DRSK vs. DWAT

Last updated Jun 5, 2026

DRSK (Aptus Defined Risk ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both exchange-traded funds - DRSK is a Diversified Portfolio fund actively managed by Aptus Capital Advisors, while DWAT is a Tactical Allocation fund actively managed by Arrow Funds. Both are actively managed. DRSK charges 0.79%/yr vs 1.83%/yr for DWAT.

Performance

DRSK vs. DWAT - Performance Comparison

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

Returns By Period

DRSK

• 1D: 0.34%
• 1M: 2.76%
• YTD: 4.10%
• 6M: 2.54%
• 1Y: 8.04%
• 3Y*: 9.30%
• 5Y*: 3.13%
• 10Y*: —

DWAT

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

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

DRSK vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
DRSK Aptus Defined Risk ETF	5.40%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

DRSK vs. DWAT - Sectors Allocation Comparison

Sectors	DRSK	DWAT
Technology	35.6%	10.2%
Financial Services	11.8%	27.2%
Communication Services	11.2%	3.4%
Consumer Cyclical	10.1%	5.2%
Healthcare	8.5%	5.3%
Industrials	8.3%	25.1%
Consumer Defensive	4.9%	6.5%
Energy	3.5%	4.2%
Utilities	2.4%	5.3%
Real Estate	1.9%	5.1%
Basic Materials	1.8%	2.6%

Return for Risk

DRSK vs. DWAT — Risk / Return Rank

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

DRSK

DRSK Risk / Return Rank: 26
DRSK Sharpe Ratio Rank: 28
DRSK Sortino Ratio Rank: 29
DRSK Omega Ratio Rank: 26
DRSK Calmar Ratio Rank: 24
DRSK Martin Ratio Rank: 23

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.

DRSK vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Defined Risk ETF (DRSK) 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.

	DRSK	DWAT	Difference
Sharpe ratio: Return per unit of total volatility	0.98	—	—
Sortino ratio: Return per unit of downside risk	1.53	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.12	—	—
Martin ratio: Return relative to average drawdown	2.89	—	—
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

	DRSK	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	—	—

Drawdowns

DRSK vs. DWAT - Drawdown Comparison

The maximum DRSK drawdown since its inception was -19.87%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DRSK and DWAT.

Drawdown Indicators

	DRSK	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-19.87%	0.00%	-19.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	—	—
Current Drawdown Current decline from peak	-0.91%	0.00%	-0.91%
Average Drawdown Average peak-to-trough decline	-4.21%	0.00%	-4.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	—	—

Volatility

Volatility by Period

	DRSK	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.26%	0.00%	+8.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.39%	0.00%	+7.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.06%	0.00%	+7.06%

DRSK vs. DWAT - Expense Ratio Comparison

DRSK has a 0.79% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

DRSK vs. DWAT - Dividend Comparison

DRSK's dividend yield for the trailing twelve months is around 3.61%, while DWAT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DRSK Aptus Defined Risk ETF	3.61%	3.67%	3.31%	3.57%	1.93%	2.64%	5.69%	3.04%	2.62%
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, DRSK or DWAT?

On fees, DRSK is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRSK or DWAT?

DRSK is cheaper with a 0.79% expense ratio, compared with 1.83% for DWAT.

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

DRSK has the higher dividend yield at 3.61%, compared with 0.00% for DWAT.

What is the main difference between DRSK and DWAT?

DRSK is categorized as Diversified Portfolio, while DWAT is Tactical Allocation. They also come from different issuers: Aptus Capital Advisors and Arrow Funds. Their fees differ too: 0.79% for DRSK and 1.83% for DWAT.