- ISIN
- US33738R7127
- CUSIP
- 33738R712
- Issuer
- First Trust
- Inception Date
- May 14, 2018
- Region
- North America (U.S.)
- Category
- Tactical Allocation
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dorsey Wright DALI 1 Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $113M
Share Price Chart
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Performance
DALI Performance Chart
First Trust Dorsey Wright DALI 1 ETF (DALI) is up 6.8% since the beginning of the year. DALI is currently trading at $31 per share. Investors who bought $1,000 worth of DALI shares 5 years ago would now be looking at an investment worth $1,310.
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Returns By Period
First Trust Dorsey Wright DALI 1 ETF (DALI) has returned 6.75% so far this year and 21.16% over the past 12 months.
First Trust Dorsey Wright DALI 1 ETF
- 1D
- 0.44%
- 1M
- 2.84%
- YTD
- 6.75%
- 6M
- 7.82%
- 1Y
- 21.16%
- 3Y*
- 6.10%
- 5Y*
- 5.55%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.08%
- 1M
- 2.00%
- YTD
- 9.57%
- 6M
- 10.71%
- 1Y
- 25.41%
- 3Y*
- 19.37%
- 5Y*
- 12.48%
- 10Y*
- 13.67%
DALI Monthly Returns History
Based on dividend-adjusted daily data since May 15, 2018, DALI's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 66% of months were positive and 34% were negative. The best month was Jan 2019 with a return of +11.6%, while the worst month was Mar 2020 at -15.7%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DALI closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +10.1%, while the worst single day was Mar 16, 2020 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.59% | 1.19% | -8.54% | 9.26% | 2.47% | -1.51% | 6.75% | ||||||
| 2025 | 5.03% | -4.87% | -7.08% | -0.60% | 6.70% | 4.35% | 1.99% | 2.59% | 1.81% | 0.99% | 0.32% | 0.90% | 11.89% |
| 2024 | 1.58% | 7.13% | 2.83% | -5.89% | 3.74% | 2.42% | 1.08% | 1.03% | 2.45% | -0.63% | 8.74% | -5.18% | 19.93% |
| 2023 | 5.92% | -4.27% | 1.28% | 2.94% | -3.48% | 6.56% | 5.57% | -3.66% | -5.75% | -7.85% | -1.55% | -3.20% | -8.48% |
| 2022 | -6.67% | 1.05% | 7.57% | 2.62% | -0.63% | -7.72% | 1.20% | -0.68% | -5.61% | 3.78% | 2.52% | -4.64% | -8.10% |
| 2021 | 1.74% | 5.71% | 1.59% | 3.64% | 0.49% | 2.71% | -0.05% | 2.75% | -4.87% | 6.96% | -0.91% | 1.04% | 22.28% |
Benchmark Metrics
First Trust Dorsey Wright DALI 1 ETF has an annualized alpha of -2.59%, beta of 0.76, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since May 15, 2018.
- This ETF participated in 95.53% of S&P 500 Index downside but only 71.21% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.50 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -2.59%
- Beta
- 0.76
- R²
- 0.50
- Upside Capture
- 71.21%
- Downside Capture
- 95.53%
Expense Ratio
DALI has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DALI ranks 35 for risk / return — below 35% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Dorsey Wright DALI 1 ETF (DALI) and compare them to S&P 500 Index.
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.
| DALI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.81 | -1.11 |
| Martin ratioReturn relative to average drawdown | 6.12 | 12.55 | -6.43 |
Dividends
Dividend History
First Trust Dorsey Wright DALI 1 ETF provided a 0.38% dividend yield over the last twelve months, with an annual payout of $0.12 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.12 | $0.11 | $0.05 | $0.74 | $0.12 | $0.03 | $0.27 | $0.09 | $0.03 |
Dividend yield | 0.38% | 0.38% | 0.18% | 3.42% | 0.50% | 0.11% | 1.25% | 0.45% | 0.17% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Dorsey Wright DALI 1 ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.02 | ||||||
| 2025 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.11 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.05 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.20 | $0.74 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Dorsey Wright DALI 1 ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Dorsey Wright DALI 1 ETF was 36.06%, occurring on Mar 23, 2020. Recovery took 201 trading sessions.
The current First Trust Dorsey Wright DALI 1 ETF drawdown is 2.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -36.06%Mar 2020 | 1mo 2d | 9mo 20d | 10mo 22dFeb 2020 - Jan 2021 |
2023 bear market2023 | -26.26%Dec 2023 | 1y 9mo | 1y 10mo | 3y 7moMar 2022 - Oct 2025 |
Rate-hike selloffLate 2018 | -25.44%Dec 2018 | 3mo 26d | 1y 16d | 1y 4moAug 2018 - Jan 2020 |
Bear market2022 | -15.21%Feb 2022 | 3mo 8d | 12d | 3mo 20dNov 2021 - Mar 2022 |
2026 correction2026 | -12.54%Mar 2026 | 1mo 26d | 1mo 17d | 3mo 13dJan 2026 - May 2026 |
Drawdown Indicators
| DALI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -56.78% | +20.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -9.10% | -3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -23.30% | -18.90% | -4.40% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | -25.43% | -0.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.29% | -1.43% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -10.10% | -10.71% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.03% | +1.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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