DMA vs. PALDX
DMA (Dimensional Managed Account Fund) and PALDX (PGIM 60/40 Allocation Fund) are both Diversified Portfolio funds. Over the past 3 years, DMA returned 22.10%/yr vs 16.29%/yr for PALDX. At a 0.30 correlation, their price movements are largely independent. DMA charges 0.03%/yr vs 0.03%/yr for PALDX.
Performance
DMA vs. PALDX - 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 PALDX's 7.25% return.
DMA
- 1D
- -0.64%
- 1M
- 5.07%
- YTD
- -10.88%
- 6M
- -11.28%
- 1Y
- -1.92%
- 3Y*
- 22.10%
- 5Y*
- —
- 10Y*
- —
PALDX
- 1D
- -0.13%
- 1M
- 0.80%
- YTD
- 7.25%
- 6M
- 6.72%
- 1Y
- 19.39%
- 3Y*
- 16.29%
- 5Y*
- 9.30%
- 10Y*
- —
DMA vs. PALDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DMA Dimensional Managed Account Fund | -10.88% | 16.89% | 41.06% | -3.81% | -37.55% |
PALDX PGIM 60/40 Allocation Fund | 7.25% | 13.62% | 18.96% | 18.90% | -15.20% |
Correlation
The correlation between DMA and PALDX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022 | 0.30 |
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Return for Risk
DMA vs. PALDX — Risk / Return Rank
DMA
PALDX
DMA vs. PALDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Managed Account Fund (DMA) and PGIM 60/40 Allocation Fund (PALDX). 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 | PALDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.46 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 3.39 | -3.49 |
| Martin ratioReturn relative to average drawdown | -0.29 | 15.68 | -15.97 |
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Drawdowns
DMA vs. PALDX - Drawdown Comparison
The maximum DMA drawdown since its inception was -53.24%, which is greater than PALDX's maximum drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for DMA and PALDX.
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Drawdown Indicators
| DMA | PALDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.24% | -26.16% | -27.08% |
Max Drawdown (1Y)Largest decline over 1 year | -18.34% | -5.96% | -12.38% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -16.06% | -2.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.47% | — |
Current DrawdownCurrent decline from peak | -12.47% | -0.59% | -11.88% |
Average DrawdownAverage peak-to-trough decline | -25.67% | -4.07% | -21.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 1.29% | +5.27% |
Volatility
DMA vs. PALDX - Volatility Comparison
Dimensional Managed Account Fund (DMA) has a higher volatility of 8.23% compared to PGIM 60/40 Allocation Fund (PALDX) at 3.21%. This indicates that DMA's price experiences larger fluctuations and is considered to be riskier than PALDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMA | PALDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 3.21% | +5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 6.74% | +6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 8.35% | +6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.24% | 12.17% | +15.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.24% | 12.69% | +14.55% |
DMA vs. PALDX - Expense Ratio Comparison
DMA has a 0.03% expense ratio, which is higher than PALDX'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
DMA vs. PALDX - Dividend Comparison
DMA's dividend yield for the trailing twelve months is around 16.60%, more than PALDX's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PALDX PGIM 60/40 Allocation Fund | 5.05% | 5.42% | 10.40% | 2.94% | 6.19% | 6.87% | 2.58% | 4.58% | 3.65% | 1.48% |
Frequently Asked Questions
DMA and PALDX have a correlation of 0.32, 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 PALDX (3.21%). In terms of maximum drawdown, DMA dropped -53.24% vs PALDX's -26.16%.
PALDX currently has the higher Sharpe Ratio (2.42 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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