DWAT vs. SFTX

Last updated Jun 4, 2026

DWAT (Arrow DWA Tactical: Macro ETF) and SFTX (Horizon International Managed Risk ETF) are both Tactical Allocation funds. Both are actively managed. DWAT charges 1.83%/yr vs 0.82%/yr for SFTX.

Performance

DWAT vs. SFTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow DWA Tactical: Macro ETF (DWAT) and Horizon International Managed Risk ETF (SFTX). 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*: —

SFTX

• 1D: -0.29%
• 1M: 7.93%
• YTD: 22.26%
• 6M: 24.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DWAT vs. SFTX - Yearly Performance Comparison

	2026 (YTD)
DWAT Arrow DWA Tactical: Macro ETF	0.00%
SFTX Horizon International Managed Risk ETF	12.15%

DWAT vs. SFTX - Sectors Allocation Comparison

Sectors	DWAT	SFTX
Financial Services	27.2%	16.2%
Industrials	25.1%	12.1%
Technology	10.2%	28.2%
Consumer Defensive	6.5%	3.7%
Utilities	5.3%	1.9%
Healthcare	5.3%	10.1%
Consumer Cyclical	5.2%	5.9%
Real Estate	5.1%	0.9%
Energy	4.2%	8.0%
Communication Services	3.4%	4.5%
Basic Materials	2.6%	8.6%

Return for Risk

DWAT vs. SFTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical: Macro ETF (DWAT) and Horizon International Managed Risk ETF (SFTX). 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	SFTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.57	—

Drawdowns

DWAT vs. SFTX - Drawdown Comparison

The maximum DWAT drawdown since its inception was 0.00%, smaller than the maximum SFTX drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for DWAT and SFTX.

Drawdown Indicators

	DWAT	SFTX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-12.75%	+12.75%
Current Drawdown Current decline from peak	0.00%	-0.29%	+0.29%
Average Drawdown Average peak-to-trough decline	0.00%	-2.78%	+2.78%

Volatility

Volatility by Period

	DWAT	SFTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	21.65%	-21.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	21.65%	-21.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	21.65%	-21.65%

DWAT vs. SFTX - Expense Ratio Comparison

DWAT has a 1.83% expense ratio, which is higher than SFTX's 0.82% expense ratio.

Dividends

DWAT vs. SFTX - Dividend Comparison

DWAT has not paid dividends to shareholders, while SFTX's dividend yield for the trailing twelve months is around 0.20%.

Position	TTM	2025
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%
SFTX Horizon International Managed Risk ETF	0.20%	0.25%

Frequently Asked Questions

Which ETF is better, DWAT or SFTX?

On fees, SFTX is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DWAT or SFTX?

SFTX is cheaper with a 0.82% expense ratio, compared with 1.83% for DWAT.

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

SFTX has the higher dividend yield at 0.20%, compared with 0.00% for DWAT.

What is the main difference between DWAT and SFTX?

They also come from different issuers: Arrow Funds and Horizon. Their fees differ too: 1.83% for DWAT and 0.82% for SFTX.