Correlation
The correlation between DWAT and SCHD is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
DWAT vs. SCHD
Compare and contrast key facts about Arrow DWA Tactical ETF (DWAT) and Schwab US Dividend Equity ETF (SCHD).
DWAT and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DWAT or SCHD.
Performance
DWAT vs. SCHD - Performance Comparison
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Key characteristics
DWAT:
0.72
SCHD:
0.35
DWAT:
0.97
SCHD:
0.56
DWAT:
1.14
SCHD:
1.07
DWAT:
0.66
SCHD:
0.33
DWAT:
2.65
SCHD:
0.99
DWAT:
4.06%
SCHD:
5.36%
DWAT:
17.14%
SCHD:
16.40%
DWAT:
-34.64%
SCHD:
-33.37%
DWAT:
-1.59%
SCHD:
-9.75%
Returns By Period
In the year-to-date period, DWAT achieves a 4.91% return, which is significantly higher than SCHD's -3.35% return. Over the past 10 years, DWAT has underperformed SCHD with an annualized return of 6.05%, while SCHD has yielded a comparatively higher 10.58% annualized return.
DWAT
4.91%
4.77%
0.74%
11.45%
1.98%
11.76%
6.05%
SCHD
-3.35%
1.79%
-9.75%
3.76%
3.71%
12.22%
10.58%
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DWAT vs. SCHD - Expense Ratio Comparison
DWAT has a 1.66% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
DWAT vs. SCHD — Risk-Adjusted Performance Rank
DWAT
SCHD
DWAT vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical ETF (DWAT) and Schwab US Dividend Equity ETF (SCHD). 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.
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Dividends
DWAT vs. SCHD - Dividend Comparison
DWAT's dividend yield for the trailing twelve months is around 0.08%, less than SCHD's 3.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWAT Arrow DWA Tactical ETF | 0.08% | 0.09% | 0.52% | 6.99% | 24.04% | 0.00% | 2.97% | 3.42% | 2.99% | 0.88% | 0.07% | 0.37% |
SCHD Schwab US Dividend Equity ETF | 3.97% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
Drawdowns
DWAT vs. SCHD - Drawdown Comparison
The maximum DWAT drawdown since its inception was -34.64%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for DWAT and SCHD.
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Volatility
DWAT vs. SCHD - Volatility Comparison
The current volatility for Arrow DWA Tactical ETF (DWAT) is 2.58%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 4.90%. This indicates that DWAT experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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