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 2.69%/yr vs 4.75%/yr for BOXX. At a correlation of -0.04, they often move in opposite directions.
Performance
OWL vs. BOXX - Performance Comparison
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Returns By Period
In the year-to-date period, OWL achieves a -32.30% return, which is significantly lower than BOXX's 1.58% return.
OWL
- 1D
- -3.77%
- 1M
- -1.99%
- YTD
- -32.30%
- 6M
- -35.41%
- 1Y
- -44.58%
- 3Y*
- 2.69%
- 5Y*
- -2.82%
- 10Y*
- —
BOXX
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.58%
- 6M
- 1.97%
- 1Y
- 4.10%
- 3Y*
- 4.75%
- 5Y*
- —
- 10Y*
- —
OWL vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OWL Blue Owl Capital Inc. | -32.30% | -32.83% | 61.76% | 47.40% | 3.41% |
BOXX Alpha Architect 1-3 Month Box ETF | 1.58% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between OWL and BOXX is -0.09, 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 | -0.09 |
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 | -0.04 |
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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.
| OWL | BOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.88 | ||
| Sortino ratioReturn per unit of downside risk | -39.61 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 9.98 | -9.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 59.77 | -60.54 |
| Martin ratioReturn relative to average drawdown | -1.38 | 531.84 | -533.22 |
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
| OWL | BOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.03 | 12.84 | -13.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 12.91 | -12.84 |
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 | -58.59% | -0.07% | -58.52% |
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 | -60.35% | 0.00% | -60.35% |
Average DrawdownAverage peak-to-trough decline | -23.95% | -0.00% | -23.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.34% | 0.01% | +32.33% |
Volatility
OWL vs. BOXX - Volatility Comparison
Blue Owl Capital Inc. (OWL) has a higher volatility of 13.25% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.09%. 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 | 13.25% | 0.09% | +13.16% |
Volatility (6M)Calculated over the trailing 6-month period | 34.47% | 0.25% | +34.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.25% | 0.32% | +42.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.40% | 0.37% | +43.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.69% | 0.37% | +42.32% |
Dividends
OWL vs. BOXX - Dividend Comparison
OWL's dividend yield for the trailing twelve months is around 9.34%, 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. | 9.34% | 5.72% | 2.92% | 3.69% | 4.06% | 0.87% |
Frequently Asked Questions
OWL and BOXX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OWL has higher volatility (13.25%) compared to BOXX (0.09%). In terms of maximum drawdown, OWL dropped -67.10% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.84 vs -1.03), 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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