MBOX vs. DGRW

Last updated Jul 14, 2026

MBOX (Freedom Day Dividend ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both Dividend funds. MBOX is actively managed, while DGRW is passively managed. Over the past 5 years, MBOX returned 12.26%/yr vs 11.61%/yr for DGRW. Their correlation of 0.88 suggests significant overlap in exposure. MBOX charges 0.39%/yr vs 0.28%/yr for DGRW.

Performance

MBOX vs. DGRW - Performance Comparison

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

Returns By Period

In the year-to-date period, MBOX achieves a 17.49% return, which is significantly higher than DGRW's 8.61% return.

MBOX

• 1D: 0.46%
• 1M: 0.73%
• 6M: 13.23%
• YTD: 17.49%
• 1Y: 22.13%
• 3Y*: 18.23%
• 5Y*: 12.26%
• 10Y*: —

DGRW

• 1D: -0.53%
• 1M: 0.67%
• 6M: 6.27%
• YTD: 8.61%
• 1Y: 14.95%
• 3Y*: 14.69%
• 5Y*: 11.61%
• 10Y*: 13.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MBOX vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MBOX Freedom Day Dividend ETF	17.49%	8.72%	16.39%	15.84%	-4.32%	10.13%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	8.61%	12.17%	16.98%	18.66%	-6.33%	13.20%

Correlation

The correlation between MBOX and DGRW is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 5, 2021	0.88

The correlation between MBOX and DGRW has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.

MBOX vs. DGRW - Sectors Allocation Comparison

Sectors	MBOX	DGRW
Financial Services	25.2%	11.3%
Technology	24.6%	32.1%
Energy	13.3%	5.0%
Healthcare	10.5%	12.8%
Industrials	7.8%	9.7%
Real Estate	4.2%	-
Consumer Defensive	3.7%	6.7%
Communication Services	3.6%	10.1%
Basic Materials	3.4%	3.4%
Utilities	2.1%	0.2%
Consumer Cyclical	1.4%	7.2%

Return for Risk

MBOX vs. DGRW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MBOX

MBOX Risk / Return Rank: 83
MBOX Sharpe Ratio Rank: 81
MBOX Sortino Ratio Rank: 85
MBOX Omega Ratio Rank: 78
MBOX Calmar Ratio Rank: 86
MBOX Martin Ratio Rank: 82

DGRW

DGRW Risk / Return Rank: 53
DGRW Sharpe Ratio Rank: 54
DGRW Sortino Ratio Rank: 55
DGRW Omega Ratio Rank: 55
DGRW Calmar Ratio Rank: 45
DGRW Martin Ratio Rank: 55

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. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Freedom Day Dividend ETF (MBOX) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.47	+0.59
Sortino ratio: Return per unit of downside risk	3.02	2.12	+0.90
Omega ratio: Gain probability vs. loss probability	1.36	1.27	+0.09
Calmar ratio: Return relative to maximum drawdown	3.87	1.81	+2.06
Martin ratio: Return relative to average drawdown	12.70	7.46	+5.24

MBOX vs. DGRW - Sharpe Ratio Comparison

The current MBOX Sharpe Ratio is 2.06, which is higher than the DGRW Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of MBOX and DGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MBOX vs. DGRW - Drawdown Comparison

The maximum MBOX drawdown since its inception was -16.42%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for MBOX and DGRW.

Drawdown Indicators

	MBOX	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-16.42%	-32.04%	+15.62%
Max Drawdown (1Y) Largest decline over 1 year	-5.75%	-8.30%	+2.55%
Max Drawdown (3Y) Largest decline over 3 years	-16.37%	-16.21%	-0.16%
Max Drawdown (5Y) Largest decline over 5 years	-16.42%	-17.27%	+0.85%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.04%	—
Current Drawdown Current decline from peak	0.00%	-1.27%	+1.27%
Average Drawdown Average peak-to-trough decline	-3.40%	-3.01%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	2.01%	-0.26%

Volatility

MBOX vs. DGRW - Volatility Comparison

The current volatility for Freedom Day Dividend ETF (MBOX) is 2.44%, while WisdomTree U.S. Quality Dividend Growth Fund (DGRW) has a volatility of 2.86%. This indicates that MBOX experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MBOX	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	2.86%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	7.73%	8.23%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	10.80%	10.23%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.48%	14.00%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.38%	16.17%	-1.79%

MBOX vs. DGRW - Expense Ratio Comparison

MBOX has a 0.39% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

MBOX vs. DGRW - Dividend Comparison

MBOX's dividend yield for the trailing twelve months is around 1.89%, more than DGRW's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.26%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
MBOX Freedom Day Dividend ETF	1.89%	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

Can I hold both MBOX and DGRW in my portfolio?

MBOX and DGRW have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MBOX or DGRW?

DGRW has higher volatility (2.86%) compared to MBOX (2.44%). In terms of maximum drawdown, MBOX dropped -16.42% vs DGRW's -32.04%.

Which ETF is better, MBOX or DGRW?

On 5-year performance, MBOX leads with 12.26% vs 11.61% for DGRW. On fees, DGRW is cheaper at 0.28% per year. On volatility, MBOX has been the lower-risk option at 2.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MBOX or DGRW?

Over the 5-year period, MBOX has performed better with a 12.26% return vs 11.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MBOX or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.39% for MBOX.

Which ETF pays a higher dividend yield, MBOX or DGRW?

MBOX has the higher dividend yield at 1.89%, compared with 1.26% for DGRW.

What is the main difference between MBOX and DGRW?

They also come from different issuers: EMPIRICAL FINANCE LLC and WisdomTree. Their fees differ too: 0.39% for MBOX and 0.28% for DGRW.

Which has better risk-adjusted returns?

MBOX currently has the higher Sharpe Ratio (2.06 vs 1.47), 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.