DMO vs. TIBAX
DMO (Dimensional Multi-Asset Fund) and TIBAX (Thornburg Investment Income Builder Fund Class A) are both Global Allocation funds. Over the past 10 years, DMO returned 3.76%/yr vs 12.13%/yr for TIBAX. Their 0.21 correlation means their historical movements had little consistent relationship. DMO charges 0.04%/yr vs 1.17%/yr for TIBAX.
Performance
DMO vs. TIBAX - 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 TIBAX's 18.52% return. Over the past 10 years, DMO has underperformed TIBAX with an annualized return of 3.76%, while TIBAX has yielded a comparatively higher 12.13% 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%
TIBAX
- 1D
- -0.39%
- 1M
- 2.61%
- 6M
- 10.12%
- YTD
- 18.52%
- 1Y
- 33.37%
- 3Y*
- 25.49%
- 5Y*
- 16.40%
- 10Y*
- 12.13%
- ALL TIME*
- 10.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $399.37K | $416.73K | $406.81K | |
| $0.00 | $0.00 | $0.00 |
DMO vs. TIBAX - 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% |
TIBAX Thornburg Investment Income Builder Fund Class A | 18.52% | 36.62% | 13.23% | 18.01% | -7.95% | 20.08% | -0.67% | 17.72% | -4.54% | 14.83% |
Correlation
The correlation between DMO and TIBAX is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2010 | 0.21 |
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Return for Risk
DMO vs. TIBAX — Risk / Return Rank
DMO
TIBAX
DMO vs. TIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Multi-Asset Fund (DMO) and Thornburg Investment Income Builder Fund Class A (TIBAX). 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 | TIBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.90 | ||
| Sortino ratioReturn per unit of downside risk | -5.53 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.75 | -0.74 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 6.40 | -6.43 |
| Martin ratioReturn relative to average drawdown | -0.07 | 23.49 | -23.56 |
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Drawdowns
DMO vs. TIBAX - Drawdown Comparison
The maximum DMO drawdown since its inception was -49.16%, roughly equal to the maximum TIBAX drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for DMO and TIBAX.
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Drawdown Indicators
| DMO | TIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.16% | -49.12% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -5.43% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -9.04% | -9.20% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -29.04% | -20.94% | -8.10% |
Max Drawdown (10Y)Largest decline over 10 years | -49.16% | -34.85% | -14.31% |
Current DrawdownCurrent decline from peak | -4.49% | -0.39% | -4.10% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -5.96% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 1.48% | +2.12% |
Volatility
DMO vs. TIBAX - Volatility Comparison
The current volatility for Dimensional Multi-Asset Fund (DMO) is 1.57%, while Thornburg Investment Income Builder Fund Class A (TIBAX) has a volatility of 2.26%. This indicates that DMO experiences smaller price fluctuations and is considered to be less risky than TIBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMO | TIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 2.26% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 7.29% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.06% | 8.99% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.60% | 11.12% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 13.38% | +6.54% |
DMO vs. TIBAX - Expense Ratio Comparison
DMO has a 0.04% expense ratio, which is lower than TIBAX's 1.17% expense ratio.
Dividends
DMO vs. TIBAX - Dividend Comparison
DMO's dividend yield for the trailing twelve months is around 14.22%, more than TIBAX's 4.89% 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% |
TIBAX Thornburg Investment Income Builder Fund Class A | 4.89% | 5.64% | 5.44% | 4.67% | 5.62% | 5.10% | 4.11% | 4.23% | 4.49% | 4.22% | 3.83% | 4.31% |
Frequently Asked Questions
DMO and TIBAX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIBAX has higher volatility (2.26%) compared to DMO (1.57%). In terms of maximum drawdown, DMO dropped -49.16% vs TIBAX's -49.12%.
TIBAX currently has the higher Sharpe Ratio (3.88 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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