DALI vs IVV
First Trust Dorsey Wright DALI Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DALI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.03% | |
| AUM | $97M | $865.2B | |
| Dividend Yield | 0.38% | 1.09% | |
| Holdings | 8 | 508 | |
| YTD Return | +0.37% | +13.43% | |
| 1Y Return | +9.17% | +22.61% | |
| 3Y Return (annualized) | +4.17% | +21.47% | |
| 5Y Return (annualized) | +3.51% | +13.26% | |
| Volatility (annualized) | 16.9% | 15.1% | |
| Max Drawdown | -36.1% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | May 14, 2018 | May 15, 2000 |
DALI vs IVV Performance
First Trust Dorsey Wright DALI Equity ETF (DALI) is a ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DALI returned +9.17% while IVV returned +22.61%. Year to date, DALI is up 0.37% versus a gain of 13.43% for IVV.
Over three years, DALI compounded at +4.17% per year against +21.47% for IVV; over five years the annualized figures are +3.51% and +13.26% respectively. Across the full 8-year window we track, IVV has the edge at +7.03% annualized vs +5.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DALI has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -36.1% for DALI and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DALI charges 0.90% per year while IVV charges 0.03%. On a $10,000 position that is $90 vs $3 annually, a gap of $87 per year that compounds over a long holding period. On income, DALI currently yields 0.38% against 1.09% for IVV.
Holdings Overlap
DALI and IVV share 0 holdings out of 512 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DALI or IVV?
DALI has an expense ratio of 0.90% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, DALI or IVV?
Over the past year DALI returned +9.17% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (8 years), DALI annualized +5.35% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, DALI or IVV?
DALI has been the more volatile fund at 16.9% annualized versus 15.1% for IVV. Worst drawdown: DALI -36.1% vs IVV -56.5%.
Should I hold both DALI and IVV?
DALI and IVV have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DALI and IVV?
DALI and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, DALI or IVV?
DALI yields 0.38% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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