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DALI vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DALI and SPY 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.


-0.50.00.51.0
Correlation: 0.7

Performance

DALI vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright DALI 1 ETF (DALI) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%December2025FebruaryMarchAprilMay
29.93%
133.89%
DALI
SPY

Key characteristics

Sharpe Ratio

DALI:

0.32

SPY:

0.72

Sortino Ratio

DALI:

0.60

SPY:

1.13

Omega Ratio

DALI:

1.08

SPY:

1.17

Calmar Ratio

DALI:

0.28

SPY:

0.76

Martin Ratio

DALI:

1.06

SPY:

3.04

Ulcer Index

DALI:

7.02%

SPY:

4.72%

Daily Std Dev

DALI:

23.44%

SPY:

20.06%

Max Drawdown

DALI:

-36.06%

SPY:

-55.19%

Current Drawdown

DALI:

-15.09%

SPY:

-7.25%

Returns By Period

In the year-to-date period, DALI achieves a -5.67% return, which is significantly lower than SPY's -3.01% return.


DALI

YTD

-5.67%

1M

-0.03%

6M

-3.16%

1Y

6.49%

5Y*

8.85%

10Y*

N/A

SPY

YTD

-3.01%

1M

0.40%

6M

-0.12%

1Y

13.65%

5Y*

16.65%

10Y*

12.45%

*Annualized

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DALI vs. SPY - Expense Ratio Comparison

DALI has a 0.91% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for DALI: current value is 0.91%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DALI: 0.91%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

DALI vs. SPY — Risk-Adjusted Performance Rank

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

DALI
The Risk-Adjusted Performance Rank of DALI is 3939
Overall Rank
The Sharpe Ratio Rank of DALI is 3838
Sharpe Ratio Rank
The Sortino Ratio Rank of DALI is 4040
Sortino Ratio Rank
The Omega Ratio Rank of DALI is 3939
Omega Ratio Rank
The Calmar Ratio Rank of DALI is 4040
Calmar Ratio Rank
The Martin Ratio Rank of DALI is 3939
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 7272
Overall Rank
The Sharpe Ratio Rank of SPY is 6969
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 7171
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 7373
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7676
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 7373
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DALI vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright DALI 1 ETF (DALI) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for DALI, currently valued at 0.32, compared to the broader market-1.000.001.002.003.004.00
DALI: 0.32
SPY: 0.72
The chart of Sortino ratio for DALI, currently valued at 0.60, compared to the broader market-2.000.002.004.006.008.00
DALI: 0.60
SPY: 1.13
The chart of Omega ratio for DALI, currently valued at 1.08, compared to the broader market0.501.001.502.002.50
DALI: 1.08
SPY: 1.17
The chart of Calmar ratio for DALI, currently valued at 0.28, compared to the broader market0.002.004.006.008.0010.0012.00
DALI: 0.28
SPY: 0.76
The chart of Martin ratio for DALI, currently valued at 1.06, compared to the broader market0.0020.0040.0060.00
DALI: 1.06
SPY: 3.04

The current DALI Sharpe Ratio is 0.32, which is lower than the SPY Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of DALI and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.32
0.72
DALI
SPY

Dividends

DALI vs. SPY - Dividend Comparison

DALI's dividend yield for the trailing twelve months is around 0.23%, less than SPY's 1.26% yield.


TTM20242023202220212020201920182017201620152014
DALI
First Trust Dorsey Wright DALI 1 ETF
0.23%0.19%3.41%0.51%0.11%1.26%0.45%0.17%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.26%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

DALI vs. SPY - Drawdown Comparison

The maximum DALI drawdown since its inception was -36.06%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DALI and SPY. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-15.09%
-7.25%
DALI
SPY

Volatility

DALI vs. SPY - Volatility Comparison

The current volatility for First Trust Dorsey Wright DALI 1 ETF (DALI) is 14.24%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.07%. This indicates that DALI experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
14.24%
15.07%
DALI
SPY