ERC vs. DIAL
ERC (Allspring Multi-Sector Income Fund) is a stock, while DIAL (Columbia Diversified Fixed Income Allocation ETF) is Multisector Bonds fund tracking the Bloomberg Beta Advantage Multi-Sector Bond Index. Over the past 5 years, ERC returned 2.20%/yr vs 0.24%/yr for DIAL. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
ERC vs. DIAL - Performance Comparison
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Returns By Period
In the year-to-date period, ERC achieves a 3.53% return, which is significantly higher than DIAL's 0.09% return.
ERC
- 1D
- 0.77%
- 1M
- 0.25%
- 6M
- 1.21%
- YTD
- 3.53%
- 1Y
- 7.10%
- 3Y*
- 7.66%
- 5Y*
- 2.20%
- 10Y*
- 6.28%
- ALL TIME*
- 6.39%
DIAL
- 1D
- -0.17%
- 1M
- -1.10%
- 6M
- -0.48%
- YTD
- 0.09%
- 1Y
- 3.35%
- 3Y*
- 5.58%
- 5Y*
- 0.24%
- 10Y*
- —
- ALL TIME*
- 2.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $608.84K | $1.33M | $1.24M | |
| $388.01K | $417.55K | $583.53K |
ERC vs. DIAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERC Allspring Multi-Sector Income Fund | 3.53% | 11.10% | 6.10% | 4.88% | -17.77% | 18.77% | 4.36% | 28.05% | -5.94% | 0.50% |
DIAL Columbia Diversified Fixed Income Allocation ETF | 0.09% | 9.93% | 1.69% | 8.54% | -16.13% | -1.14% | 9.08% | 14.05% | -1.98% | 0.15% |
Correlation
The correlation between ERC and DIAL is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2017 | 0.31 |
The correlation between ERC and DIAL shifts across timeframes, from 0.31 (all time) to 0.41 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ERC vs. DIAL — Risk / Return Rank
ERC
DIAL
ERC vs. DIAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Multi-Sector Income Fund (ERC) and Columbia Diversified Fixed Income Allocation ETF (DIAL). 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.
| ERC | DIAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.20 | -0.22 |
| Martin ratioReturn relative to average drawdown | 3.32 | 4.26 | -0.94 |
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Drawdowns
ERC vs. DIAL - Drawdown Comparison
The maximum ERC drawdown since its inception was -47.41%, which is greater than DIAL's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for ERC and DIAL.
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Drawdown Indicators
| ERC | DIAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.41% | -22.19% | -25.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -3.34% | -3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -5.80% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -33.65% | -22.19% | -11.46% |
Max Drawdown (10Y)Largest decline over 10 years | -41.33% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | -1.66% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -5.46% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.94% | +1.09% |
Volatility
ERC vs. DIAL - Volatility Comparison
Allspring Multi-Sector Income Fund (ERC) has a higher volatility of 2.28% compared to Columbia Diversified Fixed Income Allocation ETF (DIAL) at 1.10%. This indicates that ERC's price experiences larger fluctuations and is considered to be riskier than DIAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERC | DIAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 1.10% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.23% | 3.45% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.02% | 4.15% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 7.05% | +6.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 6.99% | +8.80% |
Dividends
ERC vs. DIAL - Dividend Comparison
ERC's dividend yield for the trailing twelve months is around 9.54%, more than DIAL's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIAL Columbia Diversified Fixed Income Allocation ETF | 4.70% | 4.81% | 4.67% | 3.77% | 3.47% | 2.46% | 2.61% | 3.27% | 3.56% | 0.65% | 0.00% | 0.00% |
ERC Allspring Multi-Sector Income Fund | 9.54% | 9.35% | 8.65% | 8.44% | 10.70% | 8.51% | 9.51% | 9.35% | 11.56% | 9.66% | 8.80% | 13.67% |
Frequently Asked Questions
ERC and DIAL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERC has higher volatility (2.28%) compared to DIAL (1.10%). In terms of maximum drawdown, ERC dropped -47.41% vs DIAL's -22.19%.
DIAL currently has the higher Sharpe Ratio (0.97 vs 0.75), 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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