RIDGX vs. DMO
RIDGX (American Funds Income Fund of America Class R-6) and DMO (Dimensional Multi-Asset Fund) are both Global Allocation funds. Over the past 10 years, RIDGX returned 8.70%/yr vs 3.75%/yr for DMO. Their 0.23 correlation means their historical movements had little consistent relationship. RIDGX charges 0.26%/yr vs 0.04%/yr for DMO.
Performance
RIDGX vs. DMO - Performance Comparison
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Returns By Period
In the year-to-date period, RIDGX achieves a 8.63% return, which is significantly higher than DMO's 0.98% return. Over the past 10 years, RIDGX has outperformed DMO with an annualized return of 8.70%, while DMO has yielded a comparatively lower 3.75% annualized return.
RIDGX
- 1D
- 0.25%
- 1M
- 1.23%
- 6M
- 4.78%
- YTD
- 8.63%
- 1Y
- 16.61%
- 3Y*
- 13.48%
- 5Y*
- 8.61%
- 10Y*
- 8.70%
- ALL TIME*
- 9.09%
DMO
- 1D
- -0.10%
- 1M
- -2.44%
- 6M
- 0.79%
- YTD
- 0.98%
- 1Y
- -0.66%
- 3Y*
- 11.17%
- 5Y*
- 4.03%
- 10Y*
- 3.75%
- ALL TIME*
- 8.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $406.77K | $422.33K | $418.75K | |
| $0.00 | $0.00 | $0.00 |
RIDGX vs. DMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RIDGX American Funds Income Fund of America Class R-6 | 8.63% | 18.12% | 11.22% | 7.04% | -6.15% | 17.72% | 5.24% | 18.84% | -4.96% | 12.80% |
DMO Dimensional Multi-Asset Fund | 0.98% | 6.95% | 20.24% | 16.79% | -21.64% | 17.12% | -22.32% | 9.10% | -2.04% | 23.46% |
Correlation
The correlation between RIDGX and DMO is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
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. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2010 | 0.23 |
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Return for Risk
RIDGX vs. DMO — Risk / Return Rank
RIDGX
DMO
RIDGX vs. DMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Income Fund of America Class R-6 (RIDGX) and Dimensional Multi-Asset Fund (DMO). 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.
| RIDGX | DMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.15 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.00 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | -0.05 | +2.61 |
| Martin ratioReturn relative to average drawdown | 9.49 | -0.12 | +9.61 |
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Drawdowns
RIDGX vs. DMO - Drawdown Comparison
The maximum RIDGX drawdown since its inception was -26.09%, smaller than the maximum DMO drawdown of -49.16%. Use the drawdown chart below to compare losses from any high point for RIDGX and DMO.
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Drawdown Indicators
| RIDGX | DMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.09% | -49.16% | +23.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -8.37% | +2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -8.58% | -9.04% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -15.62% | -29.04% | +13.42% |
Max Drawdown (10Y)Largest decline over 10 years | -26.09% | -49.16% | +23.07% |
Current DrawdownCurrent decline from peak | -0.18% | -5.13% | +4.95% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -9.55% | +7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 3.58% | -1.94% |
Volatility
RIDGX vs. DMO - Volatility Comparison
American Funds Income Fund of America Class R-6 (RIDGX) has a higher volatility of 1.97% compared to Dimensional Multi-Asset Fund (DMO) at 1.47%. This indicates that RIDGX's price experiences larger fluctuations and is considered to be riskier than DMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIDGX | DMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 1.47% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 5.89% | 7.76% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.43% | 10.06% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.46% | 12.64% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.64% | 19.91% | -9.27% |
RIDGX vs. DMO - Expense Ratio Comparison
RIDGX has a 0.26% expense ratio, which is higher than DMO's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
RIDGX vs. DMO - Dividend Comparison
RIDGX's dividend yield for the trailing twelve months is around 9.57%, less than DMO's 14.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMO Dimensional Multi-Asset Fund | 14.31% | 14.01% | 12.92% | 11.46% | 11.51% | 8.88% | 10.95% | 9.63% | 18.93% | 13.30% | 13.19% | 14.09% |
RIDGX American Funds Income Fund of America Class R-6 | 9.57% | 10.25% | 6.69% | 3.16% | 7.31% | 6.97% | 3.49% | 5.29% | 7.78% | 4.46% | 3.37% | 5.38% |
Frequently Asked Questions
RIDGX and DMO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIDGX has higher volatility (1.97%) compared to DMO (1.47%). In terms of maximum drawdown, RIDGX dropped -26.09% vs DMO's -49.16%.
RIDGX currently has the higher Sharpe Ratio (2.10 vs -0.04), 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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