DWAT vs. NTSE

Last updated Apr 1, 2026

Compare and contrast key facts about Arrow DWA Tactical ETF (DWAT) and WisdomTree Emerging Markets Efficient Core Fund (NTSE).

DWAT and NTSE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DWAT is an actively managed fund by Arrow Funds. It was launched on Oct 1, 2014. NTSE is an actively managed fund by WisdomTree. It was launched on May 20, 2021.

Performance

DWAT vs. NTSE - Performance Comparison

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

DWAT vs. NTSE - Yearly Performance Comparison

	2026 (YTD)
DWAT Arrow DWA Tactical ETF	0.00%
NTSE WisdomTree Emerging Markets Efficient Core Fund	-4.74%

Returns By Period

DWAT

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

NTSE

• 1D: 3.94%
• 1M: -10.28%
• YTD: 5.59%
• 6M: 11.12%
• 1Y: 37.04%
• 3Y*: 15.77%
• 5Y*: —
• 10Y*: —

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

DWAT vs. NTSE - Expense Ratio Comparison

DWAT has a 1.66% expense ratio, which is higher than NTSE's 0.38% expense ratio.

DWAT

Arrow DWA Tactical ETF

NTSE

WisdomTree Emerging Markets Efficient Core Fund

Return for Risk

DWAT vs. NTSE — Risk / Return Rank

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

NTSE

NTSE Risk / Return Rank: 88
NTSE Sharpe Ratio Rank: 88
NTSE Sortino Ratio Rank: 89
NTSE Omega Ratio Rank: 88
NTSE Calmar Ratio Rank: 87
NTSE Martin Ratio Rank: 87

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. NTSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical ETF (DWAT) and WisdomTree Emerging Markets Efficient Core Fund (NTSE). 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	NTSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.15	—

Dividends

DWAT vs. NTSE - Dividend Comparison

DWAT has not paid dividends to shareholders, while NTSE's dividend yield for the trailing twelve months is around 3.14%.

	TTM	2025	2024	2023	2022	2021
DWAT Arrow DWA Tactical ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NTSE WisdomTree Emerging Markets Efficient Core Fund	3.14%	3.35%	3.23%	2.44%	3.22%	2.10%

Drawdowns

DWAT vs. NTSE - Drawdown Comparison

The maximum DWAT drawdown since its inception was 0.00%, smaller than the maximum NTSE drawdown of -42.84%. Use the drawdown chart below to compare losses from any high point for DWAT and NTSE.

Drawdown Indicators

	DWAT	NTSE	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-42.84%	+42.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.20%	—
Current Drawdown Current decline from peak	0.00%	-10.81%	+10.81%
Average Drawdown Average peak-to-trough decline	0.00%	-20.35%	+20.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.60%	—

Volatility

Volatility by Period

	DWAT	NTSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	20.34%	-20.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	18.76%	-18.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	18.76%	-18.76%