(BOXX) Alpha Architect 1-3 Month - Overview
Etf: Box Spreads, Exchange-Listed Options, Short-Term, Tax-Efficient
| Risk 5d forecast | |
|---|---|
| Volatility | 0.51% |
| Relative Tail Risk | -4.09% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.40 |
| Alpha | 0.21 |
| Character TTM | |
|---|---|
| Beta | 0.002 |
| Beta Downside | 0.000 |
| Drawdowns 3y | |
|---|---|
| Max DD | 0.12% |
| CAGR/Max DD | 42.24 |
Description: BOXX Alpha Architect 1-3 Month January 07, 2026
BOXX (BATS:BOXX) is an ultra-short-bond ETF that, under normal market conditions, allocates at least 80 % of its assets to box spreads-an exchange-listed options structure that replicates a synthetic loan. The fund’s mandate requires the weighted-average maturity of these spreads to stay under 90 days, effectively positioning the ETF as a short-term, low-duration exposure to the risk-free rate curve.
Key market metrics that influence BOXX’s performance include: (1) the prevailing short-term Treasury yield (currently around 4.8 % for the 3-month note), which serves as a benchmark for the synthetic return of box spreads; (2) the ETF’s expense ratio, which Alpha Architect lists at 0.20 % annually, a material drag given the modest yield; and (3) the fund’s sensitivity to Federal Reserve policy, as rate hikes compress the spread between the synthetic loan rate and cash equivalents, potentially narrowing the net return.
For a deeper quantitative breakdown, you might explore ValueRay’s toolkit to see how BOXX’s risk-adjusted returns compare across similar ultra-short-duration products.
What is the price of BOXX shares?
Over the past week, the price has changed by +0.11%, over one month by +0.36%, over three months by +1.14% and over the past year by +4.30%.
Is BOXX a buy, sell or hold?
What are the forecasts/targets for the BOXX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 119.4 | 3.3% |
BOXX Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 9.84b USD (9.84b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 9.84b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 9.84b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 5.92% (E(9.84b)/V(9.84b) * Re(5.92%) + (debt-free company))
Discount Rate = 5.92% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)