DIAL vs. PSQO
Compare and contrast key facts about Columbia Diversified Fixed Income Allocation ETF (DIAL) and Palmer Square Credit Opportunities ETF (PSQO).
DIAL and PSQO 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. PSQO is an actively managed fund by Palmer Square. It was launched on Sep 11, 2024.
Performance
DIAL vs. PSQO - Performance Comparison
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DIAL vs. PSQO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DIAL Columbia Diversified Fixed Income Allocation ETF | -0.68% | 9.93% | -3.39% |
PSQO Palmer Square Credit Opportunities ETF | 0.19% | 7.05% | 1.96% |
Returns By Period
In the year-to-date period, DIAL achieves a -0.68% return, which is significantly lower than PSQO's 0.19% return.
DIAL
- 1D
- 0.70%
- 1M
- -2.42%
- YTD
- -0.68%
- 6M
- 0.43%
- 1Y
- 6.22%
- 3Y*
- 5.05%
- 5Y*
- 0.73%
- 10Y*
- —
PSQO
- 1D
- 0.07%
- 1M
- -0.20%
- YTD
- 0.19%
- 6M
- 1.74%
- 1Y
- 5.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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DIAL vs. PSQO - Expense Ratio Comparison
DIAL has a 0.29% expense ratio, which is lower than PSQO's 0.52% expense ratio.
Return for Risk
DIAL vs. PSQO — Risk / Return Rank
DIAL
PSQO
DIAL vs. PSQO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Diversified Fixed Income Allocation ETF (DIAL) and Palmer Square Credit Opportunities ETF (PSQO). 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 | PSQO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 3.60 | -2.20 |
Sortino ratioReturn per unit of downside risk | 2.02 | 5.62 | -3.60 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.79 | -0.53 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 7.48 | -5.56 |
Martin ratioReturn relative to average drawdown | 8.30 | 28.22 | -19.92 |
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 | PSQO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 3.60 | -2.20 |
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 | 3.01 | -2.68 |
Correlation
The correlation between DIAL and PSQO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DIAL vs. PSQO - Dividend Comparison
DIAL's dividend yield for the trailing twelve months is around 4.97%, more than PSQO's 4.19% 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% |
PSQO Palmer Square Credit Opportunities ETF | 4.19% | 4.45% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DIAL vs. PSQO - Drawdown Comparison
The maximum DIAL drawdown since its inception was -22.19%, which is greater than PSQO's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for DIAL and PSQO.
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Drawdown Indicators
| DIAL | PSQO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -0.76% | -21.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -0.72% | -2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | — | — |
Current DrawdownCurrent decline from peak | -2.42% | -0.35% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -0.11% | -5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.20% | +0.57% |
Volatility
DIAL vs. PSQO - Volatility Comparison
Columbia Diversified Fixed Income Allocation ETF (DIAL) has a higher volatility of 2.07% compared to Palmer Square Credit Opportunities ETF (PSQO) at 0.57%. This indicates that DIAL's price experiences larger fluctuations and is considered to be riskier than PSQO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIAL | PSQO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 0.57% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.11% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 1.54% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.00% | 1.99% | +5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.07% | 1.99% | +5.08% |