Data as of Oct 28, 2026.
BOXX vs SHV: Differences, Returns & Fees
Over the year to Oct 28, 2026, BOXX returned +4.0% to SHV's +3.6%, and SHV charges 0.15% to BOXX's 0.19%.
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Net assets: $14.5bn on Oct 28, 2026 for Alpha Architect 1-3 Month Box ETF, and $21.7bn on Oct 27, 2026 for iShares 0-1 Year Treasury Bond ETF.
Pair scorecard
SHV costs 0.04 points a year less; their one-year returns differ by 0.4 points; SHV is 1.5 times larger.
| Measure | BOXX | SHV |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.0% | +3.6% |
| Benchmark | ||
| What it tracks | No index, actively managed | ICE Short US Treasury Securities Index |
| Cost and size | ||
| Expense ratio | 0.19% | 0.15% |
| Net assets, as of Oct 26, 2026 | $14.4bn | $22.2bn |
| Holdings | ||
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Jan 6, 2023 to Oct 23, 2026 · 198 weekly returnsBOXX returned slightly more: +18.9% to +18.3%. SHV swung less: 0.2% to 0.2%. SHV fell less at its worst: 0.0% to −0.1%.
Full scorecard
8 measures, with how each is measured Open ↓
| Measure | BOXX | SHV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +18.9% | +18.3% | BOXX (slight) | Price change plus distributions, reinvested. |
| Annualized | +4.6% | +4.5% | BOXX (slight) | Total return as a yearly rate. |
| Price return | +18.6% | +0.3% | BOXX | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.2% | 0.2% | SHV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.2% | 0.1% | SHV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −0.1% | 0.0% | SHV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.25 | −1.14 | BOXX | Return above Treasury bills per unit of volatility. |
| Sortino | −0.35 | −1.57 | BOXX | Return above Treasury bills per unit of downside deviation. |
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 and SHV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BOXX and SHV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. BOXX follows No index, actively managed and SHV follows ICE Short US Treasury Securities Index.
- One-year total return (similar). Over 1 year to Oct 28, 2026 BOXX returned +4.0% and SHV +3.6% with distributions reinvested, a gap of 0.4 points.
- Cost (similar). BOXX charges 0.19% of assets a year and SHV 0.15%, a gap of 0.04 points.
Data as of Oct 28, 2026.
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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.
SHV
SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, BOXX or SHV?
- In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and SHV +3.6%.
- Which is cheaper, BOXX or SHV?
- SHV is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BOXX against SHV, data as of Oct 28, 2026. https://etfiq.com/compare/any/boxx-vs-shv
ETFIQ. (Oct 28, 2026). BOXX against SHV. Retrieved from https://etfiq.com/compare/any/boxx-vs-shv
[BOXX against SHV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/boxx-vs-shv)
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