BOXABL (BXBL)


Market Price (9/5/2026): $4.43 | Market Cap: $13.3 BilSector: Consumer Discretionary | Industry: Homebuilding

BOXABL (BXBL)


Market Price (9/5/2026): $4.43
Market Cap: $13.3 Bil
Sector: Consumer Discretionary
Industry: Homebuilding

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Megatrend and thematic drivers
Megatrends include Future of Housing & Construction. Themes include Modular & Prefabricated Housing, Affordable Housing Solutions, and Sustainable Building Practices.

Weak multi-year price returns
2Y Excs Rtn is -92%, 3Y Excs Rtn is -127%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1092%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -855%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -864%

High stock price volatility
Vol 12M is 137%

Key risks
BXBL key risks include [1] its failure to complete an initial business combination as a blank check company and [2] having no identified business target or industry.

0 Megatrend and thematic drivers
Megatrends include Future of Housing & Construction. Themes include Modular & Prefabricated Housing, Affordable Housing Solutions, and Sustainable Building Practices.
1 Weak multi-year price returns
2Y Excs Rtn is -92%, 3Y Excs Rtn is -127%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1092%
3 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -855%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -864%
4 High stock price volatility
Vol 12M is 137%
5 Key risks
BXBL key risks include [1] its failure to complete an initial business combination as a blank check company and [2] having no identified business target or industry.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/1/2026

BOXABL (BXBL) stock has lost about 55% since it went public on 7/20/2026 because of the following key factors:

1. Significant Overvaluation Post-SPAC Merger.

BOXABL's stock experienced a sharp decline following its public listing on July 20, 2026, via a SPAC merger with an implied valuation of $3.5 billion, based on a deemed value of $10.00 per share. The stock quickly fell from a 52-week high of $15.14 (reached prior to the IPO) to an all-time low of $3.18 by July 27, 2026, indicating that the initial market valuation was unsustainable and significantly overvalued the company. As of September 1, 2026, the company's Price-to-Sales ratio stood at an extraordinary 553.57x, suggesting that investors had priced in aggressive future growth expectations despite the company's unprofitability.

2. Weak Financial Performance and Continued Unprofitability.

The company reported a substantial net loss of $13.85 million for its fiscal Q2 2026, which ended on June 30, 2026. This contrasted sharply with a net income of $0.58 million in the prior year and was primarily attributed to non-cash fair value charges from its Forward Purchase Agreement post-SPAC business combination and higher transaction-related general and administrative expenses. BOXABL remains unprofitable with a trailing twelve-month (TTM) Earnings Per Share (EPS) of -$0.05, a negative Return on Equity of -88.43%, and a net margin of -1,064.43%, reflecting ongoing operational challenges in achieving profitability.

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Updated on 9/1/2026

BOXABL (BXBL) stock has lost about 55% since it went public on 7/20/2026 because of the following key factors:

1. Significant Overvaluation Post-SPAC Merger.

BOXABL's stock experienced a sharp decline following its public listing on July 20, 2026, via a SPAC merger with an implied valuation of $3.5 billion, based on a deemed value of $10.00 per share. The stock quickly fell from a 52-week high of $15.14 (reached prior to the IPO) to an all-time low of $3.18 by July 27, 2026, indicating that the initial market valuation was unsustainable and significantly overvalued the company. As of September 1, 2026, the company's Price-to-Sales ratio stood at an extraordinary 553.57x, suggesting that investors had priced in aggressive future growth expectations despite the company's unprofitability.

2. Weak Financial Performance and Continued Unprofitability.

The company reported a substantial net loss of $13.85 million for its fiscal Q2 2026, which ended on June 30, 2026. This contrasted sharply with a net income of $0.58 million in the prior year and was primarily attributed to non-cash fair value charges from its Forward Purchase Agreement post-SPAC business combination and higher transaction-related general and administrative expenses. BOXABL remains unprofitable with a trailing twelve-month (TTM) Earnings Per Share (EPS) of -$0.05, a negative Return on Equity of -88.43%, and a net margin of -1,064.43%, reflecting ongoing operational challenges in achieving profitability.

