FV vs. DALI
FV (First Trust Dorsey Wright Focus 5 ETF) and DALI (First Trust Dorsey Wright DALI 1 ETF) are both exchange-traded funds - FV is a Large Cap Growth Equities fund tracking the Dorsey Wright Focus Five Index, while DALI is a Tactical Allocation fund tracking the Dorsey Wright DALI 1 Index. Both are passively managed. Over the past 5 years, FV returned 10.46%/yr vs 5.55%/yr for DALI. A 0.78 correlation means they provide meaningful diversification when combined. FV charges 0.87%/yr vs 0.90%/yr for DALI.
Performance
FV vs. DALI - Performance Comparison
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Returns By Period
In the year-to-date period, FV achieves a 15.81% return, which is significantly higher than DALI's 6.75% return.
FV
- 1D
- 1.35%
- 1M
- 4.31%
- YTD
- 15.81%
- 6M
- 17.37%
- 1Y
- 28.02%
- 3Y*
- 16.68%
- 5Y*
- 10.46%
- 10Y*
- 13.23%
DALI
- 1D
- 0.44%
- 1M
- 2.84%
- YTD
- 6.75%
- 6M
- 7.82%
- 1Y
- 21.16%
- 3Y*
- 6.10%
- 5Y*
- 5.55%
- 10Y*
- —
FV vs. DALI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FV First Trust Dorsey Wright Focus 5 ETF | 15.81% | 7.23% | 14.73% | 11.34% | -3.93% | 21.63% | 28.36% | 25.73% | -15.48% |
DALI First Trust Dorsey Wright DALI 1 ETF | 6.75% | 11.89% | 19.93% | -8.48% | -8.10% | 22.28% | 4.51% | 25.39% | -14.98% |
Correlation
The correlation between FV and DALI is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 15, 2018 | 0.78 |
The correlation between FV and DALI shifts across timeframes, from 0.77 (5 years) to 0.88 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FV vs. DALI — Risk / Return Rank
FV
DALI
FV vs. DALI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Focus 5 ETF (FV) and First Trust Dorsey Wright DALI 1 ETF (DALI). 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.
| FV | DALI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.69 | +0.40 |
| Martin ratioReturn relative to average drawdown | 7.80 | 6.12 | +1.68 |
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Drawdowns
FV vs. DALI - Drawdown Comparison
The maximum FV drawdown since its inception was -34.04%, smaller than the maximum DALI drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for FV and DALI.
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Drawdown Indicators
| FV | DALI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.04% | -36.06% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -13.45% | -12.54% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -23.08% | -23.30% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.08% | -26.26% | +3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -34.04% | — | — |
Current DrawdownCurrent decline from peak | -2.04% | -2.29% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -10.10% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 3.47% | +0.13% |
Volatility
FV vs. DALI - Volatility Comparison
The current volatility for First Trust Dorsey Wright Focus 5 ETF (FV) is 6.26%, while First Trust Dorsey Wright DALI 1 ETF (DALI) has a volatility of 7.07%. This indicates that FV experiences smaller price fluctuations and is considered to be less risky than DALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FV | DALI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 7.07% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 13.51% | 15.42% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 18.18% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 19.82% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 20.97% | +0.51% |
FV vs. DALI - Expense Ratio Comparison
FV has a 0.87% expense ratio, which is lower than DALI's 0.90% expense ratio.
Dividends
FV vs. DALI - Dividend Comparison
FV's dividend yield for the trailing twelve months is around 0.53%, more than DALI's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
FV First Trust Dorsey Wright Focus 5 ETF | 0.53% | 0.63% | 0.14% | 0.47% | 1.38% | 0.11% | 0.06% | 0.56% | 0.19% | 0.67% | 0.95% | 0.14% |
Frequently Asked Questions
FV and DALI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DALI has higher volatility (7.07%) compared to FV (6.26%). In terms of maximum drawdown, FV dropped -34.04% vs DALI's -36.06%.
On 5-year performance, FV leads with 10.46% vs 5.55% for DALI. On fees, FV is cheaper at 0.87% per year. On volatility, FV has been the lower-risk option at 6.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FV has performed better with a 10.46% return vs 5.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FV is cheaper with a 0.87% expense ratio, compared with 0.90% for DALI.
FV has the higher dividend yield at 0.53%, compared with 0.38% for DALI.
FV is categorized as Large Cap Growth Equities, while DALI is Tactical Allocation. FV tracks Dorsey Wright Focus Five Index, while DALI tracks Dorsey Wright DALI 1 Index. Their fees differ too: 0.87% for FV and 0.90% for DALI.
FV currently has the higher Sharpe Ratio (1.76 vs 1.17), 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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