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MBOX vs. DEW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MBOX vs. DEW

Last updated Jun 24, 2026

MBOX (Freedom Day Dividend ETF) and DEW (WisdomTree Global High Dividend Fund) are both exchange-traded funds - MBOX is a Dividend fund actively managed by EMPIRICAL FINANCE LLC, while DEW is a Large Cap Value Equities fund tracking the WisdomTree Global High Dividend Index. MBOX is actively managed, while DEW is passively managed. Over the past 5 years, MBOX returned 12.11%/yr vs 11.57%/yr for DEW. Their correlation of 0.84 suggests significant overlap in exposure. MBOX charges 0.39%/yr vs 0.58%/yr for DEW.

Performance

MBOX vs. DEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Freedom Day Dividend ETF (MBOX) and WisdomTree Global High Dividend Fund (DEW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MBOX achieves a 15.12% return, which is significantly higher than DEW's 12.97% return.

MBOX

1D
-0.10%
1M
0.91%
YTD
15.12%
6M
14.04%
1Y
22.27%
3Y*
19.07%
5Y*
12.11%
10Y*
—

DEW

1D
0.43%
1M
-0.07%
YTD
12.97%
6M
12.77%
1Y
25.61%
3Y*
19.27%
5Y*
11.57%
10Y*
9.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MBOX vs. DEW - Yearly Performance Comparison

2026 (YTD)20252024202320222021
MBOX
Freedom Day Dividend ETF		15.12%8.72%16.39%15.84%-4.32%10.13%
DEW
WisdomTree Global High Dividend Fund		12.97%22.39%11.58%9.39%-2.73%6.96%

Correlation

The correlation between MBOX and DEW is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

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

0.84

The correlation between MBOX and DEW has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

MBOX vs. DEW - Sectors Allocation Comparison

Sectors
MBOX
DEW

Financial Services

25.2%
19.7%

Technology

24.6%
2.5%

Energy

13.3%
14.7%

Healthcare

10.5%
9.5%

Industrials

7.8%
4.4%

Real Estate

4.2%
10.8%

Consumer Defensive

3.7%
8.9%

Communication Services

3.6%
4.1%

Basic Materials

3.4%
2.8%

Utilities

2.1%
10.8%

Consumer Cyclical

1.4%
3.1%

Financial Services

MBOX
25.2%
DEW
19.7%

Technology

MBOX
24.6%
DEW
2.5%

Energy

MBOX
13.3%
DEW
14.7%

Healthcare

MBOX
10.5%
DEW
9.5%

Industrials

MBOX
7.8%
DEW
4.4%

Real Estate

MBOX
4.2%
DEW
10.8%

Consumer Defensive

MBOX
3.7%
DEW
8.9%

Communication Services

MBOX
3.6%
DEW
4.1%

Basic Materials

MBOX
3.4%
DEW
2.8%

Utilities

MBOX
2.1%
DEW
10.8%

Consumer Cyclical

MBOX
1.4%
DEW
3.1%

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

WisdomTree Global High Dividend Fund

Often compared with MBOX:
MBOX vs. TLTWMBOX vs. FYCMBOX vs. DDIVMBOX vs. PFIMBOX vs. TPSCMBOX vs. MGMTMBOX vs. SCHD
Often compared with DEW:
DEW vs. DTDDEW vs. IDVODEW vs. SPYDEW vs. SCHDDEW vs. ^GSPCDEW vs. NTSXDEW vs. NOBL

Return for Risk

MBOX vs. DEW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MBOX
MBOX Risk / Return Rank: 7171
Overall Rank
MBOX Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
MBOX Sortino Ratio Rank: 7272
Sortino Ratio Rank
MBOX Omega Ratio Rank: 6464
Omega Ratio Rank
MBOX Calmar Ratio Rank: 8080
Calmar Ratio Rank
MBOX Martin Ratio Rank: 7373
Martin Ratio Rank
DEW
DEW Risk / Return Rank: 8484
Overall Rank
DEW Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
DEW Sortino Ratio Rank: 8787
Sortino Ratio Rank
DEW Omega Ratio Rank: 8383
Omega Ratio Rank
DEW Calmar Ratio Rank: 8181
Calmar Ratio Rank
DEW Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MBOX vs. DEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Freedom Day Dividend ETF (MBOX) and WisdomTree Global High Dividend Fund (DEW). 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.

