DMB vs. DMA
DMB (Dimensional Multi-Blend Fund) and DMA (Dimensional Managed Account Fund) are both mutual funds - DMB is a Large Cap Blend Equities fund managed by Dimensional Fund Advisors, while DMA is a Diversified Portfolio fund managed by Dimensional Fund Advisors. Over the past 3 years, DMB returned 5.29%/yr vs 21.76%/yr for DMA. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.03% expense ratio.
Performance
DMB vs. DMA - Performance Comparison
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Returns By Period
In the year-to-date period, DMB achieves a 2.57% return, which is significantly higher than DMA's -11.61% return.
DMB
- 1D
- 0.36%
- 1M
- 2.41%
- YTD
- 2.57%
- 6M
- 4.76%
- 1Y
- 14.49%
- 3Y*
- 5.29%
- 5Y*
- -1.45%
- 10Y*
- 2.01%
DMA
- 1D
- -0.82%
- 1M
- 4.21%
- YTD
- -11.61%
- 6M
- -12.39%
- 1Y
- -2.46%
- 3Y*
- 21.76%
- 5Y*
- —
- 10Y*
- —
DMB vs. DMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DMB Dimensional Multi-Blend Fund | 2.57% | 10.69% | 3.87% | 2.42% | -23.01% |
DMA Dimensional Managed Account Fund | -11.61% | 16.89% | 41.06% | -3.81% | -37.55% |
Correlation
The correlation between DMB and DMA is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022 | 0.18 |
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Return for Risk
DMB vs. DMA — Risk / Return Rank
DMB
DMA
DMB vs. DMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Multi-Blend Fund (DMB) and Dimensional Managed Account Fund (DMA). 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.
| DMB | DMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.98 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.13 | +1.95 |
| Martin ratioReturn relative to average drawdown | 6.54 | -0.37 | +6.92 |
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Drawdowns
DMB vs. DMA - Drawdown Comparison
The maximum DMB drawdown since its inception was -40.15%, smaller than the maximum DMA drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for DMB and DMA.
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Drawdown Indicators
| DMB | DMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.15% | -53.24% | +13.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -18.34% | +10.34% |
Max Drawdown (3Y)Largest decline over 3 years | -22.06% | -18.34% | -3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -40.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.15% | — | — |
Current DrawdownCurrent decline from peak | -18.56% | -13.19% | -5.37% |
Average DrawdownAverage peak-to-trough decline | -14.30% | -25.66% | +11.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 6.62% | -4.40% |
Volatility
DMB vs. DMA - Volatility Comparison
The current volatility for Dimensional Multi-Blend Fund (DMB) is 1.58%, while Dimensional Managed Account Fund (DMA) has a volatility of 8.23%. This indicates that DMB experiences smaller price fluctuations and is considered to be less risky than DMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMB | DMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 8.23% | -6.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 13.46% | -6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.00% | 15.21% | -6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 27.23% | -12.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 27.23% | -12.03% |
DMB vs. DMA - Expense Ratio Comparison
Both DMB and DMA have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
DMB vs. DMA - Dividend Comparison
DMB's dividend yield for the trailing twelve months is around 4.58%, less than DMA's 16.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMA Dimensional Managed Account Fund | 16.74% | 9.42% | 3.83% | 5.22% | 10.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DMB Dimensional Multi-Blend Fund | 4.58% | 3.93% | 3.48% | 4.46% | 5.80% | 4.42% | 4.54% | 4.36% | 5.36% | 4.89% | 5.97% | 6.06% |
Frequently Asked Questions
DMB and DMA have a correlation of 0.21, 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 DMB (1.58%). In terms of maximum drawdown, DMB dropped -40.15% vs DMA's -53.24%.
DMB currently has the higher Sharpe Ratio (1.62 vs -0.16), 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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