BOXX vs. SPGI
BOXX (Alpha Architect 1-3 Month Box ETF) is Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index, while SPGI (S&P Global Inc.) is a stock. Over the past 3 years, BOXX returned 4.71%/yr vs 4.69%/yr for SPGI. At a 0.03 correlation, their price movements are largely independent.
Performance
BOXX vs. SPGI - Performance Comparison
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Returns By Period
In the year-to-date period, BOXX achieves a 2.09% return, which is significantly higher than SPGI's -8.87% return.
BOXX
- 1D
- 0.01%
- 1M
- 0.38%
- 6M
- 1.89%
- YTD
- 2.09%
- 1Y
- 4.08%
- 3Y*
- 4.71%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.71%
SPGI
- 1D
- -0.55%
- 1M
- 15.35%
- 6M
- -12.84%
- YTD
- -8.87%
- 1Y
- -8.85%
- 3Y*
- 4.69%
- 5Y*
- 3.46%
- 10Y*
- 16.05%
- ALL TIME*
- 13.43%
BOXX vs. SPGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BOXX Alpha Architect 1-3 Month Box ETF | 2.09% | 4.37% | 5.16% | 5.04% | 0.07% |
SPGI S&P Global Inc. | -8.87% | 5.71% | 13.94% | 32.79% | 1.09% |
Correlation
The correlation between BOXX and SPGI is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2022 | 0.03 |
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Return for Risk
BOXX vs. SPGI — Risk / Return Rank
BOXX
SPGI
BOXX vs. SPGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect 1-3 Month Box ETF (BOXX) and S&P Global Inc. (SPGI). 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 | SPGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.75 | ||
| Sortino ratioReturn per unit of downside risk | +36.39 | ||
| Omega ratioGain probability vs. loss probability | 8.79 | 0.97 | +7.82 |
| Calmar ratioReturn relative to maximum drawdown | 59.60 | -0.29 | +59.89 |
| Martin ratioReturn relative to average drawdown | 502.06 | -0.51 | +502.56 |
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Drawdowns
BOXX vs. SPGI - Drawdown Comparison
The maximum BOXX drawdown since its inception was -0.12%, smaller than the maximum SPGI drawdown of -74.67%. Use the drawdown chart below to compare losses from any high point for BOXX and SPGI.
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Drawdown Indicators
| BOXX | SPGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.12% | -74.67% | +74.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -30.48% | +30.41% |
Max Drawdown (3Y)Largest decline over 3 years | -0.12% | -30.48% | +30.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.76% | — |
Current DrawdownCurrent decline from peak | 0.00% | -15.27% | +15.27% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -15.25% | +15.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 17.44% | -17.43% |
Volatility
BOXX vs. SPGI - Volatility Comparison
The current volatility for Alpha Architect 1-3 Month Box ETF (BOXX) is 0.11%, while S&P Global Inc. (SPGI) has a volatility of 11.70%. This indicates that BOXX experiences smaller price fluctuations and is considered to be less risky than SPGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOXX | SPGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 11.70% | -11.59% |
Volatility (6M)Calculated over the trailing 6-month period | 0.26% | 26.55% | -26.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.33% | 30.16% | -29.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.37% | 25.06% | -24.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.37% | 26.15% | -25.78% |
Dividends
BOXX vs. SPGI - Dividend Comparison
BOXX has not paid dividends to shareholders, while SPGI's dividend yield for the trailing twelve months is around 5.78%.
| 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% |
SPGI S&P Global Inc. | 5.78% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
Frequently Asked Questions
BOXX and SPGI have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPGI has higher volatility (11.70%) compared to BOXX (0.11%). In terms of maximum drawdown, BOXX dropped -0.12% vs SPGI's -74.67%.
BOXX currently has the higher Sharpe Ratio (12.46 vs -0.29), 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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