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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)
$5,247,488
AUM
$498,837,904
Associated Index
Beta Advantage Multi-Sector Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
FNCL 2 2/15
5.25%
n/a
TREASURY BILL DN 8/23
4.44%
n/a
FNCL 2.5 2/11
3.05%
B 0 07/13/23
TREASURY BILL
2.68%
n/a
US TREASURY N/ 2.375 2/42
2.19%
B 0 03/23/23
TREASURY BILL
1.81%
n/a
US TREASURY N/B
1.75%
n/a
BRAZIL REP OF 3.875 6/30
1.26%
n/a
US TREASURY N/ 2.875 5/52
1.15%
n/a
US TREASURY N/ 2.875 5/32
1.15%
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 CGMS, IBDX, KORP

DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income
IBDX
iShares Trust - iShares iBonds Dec 2032 Term Corporate ETF
KORP
American Century ETF Trust - American Century Diversified Corporate Bond ETF
CGCP
Capital Group Companies Inc - Capital Group Core Plus Income ETF
VCIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Corporate Bond ETF
SCHI
Schwab Strategic Trust - Schwab 5-10 Year Corporate Bond ETF
IGIB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF
IGEB
BlackRock Institutional Trust Company N.A. - iShares Investment Grade Bond Factor ETF
SKOR
FlexShares Trust - FlexShares Credit-Scored US Corporate Bond Index Fund
IBDW
iShares Trust - iShares iBonds Dec 2031 Term Corporate 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

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

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.

The top holdings for DIAL include FNCL 2 2/15, TREASURY BILL DN 8/23, and FNCL 2.5 2/11.

DIAL has 669 total holdings.

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 0.0073%. This is the percent change in the value of DIAL over the most recent 1-month period. The 3-month return on DIAL is 0.0755%. 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 0.1105%. 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 AGG, BSV, and BND.

ETFs correlated to DIAL include CGMS, IBDX, and KORP.

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

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.