DWAT vs. SPY
Compare and contrast key facts about Arrow DWA Tactical ETF (DWAT) and SPDR S&P 500 ETF (SPY).
DWAT and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DWAT or SPY.
Correlation
The correlation between DWAT and SPY is 0.51, 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. SPY - Performance Comparison
Key characteristics
DWAT:
1.12
SPY:
1.75
DWAT:
1.62
SPY:
2.36
DWAT:
1.21
SPY:
1.32
DWAT:
1.06
SPY:
2.66
DWAT:
5.73
SPY:
11.01
DWAT:
2.72%
SPY:
2.03%
DWAT:
13.95%
SPY:
12.77%
DWAT:
-34.64%
SPY:
-55.19%
DWAT:
-1.98%
SPY:
-2.12%
Returns By Period
In the year-to-date period, DWAT achieves a 4.49% return, which is significantly higher than SPY's 2.36% return. Over the past 10 years, DWAT has underperformed SPY with an annualized return of 8.23%, while SPY has yielded a comparatively higher 12.96% annualized return.
DWAT
4.49%
-0.22%
5.83%
12.57%
11.38%
8.23%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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DWAT vs. SPY - Expense Ratio Comparison
DWAT has a 1.66% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DWAT vs. SPY — Risk-Adjusted Performance Rank
DWAT
SPY
DWAT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical ETF (DWAT) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
DWAT's dividend yield for the trailing twelve months is around 0.08%, less than SPY's 1.18% 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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DWAT vs. SPY - Drawdown Comparison
The maximum DWAT drawdown since its inception was -34.64%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DWAT and SPY. For additional features, visit the drawdowns tool.
Volatility
DWAT vs. SPY - Volatility Comparison
Arrow DWA Tactical ETF (DWAT) and SPDR S&P 500 ETF (SPY) have volatilities of 3.24% and 3.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.