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 4. There are 82 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 98 | — | Dec 2002 | DMO vs TIBAX | |
| GMO Benchmark-Free Fund | 95 | — | Jun 2011 | DMO vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 94 | — | Jul 2003 | DMO vs GBMFX | |
| GMO Implementation Fund | 94 | — | Feb 2012 | DMO vs GIMFX | |
| SA Worldwide Moderate Growth Fund | 93 | — | Jun 2015 | DMO vs SAWMX |
Top Performing DMO Alternatives (YTD)
DMO is at 1.86% YTD. There are 81 mutual funds in the Global Allocation category with higher YTD returns, going as high as 23.16%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Total Return Fund | 23.16% | — | Oct 2005 | DMO vs CGO | |
| Calamos Global Dynamic Income Fund | 21.48% | — | Jun 2007 | DMO vs CHW | |
| Thornburg Investment Income Builder Fund | 16.64% | — | Dec 2002 | DMO vs TIBAX | |
| Calamos Global Opportunities Fund | 15.00% | — | Sep 1996 | DMO vs CVLOX | |
| Leuthold Global Fund | 13.98% | — | Apr 2008 | DMO vs GLBIX |
Lowest Volatility Alternatives to DMO
DMO has 10.01% 1-year volatility. There are 56 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 | 4.45% | — | Dec 2017 | DMO vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.68% | — | Mar 2011 | DMO vs LFMIX | |
| Pioneer Multi-Asset Income Fund | 5.91% | — | Dec 2011 | DMO vs PMFYX | |
| Nuveen Real Asset Income Fund | 5.92% | — | Sep 2011 | DMO vs NRIIX |
Lowest Drawdown Alternatives to DMO
DMO has a 1-year max drawdown of -8.37%. There are 59 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 DHY, DFP, DHF and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Dimensional High Yield Equity Fund | Dividend | 1 | -8.56% | — | Jan 2013 | DMO vs DHY | |
| Dimensional Financial Leaders Fund | Large Cap Value Equities | 13 | 1.35% | — | May 2013 | DMO vs DFP | |
| Dimensional High Yield Fund | High Yield Bonds | 5 | -0.09% | — | Jan 2013 | DMO vs DHF | |
| Dimensional Multi-Blend Fund | Large Cap Blend Equities | 39 | 2.57% | — | Jan 2013 | DMO vs DMB | |
| Dimensional Managed Account Fund | Diversified Portfolio | 2 | -11.61% | — | Mar 2012 | DMO vs DMA | |
| Dimensional Small Cap Equity Fund | Small Cap Blend Equities | 41 | 2.26% | — | Jan 2013 | DMO vs DSM |
Often Compared With DMO
Investors most often compare DMO with TTMIX, JBALX, PGP. These 11 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Total Return Fund Class I | Global Allocation | 2 | -1.61% | — | Sep 2001 | DMO vs TTMIX | |
| JPMorgan Global Allocation Fund Class A | Global Allocation | 29 | 2.46% | — | Dec 1991 | DMO vs JBALX | |
| PIMCO Global StocksPLUS & Income Fund | Global Allocation | 21 | -2.92% | — | May 2005 | DMO vs PGP | |
| MH Elite Income Fund of Funds | Global Allocation | 34 | 2.09% | — | Aug 2011 | DMO vs MHEIX | |
| Allspring Absolute Return Fund | Global Allocation | 87 | 13.16% | — | Feb 2012 | DMO vs WARAX | |
| Cohen & Steers Real Assets Fund Inc | Global Allocation | 26 | 9.99% | — | Jan 2012 | DMO vs RAPZX | |
| Hartford Real Asset Fund | Global Allocation | 88 | 9.44% | — | May 2010 | DMO vs HRLYX | |
| Wilmington Real Asset Fund | Global Allocation | 49 | 11.54% | — | Jun 2003 | DMO vs WMRIX | |
| Principal Diversified Real Asset Fund | Global Allocation | 56 | 9.90% | — | Mar 2010 | DMO vs PDRDX | |
| Fidelity Floating Rate High Income Fund | Bank Loan | 91 | 1.49% | — | Aug 2000 | DMO vs FFRHX | |
| American Funds Income Fund of America Class R-6 | Global Allocation | 57 | 5.91% | — | — | DMO vs RIDGX |
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