DWAT vs. WAMA

Last updated Jun 4, 2026

DWAT (Arrow DWA Tactical: Macro ETF) and WAMA (WisdomTree U.S. Adaptive Moving Average Fund) are both Tactical Allocation funds. DWAT is actively managed, while WAMA is passively managed. DWAT charges 1.83%/yr vs 0.32%/yr for WAMA.

Performance

DWAT vs. WAMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow DWA Tactical: Macro ETF (DWAT) and WisdomTree U.S. Adaptive Moving Average Fund (WAMA). 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*: —

WAMA

• 1D: -0.73%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DWAT vs. WAMA - Yearly Performance Comparison

	2026 (YTD)
DWAT Arrow DWA Tactical: Macro ETF	0.00%
WAMA WisdomTree U.S. Adaptive Moving Average Fund	2.77%

Return for Risk

DWAT vs. WAMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical: Macro ETF (DWAT) and WisdomTree U.S. Adaptive Moving Average Fund (WAMA). 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	WAMA	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	4.87	—

Drawdowns

DWAT vs. WAMA - Drawdown Comparison

The maximum DWAT drawdown since its inception was 0.00%, smaller than the maximum WAMA drawdown of -1.91%. Use the drawdown chart below to compare losses from any high point for DWAT and WAMA.

Drawdown Indicators

	DWAT	WAMA	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-1.91%	+1.91%
Current Drawdown Current decline from peak	0.00%	-0.73%	+0.73%
Average Drawdown Average peak-to-trough decline	0.00%	-0.39%	+0.39%

Volatility

Volatility by Period

	DWAT	WAMA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	9.20%	-9.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	9.20%	-9.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	9.20%	-9.20%

DWAT vs. WAMA - Expense Ratio Comparison

DWAT has a 1.83% expense ratio, which is higher than WAMA's 0.32% expense ratio.

Dividends

DWAT vs. WAMA - Dividend Comparison

Neither DWAT nor WAMA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, DWAT or WAMA?

On fees, WAMA is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DWAT or WAMA?

WAMA is cheaper with a 0.32% expense ratio, compared with 1.83% for DWAT.

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

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

What is the main difference between DWAT and WAMA?

They also come from different issuers: Arrow Funds and WisdomTree. Their fees differ too: 1.83% for DWAT and 0.32% for WAMA.