Arrow DWA Tactical: Macro ETF (DWAT) belongs to the Tactical Allocation 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 a closer substitute for your current allocation.
Cheapest Alternatives to DWAT
DWAT charges 1.83% annually. There are 40 ETFs in the Tactical Allocation category with lower expense ratios, going as low as 0.24%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Elm Market Navigator ETF | 0.24% | 493.11M | Dec 2011 | DWAT vs ELM | |
| WisdomTree Efficient TIPS Plus Gold Fund | 0.30% | 10.49M | Jan 2026 | DWAT vs GDT | |
| WisdomTree U.S. Adaptive Moving Average Fund | 0.32% | 183.47M | Mar 2026 | DWAT vs WAMA | |
| Global X Adaptive U.S. Risk Management ETF | 0.39% | 144.06M | Jan 2021 | DWAT vs ONOF | |
| The Brinsmere Fund - Growth ETF | 0.42% | 380.01M | Jan 2024 | DWAT vs TBFG |
Best Risk-Adjusted Alternatives to DWAT
Among 23 ETFs in the Tactical Allocation category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RH Tactical Rotation ETF | 90 | 17.21M | Sep 2012 | DWAT vs RHRX | |
| Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF | 83 | — | May 2025 | DWAT vs QQWZ | |
| Alexis Practical Tactical ETF | 82 | 144.62M | Jun 2021 | DWAT vs LEXI | |
| Cabana Target Leading Sector Moderate ETF | 82 | 114.31M | Jul 2021 | DWAT vs CLSM | |
| Cambria Trinity ETF | 79 | 74.28M | Sep 2018 | DWAT vs TRTY |
Top Performing DWAT Alternatives (YTD)
Among 34 ETFs in the Tactical Allocation category with YTD return data, the top-performing alternatives shown here go as high as 22.52%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus AlphaSimplex Global Macro ETF | 22.52% | — | Aug 2025 | DWAT vs ASGM | |
| Horizon International Managed Risk ETF | 22.26% | 410.55M | Dec 2025 | DWAT vs SFTX | |
| RH Tactical Rotation ETF | 21.30% | 17.21M | Sep 2012 | DWAT vs RHRX | |
| Adaptive Alpha Opportunities ETF | 21.15% | 319.03M | Sep 2012 | DWAT vs AGOX | |
| Man Active Trend Enhanced ETF | 20.78% | — | Dec 2025 | DWAT vs MATE |
Lowest Volatility Alternatives to DWAT
DWAT has 0.00% 1-year volatility. No ETFs in the Tactical Allocation category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cabana Target Drawdown 5 ETF | 0.00% | 6.13M | Sep 2020 | DWAT vs TDSA | |
| GammaRoad Market Navigation ETF | 5.32% | 5.87M | Sep 2024 | DWAT vs GMMA | |
| Liberty One Tactical Income ETF | 5.67% | 6.61M | Sep 2025 | DWAT vs LOTI | |
| Cabana Target Drawdown 7 ETF | 5.98% | 61.59M | Sep 2020 | DWAT vs TDSB | |
| FundX Conservative ETF | 8.10% | 53.01M | Jul 2002 | DWAT vs XRLX |
Lowest Drawdown Alternatives to DWAT
Among 23 ETFs in the Tactical Allocation category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -3.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GammaRoad Market Navigation ETF | -3.39% | 5.87M | Sep 2024 | DWAT vs GMMA | |
| Cabana Target Drawdown 7 ETF | -4.64% | 61.59M | Sep 2020 | DWAT vs TDSB | |
| Cabana Target Drawdown 10 ETF | -5.35% | 127.07M | Sep 2020 | DWAT vs TDSC | |
| Cambria Trinity ETF | -5.49% | 74.28M | Sep 2018 | DWAT vs TRTY | |
| Fairlead Tactical Sector Fund | -5.85% | 274.27M | Mar 2022 | DWAT vs TACK |
Other ETFs from Arrow Funds
The 3 most viewed Arrow Funds ETFs shown here include GYLD, ARCM, ORO and span 3 categories. AUM among these funds goes as high as $46M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Arrow Dow Jones Global Yield ETF | Diversified Portfolio | 45 | 7.91% | 27.82M | May 2012 | DWAT vs GYLD | |
| Arrow Reserve Capital Management ETF | Ultrashort Bond | 99 | 1.36% | 46.23M | Mar 2017 | DWAT vs ARCM | |
| Arrow Valtoro ETF | Tactical Allocation | — | 7.13% | — | Oct 2025 | DWAT vs ORO |
Often Compared With DWAT
Investors most often compare DWAT with SCHD, SPY, PBL. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare DWAT with Any Fund or Stock
Compare DWAT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DWAT with funds that move differently
Arrow DWA Tactical: Macro ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DWAT.
Explore DWAT Diversifiers