DIAL vs. TQQQ
Compare and contrast key facts about Columbia Diversified Fixed Income Allocation ETF (DIAL) and ProShares UltraPro QQQ (TQQQ).
DIAL and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both DIAL and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIAL or TQQQ.
Key characteristics
| DIAL | TQQQ | |
|---|---|---|
| YTD Return | 3.20% | 64.56% |
| 1Y Return | 10.69% | 114.05% |
| 3Y Return (Ann) | -2.10% | 0.14% |
| 5Y Return (Ann) | 0.53% | 35.99% |
| Sharpe Ratio | 1.72 | 2.20 |
| Sortino Ratio | 2.52 | 2.54 |
| Omega Ratio | 1.31 | 1.34 |
| Calmar Ratio | 0.66 | 2.04 |
| Martin Ratio | 6.65 | 9.23 |
| Ulcer Index | 1.66% | 12.40% |
| Daily Std Dev | 6.40% | 52.07% |
| Max Drawdown | -22.19% | -81.66% |
| Current Drawdown | -7.12% | -3.70% |
Correlation
The correlation between DIAL and TQQQ is 0.26, 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.
Performance
DIAL vs. TQQQ - Performance Comparison
In the year-to-date period, DIAL achieves a 3.20% return, which is significantly lower than TQQQ's 64.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DIAL vs. TQQQ - Expense Ratio Comparison
DIAL has a 0.28% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
DIAL vs. TQQQ - Risk-Adjusted Performance 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.
Dividends
DIAL vs. TQQQ - Dividend Comparison
DIAL's dividend yield for the trailing twelve months is around 4.49%, more than TQQQ's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIAL Columbia Diversified Fixed Income Allocation ETF | 4.49% | 3.76% | 3.48% | 2.46% | 2.61% | 3.28% | 3.58% | 0.65% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.15% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
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. For additional features, visit the drawdowns tool.
Volatility
DIAL vs. TQQQ - Volatility Comparison
The current volatility for Columbia Diversified Fixed Income Allocation ETF (DIAL) is 1.59%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.49%. 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.