ARKK vs. DWAT

Last updated Apr 4, 2026

Compare and contrast key facts about ARK Innovation ETF (ARKK) and Arrow DWA Tactical ETF (DWAT).

ARKK and DWAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKK is an actively managed fund by ARK. It was launched on Oct 31, 2014. DWAT is an actively managed fund by Arrow Funds. It was launched on Oct 1, 2014.

Performance

ARKK vs. DWAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Innovation ETF (ARKK) and Arrow DWA Tactical ETF (DWAT). The values are adjusted to include any dividend payments, if applicable.

ARKK vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
ARKK ARK Innovation ETF	-2.63%
DWAT Arrow DWA Tactical ETF	0.00%

Returns By Period

ARKK

• 1D: 0.23%
• 1M: -8.50%
• YTD: -10.87%
• 6M: -22.37%
• 1Y: 51.95%
• 3Y*: 20.43%
• 5Y*: -10.47%
• 10Y*: 14.27%

DWAT

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARKK vs. DWAT - Expense Ratio Comparison

ARKK has a 0.75% expense ratio, which is lower than DWAT's 1.66% expense ratio.

DWAT

Arrow DWA Tactical ETF

ARKK

ARK Innovation ETF

Return for Risk

ARKK vs. DWAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARKK

ARKK Risk / Return Rank: 44
ARKK Sharpe Ratio Rank: 48
ARKK Sortino Ratio Rank: 57
ARKK Omega Ratio Rank: 43
ARKK Calmar Ratio Rank: 41
ARKK Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARKK vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Innovation ETF (ARKK) and Arrow DWA Tactical ETF (DWAT). 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.

	ARKK	DWAT	Difference
Sharpe ratio Return per unit of total volatility	0.93	—	—
Sortino ratio Return per unit of downside risk	1.56	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.39	—	—
Martin ratio Return relative to average drawdown	3.54	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ARKK	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.23	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	—	—

Dividends

ARKK vs. DWAT - Dividend Comparison

Neither ARKK nor DWAT has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKK ARK Innovation ETF	0.00%	0.00%	0.00%	0.70%	0.00%	0.55%	1.64%	0.38%	3.14%	1.32%	0.00%	2.27%
DWAT Arrow DWA Tactical ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ARKK vs. DWAT - Drawdown Comparison

The maximum ARKK drawdown since its inception was -80.97%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ARKK and DWAT.

Drawdown Indicators

	ARKK	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-80.97%	0.00%	-80.97%
Max Drawdown (1Y) Largest decline over 1 year	-31.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-77.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-80.97%	—	—
Current Drawdown Current decline from peak	-55.61%	0.00%	-55.61%
Average Drawdown Average peak-to-trough decline	-29.82%	0.00%	-29.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.27%	—	—

Volatility

Volatility by Period

	ARKK	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	42.55%	0.00%	+42.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.37%	0.00%	+46.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.10%	0.00%	+40.10%