BOXX ETF — Alpha Architect BOXX ETF

Alpha Architect BOXX ETF (BOXX)

BOXX is a low-cost ETF that tracks the U.S. Treasury Bills (1-3 Month). As of August 21, 2026, its expense ratio is 0.19%. Fund total return is 18.2% over the past 3.6 years, 94.4 points behind SPY at 112.6%.

Alpha Architect BOXX ETF is a fixed-income fund that seeks to replicate the performance of short-term U.S. Treasury Bills through an options strategy called box spreads, targeting securities with less than 90 days to maturity. The fund does not currently distribute income to shareholders and carries an expense ratio of 0.19%. It may appeal to investors seeking low-cost exposure to very short-term Treasury securities as part of a broader fixed-income allocation.

BOXX performance versus SPY

Data as of August 21, 2026.

Fund total return is 18.2% over the past 3.6 years, 94.4 points behind SPY at 112.6%. Its deepest 1-year drawdown was 0.1%.

BOXX key facts

Data as of August 21, 2026.

Issuer

Alpha Architect

Asset type

ETF

Asset class

Fixed Income

Inception date

12/27/2022

Expense ratio

0.19%

Distribution frequency

Semi-Annual

Last close

$117.96

AUM

$13,769,042,413

Average volume

4818300.0

Ex-dividend date

08/13/2024

Payment date

08/14/2024

Beta

0.0009

P/E ratio

25.2763

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 21, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 21, 2026.

Primary sources: Alpha Architect fund page; Index: U.S. Treasury Bills (1-3 Month); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BOXX risks and drawbacks

Payments are semi-annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 0.1%.

Who may consider BOXX — and who may not

BOXX may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (BOXX pays semi-annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Compare BOXX

BOXX vs similar funds:

• BOXX vs SGOV

Frequently asked questions

More funds from Alpha Architect.