DMA vs. FSRKX
DMA (Dimensional Managed Account Fund) and FSRKX (Fidelity Strategic Real Return Fund Class K6) are both Diversified Portfolio funds. Over the past 3 years, DMA returned 22.10%/yr vs 9.47%/yr for FSRKX. At a 0.22 correlation, their price movements are largely independent. DMA charges 0.03%/yr vs 0.51%/yr for FSRKX.
Performance
DMA vs. FSRKX - Performance Comparison
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Returns By Period
In the year-to-date period, DMA achieves a -10.88% return, which is significantly lower than FSRKX's 6.65% return.
DMA
- 1D
- -0.64%
- 1M
- 5.07%
- YTD
- -10.88%
- 6M
- -11.28%
- 1Y
- -1.92%
- 3Y*
- 22.10%
- 5Y*
- —
- 10Y*
- —
FSRKX
- 1D
- -0.11%
- 1M
- -1.77%
- YTD
- 6.65%
- 6M
- 6.42%
- 1Y
- 12.95%
- 3Y*
- 9.47%
- 5Y*
- 6.12%
- 10Y*
- —
DMA vs. FSRKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DMA Dimensional Managed Account Fund | -10.88% | 16.89% | 41.06% | -3.81% | -37.55% |
FSRKX Fidelity Strategic Real Return Fund Class K6 | 6.65% | 10.59% | 6.00% | 4.81% | -3.44% |
Correlation
The correlation between DMA and FSRKX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022 | 0.22 |
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Return for Risk
DMA vs. FSRKX — Risk / Return Rank
DMA
FSRKX
DMA vs. FSRKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Managed Account Fund (DMA) and Fidelity Strategic Real Return Fund Class K6 (FSRKX). 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.
| DMA | FSRKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.76 | ||
| Sortino ratioReturn per unit of downside risk | -3.73 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.51 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 4.78 | -4.89 |
| Martin ratioReturn relative to average drawdown | -0.29 | 19.34 | -19.63 |
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Drawdowns
DMA vs. FSRKX - Drawdown Comparison
The maximum DMA drawdown since its inception was -53.24%, which is greater than FSRKX's maximum drawdown of -19.93%. Use the drawdown chart below to compare losses from any high point for DMA and FSRKX.
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Drawdown Indicators
| DMA | FSRKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.24% | -19.93% | -33.31% |
Max Drawdown (1Y)Largest decline over 1 year | -18.34% | -2.68% | -15.66% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -5.84% | -12.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.74% | — |
Current DrawdownCurrent decline from peak | -12.47% | -2.68% | -9.79% |
Average DrawdownAverage peak-to-trough decline | -25.67% | -3.20% | -22.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 0.66% | +5.90% |
Volatility
DMA vs. FSRKX - Volatility Comparison
Dimensional Managed Account Fund (DMA) has a higher volatility of 8.23% compared to Fidelity Strategic Real Return Fund Class K6 (FSRKX) at 1.32%. This indicates that DMA's price experiences larger fluctuations and is considered to be riskier than FSRKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMA | FSRKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 1.32% | +6.91% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 3.75% | +9.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 4.88% | +10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.24% | 6.93% | +20.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.24% | 7.78% | +19.46% |
DMA vs. FSRKX - Expense Ratio Comparison
DMA has a 0.03% expense ratio, which is lower than FSRKX's 0.51% expense ratio.
Dividends
DMA vs. FSRKX - Dividend Comparison
DMA's dividend yield for the trailing twelve months is around 16.60%, more than FSRKX's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DMA Dimensional Managed Account Fund | 16.60% | 9.42% | 3.83% | 5.22% | 10.14% | 0.00% | 0.00% | 0.00% |
FSRKX Fidelity Strategic Real Return Fund Class K6 | 4.34% | 4.83% | 4.98% | 5.38% | 7.38% | 5.43% | 2.31% | 1.16% |
Frequently Asked Questions
DMA and FSRKX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DMA has higher volatility (8.23%) compared to FSRKX (1.32%). In terms of maximum drawdown, DMA dropped -53.24% vs FSRKX's -19.93%.
FSRKX currently has the higher Sharpe Ratio (2.63 vs -0.13), 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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