DWAT vs. EMCB

Last updated Jun 4, 2026

DWAT (Arrow DWA Tactical: Macro ETF) and EMCB (WisdomTree Emerging Markets Corporate Bond Fund) are both exchange-traded funds - DWAT is a Tactical Allocation fund actively managed by Arrow Funds, while EMCB is a Emerging Markets Bonds fund actively managed by WisdomTree. Both are actively managed. DWAT charges 1.83%/yr vs 0.60%/yr for EMCB.

Performance

DWAT vs. EMCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow DWA Tactical: Macro ETF (DWAT) and WisdomTree Emerging Markets Corporate Bond Fund (EMCB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DWAT

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

EMCB

• 1D: 0.09%
• 1M: 0.53%
• YTD: 2.03%
• 6M: 2.01%
• 1Y: 7.19%
• 3Y*: 7.97%
• 5Y*: 2.17%
• 10Y*: 4.20%

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

DWAT vs. EMCB - Yearly Performance Comparison

	2026 (YTD)
DWAT Arrow DWA Tactical: Macro ETF	0.00%
EMCB WisdomTree Emerging Markets Corporate Bond Fund	0.72%

DWAT vs. EMCB - Sectors Allocation Comparison

Sectors	DWAT	EMCB
Financial Services	27.2%	-
Industrials	25.1%	-
Technology	10.2%	-
Consumer Defensive	6.5%	-
Utilities	5.3%	-
Healthcare	5.3%	-
Consumer Cyclical	5.2%	-
Real Estate	5.1%	-
Energy	4.2%	100.0%
Communication Services	3.4%	-
Basic Materials	2.6%	-

Return for Risk

DWAT vs. EMCB — Risk / Return Rank

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

EMCB

EMCB Risk / Return Rank: 51
EMCB Sharpe Ratio Rank: 50
EMCB Sortino Ratio Rank: 51
EMCB Omega Ratio Rank: 57
EMCB Calmar Ratio Rank: 48
EMCB Martin Ratio Rank: 49

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.

DWAT vs. EMCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical: Macro ETF (DWAT) and WisdomTree Emerging Markets Corporate Bond Fund (EMCB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DWAT	EMCB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.75	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.31	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.46	—

Drawdowns

DWAT vs. EMCB - Drawdown Comparison

The maximum DWAT drawdown since its inception was 0.00%, smaller than the maximum EMCB drawdown of -22.81%. Use the drawdown chart below to compare losses from any high point for DWAT and EMCB.

Drawdown Indicators

	DWAT	EMCB	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-22.81%	+22.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.07%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.81%	—
Current Drawdown Current decline from peak	0.00%	-0.64%	+0.64%
Average Drawdown Average peak-to-trough decline	0.00%	-4.23%	+4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.86%	—

Volatility

Volatility by Period

	DWAT	EMCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	4.16%	-4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	6.94%	-6.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	8.48%	-8.48%

DWAT vs. EMCB - Expense Ratio Comparison

DWAT has a 1.83% expense ratio, which is higher than EMCB's 0.60% expense ratio.

Dividends

DWAT vs. EMCB - Dividend Comparison

DWAT has not paid dividends to shareholders, while EMCB's dividend yield for the trailing twelve months is around 5.35%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EMCB WisdomTree Emerging Markets Corporate Bond Fund	5.35%	5.47%	5.29%	5.09%	4.04%	3.43%	3.85%	4.17%	4.20%	4.04%	4.08%	5.09%

Frequently Asked Questions

Which ETF is better, DWAT or EMCB?

On fees, EMCB is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DWAT or EMCB?

EMCB is cheaper with a 0.60% expense ratio, compared with 1.83% for DWAT.

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

EMCB has the higher dividend yield at 5.35%, compared with 0.00% for DWAT.

What is the main difference between DWAT and EMCB?

DWAT is categorized as Tactical Allocation, while EMCB is Emerging Markets Bonds. They also come from different issuers: Arrow Funds and WisdomTree. Their fees differ too: 1.83% for DWAT and 0.60% for EMCB.