FYC vs. MBOX
Compare and contrast key facts about First Trust Small Cap Growth AlphaDEX Fund (FYC) and Freedom Day Dividend ETF (MBOX).
FYC and MBOX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FYC is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Small Cap Growth Index. It was launched on Apr 19, 2011. 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: FYC or MBOX.
Performance
FYC vs. MBOX - Performance Comparison
Returns By Period
In the year-to-date period, FYC achieves a 28.34% return, which is significantly higher than MBOX's 20.00% return.
FYC
28.34%
5.80%
19.76%
41.53%
12.81%
11.07%
MBOX
20.00%
-0.71%
6.68%
28.45%
N/A
N/A
Key characteristics
| FYC | MBOX | |
|---|---|---|
| Sharpe Ratio | 2.06 | 2.39 |
| Sortino Ratio | 2.86 | 3.32 |
| Omega Ratio | 1.35 | 1.42 |
| Calmar Ratio | 1.47 | 4.26 |
| Martin Ratio | 14.03 | 15.11 |
| Ulcer Index | 3.03% | 1.92% |
| Daily Std Dev | 20.67% | 12.15% |
| Max Drawdown | -47.85% | -16.42% |
| Current Drawdown | -3.64% | -2.13% |
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FYC vs. MBOX - Expense Ratio Comparison
FYC has a 0.71% expense ratio, which is higher than MBOX's 0.39% expense ratio.
Correlation
The correlation between FYC and MBOX is 0.79, 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.
Risk-Adjusted Performance
FYC vs. MBOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Growth AlphaDEX Fund (FYC) 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
FYC vs. MBOX - Dividend Comparison
FYC's dividend yield for the trailing twelve months is around 0.71%, less than MBOX's 1.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYC First Trust Small Cap Growth AlphaDEX Fund | 0.71% | 0.58% | 0.00% | 0.63% | 0.12% | 0.39% | 0.09% | 0.11% | 0.31% | 0.22% | 0.03% | 0.02% |
MBOX Freedom Day Dividend ETF | 1.60% | 2.13% | 2.87% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FYC vs. MBOX - Drawdown Comparison
The maximum FYC drawdown since its inception was -47.85%, which is greater than MBOX's maximum drawdown of -16.42%. Use the drawdown chart below to compare losses from any high point for FYC and MBOX. For additional features, visit the drawdowns tool.
Volatility
FYC vs. MBOX - Volatility Comparison
First Trust Small Cap Growth AlphaDEX Fund (FYC) has a higher volatility of 7.71% compared to Freedom Day Dividend ETF (MBOX) at 3.74%. This indicates that FYC'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.