Which returned more over the last year, BOXX or TBIL?

In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and TBIL +3.7%.

Which is cheaper, BOXX or TBIL?

TBIL 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.

Data as of Oct 28, 2026.

Across categories

BOXX vs TBIL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BOXX returned +4.0% to TBIL's +3.7%, and TBIL 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 $7.5bn on Oct 27, 2026 for F/m US Treasury 3 Month Bill Fund.

BOXX on its own →TBIL on its own →

At a glance

+4.0%

BOXX total return, 1 year

+3.7%

TBIL total return, 1 year

0.19%

BOXX expense ratio

0.15%

TBIL expense ratio

Pair scorecard

TBIL costs 0.04 points a year less; their one-year returns differ by 0.3 points.

BOXX vs TBIL: Differences, Returns & Fees
Measure	BOXX	TBIL
Return
Measure	BOXX	TBIL
Total return, 1 year	+4.0%	+3.7%
Benchmark
Measure	BOXX	TBIL
What it tracks	No index, actively managed	Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US)
Cost and size
Measure	BOXX	TBIL
Expense ratio	0.19%	0.15%
Net assets, BOXX as of Oct 28, 2026 and TBIL as of Oct 27, 2026	$14.5bn	$7.5bn
Holdings
Measure	BOXX	TBIL
Holdings in common	report dates differ

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

Risk and return

Jan 6, 2023 to Oct 23, 2026 · 198 weekly returns

BOXX TBIL

Return

Total return edge BOXX (slight) +18.9% +18.5%

Annualized edge Tie +4.6% +4.6%

Price return edge BOXX +18.6% +0.2%

Risk

Volatility edge TBIL 0.2% 0.2%

Max drawdown edge TBIL −0.1% 0.0%

Risk-adjusted

Sharpe edge BOXX −0.25 −0.87

Sortino edge BOXX −0.35 −1.13

Reading

BOXX returned slightly more: +18.9% to +18.5%. TBIL swung less: 0.2% to 0.2%. TBIL fell less at its worst: 0.0% to −0.1%.

Full scorecard

8 measures, with how each is measured Open ↓

Risk and return: BOXX vs TBIL: Differences, Returns & Fees
Measure	BOXX	TBIL	Edge	How it is measured
Return
Total return	+18.9%	+18.5%	BOXX (slight)	Price change plus distributions, reinvested.
Annualized	+4.6%	+4.6%	Tie	Total return as a yearly rate.
Price return	+18.6%	+0.2%	BOXX	Price change alone, distributions left out.
Risk
Volatility	0.2%	0.2%	TBIL	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.2%	0.1%	TBIL	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−0.1%	0.0%	TBIL	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.25	−0.87	BOXX	Return above Treasury bills per unit of volatility.
Sortino	−0.35	−1.13	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 Alpha Architect 1-3 Month Box ETF TBIL F/m US Treasury 3 Month Bill Fund

Where it sits Bond ETF Bond ETF

Issuer Alpha Architect F/m

What it is Actively managed Tracks an index

Total return, 1 year +4.0% +3.7%

Expense ratio 0.19% 0.15%

Holdings not counted 1

Net assets, BOXX as of Oct 28, 2026 and TBIL as of Oct 27, 2026 $14.5bn $7.5bn

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

Client brief · page 1 of 2 Report BR-C49BDCCC86

BOXX and TBIL 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 TBIL follows Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US).
One-year total return (similar). Over 1 year to Oct 28, 2026 BOXX returned +4.0% and TBIL +3.7% with distributions reinvested, a gap of 0.3 points.
Cost (similar). BOXX charges 0.19% of assets a year and TBIL 0.15%, a gap of 0.04 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.

TBIL

TBIL tracks an index. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, BOXX or TBIL?: In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and TBIL +3.7%.
Which is cheaper, BOXX or TBIL?: TBIL 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.

Other comparisons

BOXX vs TFLO BOXX vs GBIL BOXX vs FTSM BOXX vs ICSH TBIL vs TFLO FTSM vs TBIL TBIL vs VNLA FLRN vs TBIL

Where to next

BOXX on its own →TBIL on its own →Hold both: look the portfolio through →Rankings →BOXX dividend history →TBIL dividend history →TBIL holdings →Standards and sources →

Sources and dates

BOXX filings on SEC EDGAR ↗

BOXX prospectus with the expense ratio (SEC) ↗

Alpha Architect website ↗

TBIL filings on SEC EDGAR ↗

TBIL prospectus with the expense ratio (SEC) ↗

F/m page for TBIL ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, BOXX against TBIL, data as of Oct 28, 2026. https://etfiq.com/compare/any/boxx-vs-tbil

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