PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
MBOX vs. DDIV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MBOX vs. DDIV

Last updated Aug 2, 2026
Documentation

MBOX (Freedom Day Dividend ETF) and DDIV (First Trust Dorsey Wright Momentum & Dividend ETF) are both exchange-traded funds - MBOX is a Dividend fund actively managed by Freedom Day, while DDIV is a Momentum fund tracking the Dorsey Wright Momentum Plus Dividend Yield Index. MBOX is actively managed, while DDIV is passively managed. Over the past 5 years, MBOX returned 12.70%/yr vs 11.83%/yr for DDIV. Their correlation of 0.84 means they have usually moved in the same direction. MBOX charges 0.39%/yr vs 0.60%/yr for DDIV.

Performance

MBOX vs. DDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Freedom Day Dividend ETF (MBOX) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, MBOX achieves a 20.13% return, which is significantly higher than DDIV's 13.74% 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%

DDIV

1D
-0.34%
1M
3.53%
6M
10.64%
YTD
13.74%
1Y
25.77%
3Y*
19.69%
5Y*
11.83%
10Y*
10.05%
ALL TIME*
9.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DDIV

First Trust Dorsey Wright Momentum & Dividend ETF
$868.02K$511.47K$301.15K

MBOX

Freedom Day Dividend ETF
$299.35K$251.30K$182.78K

MBOX vs. DDIV - Yearly Performance Comparison

2026 (YTD)20252024202320222021
MBOX
Freedom Day Dividend ETF		20.13%8.72%16.39%15.84%-4.32%10.13%
DDIV
First Trust Dorsey Wright Momentum & Dividend ETF		13.74%12.23%27.18%9.95%-12.44%10.13%

Correlation

The correlation between MBOX and DDIV is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.76

Correlation (3Y)
Balances recent behavior with more history.

0.84

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.85

Correlation (All Time)
Calculated using the full available price history since May 5, 2021

0.84

The correlation between MBOX and DDIV has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

MBOX vs. DDIV - Sectors Allocation Comparison

Sectors
MBOX
DDIV

Financial Services

27.6%
22.8%

Technology

19.9%
1.0%

Energy

13.9%
26.5%

Healthcare

10.7%
4.0%

Industrials

9.3%
6.8%

Communication Services

5.7%
2.3%

Real Estate

4.8%
15.5%

Consumer Defensive

3.8%
7.3%

Basic Materials

3.4%
2.9%

Utilities

2.4%
5.4%

Consumer Cyclical

1.8%
5.5%

Financial Services

MBOX
27.6%
DDIV
22.8%

Technology

MBOX
19.9%
DDIV
1.0%

Energy

MBOX
13.9%
DDIV
26.5%

Healthcare

MBOX
10.7%
DDIV
4.0%

Industrials

MBOX
9.3%
DDIV
6.8%

Communication Services

MBOX
5.7%
DDIV
2.3%

Real Estate

MBOX
4.8%
DDIV
15.5%

Consumer Defensive

MBOX
3.8%
DDIV
7.3%

Basic Materials

MBOX
3.4%
DDIV
2.9%

Utilities

MBOX
2.4%
DDIV
5.4%

Consumer Cyclical

MBOX
1.8%
DDIV
5.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Freedom Day Dividend ETF

First Trust Dorsey Wright Momentum & Dividend ETF

Often compared with MBOX:
MBOX vs. FYCMBOX vs. TLTWMBOX vs. TPSCMBOX vs. PFIMBOX vs. MGMTMBOX vs. SCHDMBOX vs. UDIV
Often compared with DDIV:
DDIV vs. TDIVDDIV vs. QQQDDIV vs. JEPQDDIV vs. UDIVDDIV vs. DVOLDDIV vs. DVLUDDIV vs. PJFV

Return for Risk

MBOX vs. DDIV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
MBOX
MBOX Risk / Return Rank: 9393
Overall Rank
MBOX Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
MBOX Sortino Ratio Rank: 9494
Sortino Ratio Rank
MBOX Omega Ratio Rank: 9292
Omega Ratio Rank
MBOX Calmar Ratio Rank: 9494
Calmar Ratio Rank
MBOX Martin Ratio Rank: 9292
Martin Ratio Rank
DDIV
DDIV Risk / Return Rank: 7171
Overall Rank
DDIV Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
DDIV Sortino Ratio Rank: 7474
Sortino Ratio Rank
DDIV Omega Ratio Rank: 7575
Omega Ratio Rank
DDIV Calmar Ratio Rank: 6363
Calmar Ratio Rank
DDIV Martin Ratio Rank: 6666
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MBOX vs. DDIV - Risk-Adjusted Trends 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.

