DMA vs. TIBIX
DMA (Dimensional Managed Account Fund) and TIBIX (Thornburg Investment Income Builder Fund Class I) are both Diversified Portfolio funds. Over the past 3 years, DMA returned 22.10%/yr vs 26.31%/yr for TIBIX. At a 0.26 correlation, their price movements are largely independent. DMA charges 0.03%/yr vs 0.93%/yr for TIBIX.
Performance
DMA vs. TIBIX - 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 TIBIX's 17.52% return.
DMA
- 1D
- -0.64%
- 1M
- 5.07%
- YTD
- -10.88%
- 6M
- -11.28%
- 1Y
- -1.92%
- 3Y*
- 22.10%
- 5Y*
- —
- 10Y*
- —
TIBIX
- 1D
- -0.13%
- 1M
- 0.56%
- YTD
- 17.52%
- 6M
- 18.31%
- 1Y
- 37.30%
- 3Y*
- 26.31%
- 5Y*
- 16.53%
- 10Y*
- 12.98%
DMA vs. TIBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DMA Dimensional Managed Account Fund | -10.88% | 16.89% | 41.06% | -3.81% | -37.55% |
TIBIX Thornburg Investment Income Builder Fund Class I | 17.52% | 37.01% | 13.48% | 18.28% | -9.85% |
Correlation
The correlation between DMA and TIBIX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
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. TIBIX — Risk / Return Rank
DMA
TIBIX
DMA vs. TIBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Managed Account Fund (DMA) and Thornburg Investment Income Builder Fund Class I (TIBIX). 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 | TIBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.40 | ||
| Sortino ratioReturn per unit of downside risk | -6.14 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.85 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 6.97 | -7.08 |
| Martin ratioReturn relative to average drawdown | -0.29 | 26.66 | -26.95 |
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Drawdowns
DMA vs. TIBIX - Drawdown Comparison
The maximum DMA drawdown since its inception was -53.24%, which is greater than TIBIX's maximum drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for DMA and TIBIX.
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Drawdown Indicators
| DMA | TIBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.24% | -48.88% | -4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -18.34% | -5.39% | -12.95% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -9.23% | -9.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.85% | — |
Current DrawdownCurrent decline from peak | -12.47% | -0.37% | -12.10% |
Average DrawdownAverage peak-to-trough decline | -25.67% | -5.95% | -19.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 1.41% | +5.15% |
Volatility
DMA vs. TIBIX - Volatility Comparison
Dimensional Managed Account Fund (DMA) has a higher volatility of 8.23% compared to Thornburg Investment Income Builder Fund Class I (TIBIX) at 2.88%. This indicates that DMA's price experiences larger fluctuations and is considered to be riskier than TIBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMA | TIBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 2.88% | +5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 7.33% | +6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 8.80% | +6.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.24% | 11.19% | +16.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.24% | 13.50% | +13.74% |
DMA vs. TIBIX - Expense Ratio Comparison
DMA has a 0.03% expense ratio, which is lower than TIBIX's 0.93% expense ratio.
Dividends
DMA vs. TIBIX - Dividend Comparison
DMA's dividend yield for the trailing twelve months is around 16.60%, more than TIBIX's 5.12% 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% |
TIBIX Thornburg Investment Income Builder Fund Class I | 5.12% | 5.83% | 5.67% | 4.89% | 5.89% | 5.33% | 4.31% | 4.46% | 4.77% | 4.52% | 4.14% | 4.66% |
Frequently Asked Questions
DMA and TIBIX have a correlation of 0.19, 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 TIBIX (2.88%). In terms of maximum drawdown, DMA dropped -53.24% vs TIBIX's -48.88%.
TIBIX currently has the higher Sharpe Ratio (4.28 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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