DWUS vs. DWAT

Last updated Jun 4, 2026

DWUS (AdvisorShares Dorsey Wright FSM US Core ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both exchange-traded funds - DWUS is a Diversified Portfolio fund actively managed by AdvisorShares, while DWAT is a Tactical Allocation fund actively managed by Arrow Funds. Both are actively managed. DWUS charges 1.17%/yr vs 1.83%/yr for DWAT.

Performance

DWUS vs. DWAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) and Arrow DWA Tactical: Macro ETF (DWAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DWUS

• 1D: 0.53%
• 1M: 10.17%
• YTD: 15.72%
• 6M: 15.19%
• 1Y: 24.82%
• 3Y*: 21.40%
• 5Y*: 12.00%
• 10Y*: —

DWAT

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

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

DWUS vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
DWUS AdvisorShares Dorsey Wright FSM US Core ETF	15.25%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

DWUS vs. DWAT - Sectors Allocation Comparison

Sectors	DWUS	DWAT
Technology	45.9%	10.2%
Communication Services	13.4%	3.4%
Consumer Cyclical	10.8%	5.2%
Healthcare	6.4%	5.3%
Consumer Defensive	6.3%	6.5%
Financial Services	5.8%	27.2%
Industrials	5.3%	25.1%
Energy	2.3%	4.2%
Utilities	1.6%	5.3%
Basic Materials	1.4%	2.6%
Real Estate	0.9%	5.1%

Return for Risk

DWUS vs. DWAT — Risk / Return Rank

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

DWUS

DWUS Risk / Return Rank: 45
DWUS Sharpe Ratio Rank: 46
DWUS Sortino Ratio Rank: 45
DWUS Omega Ratio Rank: 45
DWUS Calmar Ratio Rank: 42
DWUS Martin Ratio Rank: 47

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.

DWUS vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) and Arrow DWA Tactical: Macro ETF (DWAT). 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.

	DWUS	DWAT	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.23	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.08	—	—
Martin ratio: Return relative to average drawdown	7.89	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DWUS	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	—	—

Drawdowns

DWUS vs. DWAT - Drawdown Comparison

The maximum DWUS drawdown since its inception was -30.47%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DWUS and DWAT.

Drawdown Indicators

	DWUS	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-30.47%	0.00%	-30.47%
Max Drawdown (1Y) Largest decline over 1 year	-11.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.45%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.86%	0.00%	-6.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	—	—

Volatility

Volatility by Period

	DWUS	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	0.00%	+15.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.82%	0.00%	+18.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.88%	0.00%	+21.88%

DWUS vs. DWAT - Expense Ratio Comparison

DWUS has a 1.17% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

DWUS vs. DWAT - Dividend Comparison

DWUS's dividend yield for the trailing twelve months is around 0.03%, while DWAT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DWUS AdvisorShares Dorsey Wright FSM US Core ETF	0.03%	0.03%	0.18%	0.29%	0.89%	0.35%	0.08%

Frequently Asked Questions

Which ETF is better, DWUS or DWAT?

On fees, DWUS is cheaper at 1.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DWUS or DWAT?

DWUS is cheaper with a 1.17% expense ratio, compared with 1.83% for DWAT.

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

DWUS has the higher dividend yield at 0.03%, compared with 0.00% for DWAT.

What is the main difference between DWUS and DWAT?

DWUS is categorized as Diversified Portfolio, while DWAT is Tactical Allocation. They also come from different issuers: AdvisorShares and Arrow Funds. Their fees differ too: 1.17% for DWUS and 1.83% for DWAT.