DWAT vs. RHRX

Last updated Jun 4, 2026

DWAT (Arrow DWA Tactical: Macro ETF) and RHRX (RH Tactical Rotation ETF) are both Tactical Allocation funds. Both are actively managed. DWAT charges 1.83%/yr vs 1.36%/yr for RHRX.

Performance

DWAT vs. RHRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow DWA Tactical: Macro ETF (DWAT) and RH Tactical Rotation ETF (RHRX). 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*: —

RHRX

• 1D: -0.34%
• 1M: 6.95%
• YTD: 21.30%
• 6M: 21.26%
• 1Y: 40.94%
• 3Y*: 22.87%
• 5Y*: —
• 10Y*: —

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

DWAT vs. RHRX - Yearly Performance Comparison

	2026 (YTD)
DWAT Arrow DWA Tactical: Macro ETF	0.00%
RHRX RH Tactical Rotation ETF	16.03%

DWAT vs. RHRX - Sectors Allocation Comparison

Sectors	DWAT	RHRX
Financial Services	27.2%	4.9%
Industrials	25.1%	17.4%
Technology	10.2%	39.3%
Consumer Defensive	6.5%	1.5%
Utilities	5.3%	3.3%
Healthcare	5.3%	3.3%
Consumer Cyclical	5.2%	6.7%
Real Estate	5.1%	0.6%
Energy	4.2%	0.9%
Communication Services	3.4%	6.3%
Basic Materials	2.6%	15.8%

Return for Risk

DWAT vs. RHRX — Risk / Return Rank

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

RHRX

RHRX Risk / Return Rank: 90
RHRX Sharpe Ratio Rank: 90
RHRX Sortino Ratio Rank: 90
RHRX Omega Ratio Rank: 87
RHRX Calmar Ratio Rank: 91
RHRX Martin Ratio Rank: 92

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. RHRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical: Macro ETF (DWAT) and RH Tactical Rotation ETF (RHRX). 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	RHRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.53	—

Drawdowns

DWAT vs. RHRX - Drawdown Comparison

The maximum DWAT drawdown since its inception was 0.00%, smaller than the maximum RHRX drawdown of -25.33%. Use the drawdown chart below to compare losses from any high point for DWAT and RHRX.

Drawdown Indicators

	DWAT	RHRX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-25.33%	+25.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.83%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.90%	—
Current Drawdown Current decline from peak	0.00%	-0.34%	+0.34%
Average Drawdown Average peak-to-trough decline	0.00%	-8.95%	+8.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.74%	—

Volatility

Volatility by Period

	DWAT	RHRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	13.19%	-13.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	19.03%	-19.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	19.03%	-19.03%

DWAT vs. RHRX - Expense Ratio Comparison

DWAT has a 1.83% expense ratio, which is higher than RHRX's 1.36% expense ratio.

Dividends

DWAT vs. RHRX - Dividend Comparison

Neither DWAT nor RHRX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, DWAT or RHRX?

On fees, RHRX is cheaper at 1.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DWAT or RHRX?

RHRX is cheaper with a 1.36% expense ratio, compared with 1.83% for DWAT.

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

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

What is the main difference between DWAT and RHRX?

They also come from different issuers: Arrow Funds and Adaptive. Their fees differ too: 1.83% for DWAT and 1.36% for RHRX.