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ETFs

Columbia Diversified Fixed Income Allocation ETF

DIAL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 11 2017
Expense Ratio
0.28%
Type
Global Bonds
Fund Owner
Columbia Management
Volume (1m avg. daily)
$1,257,759
AUM
$388,475,305
Associated Index
Beta Advantage Multi-Sector Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
UMBS 30YR TBA(REG A)
4.55%
B 0 10/12/23
TREASURY BILL
2.31%
B 0 01/18/24
TREASURY BILL
2.28%
B 0 02/22/24
TREASURY BILL
2.27%
B 0 02/22/24
TREASURY BILL
2.26%
n/a
UMBS 30YR TBA(REG A)
2.16%
n/a
TREASURY BOND
1.71%
n/a
DREYFUS TRSY PRIME CASH MGMT - IN
1.58%
n/a
UMBS 30YR TBA(REG A)
1.06%
84720
Philippines 9.5 % Bonds 2005-2.2.30 Sr Global
1.06%
Invest with DIAL

What is DIAL?

Columbia Diversified Fixed Income Allocation ETF (the Fund) seeks investment results that, before fees and expenses, closely corresponds to the performance of the Beta Advantage Multi-Sector Bond Index. The Beta Advantage Multi-Sector Bond Index is rules-based multi-sector strategic beta approach to measuring the performance of the debt market through representation of six sectors, each focused on yield, quality, and liquidity of the particular eligible universe. The index will have exposure to the following six sectors of the debt market: U.S. Treasury securities; global ex-U.S. treasury securities; U.S. agency mortgage-backed securities; U.S. corporate investment-grade bonds; U.S. corporate high-yield bonds; and emerging markets sovereign debt. The Fund uses a representative approach which will result in the Fund holding a smaller number of securities than are in the underlying index.

ETFs related toDIAL

ETFs correlated to DIAL include PYLD, IBDY, IGIB

DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
IGIB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF
VCIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
SPBO
SPDR Series Trust - SPDR Portfolio Corporate Bond ETF
CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
SCHI
Schwab Strategic Trust - Schwab 5-10 Year Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDIAL

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with DIAL using Composer

FAQ

DIAL is a Global Bonds ETF. Columbia Diversified Fixed Income Allocation ETF (the Fund) seeks investment results that, before fees and expenses, closely corresponds to the performance of the Beta Advantage Multi-Sector Bond Index. The Beta Advantage Multi-Sector Bond Index is rules-based multi-sector strategic beta approach to measuring the performance of the debt market through representation of six sectors, each focused on yield, quality, and liquidity of the particular eligible universe. The index will have exposure to the following six sectors of the debt market: U.S. Treasury securities; global ex-U.S. treasury securities; U.S. agency mortgage-backed securities; U.S. corporate investment-grade bonds; U.S. corporate high-yield bonds; and emerging markets sovereign debt. The Fund uses a representative approach which will result in the Fund holding a smaller number of securities than are in the underlying index.

DIAL tracks the Beta Advantage Multi-Sector Bond Index.

No, DIAL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DIAL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DIAL is -0.0139%. This is the percent change in the value of DIAL over the most recent 1-month period. The 3-month return on DIAL is -0.0289%. This is the percent change in the value of DIAL over the most recent 3-month period.

The standard deviation of DIAL for the past year is 0.0943%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DIAL include GVI, BLV, and BSV.

ETFs correlated to DIAL include PYLD, IBDY, and IGIB.

ETFs that are inversely correlated to DIAL include TBX, PST, and SJB.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.