MBOX vs. TLTW
Compare and contrast key facts about Freedom Day Dividend ETF (MBOX) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).
MBOX and TLTW 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. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MBOX or TLTW.
Performance
MBOX vs. TLTW - Performance Comparison
Returns By Period
In the year-to-date period, MBOX achieves a 20.00% return, which is significantly higher than TLTW's -0.42% return.
MBOX
20.00%
-0.71%
6.68%
28.45%
N/A
N/A
TLTW
-0.42%
-2.44%
2.87%
2.18%
N/A
N/A
Key characteristics
| MBOX | TLTW | |
|---|---|---|
| Sharpe Ratio | 2.39 | 0.25 |
| Sortino Ratio | 3.32 | 0.39 |
| Omega Ratio | 1.42 | 1.05 |
| Calmar Ratio | 4.26 | 0.15 |
| Martin Ratio | 15.11 | 0.72 |
| Ulcer Index | 1.92% | 3.57% |
| Daily Std Dev | 12.15% | 10.39% |
| Max Drawdown | -16.42% | -18.59% |
| Current Drawdown | -2.13% | -11.58% |
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MBOX vs. TLTW - Expense Ratio Comparison
MBOX has a 0.39% expense ratio, which is higher than TLTW's 0.35% expense ratio.
Correlation
The correlation between MBOX and TLTW is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
MBOX vs. TLTW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Freedom Day Dividend ETF (MBOX) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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. TLTW - Dividend Comparison
MBOX's dividend yield for the trailing twelve months is around 1.60%, less than TLTW's 15.29% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
MBOX Freedom Day Dividend ETF | 1.60% | 2.13% | 2.87% | 1.16% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 15.29% | 19.59% | 8.71% | 0.00% |
Drawdowns
MBOX vs. TLTW - Drawdown Comparison
The maximum MBOX drawdown since its inception was -16.42%, smaller than the maximum TLTW drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for MBOX and TLTW. For additional features, visit the drawdowns tool.
Volatility
MBOX vs. TLTW - Volatility Comparison
The current volatility for Freedom Day Dividend ETF (MBOX) is 3.74%, while iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) has a volatility of 4.11%. This indicates that MBOX experiences smaller price fluctuations and is considered to be less risky than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.