- ISIN
- US0427657194
- CUSIP
- 42765719
- Issuer
- Arrow Funds
- Inception Date
- Mar 31, 2017
- Region
- North America (U.S.)
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $46M
Share Price Chart
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Performance
ARCM Performance Chart
Arrow Reserve Capital Management ETF (ARCM) is up 1.5% since the beginning of the year. ARCM is currently trading at $100 per share. Investors who bought $1,000 worth of ARCM shares 5 years ago would now be looking at an investment worth $1,170.
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Returns By Period
Arrow Reserve Capital Management ETF (ARCM) has returned 1.49% so far this year and 3.64% over the past 12 months.
Arrow Reserve Capital Management ETF
- 1D
- -0.02%
- 1M
- 0.27%
- YTD
- 1.49%
- 6M
- 1.59%
- 1Y
- 3.64%
- 3Y*
- 4.67%
- 5Y*
- 3.19%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ARCM Monthly Returns History
Based on dividend-adjusted daily data since Mar 31, 2017, ARCM's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.
Historically, 80% of months were positive and 20% were negative. The best month was Apr 2020 with a return of +1.3%, while the worst month was Feb 2020 at -0.8%. The longest winning streak lasted 45 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ARCM closed higher 51% of trading days. The best single day was Nov 3, 2017 with a return of +4.1%, while the worst single day was Nov 7, 2017 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.29% | 0.30% | 0.12% | 0.31% | 0.31% | 0.15% | 1.49% | ||||||
| 2025 | 0.39% | 0.33% | 0.32% | 0.35% | 0.31% | 0.36% | 0.29% | 0.41% | 0.33% | 0.37% | 0.25% | 0.33% | 4.11% |
| 2024 | 0.47% | 0.44% | 0.39% | 0.34% | 0.49% | 0.38% | 0.54% | 0.54% | 0.49% | 0.29% | 0.40% | 0.35% | 5.24% |
| 2023 | 0.25% | 0.13% | 0.58% | 0.31% | 0.27% | 0.39% | 0.37% | 0.42% | 0.20% | 0.46% | 0.62% | 0.62% | 4.72% |
| 2022 | -0.15% | -0.21% | -0.18% | -0.12% | 0.16% | -0.14% | 0.23% | 0.11% | -0.40% | 0.51% | 0.29% | 0.58% | 0.69% |
| 2021 | 0.00% | 0.05% | -0.09% | 0.00% | 0.00% | -0.04% | 0.01% | 0.01% | 0.01% | -0.11% | 0.01% | -0.13% | -0.26% |
Benchmark Metrics
Arrow Reserve Capital Management ETF has an annualized alpha of 2.39%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since March 31, 2017.
- This ETF captured 5.43% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.51%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.39%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 5.43%
- Downside Capture
- -3.51%
Expense Ratio
ARCM has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ARCM ranks 99 for risk / return — in the top 99% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Arrow Reserve Capital Management ETF (ARCM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARCM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.20 | ||
| Sortino ratioReturn per unit of downside risk | +14.31 | ||
| Omega ratioGain probability vs. loss probability | 4.32 | 1.37 | +2.95 |
| Calmar ratioReturn relative to maximum drawdown | 29.32 | 2.78 | +26.53 |
| Martin ratioReturn relative to average drawdown | 235.95 | 12.44 | +223.51 |
Dividends
Dividend History
Arrow Reserve Capital Management ETF provided a 3.73% dividend yield over the last twelve months, with an annual payout of $3.74 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.74 | $4.14 | $4.88 | $4.26 | $0.89 | $0.02 | $0.84 | $2.32 | $1.90 | $0.62 |
Dividend yield | 3.73% | 4.13% | 4.87% | 4.26% | 0.90% | 0.02% | 0.84% | 2.32% | 1.91% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Arrow Reserve Capital Management ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.21 | $0.24 | $0.30 | $0.30 | $0.28 | $0.00 | $1.33 | ||||||
| 2025 | $0.31 | $0.32 | $0.37 | $0.37 | $0.35 | $0.33 | $0.38 | $0.32 | $0.32 | $0.35 | $0.27 | $0.43 | $4.14 |
| 2024 | $0.36 | $0.36 | $0.39 | $0.42 | $0.46 | $0.38 | $0.45 | $0.40 | $0.39 | $0.43 | $0.36 | $0.48 | $4.88 |
| 2023 | $0.21 | $0.22 | $0.35 | $0.30 | $0.34 | $0.39 | $0.37 | $0.42 | $0.37 | $0.39 | $0.42 | $0.48 | $4.26 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.07 | $0.09 | $0.10 | $0.14 | $0.18 | $0.25 | $0.89 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Arrow Reserve Capital Management ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Arrow Reserve Capital Management ETF was 4.08%, occurring on Nov 16, 2017. Recovery took 487 trading sessions.
The current Arrow Reserve Capital Management ETF drawdown is 0.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2017 pullback2017 | -4.08%Nov 2017 | 9d | 1y 11mo | 1y 11moNov 2017 - Oct 2019 |
2024 pullback2024 | -3.46%Jan 2024 | 0s | 1d | 1dJan 2024 - Jan 2024 |
2024 pullback2024 | -2.79%Jan 2024 | 3d | 2d | 5dJan 2024 - Jan 2024 |
Bear market2022 | -1.55%Jul 2022 | 1y 11mo | 6mo 19d | 2y 5moAug 2020 - Jan 2023 |
2017 pullback2017 | -1.38%Oct 2017 | 2d | 1mo | 1mo 2dOct 2017 - Nov 2017 |
Drawdown Indicators
| ARCM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.08% | -56.78% | +52.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -9.10% | +8.98% |
Max Drawdown (3Y)Largest decline over 3 years | -3.46% | -18.90% | +15.44% |
Max Drawdown (5Y)Largest decline over 5 years | -3.46% | -25.43% | +21.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.02% | -1.80% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -10.71% | +9.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.03% | -2.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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