TAXX vs. BOXX
Compare and contrast key facts about Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and Alpha Architect 1-3 Month Box ETF (BOXX).
TAXX and BOXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TAXX is an actively managed fund by BondBloxx. It was launched on Mar 14, 2024. BOXX is an actively managed fund by Alpha Architect. It was launched on Dec 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TAXX or BOXX.
Correlation
The correlation between TAXX and BOXX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TAXX vs. BOXX - Performance Comparison
Key characteristics
TAXX:
1.32%
BOXX:
0.38%
TAXX:
-0.59%
BOXX:
-0.12%
TAXX:
-0.20%
BOXX:
0.00%
Returns By Period
In the year-to-date period, TAXX achieves a 0.33% return, which is significantly lower than BOXX's 0.40% return.
TAXX
0.33%
0.33%
1.82%
N/A
N/A
N/A
BOXX
0.40%
0.40%
2.51%
5.21%
N/A
N/A
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TAXX vs. BOXX - Expense Ratio Comparison
TAXX has a 0.35% expense ratio, which is higher than BOXX's 0.20% expense ratio.
Risk-Adjusted Performance
TAXX vs. BOXX — Risk-Adjusted Performance Rank
TAXX
BOXX
TAXX vs. BOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) 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.
Not enough dataDividends
TAXX vs. BOXX - Dividend Comparison
TAXX's dividend yield for the trailing twelve months is around 2.70%, more than BOXX's 0.26% yield.
| TTM | 2024 | |
|---|---|---|
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 2.70% | 2.71% |
BOXX Alpha Architect 1-3 Month Box ETF | 0.26% | 0.26% |
Drawdowns
TAXX vs. BOXX - Drawdown Comparison
The maximum TAXX drawdown since its inception was -0.59%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for TAXX and BOXX. For additional features, visit the drawdowns tool.
Volatility
TAXX vs. BOXX - Volatility Comparison
Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) has a higher volatility of 0.41% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.09%. This indicates that TAXX'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.