TBIL vs. BOX
TBIL (F/m US Treasury 3 Month Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index, while BOX (Box, Inc.) is a stock. Over the past 3 years, TBIL returned 4.57%/yr vs 0.50%/yr for BOX. Their 0.02 correlation means their historical movements had little consistent relationship.
Performance
TBIL vs. BOX - Performance Comparison
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Returns By Period
In the year-to-date period, TBIL achieves a 2.11% return, which is significantly lower than BOX's 5.48% return.
TBIL
- 1D
- 0.04%
- 1M
- 0.28%
- 6M
- 1.80%
- YTD
- 2.11%
- 1Y
- 3.85%
- 3Y*
- 4.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.50%
BOX
- 1D
- 1.48%
- 1M
- 13.12%
- 6M
- 24.46%
- YTD
- 5.48%
- 1Y
- -0.13%
- 3Y*
- 0.50%
- 5Y*
- 5.69%
- 10Y*
- 10.33%
- ALL TIME*
- 3.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BOX Box, Inc. | $82.98M | $81.89M | $69.24M |
| $84.47M | $81.39M | $91.49M |
TBIL vs. BOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TBIL F/m US Treasury 3 Month Bill ETF | 2.11% | 4.19% | 5.15% | 5.12% | 1.29% |
BOX Box, Inc. | 5.48% | -5.35% | 23.39% | -17.73% | 3.05% |
Correlation
The correlation between TBIL and BOX is 0.09, 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. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.02 |
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Return for Risk
TBIL vs. BOX — Risk / Return Rank
TBIL
BOX
TBIL vs. BOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m US Treasury 3 Month Bill ETF (TBIL) and Box, Inc. (BOX). 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.
| TBIL | BOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +14.15 | ||
| Sortino ratioReturn per unit of downside risk | +68.62 | ||
| Omega ratioGain probability vs. loss probability | 22.93 | 1.02 | +21.91 |
| Calmar ratioReturn relative to maximum drawdown | 195.78 | -0.05 | +195.83 |
| Martin ratioReturn relative to average drawdown | 1,113.66 | -0.09 | +1,113.75 |
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Drawdowns
TBIL vs. BOX - Drawdown Comparison
The maximum TBIL drawdown since its inception was -0.10%, smaller than the maximum BOX drawdown of -68.56%. Use the drawdown chart below to compare losses from any high point for TBIL and BOX.
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Drawdown Indicators
| TBIL | BOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.10% | -68.56% | +68.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -36.30% | +36.28% |
Max Drawdown (3Y)Largest decline over 3 years | -0.02% | -44.57% | +44.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.56% | — |
Current DrawdownCurrent decline from peak | 0.00% | -18.16% | +18.16% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -25.26% | +25.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 18.79% | -18.79% |
Volatility
TBIL vs. BOX - Volatility Comparison
The current volatility for F/m US Treasury 3 Month Bill ETF (TBIL) is 0.09%, while Box, Inc. (BOX) has a volatility of 11.97%. This indicates that TBIL experiences smaller price fluctuations and is considered to be less risky than BOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBIL | BOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 11.97% | -11.88% |
Volatility (6M)Calculated over the trailing 6-month period | 0.20% | 30.97% | -30.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.28% | 36.35% | -36.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.32% | 33.37% | -33.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 38.77% | -38.45% |
Dividends
TBIL vs. BOX - Dividend Comparison
TBIL's dividend yield for the trailing twelve months is around 4.04%, while BOX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BOX Box, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TBIL F/m US Treasury 3 Month Bill ETF | 3.69% | 4.07% | 5.02% | 5.00% | 1.10% |
Frequently Asked Questions
TBIL and BOX 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.
BOX has higher volatility (11.97%) compared to TBIL (0.09%). In terms of maximum drawdown, TBIL dropped -0.10% vs BOX's -68.56%.
TBIL currently has the higher Sharpe Ratio (14.11 vs -0.05), 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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