DMO vs. DHF
Compare and contrast key facts about Dimensional Multi-Asset Fund (DMO) and Dimensional High Yield Fund (DHF).
DMO is managed by Dimensional Fund Advisors. It was launched on Dec 11, 2009. DHF is managed by Dimensional Fund Advisors. It was launched on Jan 1, 2013.
Performance
DMO vs. DHF - Performance Comparison
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DMO vs. DHF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DMO Dimensional Multi-Asset Fund | 0.42% | 6.95% | 20.24% | 16.79% | -21.64% | 17.12% | -22.32% | 9.10% | -2.04% | 23.46% |
DHF Dimensional High Yield Fund | -1.83% | 5.67% | 21.12% | 15.00% | -22.70% | 10.35% | 6.46% | 24.68% | -11.11% | 8.43% |
Returns By Period
In the year-to-date period, DMO achieves a 0.42% return, which is significantly higher than DHF's -1.83% return. Over the past 10 years, DMO has underperformed DHF with an annualized return of 4.48%, while DHF has yielded a comparatively higher 6.31% annualized return.
DMO
- 1D
- 0.00%
- 1M
- -3.98%
- YTD
- 0.42%
- 6M
- -2.43%
- 1Y
- 3.91%
- 3Y*
- 14.79%
- 5Y*
- 5.49%
- 10Y*
- 4.48%
DHF
- 1D
- -1.64%
- 1M
- -2.11%
- YTD
- -1.83%
- 6M
- -3.74%
- 1Y
- 3.56%
- 3Y*
- 12.38%
- 5Y*
- 3.23%
- 10Y*
- 6.31%
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DMO vs. DHF - Expense Ratio Comparison
Both DMO and DHF have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
DMO vs. DHF — Risk / Return Rank
DMO
DHF
DMO vs. DHF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Multi-Asset Fund (DMO) and Dimensional High Yield Fund (DHF). 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.
| DMO | DHF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 0.24 | +0.08 |
Sortino ratioReturn per unit of downside risk | 0.51 | 0.42 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.06 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.24 | +0.21 |
Martin ratioReturn relative to average drawdown | 1.15 | 0.78 | +0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DMO | DHF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.24 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.21 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.36 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.14 | +0.34 |
Correlation
The correlation between DMO and DHF is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DMO vs. DHF - Dividend Comparison
DMO's dividend yield for the trailing twelve months is around 14.14%, more than DHF's 8.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMO Dimensional Multi-Asset Fund | 14.14% | 14.01% | 12.92% | 11.46% | 11.51% | 8.88% | 10.95% | 9.63% | 18.93% | 13.30% | 13.19% | 14.09% |
DHF Dimensional High Yield Fund | 8.75% | 8.47% | 8.14% | 7.86% | 10.12% | 8.24% | 8.60% | 8.52% | 10.41% | 8.98% | 9.76% | 11.30% |
Drawdowns
DMO vs. DHF - Drawdown Comparison
The maximum DMO drawdown since its inception was -49.16%, smaller than the maximum DHF drawdown of -71.32%. Use the drawdown chart below to compare losses from any high point for DMO and DHF.
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Drawdown Indicators
| DMO | DHF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.16% | -71.32% | +22.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -9.84% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -29.04% | -37.82% | +8.78% |
Max Drawdown (10Y)Largest decline over 10 years | -49.16% | -42.94% | -6.22% |
Current DrawdownCurrent decline from peak | -5.65% | -5.92% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -23.14% | +13.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.01% | +0.24% |
Volatility
DMO vs. DHF - Volatility Comparison
The current volatility for Dimensional Multi-Asset Fund (DMO) is 5.77%, while Dimensional High Yield Fund (DHF) has a volatility of 6.39%. This indicates that DMO experiences smaller price fluctuations and is considered to be less risky than DHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMO | DHF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 6.39% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 9.58% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 14.72% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.88% | 15.73% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.97% | 17.76% | +2.21% |