TBIL vs. BOXX
Compare and contrast key facts about US Treasury 3 Month Bill ETF (TBIL) and Alpha Architect 1-3 Month Box ETF (BOXX).
TBIL and BOXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US Treasury Bill 3 Month Index. It was launched on Aug 8, 2022. 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: TBIL or BOXX.
Key characteristics
| TBIL | BOXX | |
|---|---|---|
| YTD Return | 4.69% | 4.47% |
| 1Y Return | 5.43% | 5.28% |
| Sharpe Ratio | 14.58 | 13.84 |
| Sortino Ratio | 79.36 | 47.40 |
| Omega Ratio | 24.15 | 10.50 |
| Calmar Ratio | 271.14 | 139.71 |
| Martin Ratio | 1,240.31 | 727.95 |
| Ulcer Index | 0.00% | 0.01% |
| Daily Std Dev | 0.38% | 0.38% |
| Max Drawdown | -0.10% | -0.12% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TBIL and BOXX is 0.24, 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
TBIL vs. BOXX - Performance Comparison
The year-to-date returns for both stocks are quite close, with TBIL having a 4.69% return and BOXX slightly lower at 4.47%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TBIL vs. BOXX - Expense Ratio Comparison
TBIL has a 0.15% expense ratio, which is lower than BOXX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
TBIL vs. BOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 3 Month Bill ETF (TBIL) 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.
Dividends
TBIL vs. BOXX - Dividend Comparison
TBIL's dividend yield for the trailing twelve months is around 5.39%, more than BOXX's 0.27% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TBIL US Treasury 3 Month Bill ETF | 5.39% | 5.00% | 1.10% |
BOXX Alpha Architect 1-3 Month Box ETF | 0.27% | 0.00% | 0.00% |
Drawdowns
TBIL vs. BOXX - Drawdown Comparison
The maximum TBIL drawdown since its inception was -0.10%, smaller than the maximum BOXX drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for TBIL and BOXX. For additional features, visit the drawdowns tool.
Volatility
TBIL vs. BOXX - Volatility Comparison
US Treasury 3 Month Bill ETF (TBIL) and Alpha Architect 1-3 Month Box ETF (BOXX) have volatilities of 0.09% and 0.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.