DMB vs. DMO
DMB (Dimensional Multi-Blend Fund) and DMO (Dimensional Multi-Asset Fund) are both mutual funds - DMB is a Large Cap Blend Equities fund managed by Dimensional, while DMO is a Global Allocation fund managed by Dimensional. Over the past 10 years, DMB returned 1.59%/yr vs 3.75%/yr for DMO. Their 0.18 correlation means their historical movements had little consistent relationship. DMB charges 0.03%/yr vs 0.04%/yr for DMO.
Performance
DMB vs. DMO - Performance Comparison
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Returns By Period
In the year-to-date period, DMB achieves a -1.46% return, which is significantly lower than DMO's 0.98% return. Over the past 10 years, DMB has underperformed DMO with an annualized return of 1.59%, while DMO has yielded a comparatively higher 3.75% annualized return.
DMB
- 1D
- -0.47%
- 1M
- -4.45%
- 6M
- -3.07%
- YTD
- -1.46%
- 1Y
- 10.24%
- 3Y*
- 0.71%
- 5Y*
- -3.00%
- 10Y*
- 1.59%
- ALL TIME*
- 2.28%
DMO
- 1D
- -0.10%
- 1M
- -2.44%
- 6M
- 0.79%
- YTD
- 0.98%
- 1Y
- -0.66%
- 3Y*
- 11.17%
- 5Y*
- 4.03%
- 10Y*
- 3.75%
- ALL TIME*
- 8.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $551.04K | $643.10K | $567.43K | |
| $406.77K | $422.33K | $418.75K |
DMB vs. DMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DMB Dimensional Multi-Blend Fund | -1.46% | 10.69% | 3.87% | 2.42% | -23.23% | 7.04% | 0.75% | 28.84% | -3.89% | 11.52% |
DMO Dimensional Multi-Asset Fund | 0.98% | 6.95% | 20.24% | 16.79% | -21.64% | 17.12% | -22.32% | 9.10% | -2.04% | 23.46% |
Correlation
The correlation between DMB and DMO is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2013 | 0.18 |
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Return for Risk
DMB vs. DMO — Risk / Return Rank
DMB
DMO
DMB vs. DMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Multi-Blend Fund (DMB) and Dimensional Multi-Asset Fund (DMO). 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 | DMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.00 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | -0.05 | +1.38 |
| Martin ratioReturn relative to average drawdown | 4.82 | -0.12 | +4.95 |
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Drawdowns
DMB vs. DMO - Drawdown Comparison
The maximum DMB drawdown since its inception was -40.15%, smaller than the maximum DMO drawdown of -49.16%. Use the drawdown chart below to compare losses from any high point for DMB and DMO.
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Drawdown Indicators
| DMB | DMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.15% | -49.16% | +9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -8.37% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.13% | -9.04% | -9.09% |
Max Drawdown (5Y)Largest decline over 5 years | -40.15% | -29.04% | -11.11% |
Max Drawdown (10Y)Largest decline over 10 years | -40.15% | -49.16% | +9.01% |
Current DrawdownCurrent decline from peak | -21.76% | -5.13% | -16.63% |
Average DrawdownAverage peak-to-trough decline | -14.34% | -9.55% | -4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 3.58% | -1.38% |
Volatility
DMB vs. DMO - Volatility Comparison
Dimensional Multi-Blend Fund (DMB) has a higher volatility of 2.27% compared to Dimensional Multi-Asset Fund (DMO) at 1.47%. This indicates that DMB's price experiences larger fluctuations and is considered to be riskier than DMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMB | DMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 1.47% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.97% | 7.76% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.16% | 10.06% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 12.64% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 19.91% | -4.79% |
DMB vs. DMO - Expense Ratio Comparison
DMB has a 0.03% expense ratio, which is lower than DMO's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DMB vs. DMO - Dividend Comparison
DMB's dividend yield for the trailing twelve months is around 4.90%, less than DMO's 14.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMB Dimensional Multi-Blend Fund | 4.90% | 3.93% | 3.48% | 4.46% | 5.80% | 4.42% | 4.54% | 4.36% | 5.36% | 4.89% | 5.97% | 6.06% |
DMO Dimensional Multi-Asset Fund | 14.31% | 14.01% | 12.92% | 11.46% | 11.51% | 8.88% | 10.95% | 9.63% | 18.93% | 13.30% | 13.19% | 14.09% |
Frequently Asked Questions
DMB and DMO 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.
DMB has higher volatility (2.27%) compared to DMO (1.47%). In terms of maximum drawdown, DMB dropped -40.15% vs DMO's -49.16%.
DMB currently has the higher Sharpe Ratio (1.16 vs -0.04), 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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