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MGMT vs. MBOX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MGMT and MBOX is 0.81, 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.


-0.50.00.51.00.8

Performance

MGMT vs. MBOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ballast Small/Mid Cap ETF (MGMT) and Freedom Day Dividend ETF (MBOX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
17.85%
5.11%
MGMT
MBOX

Key characteristics

Sharpe Ratio

MGMT:

0.69

MBOX:

1.48

Sortino Ratio

MGMT:

1.10

MBOX:

2.08

Omega Ratio

MGMT:

1.14

MBOX:

1.26

Calmar Ratio

MGMT:

1.15

MBOX:

2.22

Martin Ratio

MGMT:

2.94

MBOX:

8.19

Ulcer Index

MGMT:

4.36%

MBOX:

2.27%

Daily Std Dev

MGMT:

18.62%

MBOX:

12.55%

Max Drawdown

MGMT:

-24.95%

MBOX:

-16.42%

Current Drawdown

MGMT:

-5.44%

MBOX:

-5.95%

Returns By Period

In the year-to-date period, MGMT achieves a 12.96% return, which is significantly lower than MBOX's 17.71% return.


MGMT

YTD

12.96%

1M

-4.51%

6M

17.85%

1Y

12.80%

5Y*

N/A

10Y*

N/A

MBOX

YTD

17.71%

1M

-4.96%

6M

5.11%

1Y

18.58%

5Y*

N/A

10Y*

N/A

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MGMT vs. MBOX - Expense Ratio Comparison

MGMT has a 1.10% expense ratio, which is higher than MBOX's 0.39% expense ratio.


MGMT
Ballast Small/Mid Cap ETF
Expense ratio chart for MGMT: current value at 1.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.10%
Expense ratio chart for MBOX: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%

Risk-Adjusted Performance

MGMT vs. MBOX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Ballast Small/Mid Cap ETF (MGMT) and Freedom Day Dividend ETF (MBOX). 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.


Sharpe ratio
The chart of Sharpe ratio for MGMT, currently valued at 0.69, compared to the broader market0.002.004.000.691.48
The chart of Sortino ratio for MGMT, currently valued at 1.10, compared to the broader market-2.000.002.004.006.008.0010.001.102.08
The chart of Omega ratio for MGMT, currently valued at 1.14, compared to the broader market0.501.001.502.002.503.001.141.26
The chart of Calmar ratio for MGMT, currently valued at 1.15, compared to the broader market0.005.0010.0015.001.152.22
The chart of Martin ratio for MGMT, currently valued at 2.94, compared to the broader market0.0020.0040.0060.0080.00100.002.948.19
MGMT
MBOX

The current MGMT Sharpe Ratio is 0.69, which is lower than the MBOX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of MGMT and MBOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
0.69
1.48
MGMT
MBOX

Dividends

MGMT vs. MBOX - Dividend Comparison

MGMT's dividend yield for the trailing twelve months is around 1.03%, less than MBOX's 1.20% yield.


TTM202320222021
MGMT
Ballast Small/Mid Cap ETF
1.03%1.16%0.90%0.26%
MBOX
Freedom Day Dividend ETF
1.20%2.13%2.87%1.16%

Drawdowns

MGMT vs. MBOX - Drawdown Comparison

The maximum MGMT drawdown since its inception was -24.95%, which is greater than MBOX's maximum drawdown of -16.42%. Use the drawdown chart below to compare losses from any high point for MGMT and MBOX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.44%
-5.95%
MGMT
MBOX

Volatility

MGMT vs. MBOX - Volatility Comparison

Ballast Small/Mid Cap ETF (MGMT) has a higher volatility of 4.71% compared to Freedom Day Dividend ETF (MBOX) at 4.20%. This indicates that MGMT's price experiences larger fluctuations and is considered to be riskier than MBOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
4.71%
4.20%
MGMT
MBOX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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