DMO vs. DFIEX
DMO (Dimensional Multi-Asset Fund) and DFIEX (DFA International Core Equity 2 Portfolio Institutional Class) are both mutual funds - DMO is a Global Allocation fund managed by Dimensional, while DFIEX is a Foreign Large Cap Equities fund managed by Dimensional. Over the past 10 years, DMO returned 3.76%/yr vs 10.16%/yr for DFIEX. Their 0.22 correlation means their historical movements had little consistent relationship. DMO charges 0.04%/yr vs 0.24%/yr for DFIEX.
Performance
DMO vs. DFIEX - Performance Comparison
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Returns By Period
In the year-to-date period, DMO achieves a 1.66% return, which is significantly lower than DFIEX's 12.75% return. Over the past 10 years, DMO has underperformed DFIEX with an annualized return of 3.76%, while DFIEX has yielded a comparatively higher 10.16% annualized return.
DMO
- 1D
- 0.19%
- 1M
- -1.78%
- 6M
- 0.19%
- YTD
- 1.66%
- 1Y
- -0.24%
- 3Y*
- 11.42%
- 5Y*
- 3.64%
- 10Y*
- 3.76%
- ALL TIME*
- 8.28%
DFIEX
- 1D
- 0.58%
- 1M
- 2.31%
- 6M
- 6.06%
- YTD
- 12.75%
- 1Y
- 26.13%
- 3Y*
- 19.08%
- 5Y*
- 10.19%
- 10Y*
- 10.16%
- ALL TIME*
- 7.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $399.37K | $416.73K | $406.81K |
DMO vs. DFIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DMO Dimensional Multi-Asset Fund | 1.66% | 6.95% | 20.24% | 16.79% | -21.64% | 17.12% | -22.32% | 9.10% | -2.04% | 23.46% |
DFIEX DFA International Core Equity 2 Portfolio Institutional Class | 12.75% | 36.18% | 3.99% | 17.50% | -13.51% | 13.85% | 7.73% | 21.70% | -17.41% | 28.04% |
Correlation
The correlation between DMO and DFIEX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2010 | 0.22 |
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Return for Risk
DMO vs. DFIEX — Risk / Return Rank
DMO
DFIEX
DMO vs. DFIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Multi-Asset Fund (DMO) and DFA International Core Equity 2 Portfolio Institutional Class (DFIEX). 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.
| DMO | DFIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.53 | -2.56 |
| Martin ratioReturn relative to average drawdown | -0.07 | 9.87 | -9.94 |
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Drawdowns
DMO vs. DFIEX - Drawdown Comparison
The maximum DMO drawdown since its inception was -49.16%, smaller than the maximum DFIEX drawdown of -62.22%. Use the drawdown chart below to compare losses from any high point for DMO and DFIEX.
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Drawdown Indicators
| DMO | DFIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.16% | -62.22% | +13.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -11.01% | +2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -9.04% | -12.81% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -29.04% | -28.66% | -0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -49.16% | -41.04% | -8.12% |
Current DrawdownCurrent decline from peak | -4.49% | -0.22% | -4.27% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -12.09% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.82% | +0.78% |
Volatility
DMO vs. DFIEX - Volatility Comparison
The current volatility for Dimensional Multi-Asset Fund (DMO) is 1.57%, while DFA International Core Equity 2 Portfolio Institutional Class (DFIEX) has a volatility of 4.06%. This indicates that DMO experiences smaller price fluctuations and is considered to be less risky than DFIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMO | DFIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 4.06% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 12.17% | -4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.06% | 14.49% | -4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.60% | 15.83% | -3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 16.12% | +3.80% |
DMO vs. DFIEX - Expense Ratio Comparison
DMO has a 0.04% expense ratio, which is lower than DFIEX's 0.24% 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
DMO vs. DFIEX - Dividend Comparison
DMO's dividend yield for the trailing twelve months is around 14.22%, more than DFIEX's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIEX DFA International Core Equity 2 Portfolio Institutional Class | 2.94% | 3.22% | 3.42% | 3.36% | 2.88% | 2.98% | 1.77% | 2.90% | 2.95% | 2.49% | 2.76% | 4.20% |
DMO Dimensional Multi-Asset Fund | 14.22% | 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
DMO and DFIEX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFIEX has higher volatility (4.06%) compared to DMO (1.57%). In terms of maximum drawdown, DMO dropped -49.16% vs DFIEX's -62.22%.
DFIEX currently has the higher Sharpe Ratio (1.93 vs -0.02), 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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