Alpha Architect 1-3 Month Box ETF
$118.56+0.01 (+0.01%)
- 0.24%
- $14.4B
- +4.0%
- 0.00%
- 3.1M sh
- $118.54
- low $113.98high $118.63
The ETF.net BOXX Grade
B
Score 68 out of 100
- 5 of 15
Score 68 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D29 out of 100Rank 11 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A82 out of 100Rank 1 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A100 out of 100Rank 1 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C46 out of 100Rank 13 of 15Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 6 of 15
Our read on BOXX
BA Treasury-bill stand-in built from options rather than bills. BOXX aims to match or exceed the 1-3 month T-bill market before expenses, and it has drawn billions of dollars taking the scenic route to a plain destination.
The fund seeks to match or exceed, before expenses, the price and yield performance of the 1–3 month segment of the U.S. Treasury bill market.
Why people hold it
- The mandate is plain: match or exceed, before expenses, the price and yield performance of the 1-3 month segment of the US Treasury bill market.alphaarchitect.com
- It has stuck to that stated target about as closely as anything in its short-Treasury peer group.
- A multi-billion-dollar fund that trades actively, unusual for a structure this novel that only launched in 2022.
- Return rides in the share price instead of a payout: the fund has not been making distributions.
Worth knowing
- 0.24% a year, above the 0.15% cohort median and roughly eight times the 0.03% charged by the plain bill-and-note funds VGSH, SCHO and SPTS.
- It chases a rate rather than owning an index of bonds, so the holdings look nothing like a conventional Treasury ladder.alphaarchitect.com
- Opened at the end of 2022, a short history next to short-Treasury peers that have run through several rate cycles.
BOXX Holdings
- Bonds
- 3
- 103%
- Spy 12/18/2026 10010.01 P
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
BOXX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
BOXX$10,400
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BOXX |
|---|---|
| Year to date | +3.0% |
| 1 month | +0.3% |
| 3 months | +1.0% |
| 1 year | +4.0% |
| 3 years | +4.6% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BOXX |
|---|---|---|
| 2026 YTD | +3.0% | |
| 2025 | +4.4% | |
| 2024 | +5.2% | |
| 2023 | +5.0% | |
| 2022 | +0.1% |
BOXX in the news
BOXX Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
BOXX Risk
- 0.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.10
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.002
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BOXX Cost
0.24%
BOXX0.24%
- The middle half of Treasuries (1-3 Year) funds
- Median 0.15%
10 of the 15 Treasuries (1-3 Year) funds charge less.
Other funds in Treasuries (1-3 Year)
- ASPTSState Street SPDR Portfolio Short Term Treasury ETFExpense ratio 0.03%1 year return +1.5%
- ABBSBJPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETFExpense ratio 0.04%1 year return +1.5%
- BXTWOBondBloxx Bloomberg Two Year Target Duration US Treasury ETFExpense ratio 0.05%1 year return +1.4%
- BSHYiShares 1-3 Year Treasury Bond ETFExpense ratio 0.15%1 year return +1.4%
- BSLDRGlobal X - Short-Term Treasury Ladder ETFExpense ratio 0.12%1 year return +1.7%