DALI vs OVLH

Comparison between FIRST TRUST DORSEY WRIGHT DALI EQUITY ETF (DALI, ETF) and OVERLAY SHARES HEDGED LARGE CAP EQUITY ETF (OVLH, ETF).

5-Year PerformanceOVLH has outperformed DALI, delivering a return of +9.4% compared to +4.9%

DALI vs OVLH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DALI(ETF)	OVLH(ETF)
Net Assets	$115M	$116M
Expense Ratio	0.91%	0.80%
Max Drawdown	36.06%	21.00%
Sharpe Ratio	0.85	1.32
5Y Beta	1.12	0.56
5Y Dividends CAGR	-13.63%	N/A

Net Assets

DALI

$115M

Winner

OVLH

$116M

Expense Ratio

DALI

0.91%

Winner

OVLH

0.80%

Max Drawdown

DALI

36.06%

Winner

OVLH

21.00%

Sharpe Ratio

DALI

0.85

Winner

OVLH

1.32

5Y Beta

DALI

1.12

Winner

OVLH

0.56

5Y Dividends CAGR

DALI

-13.63%

OVLH

N/A

DALI vs OVLH - Holdings Comparison

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

DALI's top 25 holdings weight is 99.97%. OVLH's top 25 holdings weight is 98.13%.

Rank	DALI	OVLH
#1	FIRST TRUST DEV MKTS EX-US ALPHADEX® ETF (FDT) - 18.11%	VANGUARD S&P 500 ETF (VOO) - 98.02%
#2	FIRST TRUST EMERGING MRKTS ALPHADEX® ETF (FEM) - 17.07%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.11%
#3	FIRST TRUST ASIAPAC EX-JPN ALPHADEX® ETF (FPA) - 15.02%	N/A
#4	FIRST TRUST EUROZONE ALPHADEX® ETF (FEUZ) - 12.81%	N/A
#5	FIRST TRUST GERMANY ALPHADEX® ETF (FGM) - 12.68%	N/A
#6	FIRST TRUST EUROPE ALPHADEX® ETF (FEP) - 12.63%	N/A
#7	FIRST TRUST CHINA ALPHADEX® ETF (FCA) - 11.65%	N/A
#8	N/A	N/A
#9	N/A	N/A
#10	N/A	N/A
#11	N/A	N/A
#12	N/A	N/A
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	7	2

DALI vs OVLH - Historical Returns

Returns include dividend reinvestment.

Period	DALI	OVLH
1 month	-1.45%	-0.05%
3 months	+8.44%	+7.79%
6 months	+6.09%	+5.94%
1 year	+18.99%	+15.62%
5 years(CAGR)	+4.91%	+9.36%
10 years(CAGR)	+6.28%	N/A
Max(CAGR)	+6.28%	+10.54%

DALI

-1.45%

Winner

OVLH

-0.05%

Winner

DALI

+8.44%

OVLH

+7.79%

Winner

DALI

+6.09%

OVLH

+5.94%

Winner

DALI

+18.99%

OVLH

+15.62%

5Y(CAGR)

DALI

+4.91%

Winner

OVLH

+9.36%

10Y(CAGR)

DALI

+6.28%

OVLH

N/A

Max(CAGR)

DALI

+6.28%

Winner

OVLH

+10.54%

DALI vs OVLH - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	DALI	OVLH
2026	+4.61%	+5.63%
2025	+11.89%	+15.91%
2024	+20.16%	+19.10%
2023	-7.34%	+17.29%
2022	-8.39%	-16.38%
2021	+24.04%	+20.91%
2020	+4.46%	N/A
2019	+25.32%	N/A
2018	-14.81%	N/A

DALI vs OVLH Drawdown Comparison

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

The maximum drawdown for OVLH was -20.69%, occurring on Oct 11, 2022. Recovery took 528 trading sessions.

The current DALI drawdown is -2.83%. The current OVLH drawdown is -1.98%.

Rank	DALI	OVLH
#1	-36.06% Feb 19, 2020 - Jan 7, 2021	-20.69% Dec 27, 2021 - Feb 2, 2024
#2	-26.27% Mar 8, 2022 - Oct 24, 2025	-8.81% Feb 19, 2025 - May 12, 2025
#3	-25.44% Aug 29, 2018 - Jan 9, 2020	-6.36% Jan 27, 2026 - Apr 17, 2026
#4	-15.21% Nov 16, 2021 - Mar 7, 2022	-5.22% Jul 16, 2024 - Sep 13, 2024
#5	-12.54% Jan 22, 2026 - May 6, 2026	-5.22% Sep 3, 2021 - Oct 28, 2021
#6	-8.60% Feb 12, 2021 - Apr 9, 2021	-3.89% Feb 16, 2021 - Mar 15, 2021
#7	-7.62% Oct 27, 2025 - Dec 10, 2025	-3.83% May 7, 2021 - Jun 11, 2021
#8	-6.70% Apr 27, 2021 - Jun 8, 2021	-3.83% Mar 27, 2024 - May 15, 2024
#9	-6.43% May 11, 2026 - Jun 10, 2026	-3.53% Jun 2, 2026 - Jun 10, 2026
#10	-5.56% Sep 3, 2021 - Oct 21, 2021	-3.16% Oct 28, 2025 - Jan 12, 2026
#11	-5.27% Jan 22, 2021 - Feb 5, 2021	-3.06% Dec 6, 2024 - Feb 19, 2025
#12	-5.14% Jun 20, 2018 - Aug 21, 2018	-2.72% Jul 12, 2021 - Jul 23, 2021
#13	-4.99% Jun 29, 2021 - Jul 29, 2021	-2.64% Nov 24, 2021 - Dec 10, 2021
#14	-3.86% Dec 11, 2025 - Dec 24, 2025	-2.57% Dec 15, 2021 - Dec 27, 2021
#15	-3.37% Aug 12, 2021 - Aug 25, 2021	-2.43% Jan 26, 2021 - Feb 4, 2021