VMOT vs. MBOX

Last updated Jun 4, 2026

VMOT (Alpha Architect Value Momentum Trend ETF) and MBOX (Freedom Day Dividend ETF) are both exchange-traded funds - VMOT is a Momentum fund tracking the Alpha Architect Value Momentum Trend Index, while MBOX is a Dividend fund actively managed by EMPIRICAL FINANCE LLC. VMOT is passively managed, while MBOX is actively managed. Over the past 5 years, VMOT returned 6.94%/yr vs 11.86%/yr for MBOX. A 0.66 correlation means they provide meaningful diversification when combined. VMOT charges 1.75%/yr vs 0.39%/yr for MBOX.

Performance

VMOT vs. MBOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect Value Momentum Trend ETF (VMOT) and Freedom Day Dividend ETF (MBOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VMOT achieves a 17.28% return, which is significantly higher than MBOX's 15.47% return.

VMOT

• 1D: -0.37%
• 1M: 3.80%
• YTD: 17.28%
• 6M: 20.07%
• 1Y: 34.59%
• 3Y*: 19.57%
• 5Y*: 6.94%
• 10Y*: —

MBOX

• 1D: -0.28%
• 1M: 5.07%
• YTD: 15.47%
• 6M: 14.89%
• 1Y: 23.95%
• 3Y*: 19.61%
• 5Y*: 11.86%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VMOT vs. MBOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VMOT Alpha Architect Value Momentum Trend ETF	17.28%	18.54%	12.07%	-0.74%	-7.00%	-1.11%
MBOX Freedom Day Dividend ETF	15.47%	8.72%	16.39%	15.84%	-4.32%	9.48%

Correlation

The correlation between VMOT and MBOX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since May 6, 2021	0.66

The correlation between VMOT and MBOX shifts across timeframes, from 0.66 (all time) to 0.79 (3 years), reflecting how their relationship changes across market environments.

VMOT vs. MBOX - Sectors Allocation Comparison

Sectors	VMOT	MBOX
Industrials	19.9%	8.2%
Consumer Cyclical	18.8%	1.7%
Technology	11.4%	18.3%
Energy	8.6%	14.1%
Consumer Defensive	8.5%	8.0%
Healthcare	8.4%	13.4%
Financial Services	8.1%	25.0%
Communication Services	7.3%	2.0%
Basic Materials	5.1%	3.8%
Utilities	3.3%	2.2%
Real Estate	0.6%	3.4%

Return for Risk

VMOT vs. MBOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VMOT

VMOT Risk / Return Rank: 69
VMOT Sharpe Ratio Rank: 69
VMOT Sortino Ratio Rank: 70
VMOT Omega Ratio Rank: 69
VMOT Calmar Ratio Rank: 65
VMOT Martin Ratio Rank: 71

MBOX

MBOX Risk / Return Rank: 71
MBOX Sharpe Ratio Rank: 67
MBOX Sortino Ratio Rank: 71
MBOX Omega Ratio Rank: 65
MBOX Calmar Ratio Rank: 80
MBOX Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VMOT vs. MBOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect Value Momentum Trend ETF (VMOT) 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.

	VMOT	MBOX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.24	+0.04
Sortino ratio: Return per unit of downside risk	3.20	3.25	-0.05
Omega ratio: Gain probability vs. loss probability	1.42	1.39	+0.02
Calmar ratio: Return relative to maximum drawdown	3.20	4.19	-0.98
Martin ratio: Return relative to average drawdown	13.42	13.88	-0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VMOT vs. MBOX - Sharpe Ratio Comparison

The current VMOT Sharpe Ratio is 2.28, which is comparable to the MBOX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of VMOT and MBOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VMOT	MBOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	2.24	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.82	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.83	-0.48

Drawdowns

VMOT vs. MBOX - Drawdown Comparison

The maximum VMOT drawdown since its inception was -34.71%, which is greater than MBOX's maximum drawdown of -16.42%. Use the drawdown chart below to compare losses from any high point for VMOT and MBOX.

Drawdown Indicators

	VMOT	MBOX	Difference
Max Drawdown Largest peak-to-trough decline	-34.71%	-16.42%	-18.29%
Max Drawdown (1Y) Largest decline over 1 year	-10.85%	-5.75%	-5.10%
Max Drawdown (3Y) Largest decline over 3 years	-20.23%	-16.37%	-3.86%
Max Drawdown (5Y) Largest decline over 5 years	-23.73%	-16.42%	-7.31%
Current Drawdown Current decline from peak	-0.55%	-0.28%	-0.27%
Average Drawdown Average peak-to-trough decline	-13.32%	-3.46%	-9.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	1.73%	+0.85%

Volatility

VMOT vs. MBOX - Volatility Comparison

Alpha Architect Value Momentum Trend ETF (VMOT) has a higher volatility of 5.00% compared to Freedom Day Dividend ETF (MBOX) at 3.14%. This indicates that VMOT'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.

Volatility by Period

	VMOT	MBOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	3.14%	+1.86%
Volatility (6M) Calculated over the trailing 6-month period	12.87%	7.81%	+5.06%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	10.76%	+4.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.68%	14.49%	+1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.90%	14.47%	+0.43%

VMOT vs. MBOX - Expense Ratio Comparison

VMOT has a 1.75% expense ratio, which is higher than MBOX's 0.39% expense ratio.

Dividends

VMOT vs. MBOX - Dividend Comparison

VMOT's dividend yield for the trailing twelve months is around 1.75%, less than MBOX's 1.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MBOX Freedom Day Dividend ETF	1.89%	1.94%	1.60%	2.13%	2.87%	1.17%	0.00%	0.00%	0.00%	0.00%
VMOT Alpha Architect Value Momentum Trend ETF	1.75%	2.05%	2.54%	4.13%	2.24%	0.82%	0.00%	1.76%	0.93%	0.81%

Frequently Asked Questions

Can I hold both VMOT and MBOX in my portfolio?

VMOT and MBOX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VMOT or MBOX?

VMOT has higher volatility (5.00%) compared to MBOX (3.14%). In terms of maximum drawdown, VMOT dropped -34.71% vs MBOX's -16.42%.

Which ETF is better, VMOT or MBOX?

On 5-year performance, MBOX leads with 11.86% vs 6.94% for VMOT. On fees, MBOX is cheaper at 0.39% per year. On volatility, MBOX has been the lower-risk option at 3.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VMOT or MBOX?

Over the 5-year period, MBOX has performed better with a 11.86% return vs 6.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VMOT or MBOX?

MBOX is cheaper with a 0.39% expense ratio, compared with 1.75% for VMOT.

Which ETF pays a higher dividend yield, VMOT or MBOX?

MBOX has the higher dividend yield at 1.89%, compared with 1.75% for VMOT.

What is the main difference between VMOT and MBOX?

VMOT is categorized as Momentum, while MBOX is Dividend. They also come from different issuers: Alpha Architect and EMPIRICAL FINANCE LLC. Their fees differ too: 1.75% for VMOT and 0.39% for MBOX.

Which has better risk-adjusted returns?

VMOT currently has the higher Sharpe Ratio (2.28 vs 2.24), 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.