3. Broader Macroeconomic Headwinds in the Housing Sector.

BOXABL's stock decline occurred amidst a challenging macroeconomic environment for the broader residential construction sector. Key factors include elevated mortgage rates, which were above 6.5%, and rising long-term Treasury yields, both of which exerted pressure on housing-related equities. Furthermore, the industry faced concerns over soft consumer demand and affordability, evidenced by a 13.5% year-over-year decrease in housing starts and sustained negative homebuilder sentiment. High material costs and persistent supply chain complications also contributed to a difficult market for construction companies.

4. Institutional Investor Exits and Potential Share Dilution.

Following the IPO, BOXABL experienced significant exits from several institutional investors. Notably, AQR, Highbridge Capital, and CVI Investments/Heights Capital reduced their stakes to zero. Additionally, an SEC notice of effectiveness dated August 10, 2026, related to a registration filing, introduced concerns about potential dilution or share resale for the small-cap issuer, further impacting investor confidence and contributing to selling pressure on the stock.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

5/31/2026 to 9/4/2026
ReturnCorrelation
BXBL  
Market (SPY)1.8%-4.2%
Sector (XLY)-4.9%16.2%

Fundamental Drivers

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Market Drivers

2/28/2026 to 9/4/2026
ReturnCorrelation
BXBL  
Market (SPY)12.6%-4.2%
Sector (XLY)-1.5%16.2%

Fundamental Drivers

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Market Drivers

8/31/2025 to 9/4/2026
ReturnCorrelation
BXBL  
Market (SPY)20.4%-4.2%
Sector (XLY)-0.3%16.2%

Fundamental Drivers

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Market Drivers

8/31/2023 to 9/4/2026
ReturnCorrelation
BXBL  
Market (SPY)77.1%-4.2%
Sector (XLY)37.7%16.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BXBL Return------55%-55%
Peers Return85%-26%54%6%-2%5%129%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
BXBL Win Rate-----33% 
Peers Win Rate77%38%58%52%42%60% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
BXBL Max Drawdown------ 
Peers Max Drawdown-18%-46%-25%-25%-31%-28% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SKY, CVCO, LEGH, DHI, LEN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/4/2026 (YTD)

How Low Can It Go

BXBL has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

EventXLYS&P 500
2025 US Tariff Shock
  % Loss-21.8%-18.8%
  % Gain to Breakeven27.9%23.1%
  Time to Breakeven105 days79 days
2024 Yen Carry Trade Unwind
  % Loss-11.2%-7.8%
  % Gain to Breakeven12.6%8.5%
  Time to Breakeven37 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-13.6%-9.5%
  % Gain to Breakeven15.8%10.5%
  Time to Breakeven42 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-35.9%-24.5%
  % Gain to Breakeven56.0%32.4%
  Time to Breakeven874 days427 days
2020 COVID-19 Crash
  % Loss-33.9%-33.7%
  % Gain to Breakeven51.3%50.9%
  Time to Breakeven82 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.6%-19.2%
  % Gain to Breakeven24.4%23.8%
  Time to Breakeven98 days105 days

Compare to SKY, CVCO, LEGH, DHI, LEN

In The Past

State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

BXBL has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

EventXLYS&P 500
2025 US Tariff Shock
  % Loss-21.8%-18.8%
  % Gain to Breakeven27.9%23.1%
  Time to Breakeven105 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-35.9%-24.5%
  % Gain to Breakeven56.0%32.4%
  Time to Breakeven874 days427 days
2020 COVID-19 Crash
  % Loss-33.9%-33.7%
  % Gain to Breakeven51.3%50.9%
  Time to Breakeven82 days140 days
2008-2009 Global Financial Crisis
  % Loss-51.0%-53.4%
  % Gain to Breakeven104.3%114.4%
  Time to Breakeven372 days1085 days

Compare to SKY, CVCO, LEGH, DHI, LEN

In The Past

State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About BOXABL (BXBL)

BOXABL (BXBL) is a newly organized blank check company, also known as a Special Purpose Acquisition Company (SPAC). Its core business is to identify and complete a business combination, such as a merger, capital stock exchange, or asset acquisition, with one or more private operating businesses. The ultimate goal is to take a private company public through this process, focusing on opportunities for attractive risk-adjusted investor returns driven by the dynamics of a public listing.

