DWTFX vs. COTZX
DWTFX (Arrow DWA Tactical: Macro Fund) and COTZX (Columbia Thermostat Fund) are both Tactical Allocation funds. Over the past 10 years, DWTFX returned 9.13%/yr vs 7.41%/yr for COTZX. A 0.70 correlation means they provide meaningful diversification when combined. DWTFX charges 1.69%/yr vs 0.24%/yr for COTZX.
Performance
DWTFX vs. COTZX - Performance Comparison
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Returns By Period
In the year-to-date period, DWTFX achieves a 9.74% return, which is significantly higher than COTZX's 3.10% return. Over the past 10 years, DWTFX has outperformed COTZX with an annualized return of 9.13%, while COTZX has yielded a comparatively lower 7.41% annualized return.
DWTFX
- 1D
- -0.41%
- 1M
- 0.17%
- YTD
- 9.74%
- 6M
- 9.63%
- 1Y
- 33.09%
- 3Y*
- 16.50%
- 5Y*
- 11.50%
- 10Y*
- 9.13%
COTZX
- 1D
- 0.50%
- 1M
- 0.71%
- YTD
- 3.10%
- 6M
- 3.04%
- 1Y
- 11.57%
- 3Y*
- 10.37%
- 5Y*
- 4.62%
- 10Y*
- 7.41%
DWTFX vs. COTZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DWTFX Arrow DWA Tactical: Macro Fund | 9.74% | 27.93% | 12.86% | -0.79% | 2.23% | 12.69% | 8.96% | 17.10% | -12.11% | 16.05% |
COTZX Columbia Thermostat Fund | 3.10% | 15.02% | 7.98% | 11.66% | -12.92% | 6.44% | 29.61% | 15.15% | -1.17% | 3.33% |
Correlation
The correlation between DWTFX and COTZX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 29, 2008 | 0.70 |
The correlation between DWTFX and COTZX shifts across timeframes, from 0.51 (5 years) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DWTFX vs. COTZX — Risk / Return Rank
DWTFX
COTZX
DWTFX vs. COTZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow DWA Tactical: Macro Fund (DWTFX) and Columbia Thermostat Fund (COTZX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DWTFX | COTZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.88 | -0.90 |
| Martin ratioReturn relative to average drawdown | 5.85 | 13.24 | -7.39 |
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Drawdowns
DWTFX vs. COTZX - Drawdown Comparison
The maximum DWTFX drawdown since its inception was -46.24%, roughly equal to the maximum COTZX drawdown of -47.48%. Use the drawdown chart below to compare losses from any high point for DWTFX and COTZX.
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Drawdown Indicators
| DWTFX | COTZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.24% | -47.48% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -4.02% | -12.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -6.93% | -9.56% |
Max Drawdown (5Y)Largest decline over 5 years | -19.87% | -17.80% | -2.07% |
Max Drawdown (10Y)Largest decline over 10 years | -32.51% | -17.80% | -14.71% |
Current DrawdownCurrent decline from peak | -6.30% | -0.38% | -5.92% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -3.46% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 0.87% | +4.69% |
Volatility
DWTFX vs. COTZX - Volatility Comparison
Arrow DWA Tactical: Macro Fund (DWTFX) has a higher volatility of 5.65% compared to Columbia Thermostat Fund (COTZX) at 2.26%. This indicates that DWTFX's price experiences larger fluctuations and is considered to be riskier than COTZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DWTFX | COTZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 2.26% | +3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 19.17% | 4.39% | +14.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.38% | 5.35% | +15.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 7.38% | +8.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 7.42% | +9.12% |
DWTFX vs. COTZX - Expense Ratio Comparison
DWTFX has a 1.69% expense ratio, which is higher than COTZX's 0.24% expense ratio.
Dividends
DWTFX vs. COTZX - Dividend Comparison
DWTFX's dividend yield for the trailing twelve months is around 9.66%, more than COTZX's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COTZX Columbia Thermostat Fund | 3.26% | 3.37% | 3.55% | 2.74% | 3.28% | 14.82% | 6.92% | 5.57% | 4.45% | 3.13% | 2.66% | 4.26% |
DWTFX Arrow DWA Tactical: Macro Fund | 9.66% | 10.60% | 0.00% | 1.33% | 7.27% | 22.92% | 7.11% | 7.00% | 3.78% | 9.52% | 3.06% | 6.27% |
Frequently Asked Questions
DWTFX and COTZX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DWTFX has higher volatility (5.65%) compared to COTZX (2.26%). In terms of maximum drawdown, DWTFX dropped -46.24% vs COTZX's -47.48%.
COTZX currently has the higher Sharpe Ratio (2.16 vs 1.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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