Data as of Oct 28, 2026.

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BOXX vs EMXC: Differences, Returns & Fees

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BOXX is an actively managed short-term fund and EMXC an equity index fund, and over the year to Oct 28, 2026, EMXC returned +33.8% against +4.0%.

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Net assets on Oct 28, 2026: $14.5bn for Alpha Architect 1-3 Month Box ETF and $26.9bn for iShares MSCI Emerging Markets ex China ETF.

At a glance
+4.0%
BOXX total return, 1 year
+33.8%
EMXC total return, 1 year
0.19%
BOXX expense ratio
0.25%
EMXC expense ratio

Pair scorecard

BOXX costs 0.06 points a year less; their one-year returns differ by 29.8 points; EMXC is 1.9 times larger.

BOXX vs EMXC: Differences, Returns & Fees
MeasureBOXXEMXC
Return
Total return, 1 year+4.0%+33.8%
Drawdown
Below its high11.3%, high on Jun 22, 2026
Benchmark
What it tracksNo index, actively managedMSCI Emerging Markets ex China Index
Cost and size
Expense ratio0.19%0.25%
Net assets$14.5bn$26.9bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Holdings datedOct 27, 2026
Top ten holdings, share of the fund42.2%

Method

Risk and return

Jan 6, 2023 to Oct 23, 2026 · 198 weekly returns
BOXX EMXC
Return
Total return edge EMXC +18.9% +102.3%
Annualized edge EMXC +4.6% +20.3%
Price return edge EMXC +18.6% +86.5%
Risk
Volatility edge BOXX 0.2% 18.3%
Max drawdown edge BOXX −0.1% −16.0%
Risk-adjusted
Sharpe edge EMXC −0.25 0.85
Sortino edge EMXC −0.35 1.25
Calmar Not measured 1.27
Reading

EMXC returned more: +102.3% to +18.9%. BOXX swung less: 0.2% to 18.3%. BOXX fell less at its worst: −0.1% to −16.0%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BOXX vs EMXC: Differences, Returns & Fees
MeasureBOXXEMXCEdgeHow it is measured
Return
Total return+18.9%+102.3%EMXCPrice change plus distributions, reinvested.
Annualized+4.6%+20.3%EMXCTotal return as a yearly rate.
Price return+18.6%+86.5%EMXCPrice change alone, distributions left out.
Risk
Volatility0.2%18.3%BOXXSpread of weekly returns, annualized. Lower is steadier.
Downside deviation0.2%12.5%BOXXLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−0.1%−16.0%BOXXDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.250.85EMXCReturn above Treasury bills per unit of volatility.
Sortino−0.351.25EMXCReturn above Treasury bills per unit of downside deviation.
CalmarNot measured1.27Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 198 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

BOXX Alpha Architect 1-3 Month Box ETF EMXC iShares MSCI Emerging Markets ex China ETF
Where it sits Bond ETF Stock ETF
What it is Actively managed Tracks the MSCI Emerging Markets ex China
Total return, 1 year +4.0% +33.8%
Its benchmark over the same days not measured +37.0% (KEMX)
Gap to its benchmark not measured −3.2 pts vs KEMX
Expense ratio 0.19% 0.25%
Holdings not counted 696
Net assets $14.5bn $26.9bn

BOXX and EMXC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-6497FF1FF9

BOXX and EMXC do different jobs. What does each one do in a portfolio?

  1. What each follows. BOXX follows No index, actively managed and EMXC follows MSCI Emerging Markets ex China Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 BOXX returned +4.0% and EMXC +33.8% with distributions reinvested, a gap of 29.8 points.
  3. Cost (similar). BOXX charges 0.19% of assets a year and EMXC 0.25%, a gap of 0.06 points.

Data as of Oct 28, 2026.

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About each fund
BOXX

BOXX is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.0% with distributions reinvested. The prospectus expense ratio is 0.19% a year.

EMXC

EMXC tracks the MSCI Emerging Markets ex China. Over the year to Oct 28, 2026 it returned +33.8% with distributions reinvested, against +37.0% for its benchmark, the MSCI Emerging Markets ex China Index. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 696 positions, with the top ten at 42.2%. It sat 11.3% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BOXX or EMXC?
In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and EMXC +33.8%.
Which is cheaper, BOXX or EMXC?
BOXX is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BOXX against EMXC, data as of Oct 28, 2026. https://etfiq.com/compare/any/boxx-vs-emxc

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