MBOX vs SPY
Freedom Day Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MBOX or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. MBOX led over 1Y, SPY over 3Y, 5Y and the full window. MBOX is less concentrated, with 26.0% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MBOX | SPY |
|---|---|---|
| Expense Ratio | 0.39% | 0.09%Best |
| AUM | $153M | $804.7B |
| Dividend Yield | 1.81% | 0.98% |
| Holdings | 48 | 505 |
| YTD Return | +18.90%Best | +12.22% |
| 1Y Return | +20.67%Best | +16.97% |
| 3Y Return (annualized) | +18.33% | +21.16%Best |
| 5Y Return (annualized) | +12.74% | +13.00%Best |
| Volatility (annualized) | 14.3%Best | 15.4% |
| Max Drawdown | -16.7%Best | -24.5% |
| $10,000 over 5 years | $18,213 | $18,424Best |
| Top 10 Weight | 26.0%Best | 37.8% |
| Fund Family | Freedom Day Dividend | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | May 4, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: May 5, 2021 to Sep 17, 2026 (5.4 years).
MBOX vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.4 years both funds cover.
MBOX vs SPY Performance
Freedom Day Dividend ETF (MBOX) is an ETF from Freedom Day Dividend and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MBOX returned +20.67% while SPY returned +16.97%. Year to date, MBOX is up 18.90% versus a gain of 12.22% for SPY.
Over three years, MBOX compounded at +18.33% per year against +21.16% for SPY; over five years the annualized figures are +12.74% and +13.00% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.3% for MBOX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.7% for MBOX and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MBOX charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, MBOX currently yields 1.81% against 0.98% for SPY.
Holdings Overlap
69.8% of MBOX's money is in holdings SPY also owns. 10.8% of SPY's money is in holdings MBOX also owns.
The two portfolios partly overlap.
34 positions in common, counted across the 50 positions we hold weights for in MBOX and 504 in SPY, against full books of 48 and 505.
What only one of them owns
Our book lists 464 positions for SPY that do not appear in our book for MBOX (88.7% of the fund), and 10 for MBOX that do not appear in SPY (19.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in MBOX | Weight in SPY | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.01% | 2.66% | 0.65% |
| JPMJpmorgan Chase | 3.03% | 1.45% | 1.58% |
| XOMExxon Mobil Corp. | 2.40% | 1.04% | 1.36% |
| MSMorgan Stanley | 2.70% | 0.38% | 2.32% |
| AMGNAmgen Inc. | 2.66% | 0.36% | 2.30% |
| MPCMarathon Petroleum Corp | 2.79% | 0.17% | 2.62% |
| MRKMerck & Company Inc | 2.35% | 0.56% | 1.79% |
| UNHUnitedhealth Group Incorporated | 2.33% | 0.55% | 1.78% |
| DELLDell Technologies Inc | 2.51% | 0.19% | 2.32% |
| GSGoldman Sachs Group Inc/The | 2.18% | 0.45% | 1.73% |
69.8% of MBOX is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MBOX or SPY?
MBOX has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, MBOX or SPY?
Over the past year MBOX returned +20.67% vs +16.97% for SPY, so MBOX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MBOX or SPY?
SPY has been the more volatile fund at 15.4% annualized versus 14.3% for MBOX. Worst drawdown: MBOX -16.7% vs SPY -24.5%.
Should I hold both MBOX and SPY?
MBOX and SPY have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MBOX and SPY?
69.8% of MBOX's money is in holdings SPY also owns. 10.8% of SPY's is in holdings MBOX also owns. They hold 34 positions in common, counted across the 50 positions we hold weights for in MBOX and 504 in SPY.
Which pays a higher dividend, MBOX or SPY?
MBOX yields 1.81% while SPY yields 0.98%, so MBOX currently pays the higher dividend yield.
Is SPY better than MBOX?
SPY has a lower expense ratio. MBOX led over 1Y, SPY over 3Y, 5Y and the full window. MBOX is less concentrated, with 26.0% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.