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 -1.17%/yr vs 4.70%/yr for BOXX. At a correlation of -0.03, 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 -32.79% return, which is significantly lower than BOXX's 2.02% return.
OWL
- 1D
- 3.55%
- 1M
- -0.62%
- 6M
- -34.37%
- YTD
- -32.79%
- 1Y
- -46.41%
- 3Y*
- -1.17%
- 5Y*
- -1.37%
- 10Y*
- —
BOXX
- 1D
- 0.02%
- 1M
- 0.35%
- 6M
- 1.86%
- YTD
- 2.02%
- 1Y
- 4.09%
- 3Y*
- 4.70%
- 5Y*
- —
- 10Y*
- —
OWL vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OWL Blue Owl Capital Inc. | -32.79% | -32.83% | 61.76% | 47.40% | 0.57% |
BOXX Alpha Architect 1-3 Month Box ETF | 2.02% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between OWL 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 (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -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 | -13.50 | ||
| Sortino ratioReturn per unit of downside risk | -37.81 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 8.80 | -7.97 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 59.64 | -60.44 |
| Martin ratioReturn relative to average drawdown | -1.27 | 502.41 | -503.68 |
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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 | -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 | -60.64% | 0.00% | -60.64% |
Average DrawdownAverage peak-to-trough decline | -24.68% | -0.00% | -24.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.58% | 0.01% | +36.57% |
Volatility
OWL vs. BOXX - Volatility Comparison
Blue Owl Capital Inc. (OWL) has a higher volatility of 12.10% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.12%. 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 | 12.10% | 0.12% | +11.98% |
Volatility (6M)Calculated over the trailing 6-month period | 35.47% | 0.26% | +35.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.06% | 0.33% | +44.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.06% | 0.37% | +41.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.76% | 0.37% | +42.39% |
Dividends
OWL vs. BOXX - Dividend Comparison
OWL's dividend yield for the trailing twelve months is around 9.41%, 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. | 9.41% | 5.72% | 2.92% | 3.69% | 4.06% | 0.87% |
Frequently Asked Questions
OWL 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.
OWL has higher volatility (12.10%) compared to BOXX (0.12%). In terms of maximum drawdown, OWL dropped -67.10% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.47 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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