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ETFs

Freedom Day Dividend ETF

MBOX
$--
Today’s Change
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Snapshot
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Inception Date
May 05 2021
Expense Ratio
0.39%
Type
US Equities
Fund Owner
Freedom Day
Volume (1m avg. daily)
$103,828
AUM
$72,925,200
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

LLY
Lilly(Eli) & Co
4.43%
EOG
EOG Resources, Inc.
3.23%
CARR
Carrier Global Corp
2.34%
MPC
Marathon Petroleum Corp
2.33%
CF
CF Industries Holdings Inc
2.24%
CI
Cigna Group (The)
2.20%
ACN
Accenture plc - Ordinary Shares - Class A
2.20%
FNF
Fidelity National Financial Inc
2.18%
EPD
Enterprise Products Partners L P - Unit
2.16%
WMB
Williams Cos Inc
2.15%
Invest with MBOX

What is MBOX?

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing in equity securities that the Sub-Adviser (Freedom Day Solutions, LLC) believes have the potential to provide rising dividend income streams to the Fund over time. Generally, the Sub-Adviser recommends investments using both fundamental analyses and quantitative methods. The Sub-Adviser analyzes the universe of equity securities trading on U.S. stock exchanges with market capitalizations generally above $1 billion. That is, the Fund will invest in large- and mid-capitalization companies.

ETFs related toMBOX

ETFs correlated to MBOX include JAVA, JPUS, AVLV

MBOX
EA Series Trust - Freedom Day Dividend ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
DTD
WisdomTree Trust - WisdomTree U.S. Total Dividend Fund
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
DLN
WisdomTree Trust - WisdomTree U.S. LargeCap Dividend Fund
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMBOX

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with MBOX using Composer

FAQ

MBOX is a US Equities ETF. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing in equity securities that the Sub-Adviser (Freedom Day Solutions, LLC) believes have the potential to provide rising dividend income streams to the Fund over time. Generally, the Sub-Adviser recommends investments using both fundamental analyses and quantitative methods. The Sub-Adviser analyzes the universe of equity securities trading on U.S. stock exchanges with market capitalizations generally above $1 billion. That is, the Fund will invest in large- and mid-capitalization companies.

MBOX dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

Yes, MBOX is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MBOX is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MBOX is -0.001%. This is the percent change in the value of MBOX over the most recent 1-month period. The 3-month return on MBOX is 0.035%. This is the percent change in the value of MBOX over the most recent 3-month period.

The standard deviation of MBOX for the past year is 0.1549%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MBOX include VIG, VYM, and DFAS.

ETFs correlated to MBOX include JAVA, JPUS, and AVLV.

ETFs that are inversely correlated to MBOX include DXD, DOG, and SDOW.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.