BAMO vs. DWAT

Last updated Jun 4, 2026

BAMO (Brookstone Opportunities ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both exchange-traded funds - BAMO is a Diversified Portfolio fund actively managed by Brookstone, while DWAT is a Tactical Allocation fund actively managed by Arrow Funds. Both are actively managed. BAMO charges 1.30%/yr vs 1.83%/yr for DWAT.

Performance

BAMO vs. DWAT - Performance Comparison

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

Returns By Period

BAMO

• 1D: -0.50%
• 1M: 2.97%
• YTD: 5.83%
• 6M: 5.98%
• 1Y: 14.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DWAT

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

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

BAMO vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
BAMO Brookstone Opportunities ETF	4.32%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

BAMO vs. DWAT - Sectors Allocation Comparison

Sectors	BAMO	DWAT
Technology	29.2%	10.2%
Financial Services	17.1%	27.2%
Industrials	11.4%	25.1%
Consumer Cyclical	10.6%	5.2%
Healthcare	10.4%	5.3%
Communication Services	7.8%	3.4%
Consumer Defensive	4.9%	6.5%
Energy	3.3%	4.2%
Basic Materials	2.6%	2.6%
Utilities	1.6%	5.3%
Real Estate	1.3%	5.1%

Return for Risk

BAMO vs. DWAT — Risk / Return Rank

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

BAMO

BAMO Risk / Return Rank: 67
BAMO Sharpe Ratio Rank: 69
BAMO Sortino Ratio Rank: 74
BAMO Omega Ratio Rank: 73
BAMO Calmar Ratio Rank: 54
BAMO Martin Ratio Rank: 67

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.

BAMO vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookstone Opportunities ETF (BAMO) and Arrow DWA Tactical: Macro 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.

	BAMO	DWAT	Difference
Sharpe ratio Return per unit of total volatility	2.24	—	—
Sortino ratio Return per unit of downside risk	3.31	—	—
Omega ratio Gain probability vs. loss probability	1.43	—	—
Calmar ratio Return relative to maximum drawdown	2.61	—	—
Martin ratio Return relative to average drawdown	12.17	—	—
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

	BAMO	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	—	—

Drawdowns

BAMO vs. DWAT - Drawdown Comparison

The maximum BAMO drawdown since its inception was -12.72%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BAMO and DWAT.

Drawdown Indicators

	BAMO	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-12.72%	0.00%	-12.72%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	—	—
Current Drawdown Current decline from peak	-0.50%	0.00%	-0.50%
Average Drawdown Average peak-to-trough decline	-1.26%	0.00%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	—	—

Volatility

Volatility by Period

	BAMO	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.35%	0.00%	+6.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.57%	0.00%	+9.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.57%	0.00%	+9.57%

BAMO vs. DWAT - Expense Ratio Comparison

BAMO has a 1.30% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

BAMO vs. DWAT - Dividend Comparison

BAMO's dividend yield for the trailing twelve months is around 1.46%, while DWAT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BAMO Brookstone Opportunities ETF	1.46%	1.54%	1.58%	0.48%
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, BAMO or DWAT?

On fees, BAMO is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BAMO or DWAT?

BAMO is cheaper with a 1.30% expense ratio, compared with 1.83% for DWAT.

Which ETF pays a higher dividend yield, BAMO or DWAT?

BAMO has the higher dividend yield at 1.46%, compared with 0.00% for DWAT.

What is the main difference between BAMO and DWAT?

BAMO is categorized as Diversified Portfolio, while DWAT is Tactical Allocation. They also come from different issuers: Brookstone and Arrow Funds. Their fees differ too: 1.30% for BAMO and 1.83% for DWAT.