OVLH vs DALI

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

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

OVLH vs DALI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

OVLH

$116M

DALI

$115M

Expense Ratio

Winner

OVLH

0.80%

DALI

0.91%

Max Drawdown

Winner

OVLH

21.00%

DALI

36.06%

Sharpe Ratio

Winner

OVLH

1.32

DALI

0.85

5Y Beta

Winner

OVLH

0.56

DALI

1.12

5Y Dividends CAGR

OVLH

N/A

DALI

-13.63%

OVLH vs DALI - Holdings Comparison

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

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

Rank	OVLH	DALI
#1	VANGUARD S&P 500 ETF (VOO) - 98.02%	FIRST TRUST DEV MKTS EX-US ALPHADEX® ETF (FDT) - 18.11%
#2	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.11%	FIRST TRUST EMERGING MRKTS ALPHADEX® ETF (FEM) - 17.07%
#3	N/A	FIRST TRUST ASIAPAC EX-JPN ALPHADEX® ETF (FPA) - 15.02%
#4	N/A	FIRST TRUST EUROZONE ALPHADEX® ETF (FEUZ) - 12.81%
#5	N/A	FIRST TRUST GERMANY ALPHADEX® ETF (FGM) - 12.68%
#6	N/A	FIRST TRUST EUROPE ALPHADEX® ETF (FEP) - 12.63%
#7	N/A	FIRST TRUST CHINA ALPHADEX® ETF (FCA) - 11.65%
#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	2	7

OVLH vs DALI - Historical Returns

Returns include dividend reinvestment.

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

Winner

OVLH

-0.05%

DALI

-1.45%

OVLH

+7.79%

Winner

DALI

+8.44%

OVLH

+5.94%

Winner

DALI

+6.09%

OVLH

+15.62%

Winner

DALI

+18.99%

5Y(CAGR)

Winner

OVLH

+9.36%

DALI

+4.91%

10Y(CAGR)

OVLH

N/A

DALI

+6.28%

Max(CAGR)

Winner

OVLH

+10.54%

DALI

+6.28%

OVLH vs DALI - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

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

OVLH vs DALI Drawdown Comparison

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

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

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

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