BOXX vs. NVO
BOXX (Alpha Architect 1-3 Month Box ETF) is Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index, while NVO (Novo Nordisk A/S) is a stock. Over the past 3 years, BOXX returned 4.74%/yr vs -15.59%/yr for NVO. At a correlation of -0.01, they often move in opposite directions.
Performance
BOXX vs. NVO - Performance Comparison
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Returns By Period
In the year-to-date period, BOXX achieves a 1.66% return, which is significantly higher than NVO's -10.74% return.
BOXX
- 1D
- 0.03%
- 1M
- 0.29%
- YTD
- 1.66%
- 6M
- 1.95%
- 1Y
- 4.07%
- 3Y*
- 4.74%
- 5Y*
- —
- 10Y*
- —
NVO
- 1D
- -0.18%
- 1M
- -6.80%
- YTD
- -10.74%
- 6M
- -9.50%
- 1Y
- -43.34%
- 3Y*
- -15.59%
- 5Y*
- 2.92%
- 10Y*
- 7.56%
BOXX vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BOXX Alpha Architect 1-3 Month Box ETF | 1.66% | 4.37% | 5.16% | 5.04% | 0.07% |
NVO Novo Nordisk A/S | -10.74% | -39.22% | -15.93% | 54.84% | 1.57% |
Correlation
The correlation between BOXX and NVO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
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 | -0.01 |
The correlation between BOXX and NVO shifts across timeframes, from -0.01 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BOXX vs. NVO — Risk / Return Rank
BOXX
NVO
BOXX vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect 1-3 Month Box ETF (BOXX) and Novo Nordisk A/S (NVO). 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.
| BOXX | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +13.54 | ||
| Sortino ratioReturn per unit of downside risk | +38.41 | ||
| Omega ratioGain probability vs. loss probability | 9.61 | 0.85 | +8.76 |
| Calmar ratioReturn relative to maximum drawdown | 59.46 | -0.80 | +60.26 |
| Martin ratioReturn relative to average drawdown | 524.03 | -1.18 | +525.21 |
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Drawdowns
BOXX vs. NVO - Drawdown Comparison
The maximum BOXX drawdown since its inception was -0.12%, smaller than the maximum NVO drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for BOXX and NVO.
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Drawdown Indicators
| BOXX | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.12% | -74.70% | +74.58% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -54.34% | +54.27% |
Max Drawdown (3Y)Largest decline over 3 years | -0.12% | -74.70% | +74.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.70% | — |
Current DrawdownCurrent decline from peak | 0.00% | -68.11% | +68.11% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -17.79% | +17.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 37.62% | -37.61% |
Volatility
BOXX vs. NVO - Volatility Comparison
The current volatility for Alpha Architect 1-3 Month Box ETF (BOXX) is 0.10%, while Novo Nordisk A/S (NVO) has a volatility of 10.68%. This indicates that BOXX experiences smaller price fluctuations and is considered to be less risky than NVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOXX | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 10.68% | -10.58% |
Volatility (6M)Calculated over the trailing 6-month period | 0.25% | 38.04% | -37.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 51.88% | -51.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.37% | 38.33% | -37.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.37% | 32.56% | -32.19% |
Dividends
BOXX vs. NVO - Dividend Comparison
BOXX has not paid dividends to shareholders, while NVO's dividend yield for the trailing twelve months is around 4.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NVO Novo Nordisk A/S | 4.11% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Frequently Asked Questions
BOXX and NVO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (10.68%) compared to BOXX (0.10%). In terms of maximum drawdown, BOXX dropped -0.12% vs NVO's -74.70%.
BOXX currently has the higher Sharpe Ratio (12.70 vs -0.84), 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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