ARCM vs. GYLD
ARCM (Arrow Reserve Capital Management ETF) and GYLD (Arrow Dow Jones Global Yield ETF) are both exchange-traded funds - ARCM is a Ultrashort Bond fund actively managed by Arrow Funds, while GYLD is a Diversified Portfolio fund tracking the DJ Brookfield Global Infrastructure Composite Yield. ARCM is actively managed, while GYLD is passively managed. Over the past 5 years, ARCM returned 3.16%/yr vs 6.21%/yr for GYLD. At a 0.03 correlation, their price movements are largely independent. ARCM charges 0.50%/yr vs 0.75%/yr for GYLD.
Performance
ARCM vs. GYLD - Performance Comparison
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Returns By Period
In the year-to-date period, ARCM achieves a 1.36% return, which is significantly lower than GYLD's 7.91% return.
ARCM
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.36%
- 6M
- 1.63%
- 1Y
- 3.72%
- 3Y*
- 4.62%
- 5Y*
- 3.16%
- 10Y*
- —
GYLD
- 1D
- -0.42%
- 1M
- -0.76%
- YTD
- 7.91%
- 6M
- 10.25%
- 1Y
- 15.94%
- 3Y*
- 15.50%
- 5Y*
- 6.21%
- 10Y*
- 4.68%
ARCM vs. GYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARCM Arrow Reserve Capital Management ETF | 1.36% | 4.11% | 5.24% | 4.72% | 0.69% | -0.26% | 0.95% | 2.70% | 1.33% | 0.82% |
GYLD Arrow Dow Jones Global Yield ETF | 7.91% | 19.85% | 3.83% | 10.36% | -7.73% | 18.03% | -11.17% | 13.29% | -9.97% | 1.71% |
Correlation
The correlation between ARCM and GYLD is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.03 |
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Return for Risk
ARCM vs. GYLD — Risk / Return Rank
ARCM
GYLD
ARCM vs. GYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Reserve Capital Management ETF (ARCM) and Arrow Dow Jones Global Yield ETF (GYLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ARCM | GYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.19 | ||
| Sortino ratioReturn per unit of downside risk | +15.89 | ||
| Omega ratioGain probability vs. loss probability | 4.50 | 1.23 | +3.26 |
| Calmar ratioReturn relative to maximum drawdown | 29.94 | 3.29 | +26.65 |
| Martin ratioReturn relative to average drawdown | 243.82 | 9.19 | +234.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARCM | GYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.44 | 1.26 | +7.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.45 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.21 | +0.54 |
Drawdowns
ARCM vs. GYLD - Drawdown Comparison
The maximum ARCM drawdown since its inception was -4.08%, smaller than the maximum GYLD drawdown of -55.03%. Use the drawdown chart below to compare losses from any high point for ARCM and GYLD.
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Drawdown Indicators
| ARCM | GYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.08% | -55.03% | +50.95% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -4.86% | +4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -3.46% | -8.37% | +4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -3.46% | -20.24% | +16.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.71% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -14.41% | +13.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 1.74% | -1.72% |
Volatility
ARCM vs. GYLD - Volatility Comparison
The current volatility for Arrow Reserve Capital Management ETF (ARCM) is 0.10%, while Arrow Dow Jones Global Yield ETF (GYLD) has a volatility of 3.16%. This indicates that ARCM experiences smaller price fluctuations and is considered to be less risky than GYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARCM | GYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 3.16% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.32% | 9.39% | -9.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.44% | 12.78% | -12.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.02% | 13.79% | -10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 16.58% | -13.45% |
ARCM vs. GYLD - Expense Ratio Comparison
ARCM has a 0.50% expense ratio, which is lower than GYLD's 0.75% expense ratio.
Dividends
ARCM vs. GYLD - Dividend Comparison
ARCM's dividend yield for the trailing twelve months is around 3.73%, less than GYLD's 7.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCM Arrow Reserve Capital Management ETF | 3.73% | 4.13% | 4.87% | 4.26% | 0.90% | 0.02% | 0.84% | 2.32% | 1.91% | 0.62% | 0.00% | 0.00% |
GYLD Arrow Dow Jones Global Yield ETF | 7.37% | 8.43% | 12.90% | 7.13% | 4.64% | 5.50% | 7.42% | 5.83% | 8.17% | 6.78% | 7.29% | 10.35% |
Frequently Asked Questions
ARCM and GYLD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GYLD has higher volatility (3.16%) compared to ARCM (0.10%). In terms of maximum drawdown, ARCM dropped -4.08% vs GYLD's -55.03%.
On 5-year performance, GYLD leads with 6.21% vs 3.16% for ARCM. On fees, ARCM is cheaper at 0.50% per year. On volatility, ARCM has been the lower-risk option at 0.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GYLD has performed better with a 6.21% return vs 3.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARCM is cheaper with a 0.50% expense ratio, compared with 0.75% for GYLD.
GYLD has the higher dividend yield at 7.37%, compared with 3.73% for ARCM.
ARCM is categorized as Ultrashort Bond, while GYLD is Diversified Portfolio. Their fees differ too: 0.50% for ARCM and 0.75% for GYLD.
ARCM currently has the higher Sharpe Ratio (8.44 vs 1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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