DIAL vs. UCON
Compare and contrast key facts about Columbia Diversified Fixed Income Allocation ETF (DIAL) and First Trust TCW Unconstrained Plus Bond ETF (UCON).
DIAL and UCON 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. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIAL or UCON.
Key characteristics
| DIAL | UCON | |
|---|---|---|
| YTD Return | 3.20% | 4.35% |
| 1Y Return | 10.69% | 8.68% |
| 3Y Return (Ann) | -2.10% | 1.86% |
| 5Y Return (Ann) | 0.53% | 2.83% |
| Sharpe Ratio | 1.72 | 2.42 |
| Sortino Ratio | 2.52 | 3.66 |
| Omega Ratio | 1.31 | 1.49 |
| Calmar Ratio | 0.66 | 2.68 |
| Martin Ratio | 6.65 | 13.03 |
| Ulcer Index | 1.66% | 0.68% |
| Daily Std Dev | 6.40% | 3.64% |
| Max Drawdown | -22.19% | -15.31% |
| Current Drawdown | -7.12% | -1.23% |
Correlation
The correlation between DIAL and UCON is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DIAL vs. UCON - Performance Comparison
In the year-to-date period, DIAL achieves a 3.20% return, which is significantly lower than UCON's 4.35% 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. UCON - Expense Ratio Comparison
DIAL has a 0.28% expense ratio, which is lower than UCON's 0.76% expense ratio.
Risk-Adjusted Performance
DIAL vs. UCON - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Diversified Fixed Income Allocation ETF (DIAL) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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. UCON - Dividend Comparison
DIAL's dividend yield for the trailing twelve months is around 4.49%, less than UCON's 5.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DIAL Columbia Diversified Fixed Income Allocation ETF | 4.49% | 3.76% | 3.48% | 2.46% | 2.61% | 3.28% | 3.58% | 0.65% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 5.05% | 4.75% | 3.12% | 2.20% | 3.14% | 3.51% | 1.76% | 0.00% |
Drawdowns
DIAL vs. UCON - Drawdown Comparison
The maximum DIAL drawdown since its inception was -22.19%, which is greater than UCON's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for DIAL and UCON. For additional features, visit the drawdowns tool.
Volatility
DIAL vs. UCON - Volatility Comparison
Columbia Diversified Fixed Income Allocation ETF (DIAL) has a higher volatility of 1.59% compared to First Trust TCW Unconstrained Plus Bond ETF (UCON) at 0.75%. This indicates that DIAL's price experiences larger fluctuations and is considered to be riskier than UCON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.