DWAT vs. XRLX

Last updated Jun 4, 2026

DWAT (Arrow DWA Tactical: Macro ETF) and XRLX (FundX Conservative ETF) are both Tactical Allocation funds. Both are actively managed. DWAT charges 1.83%/yr vs 1.63%/yr for XRLX.

Performance

DWAT vs. XRLX - Performance Comparison

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

XRLX

• 1D: -0.47%
• 1M: 4.47%
• YTD: 7.85%
• 6M: 8.12%
• 1Y: 17.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DWAT vs. XRLX - Yearly Performance Comparison

	2026 (YTD)
DWAT Arrow DWA Tactical: Macro ETF	0.00%
XRLX FundX Conservative ETF	6.82%

DWAT vs. XRLX - Sectors Allocation Comparison

Sectors	DWAT	XRLX
Financial Services	27.2%	12.1%
Industrials	25.1%	7.1%
Technology	10.2%	36.8%
Consumer Defensive	6.5%	4.9%
Utilities	5.3%	3.2%
Healthcare	5.3%	6.6%
Consumer Cyclical	5.2%	10.0%
Real Estate	5.1%	1.4%
Energy	4.2%	3.3%
Communication Services	3.4%	11.9%
Basic Materials	2.6%	2.7%

Return for Risk

DWAT vs. XRLX — Risk / Return Rank

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

XRLX

XRLX Risk / Return Rank: 67
XRLX Sharpe Ratio Rank: 68
XRLX Sortino Ratio Rank: 70
XRLX Omega Ratio Rank: 69
XRLX Calmar Ratio Rank: 58
XRLX Martin Ratio Rank: 70

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. XRLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical: Macro ETF (DWAT) and FundX Conservative ETF (XRLX). 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	XRLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.41	—

Drawdowns

DWAT vs. XRLX - Drawdown Comparison

The maximum DWAT drawdown since its inception was 0.00%, smaller than the maximum XRLX drawdown of -15.33%. Use the drawdown chart below to compare losses from any high point for DWAT and XRLX.

Drawdown Indicators

	DWAT	XRLX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-15.33%	+15.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.28%	—
Current Drawdown Current decline from peak	0.00%	-0.47%	+0.47%
Average Drawdown Average peak-to-trough decline	0.00%	-1.70%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.39%	—

Volatility

Volatility by Period

	DWAT	XRLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	8.10%	-8.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	11.05%	-11.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	11.05%	-11.05%

DWAT vs. XRLX - Expense Ratio Comparison

DWAT has a 1.83% expense ratio, which is higher than XRLX's 1.63% expense ratio.

Dividends

DWAT vs. XRLX - Dividend Comparison

DWAT has not paid dividends to shareholders, while XRLX's dividend yield for the trailing twelve months is around 2.57%.

Position	TTM	2025	2024	2023
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%	0.00%
XRLX FundX Conservative ETF	2.57%	2.77%	1.66%	1.68%

Frequently Asked Questions

Which ETF is better, DWAT or XRLX?

On fees, XRLX is cheaper at 1.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DWAT or XRLX?

XRLX is cheaper with a 1.63% expense ratio, compared with 1.83% for DWAT.

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

XRLX has the higher dividend yield at 2.57%, compared with 0.00% for DWAT.

What is the main difference between DWAT and XRLX?

They also come from different issuers: Arrow Funds and FundX. Their fees differ too: 1.83% for DWAT and 1.63% for XRLX.