DIAL vs. CGMS
Compare and contrast key facts about Columbia Diversified Fixed Income Allocation ETF (DIAL) and Capital Group U.S. Multi-Sector Income ETF (CGMS).
DIAL and CGMS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIAL is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Bond Index. It was launched on Oct 12, 2017. CGMS is an actively managed fund by Capital Group. It was launched on Oct 25, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIAL or CGMS.
Key characteristics
| DIAL | CGMS | |
|---|---|---|
| YTD Return | 2.40% | 6.63% |
| 1Y Return | 8.83% | 12.03% |
| Sharpe Ratio | 1.63 | 2.70 |
| Sortino Ratio | 2.39 | 4.15 |
| Omega Ratio | 1.29 | 1.54 |
| Calmar Ratio | 0.66 | 6.97 |
| Martin Ratio | 6.09 | 21.35 |
| Ulcer Index | 1.70% | 0.63% |
| Daily Std Dev | 6.38% | 4.96% |
| Max Drawdown | -22.19% | -3.79% |
| Current Drawdown | -7.85% | -1.07% |
Correlation
The correlation between DIAL and CGMS is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DIAL vs. CGMS - Performance Comparison
In the year-to-date period, DIAL achieves a 2.40% return, which is significantly lower than CGMS's 6.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DIAL vs. CGMS - Expense Ratio Comparison
DIAL has a 0.28% expense ratio, which is lower than CGMS's 0.39% expense ratio.
Risk-Adjusted Performance
DIAL vs. CGMS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Diversified Fixed Income Allocation ETF (DIAL) and Capital Group U.S. Multi-Sector Income ETF (CGMS). 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.
Dividends
DIAL vs. CGMS - Dividend Comparison
DIAL's dividend yield for the trailing twelve months is around 4.53%, less than CGMS's 5.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DIAL Columbia Diversified Fixed Income Allocation ETF | 4.53% | 3.76% | 3.48% | 2.46% | 2.61% | 3.28% | 3.58% | 0.65% |
CGMS Capital Group U.S. Multi-Sector Income ETF | 5.86% | 5.84% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DIAL vs. CGMS - Drawdown Comparison
The maximum DIAL drawdown since its inception was -22.19%, which is greater than CGMS's maximum drawdown of -3.79%. Use the drawdown chart below to compare losses from any high point for DIAL and CGMS. For additional features, visit the drawdowns tool.
Volatility
DIAL vs. CGMS - Volatility Comparison
The current volatility for Columbia Diversified Fixed Income Allocation ETF (DIAL) is 1.63%, while Capital Group U.S. Multi-Sector Income ETF (CGMS) has a volatility of 1.77%. This indicates that DIAL experiences smaller price fluctuations and is considered to be less risky than CGMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.