SPGI vs. BOXX
SPGI (S&P Global 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, SPGI returned 1.45%/yr vs 4.68%/yr for BOXX. At a 0.03 correlation, their price movements are largely independent.
Performance
SPGI vs. BOXX - Performance Comparison
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Returns By Period
In the year-to-date period, SPGI achieves a -21.46% return, which is significantly lower than BOXX's 1.75% return.
SPGI
- 1D
- 0.10%
- 1M
- -3.64%
- YTD
- -21.46%
- 6M
- -22.57%
- 1Y
- -20.42%
- 3Y*
- 1.45%
- 5Y*
- 0.75%
- 10Y*
- 15.30%
BOXX
- 1D
- -0.02%
- 1M
- 0.20%
- YTD
- 1.75%
- 6M
- 1.78%
- 1Y
- 3.96%
- 3Y*
- 4.68%
- 5Y*
- —
- 10Y*
- —
SPGI vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPGI S&P Global Inc. | -21.46% | 5.71% | 13.94% | 32.79% | 1.09% |
BOXX Alpha Architect 1-3 Month Box ETF | 1.75% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between SPGI and BOXX is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2022 | 0.03 |
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Return for Risk
SPGI vs. BOXX — Risk / Return Rank
SPGI
BOXX
SPGI vs. BOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) 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.
| SPGI | BOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.00 | ||
| Sortino ratioReturn per unit of downside risk | -35.35 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 8.42 | -7.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 57.79 | -58.46 |
| Martin ratioReturn relative to average drawdown | -1.21 | 488.84 | -490.04 |
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Drawdowns
SPGI vs. BOXX - Drawdown Comparison
The maximum SPGI drawdown since its inception was -74.67%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for SPGI and BOXX.
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Drawdown Indicators
| SPGI | BOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.67% | -0.12% | -74.55% |
Max Drawdown (1Y)Largest decline over 1 year | -30.48% | -0.07% | -30.41% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -0.12% | -30.36% |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | — | — |
Current DrawdownCurrent decline from peak | -26.97% | -0.02% | -26.95% |
Average DrawdownAverage peak-to-trough decline | -15.25% | -0.00% | -15.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.92% | 0.01% | +16.91% |
Volatility
SPGI vs. BOXX - Volatility Comparison
S&P Global Inc. (SPGI) has a higher volatility of 8.87% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.10%. This indicates that SPGI'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
| SPGI | BOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.87% | 0.10% | +8.77% |
Volatility (6M)Calculated over the trailing 6-month period | 24.64% | 0.26% | +24.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.15% | 0.32% | +27.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 0.37% | +24.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.95% | 0.37% | +25.58% |
Dividends
SPGI vs. BOXX - Dividend Comparison
SPGI's dividend yield for the trailing twelve months is around 0.94%, 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% |
SPGI S&P Global Inc. | 0.94% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
Frequently Asked Questions
SPGI and BOXX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPGI has higher volatility (8.87%) compared to BOXX (0.10%). In terms of maximum drawdown, SPGI dropped -74.67% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.27 vs -0.73), 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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