GYLD vs. ARCM
GYLD (Arrow Dow Jones Global Yield ETF) and ARCM (Arrow Reserve Capital Management ETF) are both exchange-traded funds - GYLD is a Diversified Portfolio fund tracking the DJ Brookfield Global Infrastructure Composite Yield, while ARCM is a Ultrashort Bond fund actively managed by Arrow Funds. GYLD is passively managed, while ARCM is actively managed. Over the past 5 years, GYLD returned 6.21%/yr vs 3.16%/yr for ARCM. At a 0.03 correlation, their price movements are largely independent. GYLD charges 0.75%/yr vs 0.50%/yr for ARCM.
Performance
GYLD vs. ARCM - Performance Comparison
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Returns By Period
In the year-to-date period, GYLD achieves a 7.91% return, which is significantly higher than ARCM's 1.36% return.
GYLD
- 1D
- -0.42%
- 1M
- -0.76%
- YTD
- 7.91%
- 6M
- 10.25%
- 1Y
- 15.94%
- 3Y*
- 15.50%
- 5Y*
- 6.21%
- 10Y*
- 4.68%
ARCM
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.36%
- 6M
- 1.63%
- 1Y
- 3.72%
- 3Y*
- 4.62%
- 5Y*
- 3.16%
- 10Y*
- —
GYLD vs. ARCM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GYLD Arrow Dow Jones Global Yield ETF | 7.91% | 19.85% | 3.83% | 10.36% | -7.73% | 18.03% | -11.17% | 13.29% | -9.97% | 1.71% |
ARCM Arrow Reserve Capital Management ETF | 1.36% | 4.11% | 5.24% | 4.72% | 0.69% | -0.26% | 0.95% | 2.70% | 1.33% | 0.82% |
Correlation
The correlation between GYLD and ARCM is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.03 |
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Return for Risk
GYLD vs. ARCM — Risk / Return Rank
GYLD
ARCM
GYLD vs. ARCM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Dow Jones Global Yield ETF (GYLD) and Arrow Reserve Capital Management ETF (ARCM). 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.
| GYLD | ARCM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.19 | ||
| Sortino ratioReturn per unit of downside risk | -15.89 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 4.50 | -3.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 29.94 | -26.65 |
| Martin ratioReturn relative to average drawdown | 9.19 | 243.82 | -234.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GYLD | ARCM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 8.44 | -7.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 1.05 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.75 | -0.54 |
Drawdowns
GYLD vs. ARCM - Drawdown Comparison
The maximum GYLD drawdown since its inception was -55.03%, which is greater than ARCM's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for GYLD and ARCM.
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Drawdown Indicators
| GYLD | ARCM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.03% | -4.08% | -50.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -0.12% | -4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -8.37% | -3.46% | -4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -3.46% | -16.78% |
Max Drawdown (10Y)Largest decline over 10 years | -47.89% | — | — |
Current DrawdownCurrent decline from peak | -1.71% | 0.00% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -14.41% | -0.73% | -13.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 0.02% | +1.72% |
Volatility
GYLD vs. ARCM - Volatility Comparison
Arrow Dow Jones Global Yield ETF (GYLD) has a higher volatility of 3.16% compared to Arrow Reserve Capital Management ETF (ARCM) at 0.10%. This indicates that GYLD's price experiences larger fluctuations and is considered to be riskier than ARCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GYLD | ARCM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 0.10% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 0.32% | +9.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 0.44% | +12.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 3.02% | +10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 3.13% | +13.45% |
GYLD vs. ARCM - Expense Ratio Comparison
GYLD has a 0.75% expense ratio, which is higher than ARCM's 0.50% expense ratio.
Dividends
GYLD vs. ARCM - Dividend Comparison
GYLD's dividend yield for the trailing twelve months is around 7.37%, more than ARCM's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCM Arrow Reserve Capital Management ETF | 3.73% | 4.13% | 4.87% | 4.26% | 0.90% | 0.02% | 0.84% | 2.32% | 1.91% | 0.62% | 0.00% | 0.00% |
GYLD Arrow Dow Jones Global Yield ETF | 7.37% | 8.43% | 12.90% | 7.13% | 4.64% | 5.50% | 7.42% | 5.83% | 8.17% | 6.78% | 7.29% | 10.35% |
Frequently Asked Questions
GYLD and ARCM have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GYLD has higher volatility (3.16%) compared to ARCM (0.10%). In terms of maximum drawdown, GYLD dropped -55.03% vs ARCM's -4.08%.
On 5-year performance, GYLD leads with 6.21% vs 3.16% for ARCM. On fees, ARCM is cheaper at 0.50% per year. On volatility, ARCM has been the lower-risk option at 0.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GYLD has performed better with a 6.21% return vs 3.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARCM is cheaper with a 0.50% expense ratio, compared with 0.75% for GYLD.
GYLD has the higher dividend yield at 7.37%, compared with 3.73% for ARCM.
GYLD is categorized as Diversified Portfolio, while ARCM is Ultrashort Bond. Their fees differ too: 0.75% for GYLD and 0.50% for ARCM.
ARCM currently has the higher Sharpe Ratio (8.44 vs 1.26), 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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