BOXA vs IVV
Alpha Architect Aggregate Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BOXA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.23% | 0.03% | |
| AUM | $15M | $865.2B | |
| Dividend Yield | 0.13% | 1.09% | |
| Holdings | 8 | 508 | |
| YTD Return | -0.21% | +13.80% | |
| 1Y Return | +1.41% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 3.2% | 15.1% | |
| Max Drawdown | -3.2% | -56.5% | |
| Fund Family | Alpha Architect | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 17, 2024 | May 15, 2000 |
BOXA vs IVV Performance
Alpha Architect Aggregate Bond ETF (BOXA) is a ETF from Alpha Architect and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BOXA returned +1.41% while IVV returned +23.70%. Year to date, BOXA is down 0.21% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.2% for BOXA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -3.2% for BOXA and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BOXA charges 0.23% per year while IVV charges 0.03%. On a $10,000 position that is $23 vs $3 annually, a gap of $20 per year that compounds over a long holding period. On income, BOXA currently yields 0.13% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, BOXA or IVV?
BOXA has an expense ratio of 0.23% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, BOXA or IVV?
Over the past year BOXA returned +1.41% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), BOXA annualized +3.08% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, BOXA or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.2% for BOXA. Worst drawdown: BOXA -3.2% vs IVV -56.5%.
Should I hold both BOXA and IVV?
BOXA and IVV have a monthly-return correlation of 0.11, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BOXA or IVV?
BOXA yields 0.13% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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