DALI vs. IGLD

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Dorsey Wright DALI 1 ETF (DALI) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD).

DALI and IGLD 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. IGLD is an actively managed fund by First Trust. It was launched on Mar 2, 2021.

Performance

DALI vs. IGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright DALI 1 ETF (DALI) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). The values are adjusted to include any dividend payments, if applicable.

DALI vs. IGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DALI First Trust Dorsey Wright DALI 1 ETF	-3.20%	11.89%	19.93%	-8.48%	-8.10%	14.52%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	5.99%	47.46%	19.36%	9.24%	-2.34%	4.30%

Returns By Period

In the year-to-date period, DALI achieves a -3.20% return, which is significantly lower than IGLD's 5.99% return.

DALI

• 1D: 2.72%
• 1M: -8.54%
• YTD: -3.20%
• 6M: -1.04%
• 1Y: 16.66%
• 3Y*: 5.00%
• 5Y*: 3.81%
• 10Y*: —

IGLD

• 1D: 3.70%
• 1M: -10.43%
• YTD: 5.99%
• 6M: 16.73%
• 1Y: 38.18%
• 3Y*: 24.46%
• 5Y*: 15.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DALI vs. IGLD - Expense Ratio Comparison

DALI has a 0.90% expense ratio, which is higher than IGLD's 0.85% expense ratio.

DALI

First Trust Dorsey Wright DALI 1 ETF

IGLD

FT Cboe Vest Gold Strategy Target Income ETF

Return for Risk

DALI vs. IGLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DALI

DALI Risk / Return Rank: 46
DALI Sharpe Ratio Rank: 44
DALI Sortino Ratio Rank: 44
DALI Omega Ratio Rank: 45
DALI Calmar Ratio Rank: 50
DALI Martin Ratio Rank: 48

IGLD

IGLD Risk / Return Rank: 84
IGLD Sharpe Ratio Rank: 84
IGLD Sortino Ratio Rank: 83
IGLD Omega Ratio Rank: 84
IGLD Calmar Ratio Rank: 83
IGLD Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DALI vs. IGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright DALI 1 ETF (DALI) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). 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	IGLD	Difference
Sharpe ratio Return per unit of total volatility	0.80	1.62	-0.82
Sortino ratio Return per unit of downside risk	1.22	2.09	-0.87
Omega ratio Gain probability vs. loss probability	1.17	1.32	-0.15
Calmar ratio Return relative to maximum drawdown	1.29	2.25	-0.96
Martin ratio Return relative to average drawdown	4.60	9.68	-5.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DALI vs. IGLD - Sharpe Ratio Comparison

The current DALI Sharpe Ratio is 0.80, which is lower than the IGLD Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of DALI and IGLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DALI	IGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.62	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	1.05	-0.85
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	1.05	-0.80

Correlation

The correlation between DALI and IGLD is 0.22, 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. IGLD - Dividend Comparison

DALI's dividend yield for the trailing twelve months is around 0.42%, less than IGLD's 12.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	12.45%	9.91%	20.81%	7.85%	4.45%	2.24%	0.00%	0.00%	0.00%

Drawdowns

DALI vs. IGLD - Drawdown Comparison

The maximum DALI drawdown since its inception was -36.06%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for DALI and IGLD.

Drawdown Indicators

	DALI	IGLD	Difference
Max Drawdown Largest peak-to-trough decline	-36.06%	-18.59%	-17.47%
Max Drawdown (1Y) Largest decline over 1 year	-12.98%	-17.56%	+4.58%
Max Drawdown (5Y) Largest decline over 5 years	-26.26%	-18.59%	-7.67%
Current Drawdown Current decline from peak	-9.35%	-11.57%	+2.22%
Average Drawdown Average peak-to-trough decline	-10.31%	-5.01%	-5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	4.08%	-0.45%

Volatility

DALI vs. IGLD - Volatility Comparison

The current volatility for First Trust Dorsey Wright DALI 1 ETF (DALI) is 8.34%, while FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 11.19%. This indicates that DALI experiences smaller price fluctuations and is considered to be less risky than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DALI	IGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.34%	11.19%	-2.85%
Volatility (6M) Calculated over the trailing 6-month period	13.45%	21.21%	-7.76%
Volatility (1Y) Calculated over the trailing 1-year period	20.98%	23.75%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.49%	14.90%	+4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	14.86%	+6.06%