DALI vs. TACK

Last updated Jun 4, 2026

DALI (First Trust Dorsey Wright DALI 1 ETF) and TACK (Fairlead Tactical Sector Fund) are both Tactical Allocation funds. DALI is passively managed, while TACK is actively managed. Over the past 3 years, DALI returned 7.87%/yr vs 11.07%/yr for TACK. A 0.63 correlation means they provide meaningful diversification when combined. DALI charges 0.90%/yr vs 0.76%/yr for TACK.

Performance

DALI vs. TACK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright DALI 1 ETF (DALI) and Fairlead Tactical Sector Fund (TACK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DALI achieves a 7.72% return, which is significantly higher than TACK's 4.86% return.

DALI

• 1D: -0.79%
• 1M: 2.87%
• YTD: 7.72%
• 6M: 8.33%
• 1Y: 21.34%
• 3Y*: 7.87%
• 5Y*: 5.41%
• 10Y*: —

TACK

• 1D: 0.13%
• 1M: 1.95%
• YTD: 4.86%
• 6M: 5.12%
• 1Y: 13.26%
• 3Y*: 11.07%
• 5Y*: —
• 10Y*: —

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

DALI vs. TACK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DALI First Trust Dorsey Wright DALI 1 ETF	7.72%	11.89%	19.93%	-8.48%	-11.62%
TACK Fairlead Tactical Sector Fund	4.86%	10.93%	11.76%	7.43%	-5.41%

Correlation

The correlation between DALI and TACK is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Mar 24, 2022	0.63

The correlation between DALI and TACK shifts across timeframes, from 0.63 (all time) to 0.76 (3 years), reflecting how their relationship changes across market environments.

DALI vs. TACK - Sectors Allocation Comparison

Sectors	DALI	TACK
Industrials	29.9%	16.1%
Financial Services	10.5%	-
Technology	10.5%	1.1%
Basic Materials	9.9%	14.5%
Energy	9.6%	16.4%
Consumer Cyclical	9.1%	2.3%
Utilities	5.5%	16.8%
Real Estate	5.3%	-
Consumer Defensive	3.5%	16.7%
Healthcare	3.3%	16.1%
Communication Services	3.0%	12.2%

Return for Risk

DALI vs. TACK — Risk / Return Rank

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

DALI

DALI Risk / Return Rank: 35
DALI Sharpe Ratio Rank: 34
DALI Sortino Ratio Rank: 33
DALI Omega Ratio Rank: 33
DALI Calmar Ratio Rank: 34
DALI Martin Ratio Rank: 40

TACK

TACK Risk / Return Rank: 41
TACK Sharpe Ratio Rank: 39
TACK Sortino Ratio Rank: 39
TACK Omega Ratio Rank: 36
TACK Calmar Ratio Rank: 46
TACK Martin Ratio Rank: 44

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. TACK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright DALI 1 ETF (DALI) and Fairlead Tactical Sector Fund (TACK). 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	TACK	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.41	-0.17
Sortino ratio: Return per unit of downside risk	1.77	2.02	-0.25
Omega ratio: Gain probability vs. loss probability	1.23	1.24	-0.01
Calmar ratio: Return relative to maximum drawdown	1.71	2.28	-0.57
Martin ratio: Return relative to average drawdown	6.33	7.16	-0.83
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. TACK - Sharpe Ratio Comparison

The current DALI Sharpe Ratio is 1.24, which is comparable to the TACK Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of DALI and TACK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DALI	TACK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	1.41	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.61	-0.30

Drawdowns

DALI vs. TACK - Drawdown Comparison

The maximum DALI drawdown since its inception was -36.06%, which is greater than TACK's maximum drawdown of -14.49%. Use the drawdown chart below to compare losses from any high point for DALI and TACK.

Drawdown Indicators

	DALI	TACK	Difference
Max Drawdown Largest peak-to-trough decline	-36.06%	-14.49%	-21.57%
Max Drawdown (1Y) Largest decline over 1 year	-12.54%	-5.85%	-6.69%
Max Drawdown (3Y) Largest decline over 3 years	-23.30%	-14.49%	-8.81%
Max Drawdown (5Y) Largest decline over 5 years	-26.26%	—	—
Current Drawdown Current decline from peak	-1.40%	-1.21%	-0.19%
Average Drawdown Average peak-to-trough decline	-10.14%	-4.23%	-5.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	1.86%	+1.52%

Volatility

DALI vs. TACK - Volatility Comparison

First Trust Dorsey Wright DALI 1 ETF (DALI) has a higher volatility of 6.49% compared to Fairlead Tactical Sector Fund (TACK) at 2.43%. This indicates that DALI's price experiences larger fluctuations and is considered to be riskier than TACK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DALI	TACK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	2.43%	+4.06%
Volatility (6M) Calculated over the trailing 6-month period	14.37%	7.06%	+7.31%
Volatility (1Y) Calculated over the trailing 1-year period	17.31%	9.46%	+7.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.66%	11.23%	+8.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	11.23%	+9.69%

DALI vs. TACK - Expense Ratio Comparison

DALI has a 0.90% expense ratio, which is higher than TACK's 0.76% expense ratio.

Dividends

DALI vs. TACK - Dividend Comparison

DALI's dividend yield for the trailing twelve months is around 0.38%, less than TACK's 1.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DALI First Trust Dorsey Wright DALI 1 ETF	0.38%	0.38%	0.18%	3.42%	0.50%	0.11%	1.25%	0.45%	0.17%
TACK Fairlead Tactical Sector Fund	1.21%	1.18%	1.26%	1.29%	0.89%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DALI and TACK in my portfolio?

DALI and TACK have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DALI or TACK?

DALI has higher volatility (6.49%) compared to TACK (2.43%). In terms of maximum drawdown, DALI dropped -36.06% vs TACK's -14.49%.

Which ETF is better, DALI or TACK?

On 3-year performance, TACK leads with 11.07% vs 7.87% for DALI. On fees, TACK is cheaper at 0.76% per year. On volatility, TACK has been the lower-risk option at 2.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DALI or TACK?

Over the 3-year period, TACK has performed better with a 11.07% return vs 7.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DALI or TACK?

TACK is cheaper with a 0.76% expense ratio, compared with 0.90% for DALI.

Which ETF pays a higher dividend yield, DALI or TACK?

TACK has the higher dividend yield at 1.21%, compared with 0.38% for DALI.

What is the main difference between DALI and TACK?

They also come from different issuers: First Trust and Fairlead. Their fees differ too: 0.90% for DALI and 0.76% for TACK.

Which has better risk-adjusted returns?

TACK currently has the higher Sharpe Ratio (1.41 vs 1.24), 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.