DALI vs. GRID
Compare and contrast key facts about First Trust Dorsey Wright DALI 1 ETF (DALI) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).
DALI and GRID 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. GRID is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. It was launched on Nov 17, 2009. Both DALI and GRID are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DALI vs. GRID - Performance Comparison
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DALI vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DALI First Trust Dorsey Wright DALI 1 ETF | -3.20% | 11.89% | 19.93% | -8.48% | -8.10% | 22.28% | 4.51% | 25.39% | -14.81% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 6.96% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 42.80% | -24.90% |
Returns By Period
In the year-to-date period, DALI achieves a -3.20% return, which is significantly lower than GRID's 6.96% return.
DALI
- 1D
- 2.72%
- 1M
- -8.54%
- YTD
- -3.20%
- 6M
- -1.04%
- 1Y
- 16.66%
- 3Y*
- 5.00%
- 5Y*
- 3.81%
- 10Y*
- —
GRID
- 1D
- 3.81%
- 1M
- -7.97%
- YTD
- 6.96%
- 6M
- 8.57%
- 1Y
- 46.12%
- 3Y*
- 20.12%
- 5Y*
- 14.69%
- 10Y*
- 18.08%
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DALI vs. GRID - Expense Ratio Comparison
DALI has a 0.90% expense ratio, which is higher than GRID's 0.70% expense ratio.
Return for Risk
DALI vs. GRID — Risk / Return Rank
DALI
GRID
DALI vs. GRID - 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 Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). 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 | GRID | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 2.16 | -1.37 |
Sortino ratioReturn per unit of downside risk | 1.22 | 2.95 | -1.73 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 3.82 | -2.53 |
Martin ratioReturn relative to average drawdown | 4.60 | 14.42 | -9.82 |
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 | GRID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 2.16 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.71 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.52 | -0.27 |
Correlation
The correlation between DALI and GRID is 0.66, 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.
Dividends
DALI vs. GRID - Dividend Comparison
DALI's dividend yield for the trailing twelve months is around 0.42%, less than GRID's 0.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 0.92% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
Drawdowns
DALI vs. GRID - Drawdown Comparison
The maximum DALI drawdown since its inception was -36.06%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for DALI and GRID.
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Drawdown Indicators
| DALI | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -40.56% | +4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -11.73% | -1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | -29.64% | +3.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -9.35% | -8.37% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -8.50% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 3.11% | +0.52% |
Volatility
DALI vs. GRID - Volatility Comparison
The current volatility for First Trust Dorsey Wright DALI 1 ETF (DALI) is 8.34%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 9.26%. This indicates that DALI experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DALI | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 9.26% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 14.14% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.98% | 21.44% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 20.68% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 22.74% | -1.82% |