The company does not offer traditional products or services itself, but rather its primary function is the strategic acquisition of an existing private business. BOXABL intends to concentrate its search efforts on identifying businesses within the financial services industry in North America. However, it maintains the flexibility to pursue quality acquisition targets in other industries if compelling opportunities arise.

BOXABL's value proposition to a target company includes leveraging its management team's experience, support infrastructure, and differentiated global network. By combining with BOXABL, a private business can benefit from becoming a publicly listed entity, capitalizing on the resources and expertise provided by BOXABL's team to foster growth and enhance investor value.

AI Analysis | Feedback

Here are a few analogies to describe the company (as described in the BACKGROUND section):

  1. It's like a publicly traded private equity fund, but its only purpose is to find and acquire a single private company to take public.
  2. Think of it as a 'blank check' company on the stock market; investors buy shares, trusting the management to find and acquire a promising private business to bring public.

AI Analysis | Feedback

  • Execution of a Business Combination: BOXABL is a blank check company (SPAC) whose primary function is to identify and complete a merger, acquisition, or similar business combination with one or more private businesses, thereby taking them public.

AI Analysis | Feedback

Based on the provided description, BOXABL (symbol: BXBL) is a newly organized blank check company (a SPAC) that has not yet completed an initial business combination. Its purpose is to acquire an existing business. As such, it does not currently have an operating business that sells products or services to major customers, either companies or individuals. Therefore, it does not have any major customers to identify at this stage.

AI Analysis | Feedback

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Paolo Tiramani Co-CEO

Paolo Tiramani co-founded BOXABL in 2017 alongside his son Galiano Tiramani and engineer Kyle Denman. As Co-CEO and majority shareholder, he guides the company's strategic direction. An industrial designer and mechanical engineer, Paolo Tiramani holds dozens of U.S. and European patents and has an extensive prior intellectual property portfolio with over 150 filings in construction and industrial design. BOXABL integrated his prior IP portfolio through the 2023 acquisition of 500 Group Inc., which brought in more than 60 additional patents. He is recognized for co-inventing BOXABL's core folding mechanisms. Paolo Tiramani has also been described as a billionaire industrial designer with strong views on technology and the future.

Galiano Tiramani Co-CEO

Galiano Tiramani is a co-founder of Boxabl, which he established in 2017 with his father, Paolo Tiramani, and Kyle Denman. He is also referred to as the Founder & CEO of Boxabl. A serial entrepreneur, Galiano has founded several successful startups and has been involved in various ventures, including solar energy and electric vehicles. He holds a bachelor's degree in business. Galiano Tiramani is known for his effective marketing efforts for Boxabl, utilizing social media to attract significant attention to the company.

Martin Noe Costas Chief Financial Officer

Martin Noe Costas joined Boxabl as Chief Financial Officer in October 2023. He is an accomplished, business-savvy, and strategic operational leader with over 25 years of global corporate and operational experience. Martin began his career in public accounting with PwC, where he contributed to more than 100 audits, consulting, and advising engagements. He brings deep CFO experience, having led finance functions at companies such as Honeywell, Schlumberger, and Sysco. Throughout his career, Martin Noe Costas has successfully managed complex IPO and M&A processes.

Jam Chen Co-Founder

Jam Chen is listed as a Co-Founder of Boxabl.

