DALI vs HECO

Comparison between FIRST TRUST DORSEY WRIGHT DALI EQUITY ETF (DALI, ETF) and SPDR GALAXY HEDGED DIGITAL ASSET ECOSYSTEM ETF (HECO, ETF).

DALI vs HECO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DALI(ETF)	HECO(ETF)
Net Assets	$115M	$116M
Expense Ratio	0.91%	0.90%
Max Drawdown	36.06%	45.90%
Sharpe Ratio	0.85	2.21
5Y Beta	1.12	1.84
P/E Ratio	N/A	-35.71
Forward P/E	N/A	27.29
PEG Ratio	N/A	-0.10
5Y Dividends CAGR	-13.63%	N/A
5Y EPS CAGR	N/A	39.57%
P/S Ratio	N/A	4.67
P/B Ratio	N/A	7.38

Net Assets

DALI

$115M

Winner

HECO

$116M

Expense Ratio

DALI

0.91%

Winner

HECO

0.90%

Max Drawdown

Winner

DALI

36.06%

HECO

45.90%

Sharpe Ratio

DALI

0.85

Winner

HECO

2.21

5Y Beta

Winner

DALI

1.12

HECO

1.84

P/E Ratio

DALI

N/A

HECO

-35.71

Forward P/E

DALI

N/A

HECO

27.29

PEG Ratio

DALI

N/A

HECO

-0.10

5Y Dividends CAGR

DALI

-13.63%

HECO

N/A

5Y EPS CAGR

DALI

N/A

HECO

39.57%

P/S Ratio

DALI

N/A

HECO

4.67

P/B Ratio

DALI

N/A

HECO

7.38

DALI vs HECO - Holdings Comparison

DALI and HECO have 0 common holdings. Overlap is 0.00%

DALI's top 25 holdings weight is 99.97%. HECO's top 25 holdings weight is 96.75%.

Rank	DALI	HECO
#1	FIRST TRUST DEV MKTS EX-US ALPHADEX® ETF (FDT) - 18.11%	RIOT PLATFORMS INC (RIOT) - 14.59%
#2	FIRST TRUST EMERGING MRKTS ALPHADEX® ETF (FEM) - 17.07%	CIPHER DIGITAL INC (CIFR) - 10.14%
#3	FIRST TRUST ASIAPAC EX-JPN ALPHADEX® ETF (FPA) - 15.02%	KEEL INFRASTRUCTURE CORP (n/a) - 9.78%
#4	FIRST TRUST EUROZONE ALPHADEX® ETF (FEUZ) - 12.81%	CLEANSPARK INC (CLSK) - 7.78%
#5	FIRST TRUST GERMANY ALPHADEX® ETF (FGM) - 12.68%	MICRON TECHNOLOGY INC (MU) - 4.92%
#6	FIRST TRUST EUROPE ALPHADEX® ETF (FEP) - 12.63%	DATADOG INC CLASS A (DDOG) - 3.75%
#7	FIRST TRUST CHINA ALPHADEX® ETF (FCA) - 11.65%	ROBINHOOD MARKETS INC CLASS A (HOOD) - 3.66%
#8	N/A	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 3.64%
#9	N/A	PALO ALTO NETWORKS INC (PANW) - 3.63%
#10	N/A	NVIDIA CORP (NVDA) - 3.59%
#11	N/A	MICROSOFT CORP (MSFT) - 2.89%
#12	N/A	LAM RESEARCH CORP (LRCX) - 2.65%
#13	N/A	n/a (n/a) - 2.58%
#14	N/A	APPLIED MATERIALS INC (AMAT) - 2.55%
#15	N/A	HUT 8 CORP (HUT) - 2.52%
#16	N/A	VISA INC CLASS A (V) - 2.17%
#17	N/A	TERAWULF INC (WULF) - 2.10%
#18	N/A	MASTERCARD INC CLASS A (MA) - 2.05%
#19	N/A	JPMORGAN CHASE & CO (JPM) - 1.98%
#20	N/A	n/a (n/a) - 1.86%
#21	N/A	BLACKROCK INC (BLK) - 1.83%
#22	N/A	n/a (TSM) - 1.78%
#23	N/A	MORGAN STANLEY (MS) - 1.77%
#24	N/A	NVENT ELECTRIC PLC (NVT) - 1.29%
#25	N/A	AMPHENOL CORP CLASS A (APH) - 1.25%
Total Holdings	7	76

DALI vs HECO - Historical Returns

Returns include dividend reinvestment.

