DWAT vs. TBFG

Last updated Jun 4, 2026

DWAT (Arrow DWA Tactical: Macro ETF) and TBFG (The Brinsmere Fund - Growth ETF) are both Tactical Allocation funds. Both are actively managed. DWAT charges 1.83%/yr vs 0.42%/yr for TBFG.

Performance

DWAT vs. TBFG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow DWA Tactical: Macro ETF (DWAT) and The Brinsmere Fund - Growth ETF (TBFG). 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*: —

TBFG

• 1D: -0.36%
• 1M: 4.39%
• YTD: 10.35%
• 6M: 11.14%
• 1Y: 24.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DWAT vs. TBFG - Yearly Performance Comparison

	2026 (YTD)
DWAT Arrow DWA Tactical: Macro ETF	0.00%
TBFG The Brinsmere Fund - Growth ETF	6.10%

DWAT vs. TBFG - Sectors Allocation Comparison

Sectors	DWAT	TBFG
Financial Services	27.2%	17.7%
Industrials	25.1%	13.3%
Technology	10.2%	21.5%
Consumer Defensive	6.5%	5.8%
Utilities	5.3%	3.4%
Healthcare	5.3%	8.3%
Consumer Cyclical	5.2%	8.4%
Real Estate	5.1%	2.4%
Energy	4.2%	7.0%
Communication Services	3.4%	6.0%
Basic Materials	2.6%	6.0%

Return for Risk

DWAT vs. TBFG — Risk / Return Rank

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

TBFG

TBFG Risk / Return Rank: 75
TBFG Sharpe Ratio Rank: 78
TBFG Sortino Ratio Rank: 79
TBFG Omega Ratio Rank: 79
TBFG Calmar Ratio Rank: 65
TBFG Martin Ratio Rank: 74

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. TBFG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical: Macro ETF (DWAT) and The Brinsmere Fund - Growth ETF (TBFG). 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	TBFG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.38	—

Drawdowns

DWAT vs. TBFG - Drawdown Comparison

The maximum DWAT drawdown since its inception was 0.00%, smaller than the maximum TBFG drawdown of -13.43%. Use the drawdown chart below to compare losses from any high point for DWAT and TBFG.

Drawdown Indicators

	DWAT	TBFG	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-13.43%	+13.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.63%	—
Current Drawdown Current decline from peak	0.00%	-0.36%	+0.36%
Average Drawdown Average peak-to-trough decline	0.00%	-1.63%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.76%	—

Volatility

Volatility by Period

	DWAT	TBFG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	9.73%	-9.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	10.95%	-10.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	10.95%	-10.95%

DWAT vs. TBFG - Expense Ratio Comparison

DWAT has a 1.83% expense ratio, which is higher than TBFG's 0.42% expense ratio.

Dividends

DWAT vs. TBFG - Dividend Comparison

DWAT has not paid dividends to shareholders, while TBFG's dividend yield for the trailing twelve months is around 2.35%.

Position	TTM	2025	2024
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%
TBFG The Brinsmere Fund - Growth ETF	2.35%	2.65%	2.43%

Frequently Asked Questions

Which ETF is better, DWAT or TBFG?

On fees, TBFG is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DWAT or TBFG?

TBFG is cheaper with a 0.42% expense ratio, compared with 1.83% for DWAT.

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

TBFG has the higher dividend yield at 2.35%, compared with 0.00% for DWAT.

What is the main difference between DWAT and TBFG?

They also come from different issuers: Arrow Funds and The Brinsmere Funds. Their fees differ too: 1.83% for DWAT and 0.42% for TBFG.