AI Analysis | Feedback

Key Risks for BOXABL (BXBL):

  1. Failure to Complete an Initial Business Combination: As a newly organized blank check company, BOXABL's primary purpose is to effect a merger, acquisition, or similar business combination with one or more businesses. If BOXABL fails to identify and successfully complete a suitable initial business combination within the required timeframe, the company would likely liquidate, and public stockholders might only receive a return of their initial investment, potentially without any significant upside.
  2. Uncertainty Regarding the Target Business and Industry: BOXABL has not yet selected any specific business combination target and has not engaged in substantive discussions with any potential target. This means investors are currently investing in a company without an identified operating business or an established business model. While BOXABL intends to prioritize businesses in the financial services industry in North America, the eventual business combination could be in various industries, making it challenging for investors to assess the long-term prospects, inherent risks, and potential performance of the combined entity.

AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for BOXABL (symbol: BXBL) over the next 2-3 years:

  1. Scaling Manufacturing and Increasing Production Volume: BOXABL, having recently gone public, aims to leverage increased access to capital to expand its manufacturing capacity. This will enable higher production volumes of its existing modular housing units, such as the Casita and Baby Box, to meet growing demand. The company's strategy is to disrupt traditional housing construction by delivering affordable, high-quality homes at an accelerated pace, which relies heavily on scaling its factory output.
  2. Expansion of Product Offerings into Larger Residential Structures: Beyond its current studio and tiny home units, BOXABL is actively developing stackable and connectable box models. These new products are designed to form larger residential structures like townhomes, multifamily units, and larger single-family homes. Introducing these expanded product lines will significantly broaden BOXABL's addressable market and cater to a wider range of housing needs.
  3. Capitalizing on the Demand for Affordable and Efficient Housing Solutions: The current market environment is characterized by a persistent housing crisis, tight inventory, and elevated mortgage rates. BOXABL's value proposition of delivering affordable, high-quality homes at unprecedented speed positions it to capture market share from traditional construction methods. The company's mission to solve housing challenges for individuals and communities aligns with this market demand.
  4. Growth in Customer Base and Distribution Channels: BOXABL primarily markets its modular units as accessory dwelling units (ADUs). A key driver will be expanding its customer base beyond individual homeowners to include a wider array of buyers such as builders, land developers, and build-to-rent operators. Broadening these distribution channels will be essential for increasing sales and market penetration.

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Peer Outperformance in Homebuilding

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Share of Homebuilding constituents that BXBL has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
insufficient peer history
3Y
insufficient peer history
5Y
insufficient peer history
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Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Homebuilding is BXBL's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Education Services 14 -15.8%96.8%67.7% LINC 310% · CVSA 245% · PRDO 227%
Homebuilding ← 18 -9.7%22.2%39.7% GRBK 188% · PHM 144% · TOL 134%
Automotive Retail 18 -16.2%16.7%17.3% MUSA 233% · PAG 183% · ORLY 125%
Hotels, Resorts & Cruise Lines 22 13.3%53.0%11.0% RCL 243% · MAR 164% · HLT 156%
Home Improvement Retail 5 -21.1%-5.8%9.4% HVT 12% · HD 10% · LOW 9%
Specialty Stores 7 -4.4%33.4%6.8% FIVE 30% · DKS 12% · SIG 9%
Distributors 4 -7.7%-22.4%-5.8% ARMK 144% · GPC 31% · LKQ -42%
Home Furnishings 4 -5.3%26.1%-12.2% SGI 61% · LZB 7% · MHK -31%
Specialized Consumer Services 10 -11.7%36.9%-14.1% HRB 125% · FTDR 89% · SCI 40%
Restaurants 34 -9.9%-12.5%-14.5% EAT 347% · CAKE 166% · RAVE 141%
Footwear 9 48.3%38.3%-15.9% WEYS 161% · DECK 26% · SHOO 23%
Apparel Retail 25 -4.1%12.1%-25.4% ANF 330% · DXLG 213% · URBN 151%
Leisure Products 13 -16.0%-19.5%-32.5% GOLF 86% · HAS 14% · MCFT -10%
Leisure Facilities 11 2.1%-10.8%-33.5% OSW 126% · JAKK 91% · ESCA 16%
Casinos & Gaming 20 -11.0%-23.9%-34.0% MCRI 110% · RSI 72% · RRR 55%
Automotive Parts & Equipment 38 -15.5%-3.4%-34.1% MOD 1479% · GTX 299% · STRT 98%
Apparel, Accessories & Luxury Goods 27 -3.9%-7.2%-39.3% TPR 242% · RL 238% · ELA 219%
Household Appliances 18 10.9%42.3%-43.2% KEQU 179% · FLXS 164% · HBB 113%
Broadline Retail 14 1.6%20.5%-50.4% DDS 319% · AMZN 49% · EBAY 48%
Computer & Electronics Retail 3 -14.3%-0.4%-60.8% BBY 0% · UPBD -61% · GME -62%
Automobile Manufacturers 8 -61.5%-46.3%-70.1% GM 88% · F 55% · TSLA 45%
Other Specialty Retail 18 -25.1%-45.4%-76.6% TLF 109% · BBW 101% · WINA 78%
Consumer Electronics 11 4.5%-8.9%-80.7% AXIL 2336% · GRMN 74% · MSN -56%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BXBLSKYCVCOLEGHDHILENMedian
NameBOXABL Champion.Cavco In.Legacy H.D.R. Hor.Lennar  
Mkt Price4.3587.76566.1928.41142.7583.5885.67
Mkt Cap-4.84.40.740.320.44.8
Rev LTM32,6732,29817933,35033,1752,485
Op Inc LTM-35234221593,8102,270227
FCF LTM-27266235393,202-90137
FCF 3Y Avg-209189202,6951,968209
CFO LTM-27301286513,35372179
CFO 3Y Avg-255221302,8452,129255

