DWAT vs. MATE

Last updated Jun 4, 2026

DWAT (Arrow DWA Tactical: Macro ETF) and MATE (Man Active Trend Enhanced ETF) are both Tactical Allocation funds. Both are actively managed. DWAT charges 1.83%/yr vs 0.97%/yr for MATE.

Performance

DWAT vs. MATE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow DWA Tactical: Macro ETF (DWAT) and Man Active Trend Enhanced ETF (MATE). 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*: —

MATE

• 1D: -0.07%
• 1M: 7.70%
• YTD: 20.78%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DWAT vs. MATE - Yearly Performance Comparison

	2026 (YTD)
DWAT Arrow DWA Tactical: Macro ETF	0.00%
MATE Man Active Trend Enhanced ETF	12.12%

Return for Risk

DWAT vs. MATE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical: Macro ETF (DWAT) and Man Active Trend Enhanced ETF (MATE). 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	MATE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	3.07	—

Drawdowns

DWAT vs. MATE - Drawdown Comparison

The maximum DWAT drawdown since its inception was 0.00%, smaller than the maximum MATE drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for DWAT and MATE.

Drawdown Indicators

	DWAT	MATE	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-13.24%	+13.24%
Current Drawdown Current decline from peak	0.00%	-0.07%	+0.07%
Average Drawdown Average peak-to-trough decline	0.00%	-3.27%	+3.27%

Volatility

Volatility by Period

	DWAT	MATE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	21.76%	-21.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	21.76%	-21.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	21.76%	-21.76%

DWAT vs. MATE - Expense Ratio Comparison

DWAT has a 1.83% expense ratio, which is higher than MATE's 0.97% expense ratio.

Dividends

DWAT vs. MATE - Dividend Comparison

Neither DWAT nor MATE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, DWAT or MATE?

On fees, MATE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DWAT or MATE?

MATE is cheaper with a 0.97% expense ratio, compared with 1.83% for DWAT.

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

DWAT and MATE have nearly identical dividend yields, around 0.00%.

What is the main difference between DWAT and MATE?

They also come from different issuers: Arrow Funds and Man Group. Their fees differ too: 1.83% for DWAT and 0.97% for MATE.