Data as of Oct 28, 2026.

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BOXX vs VOO: Differences, Returns & Fees

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BOXX is an actively managed short-term fund and VOO an equity index fund, and over the year to Oct 28, 2026, VOO returned +13.7% against +4.0%.

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Net assets: $14.5bn on Oct 28, 2026 for Alpha Architect 1-3 Month Box ETF, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.

At a glance
+4.0%
BOXX total return, 1 year
+13.7%
VOO total return, 1 year
0.19%
BOXX expense ratio
0.03%
VOO expense ratio

Pair scorecard

VOO costs 0.16 points a year less; their one-year returns differ by 9.7 points.

BOXX vs VOO: Differences, Returns & Fees
MeasureBOXXVOO
Return
Total return, 1 year+4.0%+13.7%
Benchmark
What it tracksNo index, actively managedS&P 500 Index
Cost and size
Expense ratio0.19%0.03%
Net assets, BOXX as of Oct 28, 2026 and VOO as of Sep 30, 2026$14.5bn$1.0tn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund39.1%

Method

Risk and return

Jan 6, 2023 to Oct 23, 2026 · 198 weekly returns
BOXX VOO
Return
Total return edge VOO +18.9% +105.9%
Annualized edge VOO +4.6% +20.9%
Price return edge VOO +18.6% +95.9%
Risk
Volatility edge BOXX 0.2% 13.9%
Max drawdown edge BOXX −0.1% −16.7%
Risk-adjusted
Sharpe edge VOO −0.25 1.11
Sortino edge VOO −0.35 1.71
Calmar Not measured 1.25
Reading

VOO returned more: +105.9% to +18.9%. BOXX swung less: 0.2% to 13.9%. BOXX fell less at its worst: −0.1% to −16.7%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BOXX vs VOO: Differences, Returns & Fees
MeasureBOXXVOOEdgeHow it is measured
Return
Total return+18.9%+105.9%VOOPrice change plus distributions, reinvested.
Annualized+4.6%+20.9%VOOTotal return as a yearly rate.
Price return+18.6%+95.9%VOOPrice change alone, distributions left out.
Risk
Volatility0.2%13.9%BOXXSpread of weekly returns, annualized. Lower is steadier.
Downside deviation0.2%9.0%BOXXLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−0.1%−16.7%BOXXDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.251.11VOOReturn above Treasury bills per unit of volatility.
Sortino−0.351.71VOOReturn above Treasury bills per unit of downside deviation.
CalmarNot measured1.25Annualized 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 VOO Vanguard S&P 500 ETF
Where it sits Bond ETF Stock ETF
What it is Actively managed Tracks the S&P 500
Total return, 1 year +4.0% +13.7%
Its benchmark over the same days not measured +13.7% (IVV)
Gap to its benchmark not measured 0.0 pts vs IVV
Expense ratio 0.19% 0.03%
Holdings not counted 507
Net assets, BOXX as of Oct 28, 2026 and VOO as of Sep 30, 2026 $14.5bn $1.0tn

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

Client brief · page 1 of 2 Report BR-75E16F0BED

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

  1. What each follows. BOXX follows No index, actively managed and VOO follows S&P 500 Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 BOXX returned +4.0% and VOO +13.7% with distributions reinvested, a gap of 9.7 points.
  3. Cost. BOXX charges 0.19% of assets a year and VOO 0.03%, a gap of 0.16 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.

VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

Questions people ask

Which returned more over the last year, BOXX or VOO?
In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and VOO +13.7%.
Which is cheaper, BOXX or VOO?
VOO is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BOXX against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/boxx-vs-voo

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