Growth & Margins

BXBLSKYCVCOLEGHDHILENMedian
NameBOXABL Champion.Cavco In.Legacy H.D.R. Hor.Lennar  
Rev Chg LTM3.0%4.5%9.7%-2.6%-3.5%-7.2%0.2%
Rev Chg 3Y Avg-4.9%4.9%-7.6%-1.0%-0.7%-0.7%
Rev Chg Q77.4%1.3%9.5%32.3%0.0%-13.3%5.4%
QoQ Delta Rev Chg LTM7.3%0.3%2.4%9.9%0.0%-3.0%1.4%
Op Inc Chg LTM41.8%-10.2%4.2%-0.7%-22.1%-51.1%-5.5%
Op Inc Chg 3Y Avg--5.9%-1.8%-7.5%-14.4%-27.5%-7.5%
Op Mgn LTM-1,092.2%8.7%9.6%32.8%11.4%6.8%9.2%
Op Mgn 3Y Avg-4,753.8%8.9%9.6%33.8%14.1%11.9%10.7%
QoQ Delta Op Mgn LTM811.3%-0.7%-0.6%2.7%-0.3%-1.2%-0.4%
CFO/Rev LTM-855.5%11.3%12.5%28.2%10.1%0.2%10.7%
CFO/Rev 3Y Avg-10.3%10.6%16.9%8.2%6.0%10.3%
FCF/Rev LTM-863.9%10.0%10.2%21.5%9.6%-0.3%9.8%
FCF/Rev 3Y Avg-8.4%9.2%11.1%7.8%5.6%8.4%

Valuation

BXBLSKYCVCOLEGHDHILENMedian
NameBOXABL Champion.Cavco In.Legacy H.D.R. Hor.Lennar  
Mkt Cap-4.84.40.740.320.44.8
P/S-1.81.93.81.20.61.8
P/Op Inc-20.619.811.510.69.011.5
P/EBIT-18.418.511.310.69.011.3
P/E-25.224.113.213.211.413.2
P/CFO-16.015.213.412.0282.415.2
Total Yield-4.0%4.2%7.6%8.8%11.3%7.6%
Dividend Yield-0.0%0.0%0.0%1.3%2.5%0.0%
FCF Yield 3Y Avg-5.1%5.2%3.4%6.2%5.2%5.2%
D/E-0.00.00.00.20.30.0
Net D/E--0.1-0.1-0.00.10.1-0.0

