Data as of Oct 28, 2026.

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BOXX vs RAVI: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BOXX returned +4.0% to RAVI's +3.7%, and BOXX charges 0.19% to RAVI's 0.25%.

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Net assets: $14.5bn on Oct 28, 2026 for Alpha Architect 1-3 Month Box ETF, and $1.5bn on Jul 31, 2026 for Northern Trust Ultra-Short Fixed Income ETF.

At a glance
+4.0%
BOXX total return, 1 year
+3.7%
RAVI total return, 1 year
0.19%
BOXX expense ratio
0.25%
RAVI expense ratio

Pair scorecard

BOXX costs 0.06 points a year less; their one-year returns differ by 0.3 points.

BOXX vs RAVI: Differences, Returns & Fees
MeasureBOXXRAVI
Return
Total return, 1 year+4.0%+3.7%
Benchmark
What it tracksNo index, actively managedNo index, actively managed
Cost and size
Expense ratio0.19%0.25%
Net assets, BOXX as of Oct 28, 2026 and RAVI as of Jul 31, 2026$14.5bn$1.5bn
Holdings
Holdings in commonreport dates differ

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Jan 6, 2023 to Oct 23, 2026 · 198 weekly returns
BOXX RAVI
Return
Total return edge RAVI (slight) +18.9% +20.3%
Annualized edge RAVI (slight) +4.6% +5.0%
Price return edge BOXX +18.6% +0.9%
Risk
Volatility edge BOXX 0.2% 0.4%
Max drawdown edge BOXX −0.1% −0.2%
Risk-adjusted
Sharpe edge RAVI −0.25 0.60
Sortino edge RAVI −0.35 0.82
Calmar Not measured 23.33
Reading

RAVI returned slightly more: +20.3% to +18.9%. BOXX swung less: 0.2% to 0.4%. BOXX fell less at its worst: −0.1% to −0.2%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BOXX vs RAVI: Differences, Returns & Fees
MeasureBOXXRAVIEdgeHow it is measured
Return
Total return+18.9%+20.3%RAVI (slight)Price change plus distributions, reinvested.
Annualized+4.6%+5.0%RAVI (slight)Total return as a yearly rate.
Price return+18.6%+0.9%BOXXPrice change alone, distributions left out.
Risk
Volatility0.2%0.4%BOXXSpread of weekly returns, annualized. Lower is steadier.
Downside deviation0.2%0.3%BOXXLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−0.1%−0.2%BOXXDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.250.60RAVIReturn above Treasury bills per unit of volatility.
Sortino−0.350.82RAVIReturn above Treasury bills per unit of downside deviation.
CalmarNot measured23.33Annualized 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 RAVI Northern Trust Ultra-Short Fixed Income ETF
Where it sits Bond ETF Bond ETF
What it is Actively managed Actively managed
Total return, 1 year +4.0% +3.7%
Expense ratio 0.19% 0.25%
Holdings not counted 244
Net assets, BOXX as of Oct 28, 2026 and RAVI as of Jul 31, 2026 $14.5bn $1.5bn

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

Client brief · page 1 of 2 Report BR-3ECC9024AF

BOXX and RAVI are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows (similar). Both follow No index, actively managed.
  2. One-year total return (similar). Over 1 year to Oct 28, 2026 BOXX returned +4.0% and RAVI +3.7% with distributions reinvested, a gap of 0.3 points.
  3. Cost (similar). BOXX charges 0.19% of assets a year and RAVI 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.

RAVI

RAVI is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.25% a year.

Questions people ask

Which returned more over the last year, BOXX or RAVI?
In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and RAVI +3.7%.
Which is cheaper, BOXX or RAVI?
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 RAVI, data as of Oct 28, 2026. https://etfiq.com/compare/any/boxx-vs-ravi

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.