NFLT vs. DIAL
NFLT (Virtus Newfleet Multi-Sector Bond ETF) and DIAL (Columbia Diversified Fixed Income Allocation ETF) are both Multisector Bonds funds. NFLT is actively managed, while DIAL is passively managed. Over the past 5 years, NFLT returned 3.14%/yr vs 0.63%/yr for DIAL. A 0.55 correlation means they provide meaningful diversification when combined. NFLT charges 0.50%/yr vs 0.29%/yr for DIAL.
Performance
NFLT vs. DIAL - Performance Comparison
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Returns By Period
In the year-to-date period, NFLT achieves a 1.82% return, which is significantly higher than DIAL's 0.94% return.
NFLT
- 1D
- -0.09%
- 1M
- 0.81%
- YTD
- 1.82%
- 6M
- 1.75%
- 1Y
- 7.05%
- 3Y*
- 7.44%
- 5Y*
- 3.14%
- 10Y*
- 4.06%
DIAL
- 1D
- -0.03%
- 1M
- 0.61%
- YTD
- 0.94%
- 6M
- 1.01%
- 1Y
- 5.59%
- 3Y*
- 5.87%
- 5Y*
- 0.63%
- 10Y*
- —
NFLT vs. DIAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 1.82% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 10.13% | -2.68% | 0.88% |
DIAL Columbia Diversified Fixed Income Allocation ETF | 0.94% | 9.93% | 1.69% | 8.54% | -16.13% | -1.14% | 9.08% | 14.05% | -1.98% | 0.15% |
Correlation
The correlation between NFLT and DIAL is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2017 | 0.55 |
The correlation between NFLT and DIAL shifts across timeframes, from 0.55 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NFLT vs. DIAL — Risk / Return Rank
NFLT
DIAL
NFLT vs. DIAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) 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.
| NFLT | DIAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.24 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 1.68 | +1.25 |
| Martin ratioReturn relative to average drawdown | 12.71 | 6.39 | +6.32 |
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Drawdowns
NFLT vs. DIAL - Drawdown Comparison
The maximum NFLT drawdown since its inception was -15.17%, smaller than the maximum DIAL drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for NFLT and DIAL.
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Drawdown Indicators
| NFLT | DIAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.17% | -22.19% | +7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -3.34% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | -7.01% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -13.42% | -22.19% | +8.77% |
Max Drawdown (10Y)Largest decline over 10 years | -15.17% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.83% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -5.51% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.88% | -0.32% |
Volatility
NFLT vs. DIAL - Volatility Comparison
Virtus Newfleet Multi-Sector Bond ETF (NFLT) has a higher volatility of 1.56% compared to Columbia Diversified Fixed Income Allocation ETF (DIAL) at 1.36%. This indicates that NFLT'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
| NFLT | DIAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.36% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 3.38% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 4.16% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 7.05% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 7.02% | -2.08% |
NFLT vs. DIAL - Expense Ratio Comparison
NFLT has a 0.50% expense ratio, which is higher than DIAL's 0.29% expense ratio.
Dividends
NFLT vs. DIAL - Dividend Comparison
NFLT's dividend yield for the trailing twelve months is around 5.49%, more than DIAL's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.49% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
Frequently Asked Questions
NFLT and DIAL have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFLT has higher volatility (1.56%) compared to DIAL (1.36%). In terms of maximum drawdown, NFLT dropped -15.17% vs DIAL's -22.19%.
On 5-year performance, NFLT leads with 3.14% vs 0.63% for DIAL. On fees, DIAL is cheaper at 0.29% per year. On volatility, DIAL has been the lower-risk option at 1.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NFLT has performed better with a 3.14% return vs 0.63%. 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 0.50% for NFLT.
NFLT has the higher dividend yield at 5.49%, compared with 5.05% for DIAL.
They also come from different issuers: Virtus and Ameriprise Financial. Their fees differ too: 0.50% for NFLT and 0.29% for DIAL.
NFLT currently has the higher Sharpe Ratio (1.69 vs 1.35), 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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