DALI vs. QQQ
Compare and contrast key facts about First Trust Dorsey Wright DALI 1 ETF (DALI) and Invesco QQQ (QQQ).
DALI and QQQ 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 Nasdaq Dorsey Wright DALI 1 Index. It was launched on May 14, 2018. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both DALI and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DALI or QQQ.
Key characteristics
| DALI | QQQ | |
|---|---|---|
| YTD Return | 22.82% | 23.99% |
| 1Y Return | 18.52% | 36.58% |
| 3Y Return (Ann) | -0.04% | 8.99% |
| 5Y Return (Ann) | 6.80% | 21.09% |
| Sharpe Ratio | 0.89 | 2.17 |
| Sortino Ratio | 1.32 | 2.86 |
| Omega Ratio | 1.16 | 1.39 |
| Calmar Ratio | 0.61 | 2.79 |
| Martin Ratio | 4.44 | 10.19 |
| Ulcer Index | 3.63% | 3.72% |
| Daily Std Dev | 18.13% | 17.42% |
| Max Drawdown | -36.06% | -82.98% |
| Current Drawdown | -7.82% | 0.00% |
Correlation
The correlation between DALI and QQQ is 0.61, 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.
Performance
DALI vs. QQQ - Performance Comparison
In the year-to-date period, DALI achieves a 22.82% return, which is significantly lower than QQQ's 23.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DALI vs. QQQ - Expense Ratio Comparison
DALI has a 0.91% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
DALI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright DALI 1 ETF (DALI) and Invesco QQQ (QQQ). 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.
Dividends
DALI vs. QQQ - Dividend Comparison
DALI's dividend yield for the trailing twelve months is around 0.87%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DALI First Trust Dorsey Wright DALI 1 ETF | 0.87% | 3.41% | 0.51% | 0.11% | 1.26% | 0.45% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
DALI vs. QQQ - Drawdown Comparison
The maximum DALI drawdown since its inception was -36.06%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DALI and QQQ. For additional features, visit the drawdowns tool.
Volatility
DALI vs. QQQ - Volatility Comparison
First Trust Dorsey Wright DALI 1 ETF (DALI) and Invesco QQQ (QQQ) have volatilities of 5.13% and 5.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.