MBOX vs. DDIV
Compare and contrast key facts about Freedom Day Dividend ETF (MBOX) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV).
MBOX and DDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBOX is an actively managed fund by EMPIRICAL FINANCE LLC. It was launched on May 5, 2021. DDIV is a passively managed fund by First Trust that tracks the performance of the Dorsey Wright Momentum Plus Dividend Yield Index. It was launched on Mar 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MBOX or DDIV.
Performance
MBOX vs. DDIV - Performance Comparison
Returns By Period
In the year-to-date period, MBOX achieves a 20.00% return, which is significantly lower than DDIV's 32.90% return.
MBOX
20.00%
-0.71%
6.68%
28.45%
N/A
N/A
DDIV
32.90%
3.81%
18.41%
43.53%
12.31%
9.66%
Key characteristics
| MBOX | DDIV | |
|---|---|---|
| Sharpe Ratio | 2.39 | 3.07 |
| Sortino Ratio | 3.32 | 4.17 |
| Omega Ratio | 1.42 | 1.54 |
| Calmar Ratio | 4.26 | 3.37 |
| Martin Ratio | 15.11 | 21.09 |
| Ulcer Index | 1.92% | 2.08% |
| Daily Std Dev | 12.15% | 14.30% |
| Max Drawdown | -16.42% | -47.55% |
| Current Drawdown | -2.13% | -0.76% |
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MBOX vs. DDIV - Expense Ratio Comparison
MBOX has a 0.39% expense ratio, which is lower than DDIV's 0.60% expense ratio.
Correlation
The correlation between MBOX and DDIV is 0.86, 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
MBOX vs. DDIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Freedom Day Dividend ETF (MBOX) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV). 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
MBOX vs. DDIV - Dividend Comparison
MBOX's dividend yield for the trailing twelve months is around 1.60%, less than DDIV's 2.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DDIV First Trust Dorsey Wright Momentum & Dividend ETF | 2.25% | 3.18% | 3.60% | 2.43% | 2.63% | 2.93% | 3.27% | 2.35% | 2.45% | 2.61% | 2.15% |
Drawdowns
MBOX vs. DDIV - Drawdown Comparison
The maximum MBOX drawdown since its inception was -16.42%, smaller than the maximum DDIV drawdown of -47.55%. Use the drawdown chart below to compare losses from any high point for MBOX and DDIV. For additional features, visit the drawdowns tool.
Volatility
MBOX vs. DDIV - Volatility Comparison
The current volatility for Freedom Day Dividend ETF (MBOX) is 3.74%, while First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) has a volatility of 5.42%. This indicates that MBOX experiences smaller price fluctuations and is considered to be less risky than DDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.