BOXX vs. XDIV

Last updated Apr 2, 2026

Compare and contrast key facts about Alpha Architect 1-3 Month Box ETF (BOXX) and Roundhill S&P 500 No Dividend Target ETF (XDIV).

BOXX and XDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BOXX is a passively managed fund by Alpha Architect that tracks the performance of the Solactive 1-3 Month US T-Bill Index. It was launched on Dec 27, 2022. XDIV is an actively managed fund by Roundhill. It was launched on Jul 10, 2025.

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.

BOXX vs. XDIV - Yearly Performance Comparison

	2026 (YTD)	2025
BOXX Alpha Architect 1-3 Month Box ETF	0.96%	2.07%
XDIV Roundhill S&P 500 No Dividend Target ETF	-4.00%	9.90%

Returns By Period

In the year-to-date period, BOXX achieves a 0.96% return, which is significantly higher than XDIV's -4.00% return.

BOXX

• 1D: -0.07%
• 1M: 0.32%
• YTD: 0.96%
• 6M: 2.05%
• 1Y: 4.22%
• 3Y*: 4.80%
• 5Y*: —
• 10Y*: —

XDIV

• 1D: 0.45%
• 1M: -4.31%
• YTD: -4.00%
• 6M: -1.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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%.

BOXX

Alpha Architect 1-3 Month Box ETF

XDIV

Roundhill S&P 500 No Dividend Target ETF

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	12.86	—	—
Sortino ratio Return per unit of downside risk	36.75	—	—
Omega ratio Gain probability vs. loss probability	9.21	—	—
Calmar ratio Return relative to maximum drawdown	61.54	—	—
Martin ratio Return relative to average drawdown	571.35	—	—
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	12.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	12.97	0.61	+12.36

Correlation

The correlation between BOXX and XDIV is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BOXX vs. XDIV - Dividend Comparison

Neither BOXX nor XDIV has paid dividends to shareholders.

	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%

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%	—	—
Current Drawdown Current decline from peak	-0.07%	-5.76%	+5.69%
Average Drawdown Average peak-to-trough decline	0.00%	-1.29%	+1.29%
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	0.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.33%	12.58%	-12.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.37%	12.58%	-12.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.37%	12.58%	-12.21%