DWAT vs. TDSA

Last updated Jun 4, 2026

DWAT (Arrow DWA Tactical: Macro ETF) and TDSA (Cabana Target Drawdown 5 ETF) are both Tactical Allocation funds. DWAT is actively managed, while TDSA is passively managed. DWAT charges 1.83%/yr vs 0.83%/yr for TDSA.

Performance

DWAT vs. TDSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow DWA Tactical: Macro ETF (DWAT) and Cabana Target Drawdown 5 ETF (TDSA). 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*: —

TDSA

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DWAT vs. TDSA - Yearly Performance Comparison

	2026 (YTD)
DWAT Arrow DWA Tactical: Macro ETF	0.00%
TDSA Cabana Target Drawdown 5 ETF	0.00%

DWAT vs. TDSA - Sectors Allocation Comparison

Sectors	DWAT	TDSA
Financial Services	27.2%	4.7%
Industrials	25.1%	6.7%
Technology	10.2%	24.3%
Consumer Defensive	6.5%	3.1%
Utilities	5.3%	1.0%
Healthcare	5.3%	6.7%
Consumer Cyclical	5.2%	8.6%
Real Estate	5.1%	35.5%
Energy	4.2%	1.6%
Communication Services	3.4%	6.5%
Basic Materials	2.6%	1.2%

Return for Risk

DWAT vs. TDSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical: Macro ETF (DWAT) and Cabana Target Drawdown 5 ETF (TDSA). 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.

Drawdowns

DWAT vs. TDSA - Drawdown Comparison

The maximum DWAT drawdown since its inception was 0.00%, which is greater than TDSA's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DWAT and TDSA.

Drawdown Indicators

	DWAT	TDSA	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	0.00%	0.00%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	0.00%	0.00%

Volatility

Volatility by Period

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

DWAT vs. TDSA - Expense Ratio Comparison

DWAT has a 1.83% expense ratio, which is higher than TDSA's 0.83% expense ratio.

Dividends

DWAT vs. TDSA - Dividend Comparison

Neither DWAT nor TDSA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, DWAT or TDSA?

On fees, TDSA is cheaper at 0.83% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DWAT or TDSA?

TDSA is cheaper with a 0.83% expense ratio, compared with 1.83% for DWAT.

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

DWAT and TDSA have nearly identical dividend yields, around 0.00%.

What is the main difference between DWAT and TDSA?

They also come from different issuers: Arrow Funds and Cabana. Their fees differ too: 1.83% for DWAT and 0.83% for TDSA.