WAGN vs. BOXX

Last updated Jun 23, 2026

WAGN (Pabrai Wagons ETF) and BOXX (Alpha Architect 1-3 Month Box ETF) are both exchange-traded funds - WAGN is a Global Equities fund actively managed by Pabrai, while BOXX is a Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index. WAGN is actively managed, while BOXX is passively managed. At a correlation of -0.14, they often move in opposite directions. WAGN charges 0.90%/yr vs 0.19%/yr for BOXX.

Performance

WAGN vs. BOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pabrai Wagons ETF (WAGN) and Alpha Architect 1-3 Month Box ETF (BOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAGN

• 1D: -0.34%
• 1M: 0.17%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOXX

• 1D: 0.02%
• 1M: 0.18%
• YTD: 1.72%
• 6M: 1.87%
• 1Y: 4.02%
• 3Y*: 4.71%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WAGN vs. BOXX - Yearly Performance Comparison

	2026 (YTD)
WAGN Pabrai Wagons ETF	3.33%
BOXX Alpha Architect 1-3 Month Box ETF	1.30%

Correlation

The correlation between WAGN and BOXX is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 9, 2026	-0.14

Return for Risk

WAGN vs. BOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WAGN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BOXX

BOXX Risk / Return Rank: 100
BOXX Sharpe Ratio Rank: 100
BOXX Sortino Ratio Rank: 99
BOXX Omega Ratio Rank: 99
BOXX Calmar Ratio Rank: 99
BOXX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WAGN vs. BOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pabrai Wagons ETF (WAGN) 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.

	WAGN	BOXX	Difference
Sharpe ratio: Return per unit of total volatility	—	12.63	—
Sortino ratio: Return per unit of downside risk	—	35.92	—
Omega ratio: Gain probability vs. loss probability	—	9.07	—
Calmar ratio: Return relative to maximum drawdown	—	58.74	—
Martin ratio: Return relative to average drawdown	—	507.08	—

Drawdowns

WAGN vs. BOXX - Drawdown Comparison

The maximum WAGN drawdown since its inception was -7.02%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for WAGN and BOXX.

Drawdown Indicators

	WAGN	BOXX	Difference
Max Drawdown Largest peak-to-trough decline	-7.02%	-0.12%	-6.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.07%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.12%	—
Current Drawdown Current decline from peak	-7.02%	0.00%	-7.02%
Average Drawdown Average peak-to-trough decline	-2.64%	-0.00%	-2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	WAGN	BOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.31%	0.32%	+18.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.31%	0.37%	+18.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	0.37%	+18.94%

WAGN vs. BOXX - Expense Ratio Comparison

WAGN has a 0.90% expense ratio, which is higher than BOXX's 0.19% expense ratio.

Dividends

WAGN vs. BOXX - Dividend Comparison

Neither WAGN nor BOXX has paid dividends to shareholders.

Position	TTM	2025	2024
BOXX Alpha Architect 1-3 Month Box ETF	0.00%	0.00%	0.26%
WAGN Pabrai Wagons ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAGN and BOXX in my portfolio?

WAGN and BOXX have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WAGN or BOXX?

On fees, BOXX is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WAGN or BOXX?

BOXX is cheaper with a 0.19% expense ratio, compared with 0.90% for WAGN.

Which ETF pays a higher dividend yield, WAGN or BOXX?

WAGN and BOXX have nearly identical dividend yields, around 0.00%.

What is the main difference between WAGN and BOXX?

WAGN is categorized as Global Equities, while BOXX is Ultrashort Bond. They also come from different issuers: Pabrai and Alpha Architect. Their fees differ too: 0.90% for WAGN and 0.19% for BOXX.