The last few discussions about the BOXX ETF were a year or more ago and I'm interested in any new thoughts or opinions.
I have invested a small amount in BOXX and it's going fine. But I am tempted to invest more however I am concerned about risk. Not tax risk - even a complete recharacterization of the returns as interest would be unpleasant but not tragic.
I'm wondering more about larger types of risk. Do you have confidence in the management of the ETF? Box spreads are straightforward but how high is the risk they bungle things up? Volatility risk? Counterparty risk? Black swan events?
If we're going to invest in a low return product it has to be equivalently low risk.