Data as of Oct 28, 2026.

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BOXX vs RSP: Differences, Returns & Fees

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BOXX is an actively managed short-term fund and RSP an equity index fund, and over the year to Oct 28, 2026, RSP returned +16.0% against +4.0%.

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Net assets: $14.5bn on Oct 28, 2026 for Alpha Architect 1-3 Month Box ETF, and $99.8bn on Oct 27, 2026 for Invesco S&P 500 Equal Weight ETF.

At a glance
+4.0%
BOXX total return, 1 year
+16.0%
RSP total return, 1 year
0.19%
BOXX expense ratio
0.20%
RSP expense ratio

Pair scorecard

BOXX costs 0.01 points a year less; their one-year returns differ by 12.0 points; RSP is 6.9 times larger.

BOXX vs RSP: Differences, Returns & Fees
MeasureBOXXRSP
Return
Total return, 1 year+4.0%+16.0%
Benchmark
What it tracksNo index, actively managedS&P 500 Equal Weight Index
Cost and size
Expense ratio0.19%0.20%
Net assets, as of Oct 26, 2026$14.4bn$99.7bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund2.7%

Method

Risk and return

Jan 6, 2023 to Oct 23, 2026 · 198 weekly returns
BOXX RSP
Return
Total return edge RSP +18.9% +58.6%
Annualized edge RSP +4.6% +12.9%
Price return edge RSP +18.6% +49.1%
Risk
Volatility edge BOXX 0.2% 13.4%
Max drawdown edge BOXX −0.1% −15.5%
Risk-adjusted
Sharpe edge RSP −0.25 0.63
Sortino edge RSP −0.35 0.92
Calmar Not measured 0.83
Reading

RSP returned more: +58.6% to +18.9%. BOXX swung less: 0.2% to 13.4%. BOXX fell less at its worst: −0.1% to −15.5%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BOXX vs RSP: Differences, Returns & Fees
MeasureBOXXRSPEdgeHow it is measured
Return
Total return+18.9%+58.6%RSPPrice change plus distributions, reinvested.
Annualized+4.6%+12.9%RSPTotal return as a yearly rate.
Price return+18.6%+49.1%RSPPrice change alone, distributions left out.
Risk
Volatility0.2%13.4%BOXXSpread of weekly returns, annualized. Lower is steadier.
Downside deviation0.2%9.2%BOXXLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−0.1%−15.5%BOXXDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.250.63RSPReturn above Treasury bills per unit of volatility.
Sortino−0.350.92RSPReturn above Treasury bills per unit of downside deviation.
CalmarNot measured0.83Annualized 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 RSP Invesco S&P 500 Equal Weight ETF
Where it sits Bond ETF Stock ETF
What it is Actively managed Tracks the S&P 500 equal weight
Total return, 1 year +4.0% +16.0%
Its benchmark over the same days not measured +13.7% (IVV)
Gap to its benchmark not measured +2.3 pts vs IVV
Expense ratio 0.19% 0.20%
Holdings not counted 508
Net assets, BOXX as of Oct 28, 2026 and RSP as of Oct 27, 2026 $14.5bn $99.8bn

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

Client brief · page 1 of 2 Report BR-C17B565DB4

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

  1. What each follows. BOXX follows No index, actively managed and RSP follows S&P 500 Equal Weight Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 BOXX returned +4.0% and RSP +16.0% with distributions reinvested, a gap of 12.0 points.
  3. Size. BOXX has $14.4bn in net assets and RSP $99.7bn (net assets, as of Oct 26, 2026); RSP is 6.9 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.

RSP

RSP tracks the S&P 500 equal weight. Over the year to Oct 28, 2026 it returned +16.0% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 508 positions, with the top ten at 2.7%.

Questions people ask

Which returned more over the last year, BOXX or RSP?
In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and RSP +16.0%.
Which is cheaper, BOXX or RSP?
BOXX 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 RSP, data as of Oct 28, 2026. https://etfiq.com/compare/any/boxx-vs-rsp

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