MGMT vs. MBOX
Compare and contrast key facts about Ballast Small/Mid Cap ETF (MGMT) and Freedom Day Dividend ETF (MBOX).
MGMT and MBOX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MGMT is an actively managed fund by Inverdale Capital Management LLC. It was launched on Dec 2, 2020. MBOX is an actively managed fund by EMPIRICAL FINANCE LLC. It was launched on May 5, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGMT or MBOX.
Key characteristics
| MGMT | MBOX | |
|---|---|---|
| YTD Return | -1.70% | 8.25% |
| 1Y Return | 14.27% | 29.20% |
| Sharpe Ratio | 0.88 | 2.40 |
| Daily Std Dev | 15.99% | 11.83% |
| Max Drawdown | -24.95% | -16.42% |
| Current Drawdown | -4.05% | -3.75% |
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.
Performance
MGMT vs. MBOX - Performance Comparison
In the year-to-date period, MGMT achieves a -1.70% return, which is significantly lower than MBOX's 8.25% 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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MGMT vs. MBOX - Expense Ratio Comparison
MGMT has a 1.10% expense ratio, which is higher than MBOX's 0.39% expense ratio.
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.
Dividends
MGMT vs. MBOX - Dividend Comparison
MGMT's dividend yield for the trailing twelve months is around 1.18%, less than MBOX's 1.74% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
MGMT Ballast Small/Mid Cap ETF | 1.18% | 1.16% | 0.90% | 0.26% |
MBOX Freedom Day Dividend ETF | 1.74% | 2.13% | 2.87% | 1.17% |
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.
Volatility
MGMT vs. MBOX - Volatility Comparison
Ballast Small/Mid Cap ETF (MGMT) has a higher volatility of 5.08% compared to Freedom Day Dividend ETF (MBOX) at 3.38%. 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.