DWAT vs. SPLG
Compare and contrast key facts about Arrow DWA Tactical ETF (DWAT) and SPDR Portfolio S&P 500 ETF (SPLG).
DWAT and SPLG 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. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DWAT or SPLG.
Correlation
The correlation between DWAT and SPLG is 0.50, 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.
Performance
DWAT vs. SPLG - Performance Comparison
Key characteristics
DWAT:
1.19
SPLG:
1.89
DWAT:
1.72
SPLG:
2.54
DWAT:
1.22
SPLG:
1.35
DWAT:
1.12
SPLG:
2.83
DWAT:
6.06
SPLG:
11.76
DWAT:
2.72%
SPLG:
2.03%
DWAT:
13.84%
SPLG:
12.61%
DWAT:
-34.64%
SPLG:
-54.52%
DWAT:
-0.29%
SPLG:
-0.42%
Returns By Period
In the year-to-date period, DWAT achieves a 6.29% return, which is significantly higher than SPLG's 4.15% return. Over the past 10 years, DWAT has underperformed SPLG with an annualized return of 8.41%, while SPLG has yielded a comparatively higher 13.28% annualized return.
DWAT
6.29%
1.93%
9.25%
17.02%
11.91%
8.41%
SPLG
4.15%
1.21%
10.48%
24.44%
14.69%
13.28%
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DWAT vs. SPLG - Expense Ratio Comparison
DWAT has a 1.66% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
DWAT vs. SPLG — Risk-Adjusted Performance Rank
DWAT
SPLG
DWAT vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical ETF (DWAT) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
Dividends
DWAT vs. SPLG - Dividend Comparison
DWAT's dividend yield for the trailing twelve months is around 0.08%, less than SPLG's 1.23% 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% |
SPLG SPDR Portfolio S&P 500 ETF | 1.23% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
DWAT vs. SPLG - Drawdown Comparison
The maximum DWAT drawdown since its inception was -34.64%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for DWAT and SPLG. For additional features, visit the drawdowns tool.
Volatility
DWAT vs. SPLG - Volatility Comparison
The current volatility for Arrow DWA Tactical ETF (DWAT) is 2.72%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 2.91%. This indicates that DWAT experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.