Period	DALI	HECO
1 month	-1.45%	+16.06%
3 months	+8.44%	+58.15%
6 months	+6.09%	+57.25%
1 year	+18.99%	+123.35%
5 years(CAGR)	+4.91%	N/A
10 years(CAGR)	+6.28%	N/A
Max(CAGR)	+6.28%	+76.58%

DALI

-1.45%

Winner

HECO

+16.06%

DALI

+8.44%

Winner

HECO

+58.15%

DALI

+6.09%

Winner

HECO

+57.25%

DALI

+18.99%

Winner

HECO

+123.35%

5Y(CAGR)

DALI

+4.91%

HECO

N/A

10Y(CAGR)

DALI

+6.28%

HECO

N/A

Max(CAGR)

DALI

+6.28%

Winner

HECO

+76.58%

DALI vs HECO - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	DALI	HECO
2026	+4.61%	+57.50%
2025	+11.89%	+23.32%
2024	+20.16%	+27.48%
2023	-7.34%	N/A
2022	-8.39%	N/A
2021	+24.04%	N/A
2020	+4.46%	N/A
2019	+25.32%	N/A
2018	-14.81%	N/A

DALI vs HECO Drawdown Comparison

The maximum drawdown for DALI was -36.06%, occurring on Mar 23, 2020. Recovery took 224 trading sessions.

The maximum drawdown for HECO was -44.54%, occurring on Apr 8, 2025. Recovery took 185 trading sessions.

The current DALI drawdown is -2.83%. The current HECO drawdown is -3.18%.

Rank	DALI	HECO
#1	-36.06% Feb 19, 2020 - Jan 7, 2021	-44.54% Dec 16, 2024 - Sep 15, 2025
#2	-26.27% Mar 8, 2022 - Oct 24, 2025	-21.03% Jan 16, 2026 - Apr 15, 2026
#3	-25.44% Aug 29, 2018 - Jan 9, 2020	-19.38% Oct 15, 2025 - Jan 16, 2026
#4	-15.21% Nov 16, 2021 - Mar 7, 2022	-9.16% Nov 11, 2024 - Dec 4, 2024
#5	-12.54% Jan 22, 2026 - May 6, 2026	-8.57% Dec 6, 2024 - Dec 16, 2024
#6	-8.60% Feb 12, 2021 - Apr 9, 2021	-8.13% Jun 1, 2026 - Jun 10, 2026
#7	-7.62% Oct 27, 2025 - Dec 10, 2025	-7.93% Oct 29, 2024 - Nov 6, 2024
#8	-6.70% Apr 27, 2021 - Jun 8, 2021	-5.53% Apr 24, 2026 - May 4, 2026
#9	-6.43% May 11, 2026 - Jun 10, 2026	-5.32% Sep 26, 2024 - Oct 11, 2024
#10	-5.56% Sep 3, 2021 - Oct 21, 2021	-5.27% May 14, 2026 - May 21, 2026
#11	-5.27% Jan 22, 2021 - Feb 5, 2021	-3.38% Sep 22, 2025 - Sep 29, 2025
#12	-5.14% Jun 20, 2018 - Aug 21, 2018	-2.22% Oct 22, 2024 - Oct 28, 2024
#13	-4.99% Jun 29, 2021 - Jul 29, 2021	-2.12% Apr 20, 2026 - Apr 22, 2026
#14	-3.86% Dec 11, 2025 - Dec 24, 2025	-1.98% Oct 9, 2025 - Oct 13, 2025
#15	-3.37% Aug 12, 2021 - Aug 25, 2021	-1.55% Oct 6, 2025 - Oct 8, 2025