MBOX vs. UDIV
Compare and contrast key facts about Freedom Day Dividend ETF (MBOX) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV).
MBOX and UDIV 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. UDIV is a passively managed fund by Franklin Templeton that tracks the performance of the Linked Morningstar US Dividend Enhanced Select Index. It was launched on Jun 1, 2016.
Performance
MBOX vs. UDIV - Performance Comparison
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MBOX vs. UDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MBOX Freedom Day Dividend ETF | 5.04% | 8.72% | 16.39% | 15.84% | -4.32% | 9.48% |
UDIV Franklin U.S. Core Dividend Tilt Index ETF | -2.52% | 19.00% | 25.61% | 25.21% | -15.00% | 9.66% |
Returns By Period
In the year-to-date period, MBOX achieves a 5.04% return, which is significantly higher than UDIV's -2.52% return.
MBOX
- 1D
- 0.93%
- 1M
- -4.03%
- YTD
- 5.04%
- 6M
- 4.92%
- 1Y
- 12.49%
- 3Y*
- 15.78%
- 5Y*
- —
- 10Y*
- —
UDIV
- 1D
- 2.84%
- 1M
- -4.47%
- YTD
- -2.52%
- 6M
- -0.60%
- 1Y
- 20.03%
- 3Y*
- 19.35%
- 5Y*
- 11.73%
- 10Y*
- —
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MBOX vs. UDIV - Expense Ratio Comparison
MBOX has a 0.39% expense ratio, which is higher than UDIV's 0.06% expense ratio.
Return for Risk
MBOX vs. UDIV — Risk / Return Rank
MBOX
UDIV
MBOX vs. UDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freedom Day Dividend ETF (MBOX) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). 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.
| MBOX | UDIV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.08 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.62 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.60 | -0.48 |
Martin ratioReturn relative to average drawdown | 5.23 | 7.86 | -2.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MBOX | UDIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.08 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.64 | +0.07 |
Correlation
The correlation between MBOX and UDIV is 0.83, 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.
Dividends
MBOX vs. UDIV - Dividend Comparison
MBOX's dividend yield for the trailing twelve months is around 2.08%, more than UDIV's 1.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MBOX Freedom Day Dividend ETF | 2.08% | 1.94% | 1.60% | 2.13% | 2.87% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UDIV Franklin U.S. Core Dividend Tilt Index ETF | 1.66% | 1.53% | 2.05% | 1.91% | 3.20% | 2.97% | 2.90% | 3.40% | 3.74% | 3.47% | 1.63% |
Drawdowns
MBOX vs. UDIV - Drawdown Comparison
The maximum MBOX drawdown since its inception was -16.42%, smaller than the maximum UDIV drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for MBOX and UDIV.
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Drawdown Indicators
| MBOX | UDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.42% | -35.21% | +18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -12.98% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.18% | — |
Current DrawdownCurrent decline from peak | -4.32% | -5.84% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -4.71% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.64% | -0.04% |
Volatility
MBOX vs. UDIV - Volatility Comparison
The current volatility for Freedom Day Dividend ETF (MBOX) is 3.31%, while Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a volatility of 5.29%. This indicates that MBOX experiences smaller price fluctuations and is considered to be less risky than UDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBOX | UDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 5.29% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 9.60% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.65% | 18.59% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 15.48% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 16.34% | -1.76% |