DRAI vs. DWAT

Last updated Jun 4, 2026

DRAI (Draco Evolution AI ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both exchange-traded funds - DRAI is a Diversified Portfolio fund actively managed by Draco Evolution, while DWAT is a Tactical Allocation fund actively managed by Arrow Funds. Both are actively managed. DRAI charges 1.50%/yr vs 1.83%/yr for DWAT.

Performance

DRAI vs. DWAT - Performance Comparison

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

Returns By Period

DRAI

• 1D: -0.50%
• 1M: 7.63%
• YTD: 18.51%
• 6M: 16.55%
• 1Y: 41.96%
• 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)

DRAI vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
DRAI Draco Evolution AI ETF	18.78%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

DRAI vs. DWAT - Sectors Allocation Comparison

Sectors	DRAI	DWAT
Technology	45.2%	10.2%
Communication Services	10.9%	3.4%
Consumer Cyclical	10.1%	5.2%
Financial Services	7.9%	27.2%
Healthcare	7.0%	5.3%
Industrials	6.6%	25.1%
Consumer Defensive	5.3%	6.5%
Energy	2.4%	4.2%
Utilities	1.8%	5.3%
Basic Materials	1.7%	2.6%
Real Estate	1.3%	5.1%

Return for Risk

DRAI vs. DWAT — Risk / Return Rank

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

DRAI

DRAI Risk / Return Rank: 87
DRAI Sharpe Ratio Rank: 88
DRAI Sortino Ratio Rank: 86
DRAI Omega Ratio Rank: 88
DRAI Calmar Ratio Rank: 91
DRAI Martin Ratio Rank: 82

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.

DRAI vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Draco Evolution AI ETF (DRAI) 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.

	DRAI	DWAT	Difference
Sharpe ratio: Return per unit of total volatility	2.95	—	—
Sortino ratio: Return per unit of downside risk	3.91	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	5.84	—	—
Martin ratio: Return relative to average drawdown	16.23	—	—
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

	DRAI	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	—	—

Drawdowns

DRAI vs. DWAT - Drawdown Comparison

The maximum DRAI drawdown since its inception was -13.69%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DRAI and DWAT.

Drawdown Indicators

	DRAI	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-13.69%	0.00%	-13.69%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	—	—
Current Drawdown Current decline from peak	-0.50%	0.00%	-0.50%
Average Drawdown Average peak-to-trough decline	-4.08%	0.00%	-4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	—	—

Volatility

Volatility by Period

	DRAI	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	0.00%	+14.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.75%	0.00%	+16.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	0.00%	+16.75%

DRAI vs. DWAT - Expense Ratio Comparison

DRAI has a 1.50% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

DRAI vs. DWAT - Dividend Comparison

DRAI's dividend yield for the trailing twelve months is around 1.30%, while DWAT has not paid dividends to shareholders.

Position	TTM	2025	2024
DRAI Draco Evolution AI ETF	1.30%	1.48%	2.18%
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, DRAI or DWAT?

On fees, DRAI is cheaper at 1.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRAI or DWAT?

DRAI is cheaper with a 1.50% expense ratio, compared with 1.83% for DWAT.

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

DRAI has the higher dividend yield at 1.30%, compared with 0.00% for DWAT.

What is the main difference between DRAI and DWAT?

DRAI is categorized as Diversified Portfolio, while DWAT is Tactical Allocation. They also come from different issuers: Draco Evolution and Arrow Funds. Their fees differ too: 1.50% for DRAI and 1.83% for DWAT.