HRNOX vs. DMA
HRNOX (Hood River New Opportunities Fund Institutional Class) and DMA (Dimensional Managed Account Fund) are both Diversified Portfolio funds. Over the past year, HRNOX returned 77.09% vs -1.92% for DMA. At a 0.35 correlation, their price movements are largely independent. HRNOX charges 0.95%/yr vs 0.03%/yr for DMA.
Performance
HRNOX vs. DMA - Performance Comparison
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Returns By Period
In the year-to-date period, HRNOX achieves a 31.43% return, which is significantly higher than DMA's -10.88% return.
HRNOX
- 1D
- -0.42%
- 1M
- 3.84%
- YTD
- 31.43%
- 6M
- 28.91%
- 1Y
- 77.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DMA
- 1D
- -0.64%
- 1M
- 5.07%
- YTD
- -10.88%
- 6M
- -11.28%
- 1Y
- -1.92%
- 3Y*
- 22.10%
- 5Y*
- —
- 10Y*
- —
HRNOX vs. DMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HRNOX Hood River New Opportunities Fund Institutional Class | 31.43% | 35.76% | 31.31% |
DMA Dimensional Managed Account Fund | -10.88% | 16.89% | 8.36% |
Correlation
The correlation between HRNOX and DMA is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2024 | 0.35 |
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Return for Risk
HRNOX vs. DMA — Risk / Return Rank
HRNOX
DMA
HRNOX vs. DMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hood River New Opportunities Fund Institutional Class (HRNOX) and Dimensional Managed Account Fund (DMA). 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.
| HRNOX | DMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.92 | ||
| Sortino ratioReturn per unit of downside risk | +3.47 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.99 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 5.89 | -0.11 | +6.00 |
| Martin ratioReturn relative to average drawdown | 24.22 | -0.29 | +24.52 |
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Drawdowns
HRNOX vs. DMA - Drawdown Comparison
The maximum HRNOX drawdown since its inception was -31.44%, smaller than the maximum DMA drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for HRNOX and DMA.
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Drawdown Indicators
| HRNOX | DMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.44% | -53.24% | +21.80% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -18.34% | +4.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.34% | — |
Current DrawdownCurrent decline from peak | -0.51% | -12.47% | +11.96% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -25.67% | +20.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 6.56% | -3.31% |
Volatility
HRNOX vs. DMA - Volatility Comparison
Hood River New Opportunities Fund Institutional Class (HRNOX) has a higher volatility of 10.19% compared to Dimensional Managed Account Fund (DMA) at 8.23%. This indicates that HRNOX's price experiences larger fluctuations and is considered to be riskier than DMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRNOX | DMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.19% | 8.23% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 22.55% | 13.45% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.29% | 15.21% | +13.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.28% | 27.24% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.28% | 27.24% | +2.04% |
HRNOX vs. DMA - Expense Ratio Comparison
HRNOX has a 0.95% expense ratio, which is higher than DMA's 0.03% expense ratio.
Dividends
HRNOX vs. DMA - Dividend Comparison
HRNOX has not paid dividends to shareholders, while DMA's dividend yield for the trailing twelve months is around 16.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DMA Dimensional Managed Account Fund | 16.60% | 9.42% | 3.83% | 5.22% | 10.14% |
HRNOX Hood River New Opportunities Fund Institutional Class | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HRNOX and DMA have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRNOX has higher volatility (10.19%) compared to DMA (8.23%). In terms of maximum drawdown, HRNOX dropped -31.44% vs DMA's -53.24%.
HRNOX currently has the higher Sharpe Ratio (2.79 vs -0.13), 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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