RECS vs. DIAL
RECS (Columbia Research Enhanced Core ETF) and DIAL (Columbia Diversified Fixed Income Allocation ETF) are both exchange-traded funds - RECS is a Large Cap Growth Equities fund tracking the Beta Advantage Research Enhanced U.S. Equity 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, RECS returned 13.53%/yr vs 0.63%/yr for DIAL. At a 0.30 correlation, their price movements are largely independent. RECS charges 0.15%/yr vs 0.29%/yr for DIAL.
Performance
RECS vs. DIAL - Performance Comparison
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Returns By Period
In the year-to-date period, RECS achieves a 4.95% return, which is significantly higher than DIAL's 0.94% return.
RECS
- 1D
- -0.60%
- 1M
- -0.92%
- YTD
- 4.95%
- 6M
- 3.98%
- 1Y
- 21.27%
- 3Y*
- 20.55%
- 5Y*
- 13.53%
- 10Y*
- 9.72%
DIAL
- 1D
- -0.03%
- 1M
- 0.61%
- YTD
- 0.94%
- 6M
- 1.01%
- 1Y
- 5.59%
- 3Y*
- 5.87%
- 5Y*
- 0.63%
- 10Y*
- —
RECS vs. DIAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RECS Columbia Research Enhanced Core ETF | 4.95% | 19.30% | 26.27% | 23.19% | -14.39% | 32.73% | 15.35% | -0.93% | 0.00% | 0.00% |
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 RECS and DIAL is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2017 | 0.30 |
Over the past year, RECS and DIAL have become more correlated (0.54) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
RECS vs. DIAL — Risk / Return Rank
RECS
DIAL
RECS vs. DIAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Core ETF (RECS) 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.
| RECS | DIAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.24 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 1.68 | +0.74 |
| Martin ratioReturn relative to average drawdown | 10.23 | 6.39 | +3.84 |
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Drawdowns
RECS vs. DIAL - Drawdown Comparison
The maximum RECS drawdown since its inception was -34.29%, which is greater than DIAL's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for RECS and DIAL.
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Drawdown Indicators
| RECS | DIAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -22.19% | -12.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -3.34% | -5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | -7.01% | -11.59% |
Max Drawdown (5Y)Largest decline over 5 years | -22.08% | -22.19% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -34.29% | — | — |
Current DrawdownCurrent decline from peak | -2.48% | -0.83% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -5.51% | +4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 0.88% | +1.20% |
Volatility
RECS vs. DIAL - Volatility Comparison
Columbia Research Enhanced Core ETF (RECS) has a higher volatility of 3.90% compared to Columbia Diversified Fixed Income Allocation ETF (DIAL) at 1.36%. This indicates that RECS'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
| RECS | DIAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 1.36% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.38% | 3.38% | +6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 4.16% | +7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 7.05% | +9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 7.02% | +9.24% |
RECS vs. DIAL - Expense Ratio Comparison
RECS has a 0.15% expense ratio, which is lower than DIAL's 0.29% expense ratio.
Dividends
RECS vs. DIAL - Dividend Comparison
RECS's dividend yield for the trailing twelve months is around 1.06%, 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% |
RECS Columbia Research Enhanced Core ETF | 1.06% | 1.11% | 1.09% | 1.00% | 1.41% | 20.64% | 1.09% | 0.49% | 0.00% | 0.00% |
Frequently Asked Questions
RECS and DIAL have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RECS has higher volatility (3.90%) compared to DIAL (1.36%). In terms of maximum drawdown, RECS dropped -34.29% vs DIAL's -22.19%.
On 5-year performance, RECS leads with 13.53% vs 0.63% for DIAL. On fees, RECS is cheaper at 0.15% 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, RECS has performed better with a 13.53% return vs 0.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RECS is cheaper with a 0.15% expense ratio, compared with 0.29% for DIAL.
DIAL has the higher dividend yield at 5.05%, compared with 1.06% for RECS.
RECS is categorized as Large Cap Growth Equities, while DIAL is Multisector Bonds. RECS tracks Beta Advantage Research Enhanced U.S. Equity Index, while DIAL tracks Bloomberg Beta Advantage Multi-Sector Bond Index. Their fees differ too: 0.15% for RECS and 0.29% for DIAL.
RECS currently has the higher Sharpe Ratio (1.77 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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