DIAL vs. CGMS

Last updated Jun 23, 2026

DIAL (Columbia Diversified Fixed Income Allocation ETF) and CGMS (Capital Group U.S. Multi-Sector Income ETF) are both Multisector Bonds funds. DIAL is passively managed, while CGMS is actively managed. Over the past 3 years, DIAL returned 5.88%/yr vs 7.98%/yr for CGMS. Their correlation of 0.87 suggests significant overlap in exposure. DIAL charges 0.29%/yr vs 0.39%/yr for CGMS.

Performance

DIAL vs. CGMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Diversified Fixed Income Allocation ETF (DIAL) and Capital Group U.S. Multi-Sector Income ETF (CGMS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIAL achieves a 0.97% return, which is significantly lower than CGMS's 1.51% return.

DIAL

• 1D: -0.25%
• 1M: 0.64%
• YTD: 0.97%
• 6M: 1.05%
• 1Y: 5.96%
• 3Y*: 5.88%
• 5Y*: 0.65%
• 10Y*: —

CGMS

• 1D: -0.22%
• 1M: 0.34%
• YTD: 1.51%
• 6M: 1.68%
• 1Y: 6.08%
• 3Y*: 7.98%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DIAL vs. CGMS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DIAL Columbia Diversified Fixed Income Allocation ETF	0.97%	9.93%	1.69%	8.54%	4.08%
CGMS Capital Group U.S. Multi-Sector Income ETF	1.51%	7.52%	7.24%	11.51%	2.77%

Correlation

The correlation between DIAL and CGMS is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022	0.87

The correlation between DIAL and CGMS has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.

Return for Risk

DIAL vs. CGMS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIAL

DIAL Risk / Return Rank: 41
DIAL Sharpe Ratio Rank: 42
DIAL Sortino Ratio Rank: 43
DIAL Omega Ratio Rank: 41
DIAL Calmar Ratio Rank: 37
DIAL Martin Ratio Rank: 43

CGMS

CGMS Risk / Return Rank: 55
CGMS Sharpe Ratio Rank: 53
CGMS Sortino Ratio Rank: 57
CGMS Omega Ratio Rank: 54
CGMS Calmar Ratio Rank: 51
CGMS Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DIAL vs. CGMS - Risk-Adjusted Trends 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.

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.

	DIAL	CGMS	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.74	-0.31
Sortino ratio: Return per unit of downside risk	2.12	2.62	-0.50
Omega ratio: Gain probability vs. loss probability	1.26	1.33	-0.07
Calmar ratio: Return relative to maximum drawdown	1.79	2.47	-0.68
Martin ratio: Return relative to average drawdown	6.83	10.95	-4.13

DIAL vs. CGMS - Sharpe Ratio Comparison

The current DIAL Sharpe Ratio is 1.44, which is comparable to the CGMS Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of DIAL and CGMS, 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

DIAL vs. CGMS - Drawdown Comparison

The maximum DIAL drawdown since its inception was -22.19%, which is greater than CGMS's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for DIAL and CGMS.

Drawdown Indicators

	DIAL	CGMS	Difference
Max Drawdown Largest peak-to-trough decline	-22.19%	-4.08%	-18.11%
Max Drawdown (1Y) Largest decline over 1 year	-3.34%	-2.47%	-0.87%
Max Drawdown (3Y) Largest decline over 3 years	-7.01%	-4.08%	-2.93%
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	—	—
Current Drawdown Current decline from peak	-0.80%	-0.44%	-0.36%
Average Drawdown Average peak-to-trough decline	-5.51%	-0.66%	-4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	0.56%	+0.32%

Volatility

DIAL vs. CGMS - Volatility Comparison

Columbia Diversified Fixed Income Allocation ETF (DIAL) has a higher volatility of 1.36% compared to Capital Group U.S. Multi-Sector Income ETF (CGMS) at 1.12%. This indicates that DIAL's price experiences larger fluctuations and is considered to be riskier than CGMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIAL	CGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	1.12%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	3.38%	2.79%	+0.59%
Volatility (1Y) Calculated over the trailing 1-year period	4.17%	3.51%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.05%	5.12%	+1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.02%	5.12%	+1.90%

DIAL vs. CGMS - Expense Ratio Comparison

DIAL has a 0.29% expense ratio, which is lower than CGMS's 0.39% expense ratio.

Dividends

DIAL vs. CGMS - Dividend Comparison

DIAL's dividend yield for the trailing twelve months is around 5.05%, less than CGMS's 6.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CGMS Capital Group U.S. Multi-Sector Income ETF	6.10%	6.00%	5.91%	5.84%	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%
DIAL Columbia Diversified Fixed Income Allocation ETF	5.05%	4.81%	4.67%	3.77%	3.47%	2.46%	2.61%	3.27%	3.56%	0.65%

Frequently Asked Questions

Can I hold both DIAL and CGMS in my portfolio?

DIAL and CGMS have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIAL or CGMS?

DIAL has higher volatility (1.36%) compared to CGMS (1.12%). In terms of maximum drawdown, DIAL dropped -22.19% vs CGMS's -4.08%.

Which ETF is better, DIAL or CGMS?

On 3-year performance, CGMS leads with 7.98% vs 5.88% for DIAL. On fees, DIAL is cheaper at 0.29% per year. On volatility, CGMS has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIAL or CGMS?

Over the 3-year period, CGMS has performed better with a 7.98% return vs 5.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIAL or CGMS?

DIAL is cheaper with a 0.29% expense ratio, compared with 0.39% for CGMS.

Which ETF pays a higher dividend yield, DIAL or CGMS?

CGMS has the higher dividend yield at 6.10%, compared with 5.05% for DIAL.

What is the main difference between DIAL and CGMS?

They also come from different issuers: Ameriprise Financial and Capital Group. Their fees differ too: 0.29% for DIAL and 0.39% for CGMS.

Which has better risk-adjusted returns?

CGMS currently has the higher Sharpe Ratio (1.74 vs 1.44), 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.