Returns

BXBLSKYCVCOLEGHDHILENMedian
NameBOXABL Champion.Cavco In.Legacy H.D.R. Hor.Lennar  
1M Rtn-2.0%-3.7%-3.7%3.2%-5.5%-4.9%-3.7%
3M Rtn-55.7%17.4%3.0%19.2%-1.7%-7.1%0.6%
6M Rtn-55.7%6.5%5.5%43.1%-2.5%-16.5%1.5%
12M Rtn-55.7%11.3%2.0%0.7%-18.2%-38.2%-8.7%
3Y Rtn-55.7%24.5%107.1%31.6%28.9%-23.5%26.7%
1M Excs Rtn1.8%-4.2%-2.2%-1.8%-2.3%-1.6%-2.0%
3M Excs Rtn-60.2%12.8%-1.6%14.7%-6.2%-11.6%-3.9%
6M Excs Rtn-70.2%-8.0%-9.0%28.6%-17.0%-31.0%-13.0%
12M Excs Rtn-74.4%-7.4%-16.7%-18.0%-36.9%-57.0%-27.5%
3Y Excs Rtn-126.7%-48.3%24.7%-45.3%-47.2%-97.4%-47.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single segment230112
Total230112


Operating Income by Segment
$ Mil20252024
Single segment-59-53
Total-59-53


Net Income by Segment
$ Mil20252024
Single segment-58-51
Total-58-51


Price Behavior

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BXBL Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta1.93-2.701.842.080.70-0.48
Up Beta-2.32-0.491.441.57-1.962.73
Down Beta0.81-0.822.41-1.664.661.06
Up Capture248%-235%-137%-52%-24%-2%
Bmk +ve Days10213268138427
Stock +ve Days81010101010
Down Capture737%436%232%135%85%47%
Bmk -ve Days11213259113324
Stock -ve Days121919191919

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BXBL
BXBL-55.8%136.6%-3.70-
Sector ETF (XLY)-1.7%19.4%-0.2116.2%
Equity (SPY)19.7%12.8%1.13-4.2%
Gold (GLD)24.6%29.2%0.75-2.1%
Commodities (DBC)44.1%20.4%1.6918.2%
Real Estate (VNQ)9.1%13.6%0.3910.1%
Bitcoin (BTCUSD)-26.9%43.8%-0.5920.8%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BXBL
BXBL-15.0%136.6%-3.70-
Sector ETF (XLY)5.6%24.1%0.1916.2%
Equity (SPY)12.8%17.2%0.57-4.2%
Gold (GLD)19.1%18.8%0.82-2.1%
Commodities (DBC)10.7%19.5%0.4318.2%
Real Estate (VNQ)1.7%18.9%-0.0110.1%
Bitcoin (BTCUSD)10.6%52.6%0.3820.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BXBL
BXBL-7.8%136.6%-3.70-
Sector ETF (XLY)12.1%22.2%0.5016.2%
Equity (SPY)15.3%17.9%0.72-4.2%
Gold (GLD)12.4%16.3%0.62-2.1%
Commodities (DBC)7.9%18.1%0.3518.2%
Real Estate (VNQ)4.8%20.7%0.1910.1%
Bitcoin (BTCUSD)64.0%66.2%1.0420.8%

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Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity0.5 Mil
Short Interest: % Change Since 731202624.6%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest2.5 days
Basic Shares Quantity3,000.1 Mil
Short % of Basic Shares0.0%

SEC Filings

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Report DateFiling DateFiling
06/30/202608/21/202610-Q
03/31/202605/15/202610-Q
12/31/202505/08/2026S-4/A
09/30/202512/30/2025S-4/A
06/30/202509/18/2025S-4
09/30/202312/20/202310-12G/A
06/30/202310/31/202310-12G/A
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Report DateFiling DateFiling
06/30/202608/21/202610-Q
03/31/202605/15/202610-Q
12/31/202505/08/2026S-4/A
09/30/202512/30/2025S-4/A
06/30/202509/18/2025S-4
09/30/202312/20/202310-12G/A
06/30/202310/31/202310-12G/A
Core Cache Last Updated: 9/4/2026