MBOX vs. SCDL
MBOX (Freedom Day Dividend ETF) and SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) are both exchange-traded funds - MBOX is a Dividend fund actively managed by Freedom Day, while SCDL is a Leveraged Equities fund tracking the Dow Jones U.S. Dividend 100 (200%). MBOX is actively managed, while SCDL is passively managed. Over the past 5 years, MBOX returned 12.70%/yr vs 11.62%/yr for SCDL. Their correlation of 0.86 means they have usually moved in the same direction. MBOX charges 0.39%/yr vs 0.95%/yr for SCDL.
Performance
MBOX vs. SCDL - Performance Comparison
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Returns By Period
In the year-to-date period, MBOX achieves a 20.13% return, which is significantly lower than SCDL's 47.30% return.
MBOX
- 1D
- 0.11%
- 1M
- 3.85%
- 6M
- 14.65%
- YTD
- 20.13%
- 1Y
- 27.96%
- 3Y*
- 17.69%
- 5Y*
- 12.70%
- 10Y*
- —
- ALL TIME*
- 12.53%
SCDL
- 1D
- 0.55%
- 1M
- 6.51%
- 6M
- 26.03%
- YTD
- 47.30%
- 1Y
- 61.99%
- 3Y*
- 20.93%
- 5Y*
- 11.62%
- 10Y*
- —
- ALL TIME*
- 16.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $299.35K | $251.30K | $182.78K | |
| $12.99K | $29.73K | $21.90K |
MBOX vs. SCDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MBOX Freedom Day Dividend ETF | 20.13% | 8.72% | 16.39% | 15.84% | -4.32% | 10.13% |
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 47.30% | 2.05% | 14.99% | 0.18% | -13.06% | 17.52% |
Correlation
The correlation between MBOX and SCDL is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.86 |
The correlation between MBOX and SCDL shifts across timeframes, from 0.67 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MBOX vs. SCDL — Risk / Return Rank
MBOX
SCDL
MBOX vs. SCDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freedom Day Dividend ETF (MBOX) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL). 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 | SCDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.46 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.71 | 6.00 | -1.29 |
| Martin ratioReturn relative to average drawdown | 16.03 | 15.42 | +0.61 |
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Drawdowns
MBOX vs. SCDL - Drawdown Comparison
The maximum MBOX drawdown since its inception was -16.42%, smaller than the maximum SCDL drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for MBOX and SCDL.
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Drawdown Indicators
| MBOX | SCDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.42% | -34.87% | +18.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -10.19% | +4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.37% | -32.79% | +16.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.42% | -34.87% | +18.45% |
Current DrawdownCurrent decline from peak | -1.14% | -2.42% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -11.68% | +8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 3.96% | -2.27% |
Volatility
MBOX vs. SCDL - Volatility Comparison
The current volatility for Freedom Day Dividend ETF (MBOX) is 2.42%, while ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a volatility of 8.22%. This indicates that MBOX experiences smaller price fluctuations and is considered to be less risky than SCDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBOX | SCDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 8.22% | -5.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 15.67% | -8.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 21.95% | -11.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 29.02% | -14.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 28.76% | -14.43% |
MBOX vs. SCDL - Expense Ratio Comparison
MBOX has a 0.39% expense ratio, which is lower than SCDL's 0.95% expense ratio.
Dividends
MBOX vs. SCDL - Dividend Comparison
MBOX's dividend yield for the trailing twelve months is around 1.85%, while SCDL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MBOX Freedom Day Dividend ETF | 1.85% | 1.94% | 1.60% | 2.13% | 2.87% | 1.17% |
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MBOX and SCDL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCDL has higher volatility (8.22%) compared to MBOX (2.42%). In terms of maximum drawdown, MBOX dropped -16.42% vs SCDL's -34.87%.
On 5-year performance, MBOX leads with 12.70% vs 11.62% for SCDL. On fees, MBOX is cheaper at 0.39% per year. On volatility, MBOX has been the lower-risk option at 2.42%. 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 12.70% return vs 11.62%. 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 0.95% for SCDL.
MBOX has the higher dividend yield at 1.85%, compared with 0.00% for SCDL.
MBOX is categorized as Dividend, while SCDL is Leveraged Equities. They also come from different issuers: Freedom Day and UBS. Their fees differ too: 0.39% for MBOX and 0.95% for SCDL.
SCDL currently has the higher Sharpe Ratio (2.81 vs 2.54), 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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