DWAT vs. PSCX

Last updated Apr 1, 2026

Compare and contrast key facts about Arrow DWA Tactical ETF (DWAT) and Pacer Swan SOS Conservative (December) ETF (PSCX).

DWAT and PSCX 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. PSCX is an actively managed fund by Pacer. It was launched on Dec 22, 2020.

Performance

DWAT vs. PSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow DWA Tactical ETF (DWAT) and Pacer Swan SOS Conservative (December) ETF (PSCX). The values are adjusted to include any dividend payments, if applicable.

DWAT vs. PSCX - Yearly Performance Comparison

	2026 (YTD)
DWAT Arrow DWA Tactical ETF	0.00%
PSCX Pacer Swan SOS Conservative (December) ETF	-2.37%

Returns By Period

DWAT

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

PSCX

• 1D: 1.43%
• 1M: -2.32%
• YTD: -1.88%
• 6M: 0.91%
• 1Y: 12.02%
• 3Y*: 11.44%
• 5Y*: 7.30%
• 10Y*: —

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

DWAT vs. PSCX - Expense Ratio Comparison

DWAT has a 1.66% expense ratio, which is higher than PSCX's 0.75% expense ratio.

DWAT

Arrow DWA Tactical ETF

PSCX

Pacer Swan SOS Conservative (December) ETF

Return for Risk

DWAT vs. PSCX — Risk / Return Rank

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

PSCX

PSCX Risk / Return Rank: 79
PSCX Sharpe Ratio Rank: 75
PSCX Sortino Ratio Rank: 79
PSCX Omega Ratio Rank: 82
PSCX Calmar Ratio Rank: 75
PSCX Martin Ratio Rank: 85

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. PSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical ETF (DWAT) and Pacer Swan SOS Conservative (December) ETF (PSCX). 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	PSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.37	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.10	—

Dividends

DWAT vs. PSCX - Dividend Comparison

Neither DWAT nor PSCX has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DWAT vs. PSCX - Drawdown Comparison

The maximum DWAT drawdown since its inception was 0.00%, smaller than the maximum PSCX drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for DWAT and PSCX.

Drawdown Indicators

	DWAT	PSCX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-10.20%	+10.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.20%	—
Current Drawdown Current decline from peak	0.00%	-2.84%	+2.84%
Average Drawdown Average peak-to-trough decline	0.00%	-1.92%	+1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.20%	—

Volatility

Volatility by Period

	DWAT	PSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	8.83%	-8.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	7.06%	-7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	7.02%	-7.02%