DMA vs. GRSPX
DMA (Dimensional Managed Account Fund) and GRSPX (Greenspring Fund) are both Diversified Portfolio funds. Over the past 3 years, DMA returned 22.10%/yr vs 17.80%/yr for GRSPX. At a 0.26 correlation, their price movements are largely independent. DMA charges 0.03%/yr vs 1.09%/yr for GRSPX.
Performance
DMA vs. GRSPX - 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 GRSPX's 21.91% return.
DMA
- 1D
- -0.64%
- 1M
- 5.07%
- YTD
- -10.88%
- 6M
- -11.28%
- 1Y
- -1.92%
- 3Y*
- 22.10%
- 5Y*
- —
- 10Y*
- —
GRSPX
- 1D
- 1.02%
- 1M
- 2.26%
- YTD
- 21.91%
- 6M
- 20.47%
- 1Y
- 27.00%
- 3Y*
- 17.80%
- 5Y*
- 10.78%
- 10Y*
- 10.53%
DMA vs. GRSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DMA Dimensional Managed Account Fund | -10.88% | 16.89% | 41.06% | -3.81% | -37.55% |
GRSPX Greenspring Fund | 21.91% | 6.12% | 16.03% | 11.95% | -7.64% |
Correlation
The correlation between DMA and GRSPX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022 | 0.26 |
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Return for Risk
DMA vs. GRSPX — Risk / Return Rank
DMA
GRSPX
DMA vs. GRSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Managed Account Fund (DMA) and Greenspring Fund (GRSPX). 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 | GRSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.35 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 1.00 | -1.11 |
| Martin ratioReturn relative to average drawdown | -0.29 | 9.46 | -9.76 |
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Drawdowns
DMA vs. GRSPX - Drawdown Comparison
The maximum DMA drawdown since its inception was -53.24%, which is greater than GRSPX's maximum drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for DMA and GRSPX.
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Drawdown Indicators
| DMA | GRSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.24% | -35.67% | -17.57% |
Max Drawdown (1Y)Largest decline over 1 year | -18.34% | -30.41% | +12.07% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -30.41% | +12.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.07% | — |
Current DrawdownCurrent decline from peak | -12.47% | -0.23% | -12.24% |
Average DrawdownAverage peak-to-trough decline | -25.67% | -4.81% | -20.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 3.09% | +3.47% |
Volatility
DMA vs. GRSPX - Volatility Comparison
The current volatility for Dimensional Managed Account Fund (DMA) is 8.23%, while Greenspring Fund (GRSPX) has a volatility of 50.71%. This indicates that DMA experiences smaller price fluctuations and is considered to be less risky than GRSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMA | GRSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 50.71% | -42.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 50.93% | -37.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 56.53% | -41.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.24% | 28.14% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.24% | 22.52% | +4.72% |
DMA vs. GRSPX - Expense Ratio Comparison
DMA has a 0.03% expense ratio, which is lower than GRSPX's 1.09% expense ratio.
Dividends
DMA vs. GRSPX - Dividend Comparison
DMA's dividend yield for the trailing twelve months is around 16.60%, more than GRSPX's 7.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMA Dimensional Managed Account Fund | 16.60% | 9.42% | 3.83% | 5.22% | 10.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GRSPX Greenspring Fund | 7.71% | 9.40% | 7.14% | 6.84% | 8.04% | 7.69% | 2.39% | 7.89% | 11.05% | 9.63% | 6.81% | 5.34% |
Frequently Asked Questions
DMA and GRSPX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRSPX has higher volatility (50.71%) compared to DMA (8.23%). In terms of maximum drawdown, DMA dropped -53.24% vs GRSPX's -35.67%.
GRSPX currently has the higher Sharpe Ratio (0.54 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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