DIAL vs. MUSI
Compare and contrast key facts about Columbia Diversified Fixed Income Allocation ETF (DIAL) and American Century Multisector Income ETF (MUSI).
DIAL and MUSI 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. MUSI is an actively managed fund by American Century. It was launched on Jun 29, 2021.
Performance
DIAL vs. MUSI - Performance Comparison
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DIAL vs. MUSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DIAL Columbia Diversified Fixed Income Allocation ETF | -0.68% | 9.93% | 1.69% | 8.54% | -16.13% | 0.43% |
MUSI American Century Multisector Income ETF | -0.07% | 8.32% | 5.14% | 7.51% | -10.33% | 0.58% |
Returns By Period
In the year-to-date period, DIAL achieves a -0.68% return, which is significantly lower than MUSI's -0.07% return.
DIAL
- 1D
- 0.70%
- 1M
- -2.42%
- YTD
- -0.68%
- 6M
- 0.43%
- 1Y
- 6.22%
- 3Y*
- 5.05%
- 5Y*
- 0.73%
- 10Y*
- —
MUSI
- 1D
- 0.60%
- 1M
- -1.80%
- YTD
- -0.07%
- 6M
- 1.26%
- 1Y
- 5.87%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
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DIAL vs. MUSI - Expense Ratio Comparison
DIAL has a 0.29% expense ratio, which is lower than MUSI's 0.36% expense ratio.
Return for Risk
DIAL vs. MUSI — Risk / Return Rank
DIAL
MUSI
DIAL vs. MUSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Diversified Fixed Income Allocation ETF (DIAL) and American Century Multisector Income ETF (MUSI). 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.
| DIAL | MUSI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 1.35 | +0.04 |
Sortino ratioReturn per unit of downside risk | 2.02 | 1.77 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.98 | -0.06 |
Martin ratioReturn relative to average drawdown | 8.30 | 8.07 | +0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DIAL | MUSI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.35 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.43 | -0.10 |
Correlation
The correlation between DIAL and MUSI is 0.84, 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.
Dividends
DIAL vs. MUSI - Dividend Comparison
DIAL's dividend yield for the trailing twelve months is around 4.97%, less than MUSI's 5.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIAL Columbia Diversified Fixed Income Allocation ETF | 4.97% | 4.81% | 4.67% | 3.77% | 3.47% | 2.46% | 2.61% | 3.27% | 3.56% | 0.65% |
MUSI American Century Multisector Income ETF | 5.74% | 5.74% | 6.00% | 5.20% | 4.02% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DIAL vs. MUSI - Drawdown Comparison
The maximum DIAL drawdown since its inception was -22.19%, which is greater than MUSI's maximum drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for DIAL and MUSI.
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Drawdown Indicators
| DIAL | MUSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -13.91% | -8.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -2.99% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | — | — |
Current DrawdownCurrent decline from peak | -2.42% | -1.80% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -4.33% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.74% | +0.03% |
Volatility
DIAL vs. MUSI - Volatility Comparison
Columbia Diversified Fixed Income Allocation ETF (DIAL) has a higher volatility of 2.07% compared to American Century Multisector Income ETF (MUSI) at 1.70%. This indicates that DIAL's price experiences larger fluctuations and is considered to be riskier than MUSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIAL | MUSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 1.70% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 2.27% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 4.35% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.00% | 4.88% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.07% | 4.88% | +2.19% |