DIAL vs. TQQQ
DIAL (Columbia Diversified Fixed Income Allocation ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - DIAL is a Multisector Bonds fund tracking the Bloomberg Beta Advantage Multi-Sector Bond Index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 5 years, DIAL returned 0.65%/yr vs 24.47%/yr for TQQQ. At a 0.29 correlation, their price movements are largely independent. DIAL charges 0.29%/yr vs 0.95%/yr for TQQQ.
Performance
DIAL vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, DIAL achieves a 0.97% return, which is significantly lower than TQQQ's 56.90% return.
DIAL
- 1D
- -0.25%
- 1M
- 0.64%
- YTD
- 0.97%
- 6M
- 1.05%
- 1Y
- 5.96%
- 3Y*
- 5.88%
- 5Y*
- 0.65%
- 10Y*
- —
TQQQ
- 1D
- -0.35%
- 1M
- 6.09%
- YTD
- 56.90%
- 6M
- 52.71%
- 1Y
- 129.55%
- 3Y*
- 63.58%
- 5Y*
- 24.47%
- 10Y*
- 47.00%
DIAL vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIAL Columbia Diversified Fixed Income Allocation ETF | 0.97% | 9.93% | 1.69% | 8.54% | -16.13% | -1.14% | 9.08% | 14.05% | -1.98% | 0.15% |
TQQQ ProShares UltraPro QQQ | 56.90% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 15.27% |
Correlation
The correlation between DIAL and TQQQ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2017 | 0.29 |
The correlation between DIAL and TQQQ shifts across timeframes, from 0.29 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DIAL vs. TQQQ — Risk / Return Rank
DIAL
TQQQ
DIAL vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Diversified Fixed Income Allocation ETF (DIAL) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 3.53 | -1.73 |
| Martin ratioReturn relative to average drawdown | 6.83 | 11.25 | -4.43 |
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Drawdowns
DIAL vs. TQQQ - Drawdown Comparison
The maximum DIAL drawdown since its inception was -22.19%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for DIAL and TQQQ.
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Drawdown Indicators
| DIAL | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -81.66% | +59.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -36.97% | +33.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.01% | -58.04% | +51.03% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | -81.66% | +59.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -0.80% | -5.32% | +4.52% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -18.50% | +12.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 11.56% | -10.68% |
Volatility
DIAL vs. TQQQ - Volatility Comparison
The current volatility for Columbia Diversified Fixed Income Allocation ETF (DIAL) is 1.36%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 25.07%. This indicates that DIAL experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIAL | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 25.07% | -23.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 42.17% | -38.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 52.51% | -48.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 67.26% | -60.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.02% | 66.36% | -59.34% |
DIAL vs. TQQQ - Expense Ratio Comparison
DIAL has a 0.29% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Dividends
DIAL vs. TQQQ - Dividend Comparison
DIAL's dividend yield for the trailing twelve months is around 5.05%, more than TQQQ's 0.38% 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% |
TQQQ ProShares UltraPro QQQ | 0.38% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
DIAL and TQQQ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (25.07%) compared to DIAL (1.36%). In terms of maximum drawdown, DIAL dropped -22.19% vs TQQQ's -81.66%.
On 5-year performance, TQQQ leads with 24.47% vs 0.65% for DIAL. On fees, DIAL is cheaper at 0.29% per year. On volatility, DIAL has been the lower-risk option at 1.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TQQQ has performed better with a 24.47% return vs 0.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIAL is cheaper with a 0.29% expense ratio, compared with 0.95% for TQQQ.
DIAL has the higher dividend yield at 5.05%, compared with 0.38% for TQQQ.
DIAL is categorized as Multisector Bonds, while TQQQ is Leveraged Equities. DIAL tracks Bloomberg Beta Advantage Multi-Sector Bond Index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Ameriprise Financial and ProShares. Their fees differ too: 0.29% for DIAL and 0.95% for TQQQ.
TQQQ currently has the higher Sharpe Ratio (2.49 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.
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