MULT vs. DIAL
MULT (Franklin Multisector Income ETF) and DIAL (Columbia Diversified Fixed Income Allocation ETF) are both Multisector Bonds funds. MULT is actively managed, while DIAL is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. MULT charges 0.39%/yr vs 0.29%/yr for DIAL.
Performance
MULT vs. DIAL - Performance Comparison
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Returns By Period
In the year-to-date period, MULT achieves a 1.03% return, which is significantly higher than DIAL's 0.94% return.
MULT
- 1D
- -0.12%
- 1M
- 0.68%
- YTD
- 1.03%
- 6M
- 1.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIAL
- 1D
- -0.03%
- 1M
- 0.61%
- YTD
- 0.94%
- 6M
- 1.01%
- 1Y
- 5.59%
- 3Y*
- 5.87%
- 5Y*
- 0.63%
- 10Y*
- —
MULT vs. DIAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MULT Franklin Multisector Income ETF | 1.03% | 2.14% |
DIAL Columbia Diversified Fixed Income Allocation ETF | 0.94% | 2.49% |
Correlation
The correlation between MULT and DIAL is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 28, 2025 | 0.76 |
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Return for Risk
MULT vs. DIAL — Risk / Return Rank
MULT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DIAL
MULT vs. DIAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Multisector Income ETF (MULT) 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.
| MULT | DIAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.68 | — |
| Martin ratioReturn relative to average drawdown | — | 6.39 | — |
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Drawdowns
MULT vs. DIAL - Drawdown Comparison
The maximum MULT drawdown since its inception was -1.70%, smaller than the maximum DIAL drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for MULT and DIAL.
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Drawdown Indicators
| MULT | DIAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.70% | -22.19% | +20.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.34% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.19% | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.83% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -5.51% | +5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.88% | — |
Volatility
MULT vs. DIAL - Volatility Comparison
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Volatility by Period
| MULT | DIAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 4.16% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 7.05% | -4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.95% | 7.02% | -4.07% |
MULT vs. DIAL - Expense Ratio Comparison
MULT has a 0.39% expense ratio, which is higher than DIAL's 0.29% expense ratio.
Dividends
MULT vs. DIAL - Dividend Comparison
MULT's dividend yield for the trailing twelve months is around 3.40%, less than DIAL's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MULT Franklin Multisector Income ETF | 3.40% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MULT and DIAL have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DIAL is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DIAL is cheaper with a 0.29% expense ratio, compared with 0.39% for MULT.
DIAL has the higher dividend yield at 5.05%, compared with 3.40% for MULT.
They also come from different issuers: Franklin and Ameriprise Financial. Their fees differ too: 0.39% for MULT and 0.29% for DIAL.
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