DALI vs. KNG
DALI (First Trust Dorsey Wright DALI 1 ETF) and KNG (FT Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - DALI is a Tactical Allocation fund tracking the Dorsey Wright DALI 1 Index, while KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. Both are passively managed. Over the past 5 years, DALI returned 4.06%/yr vs 6.03%/yr for KNG. At a 0.48 correlation, their price movements are largely independent. DALI charges 0.90%/yr vs 0.75%/yr for KNG.
Performance
DALI vs. KNG - Performance Comparison
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Returns By Period
In the year-to-date period, DALI achieves a -0.65% return, which is significantly lower than KNG's 9.14% return.
DALI
- 1D
- -1.54%
- 1M
- -7.76%
- 6M
- -6.20%
- YTD
- -0.65%
- 1Y
- 8.05%
- 3Y*
- 2.82%
- 5Y*
- 4.06%
- 10Y*
- —
KNG
- 1D
- 2.21%
- 1M
- 2.96%
- 6M
- 4.42%
- YTD
- 9.14%
- 1Y
- 12.58%
- 3Y*
- 7.68%
- 5Y*
- 6.03%
- 10Y*
- —
DALI vs. KNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DALI First Trust Dorsey Wright DALI 1 ETF | -0.65% | 11.89% | 19.93% | -8.48% | -8.10% | 22.28% | 4.51% | 25.39% | -14.98% |
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 9.14% | 6.63% | 5.99% | 7.48% | -7.03% | 24.78% | 7.21% | 26.64% | -2.29% |
Correlation
The correlation between DALI and KNG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 15, 2018 | 0.48 |
The correlation between DALI and KNG shifts across timeframes, from 0.35 (1 year) to 0.49 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DALI vs. KNG — Risk / Return Rank
DALI
KNG
DALI vs. KNG - 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 Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG). 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.
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 | KNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.21 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.47 | -0.82 |
| Martin ratioReturn relative to average drawdown | 2.08 | 3.67 | -1.60 |
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Drawdowns
DALI vs. KNG - Drawdown Comparison
The maximum DALI drawdown since its inception was -36.06%, roughly equal to the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for DALI and KNG.
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Drawdown Indicators
| DALI | KNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -35.12% | -0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -8.61% | -3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -23.30% | -14.24% | -9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | -18.20% | -8.06% |
Current DrawdownCurrent decline from peak | -9.06% | -0.41% | -8.65% |
Average DrawdownAverage peak-to-trough decline | -10.07% | -4.10% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 3.43% | +0.45% |
Volatility
DALI vs. KNG - Volatility Comparison
First Trust Dorsey Wright DALI 1 ETF (DALI) has a higher volatility of 6.14% compared to FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) at 4.20%. This indicates that DALI's price experiences larger fluctuations and is considered to be riskier than KNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DALI | KNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 4.20% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 16.05% | 8.16% | +7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 10.73% | +8.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.95% | 13.64% | +6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 17.14% | +3.84% |
DALI vs. KNG - Expense Ratio Comparison
DALI has a 0.90% expense ratio, which is higher than KNG's 0.75% expense ratio.
Dividends
DALI vs. KNG - Dividend Comparison
DALI's dividend yield for the trailing twelve months is around 1.20%, less than KNG's 8.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DALI First Trust Dorsey Wright DALI 1 ETF | 1.20% | 0.38% | 0.18% | 3.42% | 0.50% | 0.11% | 1.25% | 0.45% | 0.17% |
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.17% | 8.61% | 9.08% | 5.91% | 4.00% | 3.45% | 3.62% | 4.09% | 3.46% |
Frequently Asked Questions
DALI and KNG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DALI has higher volatility (6.14%) compared to KNG (4.20%). In terms of maximum drawdown, DALI dropped -36.06% vs KNG's -35.12%.
On 5-year performance, KNG leads with 6.03% vs 4.06% for DALI. On fees, KNG is cheaper at 0.75% per year. On volatility, KNG has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KNG has performed better with a 6.03% return vs 4.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KNG is cheaper with a 0.75% expense ratio, compared with 0.90% for DALI.
KNG has the higher dividend yield at 8.17%, compared with 1.20% for DALI.
DALI is categorized as Tactical Allocation, while KNG is Dividend. DALI tracks Dorsey Wright DALI 1 Index, while KNG tracks Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. Their fees differ too: 0.90% for DALI and 0.75% for KNG.
KNG currently has the higher Sharpe Ratio (1.18 vs 0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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