43% | 14.34% |
| Max Drawdown | -0.12% | -20.87% |
| Current Drawdown | 0.00% | -1.28% |
Correlation
The correlation between BOXX and IAUM is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BOXX vs. IAUM - Performance Comparison
In the year-to-date period, BOXX achieves a 3.69% return, which is significantly lower than IAUM's 23.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BOXX vs. IAUM - Expense Ratio Comparison
BOXX has a 0.20% expense ratio, which is higher than IAUM's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BOXX vs. IAUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect 1-3 Month Box ETF (BOXX) and iShares Gold Trust Micro ETF of Benef Interest (IAUM). 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.
Dividends
BOXX vs. IAUM - Dividend Comparison
BOXX's dividend yield for the trailing twelve months is around 0.27%, while IAUM has not paid dividends to shareholders.
| TTM | |
|---|---|
BOXX Alpha Architect 1-3 Month Box ETF | 0.27% |
IAUM iShares Gold Trust Micro ETF of Benef Interest | 0.00% |
Drawdowns
BOXX vs. IAUM - Drawdown Comparison
The maximum BOXX drawdown since its inception was -0.12%, smaller than the maximum IAUM drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for BOXX and IAUM. For additional features, visit the drawdowns tool.
Volatility
BOXX vs. IAUM - Volatility Comparison
The current volatility for Alpha Architect 1-3 Month Box ETF (BOXX) is 0.11%, while iShares Gold Trust Micro ETF of Benef Interest (IAUM) has a volatility of 3.45%. This indicates that BOXX experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.