DWAT vs. TRTY

Last updated Jun 4, 2026

DWAT (Arrow DWA Tactical: Macro ETF) and TRTY (Cambria Trinity ETF) are both Tactical Allocation funds. DWAT is actively managed, while TRTY is passively managed. DWAT charges 1.83%/yr vs 0.44%/yr for TRTY.

Performance

DWAT vs. TRTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow DWA Tactical: Macro ETF (DWAT) and Cambria Trinity ETF (TRTY). 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*: —

TRTY

• 1D: -0.42%
• 1M: 0.96%
• YTD: 10.10%
• 6M: 11.29%
• 1Y: 23.79%
• 3Y*: 11.86%
• 5Y*: 5.91%
• 10Y*: —

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

DWAT vs. TRTY - Yearly Performance Comparison

	2026 (YTD)
DWAT Arrow DWA Tactical: Macro ETF	0.00%
TRTY Cambria Trinity ETF	3.01%

DWAT vs. TRTY - Sectors Allocation Comparison

Sectors	DWAT	TRTY
Financial Services	27.2%	15.8%
Industrials	25.1%	13.4%
Technology	10.2%	7.7%
Consumer Defensive	6.5%	3.8%
Utilities	5.3%	6.9%
Healthcare	5.3%	2.6%
Consumer Cyclical	5.2%	7.9%
Real Estate	5.1%	8.7%
Energy	4.2%	18.2%
Communication Services	3.4%	3.9%
Basic Materials	2.6%	11.1%

Return for Risk

DWAT vs. TRTY — Risk / Return Rank

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

TRTY

TRTY Risk / Return Rank: 79
TRTY Sharpe Ratio Rank: 76
TRTY Sortino Ratio Rank: 68
TRTY Omega Ratio Rank: 83
TRTY Calmar Ratio Rank: 82
TRTY Martin Ratio Rank: 85

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. TRTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical: Macro ETF (DWAT) and Cambria Trinity ETF (TRTY). 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	TRTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.50	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.61	—

Drawdowns

DWAT vs. TRTY - Drawdown Comparison

The maximum DWAT drawdown since its inception was 0.00%, smaller than the maximum TRTY drawdown of -22.35%. Use the drawdown chart below to compare losses from any high point for DWAT and TRTY.

Drawdown Indicators

	DWAT	TRTY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-22.35%	+22.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.49%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.72%	—
Current Drawdown Current decline from peak	0.00%	-0.62%	+0.62%
Average Drawdown Average peak-to-trough decline	0.00%	-4.17%	+4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.33%	—

Volatility

Volatility by Period

	DWAT	TRTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	9.54%	-9.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	10.62%	-10.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	10.41%	-10.41%

DWAT vs. TRTY - Expense Ratio Comparison

DWAT has a 1.83% expense ratio, which is higher than TRTY's 0.44% expense ratio.

Dividends

DWAT vs. TRTY - Dividend Comparison

DWAT has not paid dividends to shareholders, while TRTY's dividend yield for the trailing twelve months is around 3.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TRTY Cambria Trinity ETF	3.01%	2.86%	3.55%	3.24%	5.17%	4.52%	1.99%	2.64%	1.07%

Frequently Asked Questions

Which ETF is better, DWAT or TRTY?

On fees, TRTY is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DWAT or TRTY?

TRTY is cheaper with a 0.44% expense ratio, compared with 1.83% for DWAT.

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

TRTY has the higher dividend yield at 3.01%, compared with 0.00% for DWAT.

What is the main difference between DWAT and TRTY?

They also come from different issuers: Arrow Funds and Cambria. Their fees differ too: 1.83% for DWAT and 0.44% for TRTY.