CSA vs. MBOX
Compare and contrast key facts about VictoryShares US Small Cap Volatility Wtd ETF (CSA) and Freedom Day Dividend ETF (MBOX).
CSA and MBOX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSA is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory US 500 Small Volatility Weighted Index. It was launched on Jul 8, 2015. MBOX is an actively managed fund by EMPIRICAL FINANCE LLC. It was launched on May 5, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSA or MBOX.
Key characteristics
| CSA | MBOX | |
|---|---|---|
| YTD Return | -1.70% | 8.38% |
| 1Y Return | 14.30% | 26.46% |
| Sharpe Ratio | 0.79 | 2.23 |
| Daily Std Dev | 17.90% | 11.94% |
| Max Drawdown | -42.40% | -16.42% |
| Current Drawdown | -5.24% | -3.64% |
Correlation
The correlation between CSA and MBOX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CSA vs. MBOX - Performance Comparison
In the year-to-date period, CSA achieves a -1.70% return, which is significantly lower than MBOX's 8.38% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CSA vs. MBOX - Expense Ratio Comparison
CSA has a 0.35% expense ratio, which is lower than MBOX's 0.39% expense ratio.
Risk-Adjusted Performance
CSA vs. MBOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Small Cap Volatility Wtd ETF (CSA) and Freedom Day Dividend ETF (MBOX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CSA vs. MBOX - Dividend Comparison
CSA's dividend yield for the trailing twelve months is around 1.25%, less than MBOX's 1.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSA VictoryShares US Small Cap Volatility Wtd ETF | 1.25% | 1.23% | 1.42% | 1.25% | 1.30% | 1.35% | 1.44% | 1.06% | 1.01% | 0.51% |
MBOX Freedom Day Dividend ETF | 1.74% | 2.13% | 2.87% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CSA vs. MBOX - Drawdown Comparison
The maximum CSA drawdown since its inception was -42.40%, which is greater than MBOX's maximum drawdown of -16.42%. Use the drawdown chart below to compare losses from any high point for CSA and MBOX. For additional features, visit the drawdowns tool.
Volatility
CSA vs. MBOX - Volatility Comparison
VictoryShares US Small Cap Volatility Wtd ETF (CSA) has a higher volatility of 4.61% compared to Freedom Day Dividend ETF (MBOX) at 3.37%. This indicates that CSA's price experiences larger fluctuations and is considered to be riskier than MBOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.