BOXXAlpha Architect 1-3 Month Box ETF
Seeks to provide investment results that equal or exceed the price and yield performance of the 1-3 month sector of the U.S. Treasury Bill market.
By Alpha Architect · Launched 2022
0.19%
#838 of 5,854 · low cost
$12.7B
#229 of 5,854 · large
0.00%
3 years
#2,822 of 5,854 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 100.7% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide investment results that equal or exceed the price and yield performance of the 1-3 month sector of the U.S. Treasury Bill market.
- Strategy
- Actively manages a series of Box Spreads using long and short exchange-listed options to achieve returns that equal or exceed the price and yield performance of the 1-3 month U.S. Treasury Bill market. The strategy involves high portfolio turnover and may include cash and cash equivalents.
- Inception date
- December 27, 2022
- Fund family
- Alpha Architect
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
What's next?
You've looked at BOXX. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.
Data updated on 2026-08-03