DMA vs. PMFKX
DMA (Dimensional Managed Account Fund) and PMFKX (Victory Pioneer Multi-Asset Income Class R-6) are both Diversified Portfolio funds. Over the past 3 years, DMA returned 22.10%/yr vs 13.40%/yr for PMFKX. At a 0.24 correlation, their price movements are largely independent. DMA charges 0.03%/yr vs 0.55%/yr for PMFKX.
Performance
DMA vs. PMFKX - 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 PMFKX's 4.57% return.
DMA
- 1D
- -0.64%
- 1M
- 5.07%
- YTD
- -10.88%
- 6M
- -11.28%
- 1Y
- -1.92%
- 3Y*
- 22.10%
- 5Y*
- —
- 10Y*
- —
PMFKX
- 1D
- -0.29%
- 1M
- 0.13%
- YTD
- 4.57%
- 6M
- 5.01%
- 1Y
- 14.61%
- 3Y*
- 13.40%
- 5Y*
- 8.07%
- 10Y*
- 9.17%
DMA vs. PMFKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DMA Dimensional Managed Account Fund | -10.88% | 16.89% | 41.06% | -3.81% | -37.55% |
PMFKX Victory Pioneer Multi-Asset Income Class R-6 | 4.57% | 23.37% | 6.39% | 6.97% | -3.95% |
Correlation
The correlation between DMA and PMFKX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
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 | 0.24 |
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Return for Risk
DMA vs. PMFKX — Risk / Return Rank
DMA
PMFKX
DMA vs. PMFKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Managed Account Fund (DMA) and Victory Pioneer Multi-Asset Income Class R-6 (PMFKX). 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 | PMFKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.91 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.47 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 3.78 | -3.88 |
| Martin ratioReturn relative to average drawdown | -0.29 | 12.94 | -13.23 |
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Drawdowns
DMA vs. PMFKX - Drawdown Comparison
The maximum DMA drawdown since its inception was -53.24%, which is greater than PMFKX's maximum drawdown of -24.13%. Use the drawdown chart below to compare losses from any high point for DMA and PMFKX.
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Drawdown Indicators
| DMA | PMFKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.24% | -24.13% | -29.11% |
Max Drawdown (1Y)Largest decline over 1 year | -18.34% | -3.88% | -14.46% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -7.97% | -10.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.13% | — |
Current DrawdownCurrent decline from peak | -12.47% | -1.37% | -11.10% |
Average DrawdownAverage peak-to-trough decline | -25.67% | -2.71% | -22.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 1.13% | +5.43% |
Volatility
DMA vs. PMFKX - Volatility Comparison
Dimensional Managed Account Fund (DMA) has a higher volatility of 8.23% compared to Victory Pioneer Multi-Asset Income Class R-6 (PMFKX) at 2.22%. This indicates that DMA's price experiences larger fluctuations and is considered to be riskier than PMFKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMA | PMFKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 2.22% | +6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 4.63% | +8.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 5.83% | +9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.24% | 7.25% | +19.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.24% | 7.57% | +19.67% |
DMA vs. PMFKX - Expense Ratio Comparison
DMA has a 0.03% expense ratio, which is lower than PMFKX's 0.55% expense ratio.
Dividends
DMA vs. PMFKX - Dividend Comparison
DMA's dividend yield for the trailing twelve months is around 16.60%, more than PMFKX's 6.45% 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% |
PMFKX Victory Pioneer Multi-Asset Income Class R-6 | 6.45% | 6.54% | 5.52% | 4.87% | 4.77% | 5.75% | 5.64% | 6.05% | 6.13% | 6.88% | 5.74% | 6.20% |
Frequently Asked Questions
DMA and PMFKX have a correlation of 0.23, 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 PMFKX (2.22%). In terms of maximum drawdown, DMA dropped -53.24% vs PMFKX's -24.13%.
PMFKX currently has the higher Sharpe Ratio (2.52 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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