HECO vs DALI
Comparison between SPDR GALAXY HEDGED DIGITAL ASSET ECOSYSTEM ETF (HECO, ETF) and FIRST TRUST DORSEY WRIGHT DALI EQUITY ETF (DALI, ETF).
HECO vs DALI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
HECO
$116M
DALI
$115M
Expense Ratio
Winner
HECO
0.90%
DALI
0.91%
Max Drawdown
HECO
45.90%
Winner
DALI
36.06%
Sharpe Ratio
Winner
HECO
2.21
DALI
0.85
5Y Beta
HECO
1.84
Winner
DALI
1.12
P/E Ratio
HECO
-35.71
DALI
N/A
Forward P/E
HECO
27.29
DALI
N/A
PEG Ratio
HECO
-0.10
DALI
N/A
5Y Dividends CAGR
HECO
N/A
DALI
-13.63%
5Y EPS CAGR
HECO
39.57%
DALI
N/A
P/S Ratio
HECO
4.67
DALI
N/A
P/B Ratio
HECO
7.38
DALI
N/A
HECO vs DALI - Holdings Comparison
HECO and DALI have 0 common holdings. Overlap is 0.00%
HECO's top 25 holdings weight is 96.75%. DALI's top 25 holdings weight is 99.97%.
| Rank | HECO | DALI |
|---|---|---|
| #1 | RIOT PLATFORMS INC (RIOT) - 14.59% | FIRST TRUST DEV MKTS EX-US ALPHADEX® ETF (FDT) - 18.11% |
| #2 | CIPHER DIGITAL INC (CIFR) - 10.14% | FIRST TRUST EMERGING MRKTS ALPHADEX® ETF (FEM) - 17.07% |
| #3 | KEEL INFRASTRUCTURE CORP (n/a) - 9.78% | FIRST TRUST ASIAPAC EX-JPN ALPHADEX® ETF (FPA) - 15.02% |
| #4 | CLEANSPARK INC (CLSK) - 7.78% | FIRST TRUST EUROZONE ALPHADEX® ETF (FEUZ) - 12.81% |
| #5 | MICRON TECHNOLOGY INC (MU) - 4.92% | FIRST TRUST GERMANY ALPHADEX® ETF (FGM) - 12.68% |
| #6 | DATADOG INC CLASS A (DDOG) - 3.75% | FIRST TRUST EUROPE ALPHADEX® ETF (FEP) - 12.63% |
| #7 | ROBINHOOD MARKETS INC CLASS A (HOOD) - 3.66% | FIRST TRUST CHINA ALPHADEX® ETF (FCA) - 11.65% |
| #8 | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 3.64% | N/A |
| #9 | PALO ALTO NETWORKS INC (PANW) - 3.63% | N/A |
| #10 | NVIDIA CORP (NVDA) - 3.59% | N/A |
| #11 | MICROSOFT CORP (MSFT) - 2.89% | N/A |
| #12 | LAM RESEARCH CORP (LRCX) - 2.65% | N/A |
| #13 | n/a (n/a) - 2.58% | N/A |
| #14 | APPLIED MATERIALS INC (AMAT) - 2.55% | N/A |
| #15 | HUT 8 CORP (HUT) - 2.52% | N/A |
| #16 | VISA INC CLASS A (V) - 2.17% | N/A |
| #17 | TERAWULF INC (WULF) - 2.10% | N/A |
| #18 | MASTERCARD INC CLASS A (MA) - 2.05% | N/A |
| #19 | JPMORGAN CHASE & CO (JPM) - 1.98% | N/A |
| #20 | n/a (n/a) - 1.86% | N/A |
| #21 | BLACKROCK INC (BLK) - 1.83% | N/A |
| #22 | n/a (TSM) - 1.78% | N/A |
| #23 | MORGAN STANLEY (MS) - 1.77% | N/A |
| #24 | NVENT ELECTRIC PLC (NVT) - 1.29% | N/A |
| #25 | AMPHENOL CORP CLASS A (APH) - 1.25% | N/A |
| Total Holdings | 76 | 7 |
HECO vs DALI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HECO
+16.06%
DALI
-1.45%
3M
Winner
HECO
+58.15%
DALI
+8.44%
6M
Winner
HECO
+57.25%
DALI
+6.09%
1Y
Winner
HECO
+123.35%
DALI
+18.99%
5Y(CAGR)
HECO
N/A
DALI
+4.91%
10Y(CAGR)
HECO
N/A
DALI
+6.28%
Max(CAGR)
Winner
HECO
+76.58%
DALI
+6.28%
HECO vs DALI - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | HECO | DALI |
|---|---|---|
| 2026 | +57.50% | +4.61% |
| 2025 | +23.32% | +11.89% |
| 2024 | +27.48% | +20.16% |
| 2023 | N/A | -7.34% |
| 2022 | N/A | -8.39% |
| 2021 | N/A | +24.04% |
| 2020 | N/A | +4.46% |
| 2019 | N/A | +25.32% |
| 2018 | N/A | -14.81% |
HECO vs DALI Drawdown Comparison
The maximum drawdown for HECO was -44.54%, occurring on Apr 8, 2025. Recovery took 185 trading sessions.
