- ISIN
- US04273H1041
- CUSIP
- 04273H104
- Issuer
- Arrow Funds
- Inception Date
- May 8, 2012
- Region
- Developed Markets (Broad)
- Category
- Diversified Portfolio
- Leveraged
- 1x (No leverage)
- Index Tracked
- DJ Brookfield Global Infrastructure Composite Yield
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $28M
Highlights
- Avg. Volume (1M)
- 18K
- Avg. Volume Value (1M)
- $264.10K
Share Price Chart
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Performance
GYLD Performance Chart
Arrow Dow Jones Global Yield ETF (GYLD) is up 11.2% since the beginning of the year. GYLD is currently trading at $14 per share. Investors who bought $1,000 worth of GYLD shares 5 years ago would now be looking at an investment worth $1,431.
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Compare this symbol against anything
Returns By Period
Arrow Dow Jones Global Yield ETF (GYLD) has returned 11.21% so far this year and 17.51% over the past 12 months. Over the last ten years, GYLD has returned 4.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Arrow Dow Jones Global Yield ETF
- 1D
- -0.06%
- 1M
- 1.17%
- 6M
- 9.74%
- YTD
- 11.21%
- 1Y
- 17.51%
- 3Y*
- 14.31%
- 5Y*
- 7.43%
- 10Y*
- 4.58%
- ALL TIME*
- 3.38%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
GYLD Monthly Returns History
Based on dividend-adjusted daily data since May 8, 2012, GYLD's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +16.1%, while the worst month was Mar 2020 at -32.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GYLD closed higher 52% of trading days. The best single day was Mar 25, 2020 with a return of +6.5%, while the worst single day was Mar 12, 2020 at -13.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.34% | 4.18% | -2.12% | 6.24% | -2.89% | 2.42% | 1.84% | 11.21% | |||||
| 2025 | 4.09% | 1.50% | 1.64% | -2.49% | 4.83% | 1.67% | 2.03% | 1.54% | 0.25% | -0.60% | 0.75% | 3.25% | 19.85% |
| 2024 | -2.31% | 1.58% | 1.25% | -0.77% | 3.41% | -0.03% | 2.98% | 2.05% | 1.54% | -2.07% | 1.33% | -4.87% | 3.83% |
| 2023 | 5.03% | -2.94% | -0.96% | -1.86% | -4.52% | 3.55% | 5.55% | -1.90% | -0.99% | -4.49% | 7.61% | 6.92% | 10.36% |
| 2022 | -0.13% | -0.53% | -0.18% | -3.62% | 2.32% | -8.43% | 5.74% | -2.25% | -9.17% | 5.13% | 6.21% | -1.71% | -7.73% |
| 2021 | 1.29% | 4.28% | 3.12% | 4.15% | 3.59% | 1.14% | -2.17% | 0.35% | -0.10% | 0.67% | -4.01% | 4.79% | 18.03% |
Benchmark Metrics
Arrow Dow Jones Global Yield ETF has an annualized alpha of -1.67%, beta of 0.47, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since May 08, 2012.
- This ETF participated in 94.39% of S&P 500 Index downside but only 58.16% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.47 may look defensive, but with R2 of 0.25 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 0.25 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
- -1.67%
- Beta
- 0.47
- R²
- 0.25
- Upside Capture
- 58.16%
- Downside Capture
- 94.39%
Expense Ratio
GYLD has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GYLD ranks 68 for risk / return — above 68% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Arrow Dow Jones Global Yield ETF (GYLD) 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.
| GYLD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.00 | +1.52 |
| Martin ratioReturn relative to average drawdown | 9.91 | 8.49 | +1.42 |
Dividends
Dividend History
Arrow Dow Jones Global Yield ETF provided a 7.18% dividend yield over the last twelve months, with an annual payout of $1.04 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.04 | $1.14 | $1.58 | $0.95 | $0.61 | $0.81 | $0.98 | $0.94 | $1.23 | $1.22 | $1.34 | $1.78 |
Dividend yield | 7.18% | 8.43% | 12.90% | 7.13% | 4.64% | 5.50% | 7.42% | 5.83% | 8.17% | 6.78% | 7.29% | 10.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Arrow Dow Jones Global Yield 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 | $0.04 | $0.08 | $0.07 | $0.06 | $0.11 | $0.11 | $0.08 | $0.55 | |||||
| 2025 | $0.10 | $0.10 | $0.06 | $0.08 | $0.11 | $0.10 | $0.11 | $0.10 | $0.08 | $0.06 | $0.15 | $0.10 | $1.14 |
| 2024 | $0.02 | $0.11 | $0.08 | $0.13 | $0.14 | $0.22 | $0.11 | $0.17 | $0.13 | $0.14 | $0.17 | $0.16 | $1.58 |
| 2023 | $0.03 | $0.06 | $0.02 | $0.10 | $0.09 | $0.11 | $0.10 | $0.14 | $0.06 | $0.07 | $0.09 | $0.07 | $0.95 |
| 2022 | $0.02 | $0.08 | $0.02 | $0.01 | $0.04 | $0.07 | $0.04 | $0.08 | $0.07 | $0.04 | $0.07 | $0.05 | $0.61 |
| 2021 | $0.03 | $0.07 | $0.06 | $0.06 | $0.07 | $0.10 | $0.07 | $0.11 | $0.08 | $0.03 | $0.10 | $0.05 | $0.81 |
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 Dow Jones Global Yield 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 Dow Jones Global Yield ETF was 55.03%, occurring on Mar 23, 2020. Recovery took 1295 trading sessions.
The current Arrow Dow Jones Global Yield ETF drawdown is 0.06%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-55.03%Mar 2020 | 5y 6mo | 5y 1mo | 10y 8moSep 2014 - May 2025 | COVID crash2020 |
-13.88%Jun 2013 | 1mo 16d | 8mo 15d | 10mo 1dMay 2013 - Mar 2014 | — |
-7.35%Jun 2012 | 23d | 1mo 18d | 2mo 11dMay 2012 - Jul 2012 | — |
-6.06%Nov 2012 | 14d | 1mo 16d | 2moNov 2012 - Dec 2012 | — |
-4.86%Oct 2025 | 18d | 2mo 14d | 3mo 2dSep 2025 - Dec 2025 | — |
Drawdown Indicators
| GYLD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.03% | -56.78% | +1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -9.10% | +4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -8.24% | -18.90% | +10.66% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -25.43% | +6.06% |
Max Drawdown (10Y)Largest decline over 10 years | -47.89% | -33.92% | -13.97% |
Current DrawdownCurrent decline from peak | -0.06% | -1.58% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -14.26% | -10.70% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 2.14% | -0.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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