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MBOX vs. DVYA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MBOX vs. DVYA

Last updated Jun 4, 2026

MBOX (Freedom Day Dividend ETF) and DVYA (iShares Asia/Pacific Dividend ETF) are both exchange-traded funds - MBOX is a Dividend fund actively managed by EMPIRICAL FINANCE LLC, while DVYA is a Asia Pacific Equities fund tracking the Dow Jones Asia/Pacific Select Dividend 30 Index. MBOX is actively managed, while DVYA is passively managed. Over the past 5 years, MBOX returned 11.86%/yr vs 9.88%/yr for DVYA. A 0.62 correlation means they provide meaningful diversification when combined. MBOX charges 0.39%/yr vs 0.49%/yr for DVYA.

Performance

MBOX vs. DVYA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Freedom Day Dividend ETF (MBOX) and iShares Asia/Pacific Dividend ETF (DVYA). 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 15.47% return, which is significantly higher than DVYA's 13.35% return.

MBOX

1D
-0.28%
1M
5.07%
YTD
15.47%
6M
14.89%
1Y
23.95%
3Y*
19.61%
5Y*
11.86%
10Y*
—

DVYA

1D
-0.86%
1M
0.51%
YTD
13.35%
6M
13.63%
1Y
39.49%
3Y*
21.73%
5Y*
9.88%
10Y*
7.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MBOX vs. DVYA - Yearly Performance Comparison

2026 (YTD)20252024202320222021
MBOX
Freedom Day Dividend ETF		15.47%8.72%16.39%15.84%-4.32%9.48%
DVYA
iShares Asia/Pacific Dividend ETF		13.35%30.22%6.05%13.75%-2.17%-6.34%

Correlation

The correlation between MBOX and DVYA is 0.60, 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

0.60

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

0.58

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

0.62

Correlation (All Time)
Calculated using the full available price history since May 6, 2021

0.62

The correlation between MBOX and DVYA has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.

MBOX vs. DVYA - Sectors Allocation Comparison

Sectors
MBOX
DVYA

Financial Services

25.0%
30.9%

Technology

18.3%
1.6%

Energy

14.1%
5.0%

Healthcare

13.4%
3.5%

Industrials

8.2%
7.1%

Consumer Defensive

8.0%
5.2%

Basic Materials

3.8%
16.1%

Real Estate

3.4%
10.6%

Utilities

2.2%
4.5%

Communication Services

2.0%
4.7%

Consumer Cyclical

1.7%
10.9%

Financial Services

MBOX
25.0%
DVYA
30.9%

Technology

MBOX
18.3%
DVYA
1.6%

Energy

MBOX
14.1%
DVYA
5.0%

Healthcare

MBOX
13.4%
DVYA
3.5%

Industrials

MBOX
8.2%
DVYA
7.1%

Consumer Defensive

MBOX
8.0%
DVYA
5.2%

Basic Materials

MBOX
3.8%
DVYA
16.1%

Real Estate

MBOX
3.4%
DVYA
10.6%

Utilities

MBOX
2.2%
DVYA
4.5%

Communication Services

MBOX
2.0%
DVYA
4.7%

Consumer Cyclical

MBOX
1.7%
DVYA
10.9%

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

iShares Asia/Pacific Dividend ETF

Often compared with MBOX:
MBOX vs. TLTWMBOX vs. DDIVMBOX vs. FYCMBOX vs. TPSCMBOX vs. PFIMBOX vs. MGMTMBOX vs. SCHD
Often compared with DVYA:
DVYA vs. VYMDVYA vs. DVYEDVYA vs. IDVDVYA vs. VWIDDVYA vs. CNDVYA vs. EPDPXDVYA vs. BBCA

Return for Risk

MBOX vs. DVYA — 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: 6767
Sharpe Ratio Rank
MBOX Sortino Ratio Rank: 7171
Sortino Ratio Rank
MBOX Omega Ratio Rank: 6565
Omega Ratio Rank
MBOX Calmar Ratio Rank: 8080
Calmar Ratio Rank
MBOX Martin Ratio Rank: 7373
Martin Ratio Rank
DVYA
DVYA Risk / Return Rank: 8585
Overall Rank
DVYA Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
DVYA Sortino Ratio Rank: 8888
Sortino Ratio Rank
DVYA Omega Ratio Rank: 8585
Omega Ratio Rank
DVYA Calmar Ratio Rank: 8484
Calmar Ratio Rank
DVYA Martin Ratio Rank: 8282
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. DVYA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Freedom Day Dividend ETF (MBOX) and iShares Asia/Pacific Dividend ETF (DVYA). 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.

