DMO vs. DFUSX

Last updated Aug 5, 2026

DMO (Dimensional Multi-Asset Fund) and DFUSX (DFA U.S. Large Company Portfolio) are both mutual funds - DMO is a Global Allocation fund managed by Dimensional, while DFUSX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 10 years, DMO returned 3.76%/yr vs 15.04%/yr for DFUSX. Their 0.22 correlation means their historical movements had little consistent relationship. DMO charges 0.04%/yr vs 0.08%/yr for DFUSX.

Performance

DMO vs. DFUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Multi-Asset Fund (DMO) and DFA U.S. Large Company Portfolio (DFUSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DMO achieves a 1.66% return, which is significantly lower than DFUSX's 11.76% return. Over the past 10 years, DMO has underperformed DFUSX with an annualized return of 3.76%, while DFUSX has yielded a comparatively higher 15.04% 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%

DFUSX

• 1D: 1.47%
• 1M: 1.61%
• 6M: 10.49%
• YTD: 11.76%
• 1Y: 21.42%
• 3Y*: 20.82%
• 5Y*: 13.08%
• 10Y*: 15.04%
• ALL TIME*: 8.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFUSX DFA U.S. Large Company Portfolio	$0.00	$0.00	$0.00
DMO Dimensional Multi-Asset Fund	$399.37K	$416.73K	$406.81K

DMO vs. DFUSX - 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%
DFUSX DFA U.S. Large Company Portfolio	11.76%	17.76%	24.91%	26.28%	-18.14%	28.53%	18.41%	32.08%	-4.45%	21.04%

Correlation

The correlation between DMO and DFUSX is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.25
Correlation (3Y) Balances recent behavior with more history.	0.23
Correlation (5Y) Shows whether the relationship held over a longer period.	0.26
Correlation (10Y) Provides a long-term view across more market conditions.	0.24
Correlation (All Time) Calculated using the full available price history since Feb 24, 2010	0.22

Return for Risk

DMO vs. DFUSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DMO

DMO Risk / Return Rank: 3
DMO Sharpe Ratio Rank: 3
DMO Sortino Ratio Rank: 3
DMO Omega Ratio Rank: 3
DMO Calmar Ratio Rank: 3
DMO Martin Ratio Rank: 3

DFUSX

DFUSX Risk / Return Rank: 77
DFUSX Sharpe Ratio Rank: 77
DFUSX Sortino Ratio Rank: 74
DFUSX Omega Ratio Rank: 71
DFUSX Calmar Ratio Rank: 77
DFUSX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DMO vs. DFUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Multi-Asset Fund (DMO) and DFA U.S. Large Company Portfolio (DFUSX). 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	DFUSX	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	1.87	-1.90
Sortino ratio: Return per unit of downside risk	0.04	2.61	-2.58
Omega ratio: Gain probability vs. loss probability	1.00	1.33	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.03	2.65	-2.68
Martin ratio: Return relative to average drawdown	-0.07	11.39	-11.45

DMO vs. DFUSX - Sharpe Ratio Comparison

The current DMO Sharpe Ratio is -0.02, which is lower than the DFUSX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of DMO and DFUSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DMO vs. DFUSX - Drawdown Comparison

The maximum DMO drawdown since its inception was -49.16%, smaller than the maximum DFUSX drawdown of -54.96%. Use the drawdown chart below to compare losses from any high point for DMO and DFUSX.

Drawdown Indicators

	DMO	DFUSX	Difference
Max Drawdown Largest peak-to-trough decline	-49.16%	-54.96%	+5.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.37%	-8.88%	+0.51%
Max Drawdown (3Y) Largest decline over 3 years	-9.04%	-18.76%	+9.72%
Max Drawdown (5Y) Largest decline over 5 years	-29.04%	-24.58%	-4.46%
Max Drawdown (10Y) Largest decline over 10 years	-49.16%	-33.79%	-15.37%
Current Drawdown Current decline from peak	-4.49%	0.00%	-4.49%
Average Drawdown Average peak-to-trough decline	-9.54%	-10.54%	+1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	2.06%	+1.54%

Volatility

DMO vs. DFUSX - Volatility Comparison

The current volatility for Dimensional Multi-Asset Fund (DMO) is 1.57%, while DFA U.S. Large Company Portfolio (DFUSX) has a volatility of 3.81%. This indicates that DMO experiences smaller price fluctuations and is considered to be less risky than DFUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMO	DFUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	3.81%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	10.22%	-2.45%
Volatility (1Y) Calculated over the trailing 1-year period	10.06%	12.59%	-2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.60%	17.00%	-4.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	18.08%	+1.84%

DMO vs. DFUSX - Expense Ratio Comparison

DMO has a 0.04% expense ratio, which is lower than DFUSX's 0.08% 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. DFUSX - Dividend Comparison

DMO's dividend yield for the trailing twelve months is around 14.22%, more than DFUSX's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFUSX DFA U.S. Large Company Portfolio	0.97%	1.04%	1.24%	4.17%	6.24%	6.57%	3.82%	2.74%	2.64%	1.56%	1.95%	2.87%
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

Can I hold both DMO and DFUSX in my portfolio?

DMO and DFUSX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DMO or DFUSX?

DFUSX has higher volatility (3.81%) compared to DMO (1.57%). In terms of maximum drawdown, DMO dropped -49.16% vs DFUSX's -54.96%.

Which has better risk-adjusted returns?

DFUSX currently has the higher Sharpe Ratio (1.87 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.