RDFI vs. DIAL

Last updated Jun 4, 2026

RDFI (Rareview Dynamic Fixed Income ETF) and DIAL (Columbia Diversified Fixed Income Allocation ETF) are both Multisector Bonds funds. RDFI is actively managed, while DIAL is passively managed. Over the past 5 years, RDFI returned 2.68%/yr vs 0.73%/yr for DIAL. A 0.57 correlation means they provide meaningful diversification when combined. RDFI charges 3.69%/yr vs 0.29%/yr for DIAL.

Performance

RDFI vs. DIAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rareview Dynamic Fixed Income ETF (RDFI) and Columbia Diversified Fixed Income Allocation ETF (DIAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDFI achieves a 1.30% return, which is significantly higher than DIAL's 0.88% return.

RDFI

• 1D: -0.53%
• 1M: -0.20%
• YTD: 1.30%
• 6M: 1.38%
• 1Y: 8.58%
• 3Y*: 10.47%
• 5Y*: 2.68%
• 10Y*: —

DIAL

• 1D: -0.31%
• 1M: 0.53%
• YTD: 0.88%
• 6M: 0.93%
• 1Y: 6.65%
• 3Y*: 5.85%
• 5Y*: 0.73%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RDFI vs. DIAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RDFI Rareview Dynamic Fixed Income ETF	1.30%	9.83%	13.15%	8.57%	-17.06%	12.51%	8.65%
DIAL Columbia Diversified Fixed Income Allocation ETF	0.88%	9.93%	1.69%	8.54%	-16.13%	-1.14%	2.93%

Correlation

The correlation between RDFI and DIAL is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.57

The correlation between RDFI and DIAL shifts across timeframes, from 0.57 (all time) to 0.67 (3 years), reflecting how their relationship changes across market environments.

RDFI vs. DIAL - Sectors Allocation Comparison

Sectors	RDFI	DIAL
Financial Services	57.4%	0.5%
Energy	32.0%	-
Utilities	3.7%	-
Real Estate	2.2%	-
Industrials	2.0%	-
Technology	1.7%	-
Consumer Cyclical	0.4%	-
Basic Materials	0.3%	-
Communication Services	0.1%	-
Consumer Defensive	0.1%	-
Healthcare	0.0%	-

Return for Risk

RDFI vs. DIAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDFI

RDFI Risk / Return Rank: 31
RDFI Sharpe Ratio Rank: 34
RDFI Sortino Ratio Rank: 32
RDFI Omega Ratio Rank: 37
RDFI Calmar Ratio Rank: 23
RDFI Martin Ratio Rank: 29

DIAL

DIAL Risk / Return Rank: 46
DIAL Sharpe Ratio Rank: 47
DIAL Sortino Ratio Rank: 50
DIAL Omega Ratio Rank: 47
DIAL Calmar Ratio Rank: 40
DIAL Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RDFI vs. DIAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rareview Dynamic Fixed Income ETF (RDFI) 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.

	RDFI	DIAL	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.64	-0.41
Sortino ratio: Return per unit of downside risk	1.71	2.43	-0.72
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.05
Calmar ratio: Return relative to maximum drawdown	1.08	2.00	-0.92
Martin ratio: Return relative to average drawdown	4.10	7.79	-3.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDFI vs. DIAL - Sharpe Ratio Comparison

The current RDFI Sharpe Ratio is 1.22, which is comparable to the DIAL Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of RDFI and DIAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RDFI	DIAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.64	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.10	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.36	+0.40

Drawdowns

RDFI vs. DIAL - Drawdown Comparison

The maximum RDFI drawdown since its inception was -23.71%, which is greater than DIAL's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for RDFI and DIAL.

Drawdown Indicators

	RDFI	DIAL	Difference
Max Drawdown Largest peak-to-trough decline	-23.71%	-22.19%	-1.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.01%	-3.34%	-4.67%
Max Drawdown (3Y) Largest decline over 3 years	-10.41%	-7.01%	-3.40%
Max Drawdown (5Y) Largest decline over 5 years	-23.71%	-22.19%	-1.52%
Current Drawdown Current decline from peak	-3.22%	-0.88%	-2.34%
Average Drawdown Average peak-to-trough decline	-7.21%	-5.54%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	0.86%	+1.24%

Volatility

RDFI vs. DIAL - Volatility Comparison

Rareview Dynamic Fixed Income ETF (RDFI) has a higher volatility of 2.34% compared to Columbia Diversified Fixed Income Allocation ETF (DIAL) at 1.57%. This indicates that RDFI'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.

Volatility by Period

	RDFI	DIAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	1.57%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	6.24%	3.23%	+3.01%
Volatility (1Y) Calculated over the trailing 1-year period	7.05%	4.08%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.15%	7.03%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.96%	7.03%	+0.93%

RDFI vs. DIAL - Expense Ratio Comparison

RDFI has a 3.69% expense ratio, which is higher than DIAL's 0.29% expense ratio.

Dividends

RDFI vs. DIAL - Dividend Comparison

RDFI's dividend yield for the trailing twelve months is around 8.34%, more 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%
RDFI Rareview Dynamic Fixed Income ETF	8.34%	8.17%	8.14%	7.38%	4.70%	6.78%	1.01%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDFI and DIAL in my portfolio?

RDFI and DIAL have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDFI or DIAL?

RDFI has higher volatility (2.34%) compared to DIAL (1.57%). In terms of maximum drawdown, RDFI dropped -23.71% vs DIAL's -22.19%.

Which ETF is better, RDFI or DIAL?

On 5-year performance, RDFI leads with 2.68% vs 0.73% for DIAL. On fees, DIAL is cheaper at 0.29% per year. On volatility, DIAL has been the lower-risk option at 1.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDFI or DIAL?

Over the 5-year period, RDFI has performed better with a 2.68% return vs 0.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDFI or DIAL?

DIAL is cheaper with a 0.29% expense ratio, compared with 3.69% for RDFI.

Which ETF pays a higher dividend yield, RDFI or DIAL?

RDFI has the higher dividend yield at 8.34%, compared with 5.05% for DIAL.

What is the main difference between RDFI and DIAL?

They also come from different issuers: Rareview Funds and Ameriprise Financial. Their fees differ too: 3.69% for RDFI and 0.29% for DIAL.

Which has better risk-adjusted returns?

DIAL currently has the higher Sharpe Ratio (1.64 vs 1.22), 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.