MBOXDVYADifference
Sharpe ratioReturn per unit of total volatility
2.24
3.05

-0.81

Sortino ratioReturn per unit of downside risk
3.25
4.06

-0.81

Omega ratioGain probability vs. loss probability

1.39

1.53

-0.13

Calmar ratioReturn relative to maximum drawdown

4.19

4.59

-0.41

Martin ratioReturn relative to average drawdown

13.88

16.66

-2.79

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MBOX vs. DVYA - Sharpe Ratio Comparison

The current MBOX Sharpe Ratio is 2.24, which is comparable to the DVYA Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of MBOX and DVYA, 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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Sharpe Ratios by Period

MBOXDVYADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.24

3.05

-0.81

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.82

0.66

+0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.42

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.30

+0.53

Drawdowns

MBOX vs. DVYA - Drawdown Comparison

The maximum MBOX drawdown since its inception was -16.42%, smaller than the maximum DVYA drawdown of -45.61%. Use the drawdown chart below to compare losses from any high point for MBOX and DVYA.

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Drawdown Indicators

MBOXDVYADifference

Max Drawdown

Largest peak-to-trough decline

-16.42%

-45.61%

+29.19%

Max Drawdown (1Y)

Largest decline over 1 year

-5.75%

-8.64%

+2.89%

Max Drawdown (3Y)

Largest decline over 3 years

-16.37%

-19.15%

+2.78%

Max Drawdown (5Y)

Largest decline over 5 years

-16.42%

-25.37%

+8.95%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.61%

—

Current Drawdown

Current decline from peak

-0.28%

-3.11%

+2.83%

Average Drawdown

Average peak-to-trough decline

-3.46%

-10.06%

+6.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.73%

2.38%

-0.65%

Volatility

MBOX vs. DVYA - Volatility Comparison

The current volatility for Freedom Day Dividend ETF (MBOX) is 3.14%, while iShares Asia/Pacific Dividend ETF (DVYA) has a volatility of 3.94%. This indicates that MBOX experiences smaller price fluctuations and is considered to be less risky than DVYA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MBOXDVYADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.14%

3.94%

-0.80%

Volatility (6M)

Calculated over the trailing 6-month period

7.81%

10.44%

-2.63%

Volatility (1Y)

Calculated over the trailing 1-year period

10.76%

13.00%

-2.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.49%

15.08%

-0.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.47%

17.55%

-3.08%

MBOX vs. DVYA - Expense Ratio Comparison

MBOX has a 0.39% expense ratio, which is lower than DVYA's 0.49% expense ratio.

Dividends

MBOX vs. DVYA - Dividend Comparison

MBOX's dividend yield for the trailing twelve months is around 1.89%, less than DVYA's 4.33% yield.

PositionTTM20252024202320222021202020192018201720162015
DVYA
iShares Asia/Pacific Dividend ETF		4.33%4.71%5.97%6.48%7.29%5.81%3.66%5.52%6.24%4.74%4.79%5.33%
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

MBOX and DVYA have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DVYA has higher volatility (3.94%) compared to MBOX (3.14%). In terms of maximum drawdown, MBOX dropped -16.42% vs DVYA's -45.61%.

On 5-year performance, MBOX leads with 11.86% vs 9.88% for DVYA. On fees, MBOX is cheaper at 0.39% per year. On volatility, MBOX has been the lower-risk option at 3.14%. 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 11.86% return vs 9.88%. 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 0.49% for DVYA.

DVYA has the higher dividend yield at 4.33%, compared with 1.89% for MBOX.

MBOX is categorized as Dividend, while DVYA is Asia Pacific Equities. They also come from different issuers: EMPIRICAL FINANCE LLC and iShares. Their fees differ too: 0.39% for MBOX and 0.49% for DVYA.

DVYA currently has the higher Sharpe Ratio (3.05 vs 2.24), 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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