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.

MBOXDDIVDifference
Sharpe ratioReturn per unit of total volatility
2.54
1.72

+0.82

Sortino ratioReturn per unit of downside risk
3.72
2.40

+1.32

Omega ratioGain probability vs. loss probability

1.45

1.31

+0.14

Calmar ratioReturn relative to maximum drawdown

4.71

2.19

+2.52

Martin ratioReturn relative to average drawdown

16.03

8.07

+7.96

MBOX vs. DDIV - Sharpe Ratio Comparison

The current MBOX Sharpe Ratio is 2.54, which is higher than the DDIV Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of MBOX and DDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

MBOX vs. DDIV - Drawdown Comparison

The maximum MBOX drawdown since its inception was -16.42%, smaller than the maximum DDIV drawdown of -47.56%. Use the drawdown chart below to compare losses from any high point for MBOX and DDIV.

Loading charts...

Drawdown Indicators

MBOXDDIVDifference

Max Drawdown

Largest peak-to-trough decline

-16.42%

-47.56%

+31.14%

Max Drawdown (1Y)

Largest decline over 1 year

-5.75%

-11.31%

+5.56%

Max Drawdown (3Y)

Largest decline over 3 years

-16.37%

-18.97%

+2.60%

Max Drawdown (5Y)

Largest decline over 5 years

-16.42%

-21.10%

+4.68%

Max Drawdown (10Y)

Largest decline over 10 years

—

-47.56%

—

Current Drawdown

Current decline from peak

-1.14%

-1.54%

+0.40%

Average Drawdown

Average peak-to-trough decline

-3.37%

-5.95%

+2.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.69%

3.07%

-1.38%

Volatility

MBOX vs. DDIV - Volatility Comparison

The current volatility for Freedom Day Dividend ETF (MBOX) is 2.42%, while First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) has a volatility of 3.64%. 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.

Loading charts...

Volatility by Period

MBOXDDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.42%

3.64%

-1.22%

Volatility (6M)

Calculated over the trailing 6-month period

7.55%

11.40%

-3.85%

Volatility (1Y)

Calculated over the trailing 1-year period

10.75%

14.42%

-3.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.47%

18.25%

-3.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.33%

19.90%

-5.57%

MBOX vs. DDIV - Expense Ratio Comparison

MBOX has a 0.39% expense ratio, which is lower than DDIV's 0.60% expense ratio.

Dividends

MBOX vs. DDIV - Dividend Comparison

MBOX's dividend yield for the trailing twelve months is around 1.85%, more than DDIV's 1.53% yield.

PositionTTM20252024202320222021202020192018
DDIV
First Trust Dorsey Wright Momentum & Dividend ETF		1.53%1.94%2.22%3.18%3.60%2.43%2.63%2.93%3.27%
MBOX
Freedom Day Dividend ETF		1.85%1.94%1.60%2.13%2.87%1.17%0.00%0.00%0.00%

Frequently Asked Questions

MBOX and DDIV have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DDIV has higher volatility (3.64%) compared to MBOX (2.42%). In terms of maximum drawdown, MBOX dropped -16.42% vs DDIV's -47.56%.

On 5-year performance, MBOX leads with 12.70% vs 11.83% for DDIV. On fees, MBOX is cheaper at 0.39% per year. On volatility, MBOX has been the lower-risk option at 2.42%. 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 11.83%. 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 0.60% for DDIV.

MBOX has the higher dividend yield at 1.85%, compared with 1.53% for DDIV.

MBOX is categorized as Dividend, while DDIV is Momentum. They also come from different issuers: Freedom Day and First Trust. Their fees differ too: 0.39% for MBOX and 0.60% for DDIV.

MBOX currently has the higher Sharpe Ratio (2.54 vs 1.72), 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.

Portfolio Optimizer

Find the right allocation for MBOX and DDIV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer