DMO vs. PFADX

Last updated Aug 5, 2026

DMO (Dimensional Multi-Asset Fund) and PFADX (PFG BNY Mellon Diversifier Strategy Fund) are both Global Allocation funds. Over the past 5 years, DMO returned 3.64%/yr vs 1.23%/yr for PFADX. Their 0.25 correlation means their historical movements had little consistent relationship. DMO charges 0.04%/yr vs 2.05%/yr for PFADX.

Performance

DMO vs. PFADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Multi-Asset Fund (DMO) and PFG BNY Mellon Diversifier Strategy Fund (PFADX). 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 PFADX's 2.56% 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%

PFADX

• 1D: 0.20%
• 1M: 0.00%
• 6M: 0.30%
• YTD: 2.56%
• 1Y: 6.06%
• 3Y*: 5.20%
• 5Y*: 1.23%
• 10Y*: —
• ALL TIME*: 2.16%

*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)
DMO Dimensional Multi-Asset Fund	$399.37K	$416.73K	$406.81K
PFADX PFG BNY Mellon Diversifier Strategy Fund	$0.00	$0.00	$0.00

DMO vs. PFADX - 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%	5.69%
PFADX PFG BNY Mellon Diversifier Strategy Fund	2.56%	7.07%	2.13%	3.69%	-9.50%	3.85%	7.25%	8.16%	-5.20%	0.00%

Correlation

The correlation between DMO and PFADX is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (3Y) Balances recent behavior with more history.	0.28
Correlation (5Y) Shows whether the relationship held over a longer period.	0.28
Correlation (All Time) Calculated using the full available price history since Dec 27, 2017	0.25

Return for Risk

DMO vs. PFADX — 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

PFADX

PFADX Risk / Return Rank: 41
PFADX Sharpe Ratio Rank: 46
PFADX Sortino Ratio Rank: 44
PFADX Omega Ratio Rank: 45
PFADX Calmar Ratio Rank: 39
PFADX Martin Ratio Rank: 32

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. PFADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Multi-Asset Fund (DMO) and PFG BNY Mellon Diversifier Strategy Fund (PFADX). 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	PFADX	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	1.48	-1.50
Sortino ratio: Return per unit of downside risk	0.04	2.08	-2.04
Omega ratio: Gain probability vs. loss probability	1.00	1.27	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.03	1.80	-1.83
Martin ratio: Return relative to average drawdown	-0.07	5.16	-5.23

DMO vs. PFADX - Sharpe Ratio Comparison

The current DMO Sharpe Ratio is -0.02, which is lower than the PFADX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of DMO and PFADX, 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. PFADX - Drawdown Comparison

The maximum DMO drawdown since its inception was -49.16%, which is greater than PFADX's maximum drawdown of -16.64%. Use the drawdown chart below to compare losses from any high point for DMO and PFADX.

Drawdown Indicators

	DMO	PFADX	Difference
Max Drawdown Largest peak-to-trough decline	-49.16%	-16.64%	-32.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.37%	-3.63%	-4.74%
Max Drawdown (3Y) Largest decline over 3 years	-9.04%	-6.38%	-2.66%
Max Drawdown (5Y) Largest decline over 5 years	-29.04%	-16.64%	-12.40%
Max Drawdown (10Y) Largest decline over 10 years	-49.16%	—	—
Current Drawdown Current decline from peak	-4.49%	-1.77%	-2.72%
Average Drawdown Average peak-to-trough decline	-9.54%	-5.23%	-4.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	1.26%	+2.34%

Volatility

DMO vs. PFADX - Volatility Comparison

Dimensional Multi-Asset Fund (DMO) has a higher volatility of 1.57% compared to PFG BNY Mellon Diversifier Strategy Fund (PFADX) at 1.07%. This indicates that DMO's price experiences larger fluctuations and is considered to be riskier than PFADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMO	PFADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	1.07%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	3.59%	+4.18%
Volatility (1Y) Calculated over the trailing 1-year period	10.06%	4.43%	+5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.60%	5.88%	+6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	5.52%	+14.40%

DMO vs. PFADX - Expense Ratio Comparison

DMO has a 0.04% expense ratio, which is lower than PFADX's 2.05% expense ratio.

Dividends

DMO vs. PFADX - Dividend Comparison

DMO's dividend yield for the trailing twelve months is around 14.22%, more than PFADX's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PFADX PFG BNY Mellon Diversifier Strategy Fund	2.40%	2.46%	2.89%	1.04%	5.33%	3.46%	0.08%	1.51%	0.91%	0.52%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DMO and PFADX in my portfolio?

DMO and PFADX have a correlation of 0.29, 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 PFADX?

DMO has higher volatility (1.57%) compared to PFADX (1.07%). In terms of maximum drawdown, DMO dropped -49.16% vs PFADX's -16.64%.

Which has better risk-adjusted returns?

PFADX currently has the higher Sharpe Ratio (1.48 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.