BOXX vs. XDIV

Last updated Jun 5, 2026

BOXX (Alpha Architect 1-3 Month Box ETF) and XDIV (Roundhill S&P 500 No Dividend Target ETF) are both exchange-traded funds - BOXX is a Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index, while XDIV is a S&P 500 fund actively managed by Roundhill. BOXX is passively managed, while XDIV is actively managed. At a 0.03 correlation, their price movements are largely independent. BOXX charges 0.19%/yr vs 0.09%/yr for XDIV.

Performance

BOXX vs. XDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect 1-3 Month Box ETF (BOXX) and Roundhill S&P 500 No Dividend Target ETF (XDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOXX achieves a 1.59% return, which is significantly lower than XDIV's 11.08% return.

BOXX

• 1D: 0.01%
• 1M: 0.29%
• YTD: 1.59%
• 6M: 1.98%
• 1Y: 4.09%
• 3Y*: 4.75%
• 5Y*: —
• 10Y*: —

XDIV

• 1D: 0.41%
• 1M: 4.81%
• YTD: 11.08%
• 6M: 11.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BOXX vs. XDIV - Yearly Performance Comparison

	2026 (YTD)	2025
BOXX Alpha Architect 1-3 Month Box ETF	1.59%	2.07%
XDIV Roundhill S&P 500 No Dividend Target ETF	11.08%	9.90%

Correlation

The correlation between BOXX and XDIV is 0.03, 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 (All Time) Calculated using the full available price history since Jul 11, 2025	0.03

Return for Risk

BOXX vs. XDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOXX

BOXX Risk / Return Rank: 100
BOXX Sharpe Ratio Rank: 100
BOXX Sortino Ratio Rank: 100
BOXX Omega Ratio Rank: 100
BOXX Calmar Ratio Rank: 100
BOXX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOXX vs. XDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect 1-3 Month Box ETF (BOXX) and Roundhill S&P 500 No Dividend Target ETF (XDIV). 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.

	BOXX	XDIV	Difference
Sharpe ratio: Return per unit of total volatility	12.81	—	—
Sortino ratio: Return per unit of downside risk	37.95	—	—
Omega ratio: Gain probability vs. loss probability	9.96	—	—
Calmar ratio: Return relative to maximum drawdown	59.63	—	—
Martin ratio: Return relative to average drawdown	530.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BOXX	XDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	12.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	12.91	2.02	+10.89

Drawdowns

BOXX vs. XDIV - Drawdown Comparison

The maximum BOXX drawdown since its inception was -0.12%, smaller than the maximum XDIV drawdown of -9.16%. Use the drawdown chart below to compare losses from any high point for BOXX and XDIV.

Drawdown Indicators

	BOXX	XDIV	Difference
Max Drawdown Largest peak-to-trough decline	-0.12%	-9.16%	+9.04%
Max Drawdown (1Y) Largest decline over 1 year	-0.07%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.12%	—	—
Current Drawdown Current decline from peak	0.00%	-0.27%	+0.27%
Average Drawdown Average peak-to-trough decline	-0.00%	-1.19%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	—	—

Volatility

Volatility by Period

	BOXX	XDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.32%	12.29%	-11.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.37%	12.29%	-11.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.37%	12.29%	-11.92%

BOXX vs. XDIV - Expense Ratio Comparison

BOXX has a 0.19% expense ratio, which is higher than XDIV's 0.09% 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%.

Dividends

BOXX vs. XDIV - Dividend Comparison

Neither BOXX nor XDIV has paid dividends to shareholders.

Position	TTM	2025	2024
BOXX Alpha Architect 1-3 Month Box ETF	0.00%	0.00%	0.26%
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BOXX and XDIV in my portfolio?

BOXX and XDIV have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BOXX or XDIV?

On fees, XDIV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BOXX or XDIV?

XDIV is cheaper with a 0.09% expense ratio, compared with 0.19% for BOXX.

Which ETF pays a higher dividend yield, BOXX or XDIV?

BOXX and XDIV have nearly identical dividend yields, around 0.00%.

What is the main difference between BOXX and XDIV?

BOXX is categorized as Ultrashort Bond, while XDIV is S&P 500. They also come from different issuers: Alpha Architect and Roundhill. Their fees differ too: 0.19% for BOXX and 0.09% for XDIV.