DIAL vs. PIMIX

Last updated Jun 24, 2026

DIAL (Columbia Diversified Fixed Income Allocation ETF) and PIMIX (PIMCO Income Fund Institutional Class) are both Multisector Bonds funds. DIAL is passively managed, while PIMIX is actively managed. Over the past 5 years, DIAL returned 0.63%/yr vs 3.49%/yr for PIMIX. A 0.68 correlation means they provide meaningful diversification when combined. DIAL charges 0.29%/yr vs 0.54%/yr for PIMIX.

Performance

DIAL vs. PIMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Diversified Fixed Income Allocation ETF (DIAL) and PIMCO Income Fund Institutional Class (PIMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIAL achieves a 0.94% return, which is significantly higher than PIMIX's 0.72% return.

DIAL

• 1D: -0.03%
• 1M: 0.61%
• YTD: 0.94%
• 6M: 1.01%
• 1Y: 5.59%
• 3Y*: 5.87%
• 5Y*: 0.63%
• 10Y*: —

PIMIX

• 1D: -0.28%
• 1M: 0.91%
• YTD: 0.72%
• 6M: 1.32%
• 1Y: 7.28%
• 3Y*: 7.60%
• 5Y*: 3.49%
• 10Y*: 4.72%

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

DIAL vs. PIMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIAL Columbia Diversified Fixed Income Allocation ETF	0.94%	9.93%	1.69%	8.54%	-16.13%	-1.14%	9.08%	14.05%	-1.98%	0.15%
PIMIX PIMCO Income Fund Institutional Class	0.72%	11.08%	5.45%	9.36%	-9.07%	2.62%	5.84%	8.10%	0.63%	1.19%

Correlation

The correlation between DIAL and PIMIX is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Oct 12, 2017	0.68

The correlation between DIAL and PIMIX shifts across timeframes, from 0.68 (all time) to 0.82 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

DIAL vs. PIMIX — Risk / Return Rank

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

DIAL

DIAL Risk / Return Rank: 39
DIAL Sharpe Ratio Rank: 41
DIAL Sortino Ratio Rank: 41
DIAL Omega Ratio Rank: 39
DIAL Calmar Ratio Rank: 35
DIAL Martin Ratio Rank: 42

PIMIX

PIMIX Risk / Return Rank: 42
PIMIX Sharpe Ratio Rank: 45
PIMIX Sortino Ratio Rank: 50
PIMIX Omega Ratio Rank: 49
PIMIX Calmar Ratio Rank: 34
PIMIX Martin Ratio Rank: 33

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. PIMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Diversified Fixed Income Allocation ETF (DIAL) and PIMCO Income Fund Institutional Class (PIMIX). 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	PIMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.83	-0.48
Sortino ratio: Return per unit of downside risk	2.00	2.73	-0.73
Omega ratio: Gain probability vs. loss probability	1.24	1.35	-0.11
Calmar ratio: Return relative to maximum drawdown	1.68	2.07	-0.39
Martin ratio: Return relative to average drawdown	6.39	6.98	-0.59

DIAL vs. PIMIX - Sharpe Ratio Comparison

The current DIAL Sharpe Ratio is 1.35, which is comparable to the PIMIX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of DIAL and PIMIX, 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. PIMIX - Drawdown Comparison

The maximum DIAL drawdown since its inception was -22.19%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for DIAL and PIMIX.

Drawdown Indicators

	DIAL	PIMIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.19%	-13.39%	-8.80%
Max Drawdown (1Y) Largest decline over 1 year	-3.34%	-3.69%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-7.01%	-3.84%	-3.17%
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	-13.34%	-8.85%
Max Drawdown (10Y) Largest decline over 10 years	—	-13.39%	—
Current Drawdown Current decline from peak	-0.83%	-1.21%	+0.38%
Average Drawdown Average peak-to-trough decline	-5.51%	-1.69%	-3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	1.09%	-0.21%

Volatility

DIAL vs. PIMIX - Volatility Comparison

Columbia Diversified Fixed Income Allocation ETF (DIAL) and PIMCO Income Fund Institutional Class (PIMIX) have volatilities of 1.36% and 1.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIAL	PIMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	1.34%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	3.38%	3.41%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	4.19%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.05%	4.87%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.02%	4.26%	+2.76%

DIAL vs. PIMIX - Expense Ratio Comparison

DIAL has a 0.29% expense ratio, which is lower than PIMIX's 0.54% expense ratio.

Dividends

DIAL vs. PIMIX - Dividend Comparison

DIAL's dividend yield for the trailing twelve months is around 5.05%, less than PIMIX's 5.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
PIMIX PIMCO Income Fund Institutional Class	5.85%	6.01%	6.27%	6.21%	4.98%	4.02%	4.88%	5.83%	5.66%	5.37%	5.52%	7.88%

Frequently Asked Questions

Can I hold both DIAL and PIMIX in my portfolio?

DIAL and PIMIX have a correlation of 0.81, 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 PIMIX?

DIAL has higher volatility (1.36%) compared to PIMIX (1.34%). In terms of maximum drawdown, DIAL dropped -22.19% vs PIMIX's -13.39%.

Which has better risk-adjusted returns?

PIMIX currently has the higher Sharpe Ratio (1.83 vs 1.35), 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.