First Trust Dorsey Wright DALI Equity ETF
$27.87+0.15 (+0.54%)
- 0.30%
- $97M
- +1.6%
- 1.62%
- 0M sh
- $27.99
- low $26.65high $31.46
The ETF.net DALI Grade
B
Score 62 out of 100
- 14 of 46
Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A91 out of 100Rank 5 of 46Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F13 out of 100Rank 45 of 46Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 14 of 46Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C41 out of 100Rank 31 of 43Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A85 out of 100Rank 2 of 46
Our read on DALI
BTactical, but only inside the stock market. DALI uses Dorsey Wright relative-strength rankings to lean US or international, then buys ETFs to express the call. One decision, rules-based, no exit to cash.
The fund seeks returns generally corresponding to the Nasdaq Dorsey Wright DALI EquityTM Index. The index uses relative-strength analysis to select between domestic and international equity and allocates among ETFs providing exposure to the selected asset class.
Why people hold it
- The whole thesis is one call: US stocks or international. Relative-strength rules make it, and the fund holds ETFs to express it.ftportfolios.com
- Momentum is the advertised screen, run through Dorsey Wright's Dynamic Asset Level Investing framework, so shifts follow measured trend strength instead of a manager's read.ftportfolios.com
- Equity-only by design, spanning US, developed international and emerging markets. Trading since 2018, so the rules have run live through several very different markets.
- The 0.91% expense ratio sits slightly under the norm for tactical multi-asset funds, and distributions come quarterly.
Worth knowing
- 0.91% is only cheap by tactical standards. Rules-based rivals like ENDW at 0.22% and ONOF at 0.39% do their own switching for far less.
- Relative strength is backward-looking by construction: the signal turns after a trend shows up, so inflection points get caught late.
- It trades thinly, so spreads can run wider than in the category's most active names. A small fund by ETF standards, too.
DALI Holdings
- Stocks
- 7
- 100%
- FDT
Sectors
- Industrials25.7%
- Technology14.9%
- Financials9.8%
- Consumer Discretionary9.8%
- Energy9.2%
- Materials8.7%
- Health Care5.4%
- Utilities5.0%
- Consumer Staples4.1%
- Real Estate3.8%
- Communication3.7%
Geography
- United States100.00%
DALI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
DALI$10,160
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DALI |
|---|---|
| Year to date | −2.3% |
| 1 month | −5.5% |
| 3 months | −3.7% |
| 1 year | +1.6% |
| 3 years | +4.8% |
| 5 years | +3.2% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DALI |
|---|---|---|
| 2026 YTD | −2.3% | |
| 2025 | +11.9% | |
| 2024 | +19.9% | |
| 2023 | −8.5% | |
| 2022 | −8.1% | |
| 2021 | +22.3% | |
| 2020 | +4.5% |
DALI in the news
DALI Dividends
- 1.62%
- $0.45
- $0.15 per share
- Quarterly
Distribution history
DALI Risk
- 15.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.13
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −26.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DALI Cost
0.30%
DALI0.30%
- The middle half of Tactical Allocation funds
- Median 0.91%
4 of the 46 Tactical Allocation funds charge less.
Other funds in Tactical Allocation
- BPWSPacer WealthShield ETFExpense ratio 0.60%1 year return +3.7%
- BTOAOThe RBB Fund Trust - Twin Oak Active Opportunities III ETFExpense ratio 0.35%1 year return —
- BPBLPGIM ETF Trust - PGIM Portfolio Ballast ETFExpense ratio 0.45%1 year return +13.1%
- BBDGSBridges Capital Tactical ETFExpense ratio 0.78%1 year return +11.6%
- BMATRHarbor Multi-Asset Explorer ETFExpense ratio 0.80%1 year return +11.2%