MBOX vs. DIVB
MBOX (Freedom Day Dividend ETF) and DIVB (iShares Core Dividend ETF) are both Dividend funds. MBOX is actively managed, while DIVB is passively managed. Over the past 5 years, MBOX returned 12.43%/yr vs 12.72%/yr for DIVB. Their correlation of 0.91 suggests significant overlap in exposure. MBOX charges 0.39%/yr vs 0.05%/yr for DIVB.
Performance
MBOX vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, MBOX achieves a 14.68% return, which is significantly lower than DIVB's 15.88% return.
MBOX
- 1D
- -0.55%
- 1M
- 0.52%
- YTD
- 14.68%
- 6M
- 14.35%
- 1Y
- 22.60%
- 3Y*
- 18.20%
- 5Y*
- 12.43%
- 10Y*
- —
DIVB
- 1D
- -0.21%
- 1M
- 0.55%
- YTD
- 15.88%
- 6M
- 15.71%
- 1Y
- 27.35%
- 3Y*
- 20.04%
- 5Y*
- 12.72%
- 10Y*
- —
MBOX vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MBOX Freedom Day Dividend ETF | 14.68% | 8.72% | 16.39% | 15.84% | -4.32% | 10.13% |
DIVB iShares Core Dividend ETF | 15.88% | 15.09% | 18.59% | 13.27% | -10.51% | 12.05% |
Correlation
The correlation between MBOX and DIVB is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.91 |
The correlation between MBOX and DIVB has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
MBOX vs. DIVB — Risk / Return Rank
MBOX
DIVB
MBOX vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freedom Day Dividend ETF (MBOX) and iShares Core Dividend ETF (DIVB). 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 | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.42 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 4.03 | -0.05 |
| Martin ratioReturn relative to average drawdown | 13.12 | 13.51 | -0.40 |
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Drawdowns
MBOX vs. DIVB - Drawdown Comparison
The maximum MBOX drawdown since its inception was -16.42%, smaller than the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for MBOX and DIVB.
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Drawdown Indicators
| MBOX | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.42% | -36.93% | +20.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -6.82% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.37% | -15.45% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.42% | -21.08% | +4.66% |
Current DrawdownCurrent decline from peak | -1.68% | -2.16% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -4.97% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.03% | -0.29% |
Volatility
MBOX vs. DIVB - Volatility Comparison
The current volatility for Freedom Day Dividend ETF (MBOX) is 3.48%, while iShares Core Dividend ETF (DIVB) has a volatility of 4.62%. This indicates that MBOX experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBOX | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 4.62% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 8.81% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 11.67% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.51% | 15.27% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 18.37% | -3.93% |
MBOX vs. DIVB - Expense Ratio Comparison
MBOX has a 0.39% expense ratio, which is higher than DIVB's 0.05% expense ratio.
Dividends
MBOX vs. DIVB - Dividend Comparison
MBOX's dividend yield for the trailing twelve months is around 1.91%, less than DIVB's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.29% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% |
MBOX Freedom Day Dividend ETF | 1.91% | 1.94% | 1.60% | 2.13% | 2.87% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MBOX and DIVB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (4.62%) compared to MBOX (3.48%). In terms of maximum drawdown, MBOX dropped -16.42% vs DIVB's -36.93%.
On 5-year performance, DIVB leads with 12.72% vs 12.43% for MBOX. On fees, DIVB is cheaper at 0.05% per year. On volatility, MBOX has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 12.72% return vs 12.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.39% for MBOX.
DIVB has the higher dividend yield at 2.29%, compared with 1.91% for MBOX.
They also come from different issuers: EMPIRICAL FINANCE LLC and iShares. Their fees differ too: 0.39% for MBOX and 0.05% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.36 vs 2.10), 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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