CIFR vs. BOXX
CIFR (Cipher Mining Inc.) is a stock, while BOXX (Alpha Architect 1-3 Month Box ETF) is Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index. Over the past 3 years, CIFR returned 116.66%/yr vs 4.75%/yr for BOXX. At a 0.02 correlation, their price movements are largely independent.
Performance
CIFR vs. BOXX - Performance Comparison
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Returns By Period
In the year-to-date period, CIFR achieves a 77.78% return, which is significantly higher than BOXX's 1.58% return.
CIFR
- 1D
- -0.19%
- 1M
- 46.67%
- YTD
- 77.78%
- 6M
- 40.85%
- 1Y
- 663.90%
- 3Y*
- 116.66%
- 5Y*
- —
- 10Y*
- —
BOXX
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.58%
- 6M
- 1.97%
- 1Y
- 4.10%
- 3Y*
- 4.75%
- 5Y*
- —
- 10Y*
- —
CIFR vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CIFR Cipher Mining Inc. | 77.78% | 218.10% | 12.35% | 637.50% | 35.86% |
BOXX Alpha Architect 1-3 Month Box ETF | 1.58% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between CIFR and BOXX is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2022 | 0.02 |
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Return for Risk
CIFR vs. BOXX — Risk / Return Rank
CIFR
BOXX
CIFR vs. BOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cipher Mining Inc. (CIFR) and Alpha Architect 1-3 Month Box ETF (BOXX). 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.
| CIFR | BOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.65 | ||
| Sortino ratioReturn per unit of downside risk | -33.81 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 9.98 | -8.48 |
| Calmar ratioReturn relative to maximum drawdown | 13.04 | 59.77 | -46.73 |
| Martin ratioReturn relative to average drawdown | 26.19 | 531.84 | -505.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CIFR | BOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.19 | 12.84 | -6.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 12.91 | -12.73 |
Drawdowns
CIFR vs. BOXX - Drawdown Comparison
The maximum CIFR drawdown since its inception was -97.16%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for CIFR and BOXX.
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Drawdown Indicators
| CIFR | BOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.16% | -0.12% | -97.04% |
Max Drawdown (1Y)Largest decline over 1 year | -51.38% | -0.07% | -51.31% |
Max Drawdown (3Y)Largest decline over 3 years | -71.74% | -0.12% | -71.62% |
Current DrawdownCurrent decline from peak | -0.19% | 0.00% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -66.62% | -0.00% | -66.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.53% | 0.01% | +25.52% |
Volatility
CIFR vs. BOXX - Volatility Comparison
Cipher Mining Inc. (CIFR) has a higher volatility of 31.03% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.09%. This indicates that CIFR's price experiences larger fluctuations and is considered to be riskier than BOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIFR | BOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.03% | 0.09% | +30.94% |
Volatility (6M)Calculated over the trailing 6-month period | 70.59% | 0.25% | +70.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.31% | 0.32% | +107.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.98% | 0.37% | +121.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 121.98% | 0.37% | +121.61% |
Dividends
CIFR vs. BOXX - Dividend Comparison
Neither CIFR nor BOXX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BOXX Alpha Architect 1-3 Month Box ETF | 0.00% | 0.00% | 0.26% |
CIFR Cipher Mining Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIFR and BOXX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIFR has higher volatility (31.03%) compared to BOXX (0.09%). In terms of maximum drawdown, CIFR dropped -97.16% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.84 vs 6.19), 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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