OWL vs. BOXX
OWL (Blue Owl Capital 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, OWL returned 1.74%/yr vs 4.69%/yr for BOXX. Their -0.03 correlation means they have often moved in opposite directions in the past.
Performance
OWL vs. BOXX - Performance Comparison
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Returns By Period
In the year-to-date period, OWL achieves a -22.03% return, which is significantly lower than BOXX's 2.26% return.
OWL
- 1D
- 8.35%
- 1M
- 23.45%
- 6M
- -13.20%
- YTD
- -22.03%
- 1Y
- -36.54%
- 3Y*
- 1.74%
- 5Y*
- 2.16%
- 10Y*
- —
- ALL TIME*
- 4.59%
BOXX
- 1D
- 0.00%
- 1M
- 0.41%
- 6M
- 1.92%
- YTD
- 2.26%
- 1Y
- 4.08%
- 3Y*
- 4.69%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $276.02M | $268.73M | $278.86M | |
| $206.28M | $173.17M | $215.56M |
OWL vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OWL Blue Owl Capital Inc. | -22.03% | -32.83% | 61.76% | 47.40% | 0.57% |
BOXX Alpha Architect 1-3 Month Box ETF | 2.26% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between OWL and BOXX is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2022 | -0.03 |
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Return for Risk
OWL vs. BOXX — Risk / Return Rank
OWL
BOXX
OWL vs. BOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blue Owl Capital Inc. (OWL) 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.
| OWL | BOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.13 | ||
| Sortino ratioReturn per unit of downside risk | -37.10 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 8.65 | -7.77 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 59.50 | -60.13 |
| Martin ratioReturn relative to average drawdown | -0.98 | 500.09 | -501.07 |
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Drawdowns
OWL vs. BOXX - Drawdown Comparison
The maximum OWL drawdown since its inception was -67.10%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for OWL and BOXX.
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Drawdown Indicators
| OWL | BOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.10% | -0.12% | -66.98% |
Max Drawdown (1Y)Largest decline over 1 year | -57.61% | -0.07% | -57.54% |
Max Drawdown (3Y)Largest decline over 3 years | -67.10% | -0.12% | -66.98% |
Max Drawdown (5Y)Largest decline over 5 years | -67.10% | — | — |
Current DrawdownCurrent decline from peak | -54.34% | 0.00% | -54.34% |
Average DrawdownAverage peak-to-trough decline | -25.04% | 0.00% | -25.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.21% | 0.01% | +37.20% |
Volatility
OWL vs. BOXX - Volatility Comparison
Blue Owl Capital Inc. (OWL) has a higher volatility of 12.87% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.08%. This indicates that OWL'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
| OWL | BOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.87% | 0.08% | +12.79% |
Volatility (6M)Calculated over the trailing 6-month period | 36.46% | 0.27% | +36.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.73% | 0.33% | +45.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.87% | 0.37% | +41.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.85% | 0.37% | +42.48% |
Dividends
OWL vs. BOXX - Dividend Comparison
OWL's dividend yield for the trailing twelve months is around 8.11%, while BOXX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BOXX Alpha Architect 1-3 Month Box ETF | 0.00% | 0.00% | 0.26% | 0.00% | 0.00% | 0.00% |
OWL Blue Owl Capital Inc. | 8.11% | 5.72% | 2.92% | 3.69% | 4.06% | 0.87% |
Frequently Asked Questions
OWL 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.
OWL has higher volatility (12.87%) compared to BOXX (0.08%). In terms of maximum drawdown, OWL dropped -67.10% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.33 vs -0.80), 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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