MSFT vs. BOXX
MSFT (Microsoft Corporation) 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, MSFT returned 6.13%/yr vs 4.70%/yr for BOXX. At a 0.03 correlation, their price movements are largely independent.
Performance
MSFT vs. BOXX - Performance Comparison
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Returns By Period
In the year-to-date period, MSFT achieves a -16.97% return, which is significantly lower than BOXX's 1.65% return.
MSFT
- 1D
- 2.31%
- 1M
- -5.05%
- YTD
- -16.97%
- 6M
- -15.43%
- 1Y
- -15.16%
- 3Y*
- 6.13%
- 5Y*
- 10.11%
- 10Y*
- 24.60%
BOXX
- 1D
- -0.01%
- 1M
- 0.23%
- YTD
- 1.65%
- 6M
- 1.93%
- 1Y
- 4.05%
- 3Y*
- 4.70%
- 5Y*
- —
- 10Y*
- —
MSFT vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSFT Microsoft Corporation | -16.97% | 15.58% | 12.93% | 58.19% | 1.21% |
BOXX Alpha Architect 1-3 Month Box ETF | 1.65% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between MSFT 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 | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2022 | 0.03 |
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Return for Risk
MSFT vs. BOXX — Risk / Return Rank
MSFT
BOXX
MSFT vs. BOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) 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.
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.
| MSFT | BOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.18 | ||
| Sortino ratioReturn per unit of downside risk | -37.68 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 9.40 | -8.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 59.06 | -59.50 |
| Martin ratioReturn relative to average drawdown | -0.92 | 519.27 | -520.19 |
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Drawdowns
MSFT vs. BOXX - Drawdown Comparison
The maximum MSFT drawdown since its inception was -69.38%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for MSFT and BOXX.
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Drawdown Indicators
| MSFT | BOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -0.12% | -69.26% |
Max Drawdown (1Y)Largest decline over 1 year | -33.91% | -0.07% | -33.84% |
Max Drawdown (3Y)Largest decline over 3 years | -33.91% | -0.12% | -33.79% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | — | — |
Current DrawdownCurrent decline from peak | -25.79% | -0.01% | -25.78% |
Average DrawdownAverage peak-to-trough decline | -21.78% | -0.00% | -21.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.56% | 0.01% | +16.55% |
Volatility
MSFT vs. BOXX - Volatility Comparison
Microsoft Corporation (MSFT) has a higher volatility of 10.74% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.11%. This indicates that MSFT'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
| MSFT | BOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.74% | 0.11% | +10.63% |
Volatility (6M)Calculated over the trailing 6-month period | 22.41% | 0.25% | +22.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.54% | 0.32% | +25.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.68% | 0.37% | +26.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.07% | 0.37% | +26.70% |
Dividends
MSFT vs. BOXX - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.89%, while BOXX has not paid dividends to shareholders.
| 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% |
MSFT Microsoft Corporation | 0.89% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
MSFT 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.
MSFT has higher volatility (10.74%) compared to BOXX (0.11%). In terms of maximum drawdown, MSFT dropped -69.38% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.58 vs -0.60), 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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