MBOXDEWDifference
Sharpe ratioReturn per unit of total volatility
2.05
2.64

-0.59

Sortino ratioReturn per unit of downside risk
3.01
3.68

-0.67

Omega ratioGain probability vs. loss probability

1.36

1.47

-0.11

Calmar ratioReturn relative to maximum drawdown

3.89

4.06

-0.17

Martin ratioReturn relative to average drawdown

12.79

15.88

-3.09

MBOX vs. DEW - Sharpe Ratio Comparison

The current MBOX Sharpe Ratio is 2.05, which is comparable to the DEW Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of MBOX and DEW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MBOX vs. DEW - Drawdown Comparison

The maximum MBOX drawdown since its inception was -16.42%, smaller than the maximum DEW drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for MBOX and DEW.

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Drawdown Indicators

MBOXDEWDifference

Max Drawdown

Largest peak-to-trough decline

-16.42%

-65.55%

+49.13%

Max Drawdown (1Y)

Largest decline over 1 year

-5.75%

-6.34%

+0.59%

Max Drawdown (3Y)

Largest decline over 3 years

-16.37%

-11.80%

-4.57%

Max Drawdown (5Y)

Largest decline over 5 years

-16.42%

-18.86%

+2.44%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.77%

—

Current Drawdown

Current decline from peak

-1.30%

-1.12%

-0.18%

Average Drawdown

Average peak-to-trough decline

-3.43%

-12.41%

+8.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

1.62%

+0.12%

Volatility

MBOX vs. DEW - Volatility Comparison

Freedom Day Dividend ETF (MBOX) has a higher volatility of 3.42% compared to WisdomTree Global High Dividend Fund (DEW) at 2.77%. This indicates that MBOX's price experiences larger fluctuations and is considered to be riskier than DEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MBOXDEWDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.42%

2.77%

+0.65%

Volatility (6M)

Calculated over the trailing 6-month period

7.95%

7.35%

+0.60%

Volatility (1Y)

Calculated over the trailing 1-year period

10.91%

9.76%

+1.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.49%

12.98%

+1.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.43%

15.42%

-0.99%

MBOX vs. DEW - Expense Ratio Comparison

MBOX has a 0.39% expense ratio, which is lower than DEW's 0.58% expense ratio.

Dividends

MBOX vs. DEW - Dividend Comparison

MBOX's dividend yield for the trailing twelve months is around 1.90%, less than DEW's 3.18% yield.

PositionTTM20252024202320222021202020192018201720162015
DEW
WisdomTree Global High Dividend Fund		3.18%3.71%4.02%4.55%3.82%3.55%4.10%3.74%4.17%3.18%3.42%4.32%
MBOX
Freedom Day Dividend ETF		1.90%1.94%1.60%2.13%2.87%1.17%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MBOX and DEW have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MBOX has higher volatility (3.42%) compared to DEW (2.77%). In terms of maximum drawdown, MBOX dropped -16.42% vs DEW's -65.55%.

On 5-year performance, MBOX leads with 12.11% vs 11.57% for DEW. On fees, MBOX is cheaper at 0.39% per year. On volatility, DEW has been the lower-risk option at 2.77%. 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 12.11% return vs 11.57%. 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 0.58% for DEW.

DEW has the higher dividend yield at 3.18%, compared with 1.90% for MBOX.

MBOX is categorized as Dividend, while DEW is Large Cap Value Equities. They also come from different issuers: EMPIRICAL FINANCE LLC and WisdomTree. Their fees differ too: 0.39% for MBOX and 0.58% for DEW.

DEW currently has the higher Sharpe Ratio (2.64 vs 2.05), 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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