DHF vs. DMB
DHF (Dimensional High Yield Fund) and DMB (Dimensional Multi-Blend Fund) are both mutual funds - DHF is a High Yield Bonds fund managed by Dimensional, while DMB is a Large Cap Blend Equities fund managed by Dimensional. Over the past 10 years, DHF returned 5.12%/yr vs 1.59%/yr for DMB. Their 0.20 correlation means their historical movements had little consistent relationship. DHF charges 0.04%/yr vs 0.03%/yr for DMB.
Performance
DHF vs. DMB - Performance Comparison
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Returns By Period
In the year-to-date period, DHF achieves a -1.04% return, which is significantly higher than DMB's -1.46% return. Over the past 10 years, DHF has outperformed DMB with an annualized return of 5.12%, while DMB has yielded a comparatively lower 1.59% annualized return.
DHF
- 1D
- 0.43%
- 1M
- -2.18%
- 6M
- -3.76%
- YTD
- -1.04%
- 1Y
- -0.51%
- 3Y*
- 10.31%
- 5Y*
- 0.44%
- 10Y*
- 5.12%
- ALL TIME*
- 2.91%
DMB
- 1D
- -0.47%
- 1M
- -4.45%
- 6M
- -3.07%
- YTD
- -1.46%
- 1Y
- 10.24%
- 3Y*
- 0.71%
- 5Y*
- -3.00%
- 10Y*
- 1.59%
- ALL TIME*
- 2.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $832.38K | $682.80K | $613.20K | |
| $551.04K | $643.10K | $567.43K |
DHF vs. DMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHF Dimensional High Yield Fund | -1.04% | 5.67% | 21.12% | 15.00% | -22.70% | 10.35% | 6.46% | 24.68% | -11.11% | 8.43% |
DMB Dimensional Multi-Blend Fund | -1.46% | 10.69% | 3.87% | 2.42% | -23.23% | 7.04% | 0.75% | 28.84% | -3.89% | 11.52% |
Correlation
The correlation between DHF and DMB is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2013 | 0.20 |
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Return for Risk
DHF vs. DMB — Risk / Return Rank
DHF
DMB
DHF vs. DMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional High Yield Fund (DHF) and Dimensional Multi-Blend Fund (DMB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DHF | DMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.22 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.33 | -1.34 |
| Martin ratioReturn relative to average drawdown | -0.03 | 4.82 | -4.86 |
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Drawdowns
DHF vs. DMB - Drawdown Comparison
The maximum DHF drawdown since its inception was -71.32%, which is greater than DMB's maximum drawdown of -40.15%. Use the drawdown chart below to compare losses from any high point for DHF and DMB.
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Drawdown Indicators
| DHF | DMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.32% | -40.15% | -31.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -8.00% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -11.81% | -18.13% | +6.32% |
Max Drawdown (5Y)Largest decline over 5 years | -34.99% | -40.15% | +5.16% |
Max Drawdown (10Y)Largest decline over 10 years | -42.94% | -40.15% | -2.79% |
Current DrawdownCurrent decline from peak | -5.16% | -21.76% | +16.60% |
Average DrawdownAverage peak-to-trough decline | -22.91% | -14.34% | -8.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.20% | +1.18% |
Volatility
DHF vs. DMB - Volatility Comparison
Dimensional High Yield Fund (DHF) has a higher volatility of 2.90% compared to Dimensional Multi-Blend Fund (DMB) at 2.27%. This indicates that DHF's price experiences larger fluctuations and is considered to be riskier than DMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHF | DMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.27% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 6.97% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 9.16% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 14.61% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 15.12% | +2.60% |
DHF vs. DMB - Expense Ratio Comparison
DHF has a 0.04% expense ratio, which is higher than DMB's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DHF vs. DMB - Dividend Comparison
DHF's dividend yield for the trailing twelve months is around 8.94%, more than DMB's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHF Dimensional High Yield Fund | 8.94% | 8.47% | 8.14% | 7.86% | 10.12% | 8.24% | 8.60% | 8.52% | 10.41% | 8.98% | 9.76% | 11.30% |
DMB Dimensional Multi-Blend Fund | 4.90% | 3.93% | 3.48% | 4.46% | 5.80% | 4.42% | 4.54% | 4.36% | 5.36% | 4.89% | 5.97% | 6.06% |
Frequently Asked Questions
DHF and DMB have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHF has higher volatility (2.90%) compared to DMB (2.27%). In terms of maximum drawdown, DHF dropped -71.32% vs DMB's -40.15%.
DMB currently has the higher Sharpe Ratio (1.16 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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