MAAY vs. BOXX

Last updated Jun 5, 2026

MAAY (GraniteShares YieldBOOST MARA ETF) and BOXX (Alpha Architect 1-3 Month Box ETF) are both exchange-traded funds - MAAY is a Derivative Income fund actively managed by GraniteShares, while BOXX is a Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index. MAAY is actively managed, while BOXX is passively managed. At a correlation of -0.06, they often move in opposite directions. MAAY charges 1.07%/yr vs 0.19%/yr for BOXX.

Performance

MAAY vs. BOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST MARA ETF (MAAY) and Alpha Architect 1-3 Month Box ETF (BOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAAY achieves a -15.40% return, which is significantly lower than BOXX's 1.59% return.

MAAY

• 1D: 0.18%
• 1M: 3.97%
• YTD: -15.40%
• 6M: -32.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOXX

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

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

MAAY vs. BOXX - Yearly Performance Comparison

	2026 (YTD)	2025
MAAY GraniteShares YieldBOOST MARA ETF	-15.40%	-27.95%
BOXX Alpha Architect 1-3 Month Box ETF	1.59%	0.74%

Correlation

The correlation between MAAY and BOXX is -0.06, 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 Nov 5, 2025	-0.06

Return for Risk

MAAY vs. BOXX — 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.

MAAY vs. BOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST MARA ETF (MAAY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MAAY	BOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	12.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.93	12.91	-14.83

Drawdowns

MAAY vs. BOXX - Drawdown Comparison

The maximum MAAY drawdown since its inception was -45.22%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for MAAY and BOXX.

Drawdown Indicators

	MAAY	BOXX	Difference
Max Drawdown Largest peak-to-trough decline	-45.22%	-0.12%	-45.10%
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	-39.79%	0.00%	-39.79%
Average Drawdown Average peak-to-trough decline	-31.50%	-0.00%	-31.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	MAAY	BOXX	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	30.07%	0.32%	+29.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.07%	0.37%	+29.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.07%	0.37%	+29.70%

MAAY vs. BOXX - Expense Ratio Comparison

MAAY has a 1.07% expense ratio, which is higher than BOXX's 0.19% expense ratio.

Dividends

MAAY vs. BOXX - Dividend Comparison

MAAY's dividend yield for the trailing twelve months is around 131.63%, while BOXX has not paid dividends to shareholders.

Position	TTM	2025	2024
BOXX Alpha Architect 1-3 Month Box ETF	0.00%	0.00%	0.26%
MAAY GraniteShares YieldBOOST MARA ETF	131.63%	31.22%	0.00%

Frequently Asked Questions

Can I hold both MAAY and BOXX in my portfolio?

MAAY and BOXX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MAAY or BOXX?

On fees, BOXX is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MAAY or BOXX?

BOXX is cheaper with a 0.19% expense ratio, compared with 1.07% for MAAY.

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

MAAY has the higher dividend yield at 131.63%, compared with 0.00% for BOXX.

What is the main difference between MAAY and BOXX?

MAAY is categorized as Derivative Income, while BOXX is Ultrashort Bond. They also come from different issuers: GraniteShares and Alpha Architect. Their fees differ too: 1.07% for MAAY and 0.19% for BOXX.