UCON vs. DIAL
Compare and contrast key facts about First Trust TCW Unconstrained Plus Bond ETF (UCON) and Columbia Diversified Fixed Income Allocation ETF (DIAL).
UCON and DIAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018. DIAL is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Bond Index. It was launched on Oct 12, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UCON or DIAL.
Performance
UCON vs. DIAL - Performance Comparison
Returns By Period
In the year-to-date period, UCON achieves a 3.93% return, which is significantly higher than DIAL's 2.46% return.
UCON
3.93%
-0.56%
3.59%
7.21%
2.71%
N/A
DIAL
2.46%
-0.80%
3.84%
7.94%
0.26%
N/A
Key characteristics
| UCON | DIAL | |
|---|---|---|
| Sharpe Ratio | 2.07 | 1.33 |
| Sortino Ratio | 3.06 | 1.93 |
| Omega Ratio | 1.41 | 1.24 |
| Calmar Ratio | 3.24 | 0.55 |
| Martin Ratio | 10.07 | 4.59 |
| Ulcer Index | 0.73% | 1.79% |
| Daily Std Dev | 3.57% | 6.18% |
| Max Drawdown | -15.31% | -22.19% |
| Current Drawdown | -1.63% | -7.80% |
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UCON vs. DIAL - Expense Ratio Comparison
UCON has a 0.76% expense ratio, which is higher than DIAL's 0.28% expense ratio.
Correlation
The correlation between UCON and DIAL is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
UCON vs. DIAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Unconstrained Plus Bond ETF (UCON) 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.
Dividends
UCON vs. DIAL - Dividend Comparison
UCON's dividend yield for the trailing twelve months is around 4.62%, more than DIAL's 4.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.62% | 4.75% | 3.12% | 2.20% | 3.14% | 3.51% | 1.76% | 0.00% |
DIAL Columbia Diversified Fixed Income Allocation ETF | 4.52% | 3.76% | 3.48% | 2.46% | 2.61% | 3.28% | 3.58% | 0.65% |
Drawdowns
UCON vs. DIAL - Drawdown Comparison
The maximum UCON drawdown since its inception was -15.31%, smaller than the maximum DIAL drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for UCON and DIAL. For additional features, visit the drawdowns tool.
Volatility
UCON vs. DIAL - Volatility Comparison
The current volatility for First Trust TCW Unconstrained Plus Bond ETF (UCON) is 0.86%, while Columbia Diversified Fixed Income Allocation ETF (DIAL) has a volatility of 1.36%. This indicates that UCON experiences smaller price fluctuations and is considered to be less risky than DIAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.