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ETFs

First Trust Exchange-Traded Fund VI First Trust Dorsey Wright DALI 1 ETF

DALI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 14, 2018
Expense Ratio
1.18%
Type
Global Diversified
Fund Owner
First Trust
Volume (1m avg. daily)
$269,700
AUM
$145,022,049
Associated Index
Nasdaq DorseyWright DALI 1 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

FTC
First Trust Exchange-Traded Fund III - First Trust Large Capital Growth AlphaDEX Fund
17.89%
FYC
First Trust Exchange-Traded Fund III - First Trust Small Cap Growth AlphaDEX Fund
17.17%
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
13.28%
FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
13.00%
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
12.95%
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
12.83%
FTXL
First Trust Exchange-Traded Fund III - First Trust Nasdaq Semiconductor ETF
12.68%
n/a
US Dollar
0.20%
Invest with DALI

What is DALI?

The First Trust Dorsey Wright DALI 1 ETF seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Nasdaq DorseyWright DALI 1 Index (the "Index"). The Nasdaq Dorsey Wright DALI 1 Index is designed to provide exposure to the asset class that Dorsey, Wright & Associates (DWA) believes may outperform using their Dynamic Asset Level Investing (DALI) process. The Nasdaq Dorsey Wright DALI1 Index is a rules-based, quantitatively enabled index which is designed to catch the long-term trends of both the market and strong asset classes when the overall environment is bullish and supportive of higher prices.

ETFs related toDALI

ETFs correlated to DALI include LGRO, XAUG, GAUG

DALI
First Trust Exchange-Traded Fund VI - First Trust Dorsey Wright DALI 1 ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
TJUL
Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2025
EMC
Global X Funds - Global X Emerging Markets Great Consumer ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

DALI is a Global Diversified ETF. The First Trust Dorsey Wright DALI 1 ETF seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Nasdaq DorseyWright DALI 1 Index (the "Index"). The Nasdaq Dorsey Wright DALI 1 Index is designed to provide exposure to the asset class that Dorsey, Wright & Associates (DWA) believes may outperform using their Dynamic Asset Level Investing (DALI) process. The Nasdaq Dorsey Wright DALI1 Index is a rules-based, quantitatively enabled index which is designed to catch the long-term trends of both the market and strong asset classes when the overall environment is bullish and supportive of higher prices.

DALI tracks the Nasdaq DorseyWright DALI 1 Index.

No, DALI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DALI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DALI is -0.0296%. This is the percent change in the value of DALI over the most recent 1-month period. The 3-month return on DALI is -0.0295%. This is the percent change in the value of DALI over the most recent 3-month period.

The standard deviation of DALI for the past year is 0.1551%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DALI include AOR, DRSK, and FPEI.

ETFs correlated to DALI include LGRO, XAUG, and GAUG.

ETFs that are inversely correlated to DALI include EFZ, EPV, and EDZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.