MBOX vs. NOBL
Compare and contrast key facts about Freedom Day Dividend ETF (MBOX) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
MBOX and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBOX is an actively managed fund by EMPIRICAL FINANCE LLC. It was launched on May 5, 2021. NOBL is a passively managed fund by ProShares that tracks the performance of the S&P 500 Dividend Aristocrats Index. It was launched on Oct 9, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MBOX or NOBL.
Key characteristics
| MBOX | NOBL | |
|---|---|---|
| YTD Return | 12.25% | 5.54% |
| 1Y Return | 33.21% | 12.05% |
| 3Y Return (Ann) | 10.53% | 4.83% |
| Sharpe Ratio | 3.08 | 1.20 |
| Daily Std Dev | 11.57% | 10.78% |
| Max Drawdown | -16.42% | -35.43% |
| Current Drawdown | -0.28% | -1.31% |
Correlation
The correlation between MBOX and NOBL is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MBOX vs. NOBL - Performance Comparison
In the year-to-date period, MBOX achieves a 12.25% return, which is significantly higher than NOBL's 5.54% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MBOX vs. NOBL - Expense Ratio Comparison
MBOX has a 0.39% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Risk-Adjusted Performance
MBOX vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Freedom Day Dividend ETF (MBOX) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). 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.
Dividends
MBOX vs. NOBL - Dividend Comparison
MBOX's dividend yield for the trailing twelve months is around 1.68%, less than NOBL's 2.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBOX Freedom Day Dividend ETF | 1.68% | 2.13% | 2.87% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.02% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% | 0.30% |
Drawdowns
MBOX vs. NOBL - Drawdown Comparison
The maximum MBOX drawdown since its inception was -16.42%, smaller than the maximum NOBL drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for MBOX and NOBL. For additional features, visit the drawdowns tool.
Volatility
MBOX vs. NOBL - Volatility Comparison
Freedom Day Dividend ETF (MBOX) has a higher volatility of 2.50% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 1.97%. This indicates that MBOX's price experiences larger fluctuations and is considered to be riskier than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.