TDSA vs. DALI

Last updated Jun 4, 2026

TDSA (Cabana Target Drawdown 5 ETF) and DALI (First Trust Dorsey Wright DALI 1 ETF) are both Tactical Allocation funds - TDSA tracks the Actively Managed while DALI tracks the Dorsey Wright DALI 1 Index. Both are passively managed. TDSA charges 0.83%/yr vs 0.90%/yr for DALI.

Performance

TDSA vs. DALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 5 ETF (TDSA) and First Trust Dorsey Wright DALI 1 ETF (DALI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDSA

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DALI

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

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

TDSA vs. DALI - Yearly Performance Comparison

	2026 (YTD)
TDSA Cabana Target Drawdown 5 ETF	0.00%
DALI First Trust Dorsey Wright DALI 1 ETF	3.01%

TDSA vs. DALI - Sectors Allocation Comparison

Sectors	TDSA	DALI
Real Estate	35.5%	5.3%
Technology	24.3%	10.5%
Consumer Cyclical	8.6%	9.1%
Industrials	6.7%	29.9%
Healthcare	6.7%	3.3%
Communication Services	6.5%	3.0%
Financial Services	4.7%	10.5%
Consumer Defensive	3.1%	3.5%
Energy	1.6%	9.6%
Basic Materials	1.2%	9.9%
Utilities	1.0%	5.5%

Return for Risk

TDSA vs. DALI — 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

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.

TDSA vs. DALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 5 ETF (TDSA) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TDSA	DALI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.24	—
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	—

Drawdowns

TDSA vs. DALI - Drawdown Comparison

The maximum TDSA drawdown since its inception was 0.00%, smaller than the maximum DALI drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for TDSA and DALI.

Drawdown Indicators

	TDSA	DALI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-36.06%	+36.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.54%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.26%	—
Current Drawdown Current decline from peak	0.00%	-1.40%	+1.40%
Average Drawdown Average peak-to-trough decline	0.00%	-10.14%	+10.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.38%	—

Volatility

Volatility by Period

	TDSA	DALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	17.31%	-17.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	19.66%	-19.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	20.92%	-20.92%

TDSA vs. DALI - Expense Ratio Comparison

TDSA has a 0.83% expense ratio, which is lower than DALI's 0.90% expense ratio.

Dividends

TDSA vs. DALI - Dividend Comparison

TDSA has not paid dividends to shareholders, while DALI's dividend yield for the trailing twelve months is around 0.38%.

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%
TDSA Cabana Target Drawdown 5 ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, TDSA or DALI?

On fees, TDSA is cheaper at 0.83% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDSA or DALI?

TDSA is cheaper with a 0.83% expense ratio, compared with 0.90% for DALI.

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

DALI has the higher dividend yield at 0.38%, compared with 0.00% for TDSA.

What is the main difference between TDSA and DALI?

TDSA tracks Actively Managed, while DALI tracks Dorsey Wright DALI 1 Index. They also come from different issuers: Cabana and First Trust. Their fees differ too: 0.83% for TDSA and 0.90% for DALI.