INCO vs. DIAL
INCO (Columbia India Consumer ETF) and DIAL (Columbia Diversified Fixed Income Allocation ETF) are both exchange-traded funds - INCO is a Asia Pacific Equities fund tracking the Indxx India Consumer Index, while DIAL is a Multisector Bonds fund tracking the Bloomberg Beta Advantage Multi-Sector Bond Index. Both are passively managed. Over the past 5 years, INCO returned 6.82%/yr vs 0.70%/yr for DIAL. At a 0.18 correlation, their price movements are largely independent. INCO charges 0.75%/yr vs 0.29%/yr for DIAL.
Performance
INCO vs. DIAL - Performance Comparison
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Returns By Period
In the year-to-date period, INCO achieves a -8.49% return, which is significantly lower than DIAL's 1.24% return.
INCO
- 1D
- 0.26%
- 1M
- 2.61%
- YTD
- -8.49%
- 6M
- -7.75%
- 1Y
- -7.35%
- 3Y*
- 7.64%
- 5Y*
- 6.82%
- 10Y*
- 8.95%
DIAL
- 1D
- 0.30%
- 1M
- 0.91%
- YTD
- 1.24%
- 6M
- 0.82%
- 1Y
- 5.45%
- 3Y*
- 5.97%
- 5Y*
- 0.70%
- 10Y*
- —
INCO vs. DIAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | -8.49% | 0.59% | 12.70% | 34.63% | -7.01% | 19.28% | 14.55% | -4.22% | -10.81% | 14.23% |
DIAL Columbia Diversified Fixed Income Allocation ETF | 1.24% | 9.93% | 1.69% | 8.54% | -16.13% | -1.14% | 9.08% | 14.05% | -1.98% | 0.15% |
Correlation
The correlation between INCO and DIAL is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2017 | 0.18 |
The correlation between INCO and DIAL shifts across timeframes, from 0.18 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
INCO vs. DIAL — Risk / Return Rank
INCO
DIAL
INCO vs. DIAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) 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.
| INCO | DIAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.24 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 1.63 | -1.98 |
| Martin ratioReturn relative to average drawdown | -0.83 | 6.22 | -7.04 |
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Drawdowns
INCO vs. DIAL - Drawdown Comparison
The maximum INCO drawdown since its inception was -47.69%, which is greater than DIAL's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for INCO and DIAL.
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Drawdown Indicators
| INCO | DIAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -22.19% | -25.50% |
Max Drawdown (1Y)Largest decline over 1 year | -21.37% | -3.34% | -18.03% |
Max Drawdown (3Y)Largest decline over 3 years | -29.98% | -7.01% | -22.97% |
Max Drawdown (5Y)Largest decline over 5 years | -29.98% | -22.19% | -7.79% |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | — | — |
Current DrawdownCurrent decline from peak | -22.07% | -0.53% | -21.54% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -5.51% | -5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.91% | 0.88% | +8.03% |
Volatility
INCO vs. DIAL - Volatility Comparison
Columbia India Consumer ETF (INCO) has a higher volatility of 5.21% compared to Columbia Diversified Fixed Income Allocation ETF (DIAL) at 1.37%. This indicates that INCO'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
| INCO | DIAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 1.37% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 14.39% | 3.39% | +11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 4.16% | +12.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 7.05% | +9.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 7.02% | +13.28% |
INCO vs. DIAL - Expense Ratio Comparison
INCO has a 0.75% expense ratio, which is higher than DIAL's 0.29% expense ratio.
Dividends
INCO vs. DIAL - Dividend Comparison
INCO has not paid dividends to shareholders, while DIAL's dividend yield for the trailing twelve months is around 5.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIAL Columbia Diversified Fixed Income Allocation ETF | 5.03% | 4.81% | 4.67% | 3.77% | 3.47% | 2.46% | 2.61% | 3.27% | 3.56% | 0.65% | 0.00% |
INCO Columbia India Consumer ETF | 0.00% | 0.00% | 2.88% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% |
Frequently Asked Questions
INCO and DIAL have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INCO has higher volatility (5.21%) compared to DIAL (1.37%). In terms of maximum drawdown, INCO dropped -47.69% vs DIAL's -22.19%.
On 5-year performance, INCO leads with 6.82% vs 0.70% for DIAL. On fees, DIAL is cheaper at 0.29% per year. On volatility, DIAL has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, INCO has performed better with a 6.82% return vs 0.70%. 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 0.75% for INCO.
DIAL has the higher dividend yield at 5.03%, compared with 0.00% for INCO.
INCO is categorized as Asia Pacific Equities, while DIAL is Multisector Bonds. INCO tracks Indxx India Consumer Index, while DIAL tracks Bloomberg Beta Advantage Multi-Sector Bond Index. Their fees differ too: 0.75% for INCO and 0.29% for DIAL.
DIAL currently has the higher Sharpe Ratio (1.32 vs -0.43), 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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