MBOX vs. DBMF
MBOX (Freedom Day Dividend ETF) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - MBOX is a Dividend fund actively managed by Freedom Day, while DBMF is a Systematic Trend fund actively managed by iMGP. Both are actively managed. Over the past 5 years, MBOX returned 12.70%/yr vs 8.34%/yr for DBMF. Their 0.13 correlation means their historical movements had little consistent relationship. MBOX charges 0.39%/yr vs 0.85%/yr for DBMF.
Performance
MBOX vs. DBMF - Performance Comparison
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Returns By Period
In the year-to-date period, MBOX achieves a 20.13% return, which is significantly higher than DBMF's 11.19% return.
MBOX
- 1D
- 0.11%
- 1M
- 3.85%
- 6M
- 14.65%
- YTD
- 20.13%
- 1Y
- 27.96%
- 3Y*
- 17.69%
- 5Y*
- 12.70%
- 10Y*
- —
- ALL TIME*
- 12.53%
DBMF
- 1D
- 0.26%
- 1M
- 1.95%
- 6M
- 6.88%
- YTD
- 11.19%
- 1Y
- 28.45%
- 3Y*
- 9.09%
- 5Y*
- 8.34%
- 10Y*
- —
- ALL TIME*
- 9.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $63.53M | $54.84M | $51.08M | |
| $299.35K | $251.30K | $182.78K |
MBOX vs. DBMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MBOX Freedom Day Dividend ETF | 20.13% | 8.72% | 16.39% | 15.84% | -4.32% | 10.13% |
DBMF iMGP DBi Managed Futures Strategy ETF | 11.19% | 13.85% | 7.24% | -8.94% | 21.61% | 1.90% |
Correlation
The correlation between MBOX and DBMF is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.13 |
The correlation between MBOX and DBMF shifts across timeframes, from 0.10 (5 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MBOX vs. DBMF — Risk / Return Rank
MBOX
DBMF
MBOX vs. DBMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freedom Day Dividend ETF (MBOX) and iMGP DBi Managed Futures Strategy ETF (DBMF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MBOX | DBMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.44 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.71 | 4.54 | +0.18 |
| Martin ratioReturn relative to average drawdown | 16.03 | 15.42 | +0.61 |
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Drawdowns
MBOX vs. DBMF - Drawdown Comparison
The maximum MBOX drawdown since its inception was -16.42%, smaller than the maximum DBMF drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for MBOX and DBMF.
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Drawdown Indicators
| MBOX | DBMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.42% | -20.39% | +3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -6.10% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -16.37% | -15.60% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -16.42% | -20.39% | +3.97% |
Current DrawdownCurrent decline from peak | -1.14% | -1.81% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -6.48% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.79% | -0.10% |
Volatility
MBOX vs. DBMF - Volatility Comparison
Freedom Day Dividend ETF (MBOX) and iMGP DBi Managed Futures Strategy ETF (DBMF) have volatilities of 2.42% and 2.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBOX | DBMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 2.31% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 9.81% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 12.68% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 12.44% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 12.36% | +1.97% |
MBOX vs. DBMF - Expense Ratio Comparison
MBOX has a 0.39% expense ratio, which is lower than DBMF's 0.85% expense ratio.
Dividends
MBOX vs. DBMF - Dividend Comparison
MBOX's dividend yield for the trailing twelve months is around 1.85%, less than DBMF's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.11% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
MBOX Freedom Day Dividend ETF | 1.85% | 1.94% | 1.60% | 2.13% | 2.87% | 1.17% | 0.00% | 0.00% |
Frequently Asked Questions
MBOX and DBMF have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MBOX has higher volatility (2.42%) compared to DBMF (2.31%). In terms of maximum drawdown, MBOX dropped -16.42% vs DBMF's -20.39%.
On 5-year performance, MBOX leads with 12.70% vs 8.34% for DBMF. On fees, MBOX is cheaper at 0.39% per year. On volatility, DBMF has been the lower-risk option at 2.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MBOX has performed better with a 12.70% return vs 8.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MBOX is cheaper with a 0.39% expense ratio, compared with 0.85% for DBMF.
DBMF has the higher dividend yield at 5.11%, compared with 1.85% for MBOX.
MBOX is categorized as Dividend, while DBMF is Systematic Trend. They also come from different issuers: Freedom Day and iMGP. Their fees differ too: 0.39% for MBOX and 0.85% for DBMF.
MBOX currently has the higher Sharpe Ratio (2.54 vs 2.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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