Arrow DWA Tactical ETF (DWAT) Alternatives

Arrow DWA Tactical ETF (DWAT) belongs to the Diversified Portfolio category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DWAT. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to DWAT

DWAT charges 1.66% annually. Among ETFs in the Diversified Portfolio category, these options have the lowest expense ratios among DWAT alternatives.

Symbol	Name	Expense Ratio	Inception
CTAP	Simplify US Equity PLUS Managed Futures Strategy E...	0.10%	Dec 8, 2025	DWAT vs CTAP
EAOA	iShares ESG Aware Aggressive Allocation ETF	0.18%	Jun 12, 2020	DWAT vs EAOA
EAOM	iShares ESG Aware Moderate Allocation ETF	0.18%	Jun 12, 2020	DWAT vs EAOM
EAOR	iShares ESG Aware Growth Allocation ETF	0.18%	Jun 12, 2020	DWAT vs EAOR
EAOK	iShares ESG Aware Conservative Allocation ETF	0.18%	Jun 12, 2020	DWAT vs EAOK

Best Risk-Adjusted Alternatives to DWAT

Among ETFs in the Diversified Portfolio category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
RAAX	VanEck Inflation Allocation ETF	94	Apr 9, 2018	DWAT vs RAAX
BAMY	Brookstone Yield ETF	91	Sep 27, 2023	DWAT vs BAMY
IYLD	iShares Morningstar Multi-Asset Income ETF	91	Apr 5, 2012	DWAT vs IYLD
GAA	Cambria Global Asset Allocation ETF	90	Dec 9, 2014	DWAT vs GAA
NTSE	WisdomTree Emerging Markets Efficient Core Fund	88	May 20, 2021	DWAT vs NTSE

Top Performing DWAT Alternatives (YTD)

DWAT alternatives from the Diversified Portfolio category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
RAAX	VanEck Inflation Allocation ETF	16.55%	Apr 9, 2018	DWAT vs RAAX
HIDE	Alpha Architect High Inflation And Deflation ETF	5.63%	Nov 16, 2022	DWAT vs HIDE
NTSE	WisdomTree Emerging Markets Efficient Core Fund	5.59%	May 20, 2021	DWAT vs NTSE
CTAP	Simplify US Equity PLUS Managed Futures Strategy E...	5.36%	Dec 8, 2025	DWAT vs CTAP
UPAR	UPAR Ultra Risk Parity ETF	5.18%	Jan 3, 2022	DWAT vs UPAR

Lowest Volatility Alternatives to DWAT

DWAT alternatives from the Diversified Portfolio category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
ASET	FlexShares Real Assets Allocation Index Fund	0.00%	Nov 23, 2015	DWAT vs ASET
HISF	First Trust High Income Strategic Focus ETF	3.67%	Aug 13, 2014	DWAT vs HISF
MFUL	Mindful Conservative ETF	4.75%	Nov 2, 2021	DWAT vs MFUL
HIDE	Alpha Architect High Inflation And Deflation ETF	5.29%	Nov 16, 2022	DWAT vs HIDE
MKAM	MKAM ETF	6.06%	Apr 11, 2023	DWAT vs MKAM

Lowest Drawdown Alternatives to DWAT

DWAT alternatives from the Diversified Portfolio category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
HISF	First Trust High Income Strategic Focus ETF	-2.90%	Aug 13, 2014	DWAT vs HISF
MKAM	MKAM ETF	-3.72%	Apr 11, 2023	DWAT vs MKAM
MFUL	Mindful Conservative ETF	-3.77%	Nov 2, 2021	DWAT vs MFUL
HIDE	Alpha Architect High Inflation And Deflation ETF	-3.94%	Nov 16, 2022	DWAT vs HIDE
DDX	Defined Duration 10 ETF	-4.41%	Sep 21, 2021	DWAT vs DDX

Other ETFs from Arrow Funds

Most popular Arrow Funds ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
ARCM	Arrow Reserve Capital Management ETF	Ultrashort Bond	99	0.71%	Mar 31, 2017	DWAT vs ARCM
GYLD	Arrow Dow Jones Global Yield ETF	Diversified Portfolio	68	3.35%	May 8, 2012	DWAT vs GYLD

Often Compared With DWAT

What investors most often compare with DWAT, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	52	12.79%	Oct 20, 2011	DWAT vs SCHD
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	DWAT vs SPY
TSPX	Twin Oak Active Opportunities ETF	Diversified Portfolio	75	-3.60%	Feb 20, 2025	DWAT vs TSPX
PBL	PGIM Portfolio Ballast ETF	Diversified Portfolio	63	-2.98%	Dec 12, 2022	DWAT vs PBL
JEPI	JPMorgan Equity Premium Income ETF	Actively Managed, Dividend, Derivative Income	39	0.20%	May 20, 2020	DWAT vs JEPI
CBLS	Changebridge Capital Long/Short Equity ETF	Long-Short, Actively Managed	42	4.37%	Nov 13, 2020	DWAT vs CBLS
EMCB	WisdomTree Emerging Markets Corporate Bond Fund	Emerging Markets Bonds, Actively Managed	58	-0.18%	Mar 8, 2012	DWAT vs EMCB
DYNF	BlackRock U.S. Equity Factor Rotation ETF	Large Cap Growth Equities, Actively Managed	73	-4.07%	Mar 19, 2019	DWAT vs DYNF
ARKK	ARK Innovation ETF	Actively Managed, Technology Equities	55	-12.13%	Oct 31, 2014	DWAT vs ARKK
COMT	iShares Commodities Select Strategy ETF	Commodities, Actively Managed	89	35.81%	Oct 15, 2014	DWAT vs COMT
IVOL	Quadratic Interest Rate Volatility & Inflation Hed...	Inflation-Protected Bonds, Actively Managed	23	-1.46%	May 13, 2019	DWAT vs IVOL
CEFS	Saba Closed-End Funds ETF	Diversified Portfolio, Actively Managed	66	-0.33%	Mar 21, 2017	DWAT vs CEFS
AOA	iShares Core Aggressive Allocation ETF	Diversified Portfolio	79	-1.19%	Nov 4, 2008	DWAT vs AOA
GAL	SPDR SSgA Global Allocation ETF	Diversified Portfolio, Actively Managed	75	0.38%	Apr 25, 2012	DWAT vs GAL
MDIV	First Trust Multi-Asset Diversified Income Index F...	Diversified Portfolio	30	4.59%	Aug 14, 2012	DWAT vs MDIV
TDSC	Cabana Target Drawdown 10 ETF	Actively Managed, Tactical Allocation	28	3.10%	Sep 16, 2020	DWAT vs TDSC
ACIO	Aptus Collared Income Opportunity ETF	Diversified Portfolio, Actively Managed	48	-3.83%	Jul 10, 2019	DWAT vs ACIO
CGBL	Capital Group Core Balanced ETF	Diversified Portfolio	67	-2.24%	Sep 26, 2023	DWAT vs CGBL
IDVO	Amplify International Enhanced Dividend Income ETF	Foreign Large Cap Equities, Dividend, Actively Managed	91	7.15%	Sep 8, 2022	DWAT vs IDVO
PSCX	Pacer Swan SOS Conservative (December) ETF	Large Cap Blend Equities, Actively Managed	79	-1.88%	Dec 22, 2020	DWAT vs PSCX

Compare DWAT with Any Fund or Stock

Compare DWAT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Arrow DWA Tactical ETF

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