Data as of Oct 28, 2026.

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BOXX vs QQQ: Differences, Returns & Fees

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BOXX is an actively managed short-term fund and QQQ an equity index fund, and over the year to Oct 28, 2026, QQQ returned +15.2% against +4.0%.

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Net assets: $14.5bn on Oct 28, 2026 for Alpha Architect 1-3 Month Box ETF, and $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1.

At a glance
+4.0%
BOXX total return, 1 year
+15.2%
QQQ total return, 1 year
0.19%
BOXX expense ratio
0.18%
QQQ expense ratio

Pair scorecard

QQQ costs 0.01 points a year less; their one-year returns differ by 11.2 points; QQQ is far larger, $476.7bn against $14.4bn.

BOXX vs QQQ: Differences, Returns & Fees
MeasureBOXXQQQ
Return
Total return, 1 year+4.0%+15.2%
Drawdown
Below its high4.5%, high on Oct 6, 2026
Benchmark
What it tracksNo index, actively managedNasdaq-100 Index
Cost and size
Expense ratio0.19%0.18%
Net assets, as of Oct 26, 2026$14.4bn$476.7bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight96%
Top ten holdings, share of the fund46.7%

Method

Risk and return

Jan 6, 2023 to Oct 23, 2026 · 198 weekly returns
BOXX QQQ
Return
Total return edge QQQ +18.9% +167.7%
Annualized edge QQQ +4.6% +29.5%
Price return edge QQQ +18.6% +162.1%
Risk
Volatility edge BOXX 0.2% 19.2%
Max drawdown edge BOXX −0.1% −21.3%
Risk-adjusted
Sharpe edge QQQ −0.25 1.20
Sortino edge QQQ −0.35 1.93
Calmar Not measured 1.38
Reading

QQQ returned more: +167.7% to +18.9%. BOXX swung less: 0.2% to 19.2%. BOXX fell less at its worst: −0.1% to −21.3%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BOXX vs QQQ: Differences, Returns & Fees
MeasureBOXXQQQEdgeHow it is measured
Return
Total return+18.9%+167.7%QQQPrice change plus distributions, reinvested.
Annualized+4.6%+29.5%QQQTotal return as a yearly rate.
Price return+18.6%+162.1%QQQPrice change alone, distributions left out.
Risk
Volatility0.2%19.2%BOXXSpread of weekly returns, annualized. Lower is steadier.
Downside deviation0.2%12.0%BOXXLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−0.1%−21.3%BOXXDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.251.20QQQReturn above Treasury bills per unit of volatility.
Sortino−0.351.93QQQReturn above Treasury bills per unit of downside deviation.
CalmarNot measured1.38Annualized 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 QQQ Invesco QQQ Trust, Series 1
Where it sits Bond ETF Stock ETF
What it is Actively managed Tracks the Nasdaq-100
Total return, 1 year +4.0% +15.2%
Its benchmark over the same days not measured +15.2% (QQQM)
Gap to its benchmark not measured 0.0 pts vs QQQM
Expense ratio 0.19% 0.18%
Holdings not counted 103
Net assets, BOXX as of Oct 28, 2026 and QQQ as of Oct 27, 2026 $14.5bn $483.0bn

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

Client brief · page 1 of 2 Report BR-73BF28B036

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

  1. What each follows. BOXX follows No index, actively managed and QQQ follows Nasdaq-100 Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 BOXX returned +4.0% and QQQ +15.2% with distributions reinvested, a gap of 11.2 points.
  3. Size. BOXX has $14.4bn in net assets and QQQ $476.7bn (net assets, as of Oct 26, 2026); QQQ is 33.1 times larger.

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.

QQQ

QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BOXX or QQQ?
In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and QQQ +15.2%.
Which is cheaper, BOXX or QQQ?
QQQ is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BOXX against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/boxx-vs-qqq

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