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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
0.92%
Type
Global Diversified
Fund Owner
First Trust
Volume (1m avg. daily)
$621,267
AUM
$138,054,048
Associated Index
Nasdaq DorseyWright DALI 1 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

FDT
First Trust Exchange-Traded Fund III - First Trust Developed Markets ex-US AlphaDEX Fund
17.48%
FEM
First Trust Exchange-Traded Fund III - First Trust Emerging Markets AlphaDEX Fund
17.37%
FSZ
First Trust Exchange-Traded Fund III - First Trust Switzerland AlphaDEX Fund
13.66%
FJP
First Trust Exchange-Traded Fund III - First Trust Japan AlphaDEX Fund
13.34%
FLN
First Trust Exchange-Traded Fund III - First Trust Latin America AlphaDEX Fund
13.03%
FGD
First Trust Exchange-Traded Fund III - First Trust Dow Jones Global Select Dividend Index Fund
12.72%
NFTY
First Trust Exchange-Traded Fund III - First Trust India Nifty 50 Equal Weight ETF
12.37%
n/a
US Dollar
0.03%
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 FTGC, BCI, COMB

DALI
First Trust Exchange-Traded Fund VI - First Trust Dorsey Wright DALI 1 ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
COMB
GraniteShares Gold Trust - GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
CMDY
BlackRock Institutional Trust Company N.A. - iShares Bloomberg Roll Select Commodity Strategy ETF
DJP
Barclays Bank PLC - iPath Bloomberg Commodity Total Return ETN
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF
USCI
United States Commodity Funds LLC - United States Commodity Index Fund
GCC
WisdomTree Commodity Services LLC - WisdomTree EnhancedContinuous Commodity Index Fund
DBC
DB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 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.

Automated Strategies
Related toDALI

#DALIO

The Dalio

Category

Classic

Risk Rating

Conservative

#TOTAL

The Total Package

Category

Getting Started, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with DALI using Composer

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 -0.0408%. This is the percent change in the value of DALI over the most recent 1-month period. The 3-month return on DALI is -0.0088%. 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 0.1851%. 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 PGF, AMJ, and AOR.

ETFs correlated to DALI include FTGC, BCI, and COMB.

ETFs that are inversely correlated to DALI include SCO, DRIP, and DUG.

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.