The maximum drawdown for DALI was -36.06%, occurring on Mar 23, 2020. Recovery took 224 trading sessions.
The current HECO drawdown is -3.18%. The current DALI drawdown is -2.83%.
| Rank | HECO | DALI |
|---|---|---|
| #1 | -44.54% Dec 16, 2024 - Sep 15, 2025 | -36.06% Feb 19, 2020 - Jan 7, 2021 |
| #2 | -21.03% Jan 16, 2026 - Apr 15, 2026 | -26.27% Mar 8, 2022 - Oct 24, 2025 |
| #3 | -19.38% Oct 15, 2025 - Jan 16, 2026 | -25.44% Aug 29, 2018 - Jan 9, 2020 |
| #4 | -9.16% Nov 11, 2024 - Dec 4, 2024 | -15.21% Nov 16, 2021 - Mar 7, 2022 |
| #5 | -8.57% Dec 6, 2024 - Dec 16, 2024 | -12.54% Jan 22, 2026 - May 6, 2026 |
| #6 | -8.13% Jun 1, 2026 - Jun 10, 2026 | -8.60% Feb 12, 2021 - Apr 9, 2021 |
| #7 | -7.93% Oct 29, 2024 - Nov 6, 2024 | -7.62% Oct 27, 2025 - Dec 10, 2025 |
| #8 | -5.53% Apr 24, 2026 - May 4, 2026 | -6.70% Apr 27, 2021 - Jun 8, 2021 |
| #9 | -5.32% Sep 26, 2024 - Oct 11, 2024 | -6.43% May 11, 2026 - Jun 10, 2026 |
| #10 | -5.27% May 14, 2026 - May 21, 2026 | -5.56% Sep 3, 2021 - Oct 21, 2021 |
| #11 | -3.38% Sep 22, 2025 - Sep 29, 2025 | -5.27% Jan 22, 2021 - Feb 5, 2021 |
| #12 | -2.22% Oct 22, 2024 - Oct 28, 2024 | -5.14% Jun 20, 2018 - Aug 21, 2018 |
| #13 | -2.12% Apr 20, 2026 - Apr 22, 2026 | -4.99% Jun 29, 2021 - Jul 29, 2021 |
| #14 | -1.98% Oct 9, 2025 - Oct 13, 2025 | -3.86% Dec 11, 2025 - Dec 24, 2025 |
| #15 | -1.55% Oct 6, 2025 - Oct 8, 2025 | -3.37% Aug 12, 2021 - Aug 25, 2021 |
Correlation
Correlation between HECO and DALI is 0.90 which considered as a strong positive correlation - the stocks tend to move together.
0.90
-101
Dividend Comparison (2018 - 2026)
HECO vs DALI dividend yield comparison.
| Year | HECO | DALI |
|---|---|---|
| 2026 | 0.00% | 0.07% |
| 2025 | 0.00% | 0.38% |
| 2024 | 2.61% | 0.18% |
| 2023 | 0.00% | 3.42% |
| 2022 | 0.00% | 0.50% |
| 2021 | 0.00% | 0.11% |
| 2020 | 0.00% | 1.25% |
| 2019 | 0.00% | 0.45% |
| 2018 | 0.00% | 0.17% |
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