DALI vs. FPEI
Compare and contrast key facts about First Trust Dorsey Wright DALI 1 ETF (DALI) and First Trust Institutional Preferred Securities & Income ETF (FPEI).
DALI and FPEI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DALI is a passively managed fund by First Trust that tracks the performance of the Dorsey Wright DALI 1 Index. It was launched on May 14, 2018. FPEI is an actively managed fund by First Trust. It was launched on Aug 22, 2017.
Performance
DALI vs. FPEI - Performance Comparison
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DALI vs. FPEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DALI First Trust Dorsey Wright DALI 1 ETF | -1.83% | 11.89% | 19.93% | -8.48% | -8.10% | 22.28% | 4.51% | 25.39% | -14.81% |
FPEI First Trust Institutional Preferred Securities & Income ETF | -0.32% | 9.82% | 10.94% | 6.29% | -8.19% | 4.63% | 7.08% | 15.86% | -2.66% |
Returns By Period
In the year-to-date period, DALI achieves a -1.83% return, which is significantly lower than FPEI's -0.32% return.
DALI
- 1D
- 1.41%
- 1M
- -6.10%
- YTD
- -1.83%
- 6M
- 0.45%
- 1Y
- 17.62%
- 3Y*
- 5.49%
- 5Y*
- 4.10%
- 10Y*
- —
FPEI
- 1D
- 0.32%
- 1M
- -1.38%
- YTD
- -0.32%
- 6M
- 1.38%
- 1Y
- 7.88%
- 3Y*
- 10.60%
- 5Y*
- 4.23%
- 10Y*
- —
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DALI vs. FPEI - Expense Ratio Comparison
DALI has a 0.90% expense ratio, which is higher than FPEI's 0.85% expense ratio.
Return for Risk
DALI vs. FPEI — Risk / Return Rank
DALI
FPEI
DALI vs. FPEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright DALI 1 ETF (DALI) and First Trust Institutional Preferred Securities & Income ETF (FPEI). 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.
| DALI | FPEI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.74 | -0.90 |
Sortino ratioReturn per unit of downside risk | 1.28 | 2.29 | -1.01 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.40 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.04 | -0.63 |
Martin ratioReturn relative to average drawdown | 4.99 | 8.38 | -3.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DALI | FPEI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.74 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.72 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.55 | -0.29 |
Correlation
The correlation between DALI and FPEI is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DALI vs. FPEI - Dividend Comparison
DALI's dividend yield for the trailing twelve months is around 0.42%, less than FPEI's 5.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DALI First Trust Dorsey Wright DALI 1 ETF | 0.42% | 0.38% | 0.18% | 3.42% | 0.50% | 0.11% | 1.25% | 0.45% | 0.17% | 0.00% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.75% | 5.62% | 5.55% | 5.76% | 5.20% | 4.46% | 4.90% | 5.02% | 5.81% | 1.50% |
Drawdowns
DALI vs. FPEI - Drawdown Comparison
The maximum DALI drawdown since its inception was -36.06%, which is greater than FPEI's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for DALI and FPEI.
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Drawdown Indicators
| DALI | FPEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -27.51% | -8.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -3.90% | -9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | -16.46% | -9.80% |
Current DrawdownCurrent decline from peak | -8.08% | -1.98% | -6.10% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -3.10% | -7.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 0.95% | +2.72% |
Volatility
DALI vs. FPEI - Volatility Comparison
First Trust Dorsey Wright DALI 1 ETF (DALI) has a higher volatility of 7.45% compared to First Trust Institutional Preferred Securities & Income ETF (FPEI) at 2.19%. This indicates that DALI's price experiences larger fluctuations and is considered to be riskier than FPEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DALI | FPEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 2.19% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 13.52% | 2.93% | +10.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.02% | 4.55% | +16.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 5.93% | +13.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 8.92% | +12.00% |