Arrow DWA Tactical: Balanced Fund (DWAFX) belongs to the Tactical Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with DWAFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DWAFX
DWAFX charges 1.84% annually. There are 62 mutual funds in the Tactical Allocation category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Balanced Strategy Portfolio | 0.19% | — | Jan 1998 | DWAFX vs GIPIX | |
| Goldman Sachs Growth and Income Strategy Portfolio | 0.19% | — | Jan 1998 | DWAFX vs GOIIX | |
| PIMCO All Asset All Authority Fund | 0.21% | — | Oct 2003 | DWAFX vs PAUIX | |
| Columbia Thermostat Fund | 0.24% | — | Sep 2002 | DWAFX vs COTZX | |
| GuidePath Flexible Income Allocation Fund | 0.50% | — | Aug 2012 | DWAFX vs GPIFX |
Best Risk-Adjusted Alternatives to DWAFX
DWAFX has a PortfoliosLab risk / return rank of 74. There are 24 mutual funds in the Tactical Allocation category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Astor Dynamic Allocation Fund | 97 | — | Oct 2009 | DWAFX vs ASTIX | |
| Invesco Balanced-Risk Allocation Fund | 95 | — | Jun 2009 | DWAFX vs ABRYX | |
| Invesco Balanced-Risk Allocation Fund Class A | 95 | — | Jun 2009 | DWAFX vs ABRZX | |
| RESQ Dynamic Allocation Fund | 95 | — | Dec 2013 | DWAFX vs RQEIX | |
| Potomac Defensive Bull Fund | 93 | — | Jun 2020 | DWAFX vs CRDBX |
Top Performing DWAFX Alternatives (YTD)
DWAFX is at 13.18% YTD. There are 13 mutual funds in the Tactical Allocation category with higher YTD returns, going as high as 55.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quantified Evolution Plus Fund | 55.72% | — | Sep 2019 | DWAFX vs QEVOX | |
| Donoghue Forlines Momentum Fund | 37.80% | — | Dec 2016 | DWAFX vs MOJOX | |
| Teberg Fund | 29.45% | — | Mar 2002 | DWAFX vs TEBRX | |
| Invesco Balanced-Risk Allocation Fund | 21.28% | — | Jun 2009 | DWAFX vs ABRYX | |
| Invesco Balanced-Risk Allocation Fund Class A | 21.20% | — | Jun 2009 | DWAFX vs ABRZX |
Lowest Volatility Alternatives to DWAFX
DWAFX has 11.44% 1-year volatility. There are 56 mutual funds in the Tactical Allocation category with lower 1-year volatility, going as low as 2.41%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | 2.41% | — | Aug 2012 | DWAFX vs GPIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 2.58% | — | Apr 2012 | DWAFX vs SIOAX | |
| Goldman Sachs TacticalTiltOverlayFund | 2.74% | — | Jul 2014 | DWAFX vs TTIFX | |
| Hundredfold Select Alternative Fund | 4.53% | — | Aug 2004 | DWAFX vs SFHYX | |
| Hundredfold Select Alternative Fund Investor Class | 4.53% | — | — | DWAFX vs HFSAX |
Lowest Drawdown Alternatives to DWAFX
DWAFX has a 1-year max drawdown of -6.89%. There are 37 mutual funds in the Tactical Allocation category with shallower 1-year drawdowns, going as shallow as -1.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | -1.69% | — | Aug 2012 | DWAFX vs GPIFX | |
| AQR Diversifying Strategies Fund Class N | -1.97% | — | Jun 2020 | DWAFX vs QDSNX | |
| Goldman Sachs TacticalTiltOverlayFund | -2.11% | — | Jul 2014 | DWAFX vs TTIFX | |
| SEI Institutional Managed Trust Multi-Asset Income... | -2.34% | — | Apr 2012 | DWAFX vs SIOAX | |
| Hussman Strategic Total Return Fund | -2.42% | — | Sep 2002 | DWAFX vs HSTRX |
Other Mutual Funds from Arrow Funds
The 2 most viewed Arrow Funds mutual funds shown here include MFTFX, DWTFX and span 2 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Arrow Managed Futures Stragegy Fund | Systematic Trend | 65 | 17.48% | — | Apr 2010 | DWAFX vs MFTFX | |
| Arrow DWA Tactical: Macro Fund | Tactical Allocation | 33 | 11.84% | — | May 2008 | DWAFX vs DWTFX |
Often Compared With DWAFX
Investors most often compare DWAFX with FXAIX, FDFIX, PDX. These 8 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 73 | 11.71% | — | Feb 1988 | DWAFX vs FXAIX | |
| Fidelity Flex 500 Index Fund | Large Cap Blend Equities | 70 | 11.53% | — | Mar 2017 | DWAFX vs FDFIX | |
| PIMCO Dynamic Income Strategy Fund | Tactical Allocation | 10 | 18.39% | — | Feb 2019 | DWAFX vs PDX | |
| BlackRock Tactical Opportunities Fund Institutiona... | Tactical Allocation | 66 | 9.80% | — | Jun 1993 | DWAFX vs PBAIX | |
| PIMCO All Asset Fund Class A | Tactical Allocation | 90 | 9.23% | — | Apr 2008 | DWAFX vs PASAX | |
| PIMCO All Asset Fund | Tactical Allocation | 91 | 9.42% | — | Nov 2002 | DWAFX vs PAAIX | |
| Upright Assets Allocation Plus Fund | Tactical Allocation | — | — | — | Oct 2017 | DWAFX vs UPAAX | |
| Donoghue Forlines Tactical Allocation Fund | Tactical Allocation | 89 | 12.59% | — | Apr 2018 | DWAFX vs GTAIX |
Compare DWAFX with Any Fund or Stock
Compare DWAFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DWAFX with funds that move differently
Arrow DWA Tactical: Balanced Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DWAFX.
Explore DWAFX Diversifiers