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Dimensional Managed Account Fund (DMA)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

CUSIP
25065A502
Inception Date
Mar 16, 2012
Distribution Policy
Distributing
Asset Class
Multi-Asset
Asset Class Size
Multi-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Dimensional Managed Account Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Dimensional Managed Account Fund (DMA) has returned -5.96% so far this year and 8.74% over the past 12 months.


Dimensional Managed Account Fund

1D
0.00%
1M
-3.49%
YTD
-5.96%
6M
0.97%
1Y
8.74%
3Y*
18.18%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jan 13, 2022, DMA's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, your investment would double in approximately 9.1 years.

Historically, 57% of months were positive and 43% were negative. The best month was Aug 2023 with a return of +20.4%, while the worst month was Jun 2022 at -14.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, DMA closed higher 47% of trading days. The best single day was Jan 21, 2022 with a return of +15.0%, while the worst single day was Jan 20, 2022 at -11.0%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.14%-3.66%-3.49%-5.96%
20252.36%1.62%-2.81%-0.04%5.39%0.62%0.84%0.50%0.25%0.96%1.88%4.39%16.89%
202417.66%7.78%-1.01%-8.06%4.59%7.31%3.97%-0.24%3.58%0.23%2.99%-1.81%41.06%
2023-0.22%0.82%-10.17%-1.29%-4.90%-8.82%-0.20%20.40%-0.66%1.84%-0.49%2.81%-3.81%
2022-6.62%-4.51%14.46%-5.63%-2.42%-14.58%4.35%6.05%-12.17%0.54%6.44%0.72%-15.90%

Benchmark Metrics

Dimensional Managed Account Fund has an annualized alpha of 4.56%, beta of 0.40, and R² of 0.09 versus S&P 500 Index. Calculated based on daily prices since January 14, 2022.

  • This fund participated in 48.14% of S&P 500 Index downside but only 44.46% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.40 may look defensive, but with R² of 0.09 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
  • R² of 0.09 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
4.56%
Beta
0.40
0.09
Upside Capture
44.46%
Downside Capture
48.14%

Expense Ratio

DMA has an expense ratio of 0.03%, which is considered low.


Return for Risk

Risk / Return Rank

DMA ranks 20 for risk / return — in the bottom 20% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


DMA Risk / Return Rank: 2020
Overall Rank
DMA Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
DMA Sortino Ratio Rank: 2020
Sortino Ratio Rank
DMA Omega Ratio Rank: 2121
Omega Ratio Rank
DMA Calmar Ratio Rank: 2020
Calmar Ratio Rank
DMA Martin Ratio Rank: 2222
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Dimensional Managed Account Fund (DMA) and compare them to a chosen benchmark (S&P 500 Index).


DMABenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.49

0.90

-0.40

Sortino ratio

Return per unit of downside risk

0.88

1.39

-0.50

Omega ratio

Gain probability vs. loss probability

1.13

1.21

-0.08

Calmar ratio

Return relative to maximum drawdown

0.61

1.40

-0.79

Martin ratio

Return relative to average drawdown

2.39

6.61

-4.21

Explore DMA risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Dimensional Managed Account Fund provided a 13.69% dividend yield over the last twelve months, with an annual payout of $1.11 per share.


4.00%5.00%6.00%7.00%8.00%9.00%10.00%$0.00$0.20$0.40$0.60$0.802022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022
Dividend$1.11$0.85$0.32$0.33$0.69

Dividend yield

13.69%9.42%3.83%5.22%10.14%

Monthly Dividends

The table displays the monthly dividend distributions for Dimensional Managed Account Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.11$0.11$0.11$0.34
2025$0.00$0.00$0.07$0.07$0.07$0.08$0.08$0.08$0.08$0.09$0.09$0.11$0.85
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.32$0.32
2023$0.05$0.06$0.05$0.05$0.05$0.05$0.00$0.00$0.00$0.00$0.00$0.00$0.33
2022$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.05$0.06$0.06$0.69

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Dimensional Managed Account Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Dimensional Managed Account Fund was 38.85%, occurring on Jul 24, 2023. Recovery took 233 trading sessions.

The current Dimensional Managed Account Fund drawdown is 7.64%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-38.85%Apr 4, 2022327Jul 24, 2023233Jun 26, 2024560
-18.52%Jan 14, 20224Jan 20, 20223Jan 25, 20227
-16.26%Jan 27, 202220Feb 24, 202224Mar 30, 202244
-15.86%Mar 6, 202524Apr 8, 202527May 16, 202551
-9.13%Jan 20, 202634Mar 9, 2026

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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