DWAFX vs. DWTFX
Compare and contrast key facts about Arrow DWA Tactical: Balanced Fund (DWAFX) and Arrow DWA Tactical: Macro Fund (DWTFX).
DWAFX is managed by Arrow Funds. It was launched on Aug 6, 2006. DWTFX is managed by Arrow Funds. It was launched on May 29, 2008.
Performance
DWAFX vs. DWTFX - Performance Comparison
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DWAFX vs. DWTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DWAFX Arrow DWA Tactical: Balanced Fund | 4.68% | 15.86% | 5.79% | 1.26% | -5.30% | 4.68% | 21.10% | 10.89% | -10.01% | 12.86% |
DWTFX Arrow DWA Tactical: Macro Fund | 1.28% | 27.93% | 12.86% | -0.79% | 2.23% | 12.69% | 8.96% | 17.10% | -12.11% | 16.05% |
Returns By Period
In the year-to-date period, DWAFX achieves a 4.68% return, which is significantly higher than DWTFX's 1.28% return. Over the past 10 years, DWAFX has underperformed DWTFX with an annualized return of 5.82%, while DWTFX has yielded a comparatively higher 8.47% annualized return.
DWAFX
- 1D
- 2.24%
- 1M
- -4.57%
- YTD
- 4.68%
- 6M
- 8.03%
- 1Y
- 21.07%
- 3Y*
- 9.84%
- 5Y*
- 4.58%
- 10Y*
- 5.82%
DWTFX
- 1D
- 3.54%
- 1M
- -8.70%
- YTD
- 1.28%
- 6M
- 10.35%
- 1Y
- 28.48%
- 3Y*
- 14.37%
- 5Y*
- 9.79%
- 10Y*
- 8.47%
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DWAFX vs. DWTFX - Expense Ratio Comparison
DWAFX has a 1.84% expense ratio, which is higher than DWTFX's 1.69% expense ratio.
Return for Risk
DWAFX vs. DWTFX — Risk / Return Rank
DWAFX
DWTFX
DWAFX vs. DWTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical: Balanced Fund (DWAFX) and Arrow DWA Tactical: Macro Fund (DWTFX). 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.
| DWAFX | DWTFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.35 | +0.24 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.71 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 1.78 | +0.55 |
Martin ratioReturn relative to average drawdown | 10.06 | 6.55 | +3.50 |
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
| DWAFX | DWTFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.35 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.62 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.52 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.33 | +0.05 |
Correlation
The correlation between DWAFX and DWTFX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DWAFX vs. DWTFX - Dividend Comparison
DWAFX's dividend yield for the trailing twelve months is around 12.02%, more than DWTFX's 10.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWAFX Arrow DWA Tactical: Balanced Fund | 12.02% | 12.58% | 0.13% | 4.45% | 6.02% | 4.94% | 11.89% | 2.07% | 9.09% | 7.24% | 0.00% | 5.70% |
DWTFX Arrow DWA Tactical: Macro Fund | 10.47% | 10.60% | 0.00% | 1.33% | 7.27% | 22.92% | 7.11% | 7.00% | 3.78% | 9.52% | 3.06% | 6.27% |
Drawdowns
DWAFX vs. DWTFX - Drawdown Comparison
The maximum DWAFX drawdown since its inception was -36.11%, smaller than the maximum DWTFX drawdown of -46.24%. Use the drawdown chart below to compare losses from any high point for DWAFX and DWTFX.
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Drawdown Indicators
| DWAFX | DWTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.11% | -46.24% | +10.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.13% | -16.49% | +7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -14.26% | -19.87% | +5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -18.39% | -32.51% | +14.12% |
Current DrawdownCurrent decline from peak | -4.72% | -13.53% | +8.81% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -9.14% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 4.49% | -2.37% |
Volatility
DWAFX vs. DWTFX - Volatility Comparison
The current volatility for Arrow DWA Tactical: Balanced Fund (DWAFX) is 5.00%, while Arrow DWA Tactical: Macro Fund (DWTFX) has a volatility of 7.62%. This indicates that DWAFX experiences smaller price fluctuations and is considered to be less risky than DWTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DWAFX | DWTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 7.62% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 17.94% | -8.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.55% | 21.31% | -7.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 15.80% | -4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.89% | 16.30% | -6.41% |