RECS vs. DIAL

Last updated Jun 4, 2026

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 14.04%/yr vs 0.73%/yr for DIAL. At a 0.29 correlation, their price movements are largely independent. RECS charges 0.15%/yr vs 0.29%/yr for DIAL.

Performance

RECS vs. DIAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Research Enhanced Core ETF (RECS) 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, RECS achieves a 6.61% return, which is significantly higher than DIAL's 0.88% return.

RECS

• 1D: -0.75%
• 1M: 4.11%
• YTD: 6.61%
• 6M: 6.84%
• 1Y: 25.02%
• 3Y*: 21.66%
• 5Y*: 14.04%
• 10Y*: 9.89%

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)

RECS vs. DIAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RECS Columbia Research Enhanced Core ETF	6.61%	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	0.88%	9.93%	1.69%	8.54%	-16.13%	-1.14%	9.08%	14.05%	-1.98%	0.00%

Correlation

The correlation between RECS and DIAL is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Oct 13, 2017	0.29

The correlation between RECS and DIAL shifts across timeframes, from 0.29 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.

RECS vs. DIAL - Sectors Allocation Comparison

Sectors	RECS	DIAL
Technology	33.6%	-
Financial Services	13.2%	0.5%
Communication Services	11.0%	-
Consumer Cyclical	10.6%	-
Healthcare	9.9%	-
Industrials	6.7%	-
Consumer Defensive	5.0%	-
Energy	3.4%	-
Real Estate	2.3%	-
Utilities	2.2%	-
Basic Materials	2.1%	-

Return for Risk

RECS vs. DIAL — Risk / Return Rank

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

RECS

RECS Risk / Return Rank: 62
RECS Sharpe Ratio Rank: 63
RECS Sortino Ratio Rank: 63
RECS Omega Ratio Rank: 62
RECS Calmar Ratio Rank: 57
RECS Martin Ratio Rank: 66

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.

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.

	RECS	DIAL	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.64	+0.50
Sortino ratio: Return per unit of downside risk	2.97	2.43	+0.54
Omega ratio: Gain probability vs. loss probability	1.38	1.30	+0.08
Calmar ratio: Return relative to maximum drawdown	2.85	2.00	+0.85
Martin ratio: Return relative to average drawdown	12.27	7.79	+4.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RECS vs. DIAL - Sharpe Ratio Comparison

The current RECS Sharpe Ratio is 2.13, which is higher than the DIAL Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of RECS 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

	RECS	DIAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.64	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.10	+0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.36	+0.02

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.

Drawdown Indicators

	RECS	DIAL	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.93%	-0.88%	-0.05%
Average Drawdown Average peak-to-trough decline	-1.28%	-5.54%	+4.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	0.86%	+1.18%

Volatility

RECS vs. DIAL - Volatility Comparison

Columbia Research Enhanced Core ETF (RECS) has a higher volatility of 2.97% compared to Columbia Diversified Fixed Income Allocation ETF (DIAL) at 1.57%. 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.

Volatility by Period

	RECS	DIAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	1.57%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	8.84%	3.23%	+5.61%
Volatility (1Y) Calculated over the trailing 1-year period	11.78%	4.08%	+7.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.38%	7.03%	+9.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	7.03%	+9.19%

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 1.04%, 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	1.04%	1.11%	1.09%	1.00%	1.41%	20.64%	1.09%	0.49%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RECS and DIAL in my portfolio?

RECS and DIAL have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RECS or DIAL?

RECS has higher volatility (2.97%) compared to DIAL (1.57%). In terms of maximum drawdown, RECS dropped -34.29% vs DIAL's -22.19%.

Which ETF is better, RECS or DIAL?

On 5-year performance, RECS leads with 14.04% vs 0.73% for DIAL. On fees, RECS is cheaper at 0.15% 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, RECS or DIAL?

Over the 5-year period, RECS has performed better with a 14.04% return vs 0.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RECS or DIAL?

RECS is cheaper with a 0.15% expense ratio, compared with 0.29% for DIAL.

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

DIAL has the higher dividend yield at 5.05%, compared with 1.04% for RECS.

What is the main difference between RECS and DIAL?

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.

Which has better risk-adjusted returns?

RECS currently has the higher Sharpe Ratio (2.13 vs 1.64), 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.