Correlation
The correlation between DWAFX and FDFIX is 0.73, 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.
DWAFX vs. FDFIX
Compare and contrast key facts about Arrow DWA Tactical: Balanced Fund (DWAFX) and Fidelity Flex 500 Index Fund (FDFIX).
DWAFX is managed by Arrow Funds. It was launched on Aug 6, 2006. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DWAFX or FDFIX.
Performance
DWAFX vs. FDFIX - Performance Comparison
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Key characteristics
DWAFX:
0.03
FDFIX:
0.73
DWAFX:
0.06
FDFIX:
1.04
DWAFX:
1.01
FDFIX:
1.15
DWAFX:
-0.02
FDFIX:
0.69
DWAFX:
-0.08
FDFIX:
2.62
DWAFX:
3.60%
FDFIX:
4.93%
DWAFX:
12.77%
FDFIX:
19.78%
DWAFX:
-36.11%
FDFIX:
-33.77%
DWAFX:
-3.42%
FDFIX:
-3.43%
Returns By Period
In the year-to-date period, DWAFX achieves a 1.58% return, which is significantly higher than FDFIX's 1.03% return.
DWAFX
1.58%
2.11%
-3.05%
0.30%
0.45%
4.46%
3.34%
FDFIX
1.03%
5.64%
-1.39%
13.51%
14.41%
15.95%
N/A
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DWAFX vs. FDFIX - Expense Ratio Comparison
DWAFX has a 1.84% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Risk-Adjusted Performance
DWAFX vs. FDFIX — Risk-Adjusted Performance Rank
DWAFX
FDFIX
DWAFX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical: Balanced Fund (DWAFX) and Fidelity Flex 500 Index Fund (FDFIX). 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.
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Dividends
DWAFX vs. FDFIX - Dividend Comparison
DWAFX's dividend yield for the trailing twelve months is around 0.13%, less than FDFIX's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWAFX Arrow DWA Tactical: Balanced Fund | 0.13% | 0.13% | 4.45% | 6.02% | 4.94% | 11.89% | 2.07% | 9.09% | 7.24% | 0.00% | 5.70% | 13.17% |
FDFIX Fidelity Flex 500 Index Fund | 1.27% | 1.26% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% | 0.00% | 0.00% | 0.00% |
Drawdowns
DWAFX vs. FDFIX - Drawdown Comparison
The maximum DWAFX drawdown since its inception was -36.11%, which is greater than FDFIX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for DWAFX and FDFIX.
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Volatility
DWAFX vs. FDFIX - Volatility Comparison
The current volatility for Arrow DWA Tactical: Balanced Fund (DWAFX) is 2.28%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 4.78%. This indicates that DWAFX experiences smaller price fluctuations and is considered to be less risky than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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