Dimensional Multi-Asset Fund (DMO) belongs to the Global Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with DMO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DMO
DMO charges 0.04% annually. There are 4 mutual funds in the Global Allocation category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Voya Global Advantage and Premium Opportunity Fund | 0.01% | — | Oct 2005 | DMO vs IGA | |
| Highland Global Allocation Fund | 0.02% | — | Jan 1998 | DMO vs HGLB | |
| Lazard Global Total Return and Income Fund | 0.02% | — | Apr 2004 | DMO vs LGI | |
| GMO Implementation Fund | 0.02% | — | Feb 2012 | DMO vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | DMO vs GGSIX |
Best Risk-Adjusted Alternatives to DMO
DMO has a PortfoliosLab risk / return rank of 5. There are 82 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 97 | — | Dec 2002 | DMO vs TIBAX | |
| GMO Benchmark-Free Fund | 96 | — | Jun 2011 | DMO vs GBFFX | |
| Principal Diversified Select Real Asset Fund | 95 | — | Jul 2019 | DMO vs PDSYX | |
| GMO Implementation Fund | 95 | — | Feb 2012 | DMO vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 95 | — | Jul 2003 | DMO vs GBMFX |
Top Performing DMO Alternatives (YTD)
DMO is at 3.50% YTD. There are 78 mutual funds in the Global Allocation category with higher YTD returns, going as high as 22.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Dynamic Income Fund | 22.59% | — | Jun 2007 | DMO vs CHW | |
| Calamos Global Total Return Fund | 21.35% | — | Oct 2005 | DMO vs CGO | |
| Thornburg Investment Income Builder Fund | 16.30% | — | Dec 2002 | DMO vs TIBAX | |
| Nuveen Multi-Asset Income Fund | 15.64% | — | Nov 2021 | DMO vs NMAI | |
| Calamos Global Opportunities Fund | 15.54% | — | Sep 1996 | DMO vs CVLOX |
Lowest Volatility Alternatives to DMO
DMO has 10.04% 1-year volatility. There are 58 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.03%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.03% | — | Jul 2019 | DMO vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.43% | — | Dec 2017 | DMO vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.64% | — | Mar 2011 | DMO vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.87% | — | Sep 2011 | DMO vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.93% | — | Dec 2011 | DMO vs PMFYX |
Lowest Drawdown Alternatives to DMO
DMO has a 1-year max drawdown of -8.37%. There are 60 mutual funds in the Global Allocation category with shallower 1-year drawdowns, going as shallow as -1.98%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | -1.98% | — | Jul 2019 | DMO vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -2.60% | — | Mar 2011 | DMO vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | DMO vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | DMO vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | DMO vs MSTGX |
Other Mutual Funds from Dimensional Fund Advisors
The 6 most viewed Dimensional Fund Advisors mutual funds shown here include DHF, DHY, DFP and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Dimensional High Yield Fund | High Yield Bonds | 4 | 1.49% | — | Jan 2013 | DMO vs DHF | |
| Dimensional High Yield Equity Fund | Dividend | 1 | -8.03% | — | Jan 2013 | DMO vs DHY | |
| Dimensional Financial Leaders Fund | Large Cap Value Equities | 20 | 5.14% | — | May 2013 | DMO vs DFP | |
| Dimensional Multi-Blend Fund | Large Cap Blend Equities | 46 | 2.57% | — | Jan 2013 | DMO vs DMB | |
| Dimensional Managed Account Fund | Diversified Portfolio | 5 | -5.42% | — | Mar 2012 | DMO vs DMA | |
| Dimensional Small Cap Equity Fund | Small Cap Blend Equities | 45 | 1.43% | — | Jan 2013 | DMO vs DSM |
Often Compared With DMO
Investors most often compare DMO with TTMIX, JBALX, MHEIX. These 13 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare DMO with Any Fund or Stock
Compare DMO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DMO with funds that move differently
Dimensional Multi-Asset Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DMO.
Explore DMO Diversifiers