MDAA vs. DWAT

Last updated Apr 1, 2026

Compare and contrast key facts about Myriad Dynamic Asset Allocation ETF (MDAA) and Arrow DWA Tactical ETF (DWAT).

MDAA and DWAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MDAA is an actively managed fund by Myriad. It was launched on Oct 3, 2025. DWAT is an actively managed fund by Arrow Funds. It was launched on Oct 1, 2014.

Performance

MDAA vs. DWAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Myriad Dynamic Asset Allocation ETF (MDAA) and Arrow DWA Tactical ETF (DWAT). The values are adjusted to include any dividend payments, if applicable.

MDAA vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
MDAA Myriad Dynamic Asset Allocation ETF	-7.10%
DWAT Arrow DWA Tactical ETF	0.00%

Returns By Period

MDAA

• 1D: 4.21%
• 1M: -9.77%
• YTD: 0.65%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DWAT

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

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

MDAA vs. DWAT - Expense Ratio Comparison

MDAA has a 0.97% expense ratio, which is lower than DWAT's 1.66% expense ratio.

DWAT

Arrow DWA Tactical ETF

MDAA

Myriad Dynamic Asset Allocation ETF

Return for Risk

MDAA vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Myriad Dynamic Asset Allocation ETF (MDAA) and Arrow DWA Tactical 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MDAA	DWAT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	—	—

Dividends

MDAA vs. DWAT - Dividend Comparison

MDAA's dividend yield for the trailing twelve months is around 0.46%, while DWAT has not paid dividends to shareholders.

	TTM	2025
MDAA Myriad Dynamic Asset Allocation ETF	0.46%	0.46%
DWAT Arrow DWA Tactical ETF	0.00%	0.00%

Drawdowns

MDAA vs. DWAT - Drawdown Comparison

The maximum MDAA drawdown since its inception was -14.59%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MDAA and DWAT.

Drawdown Indicators

	MDAA	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-14.59%	0.00%	-14.59%
Current Drawdown Current decline from peak	-11.00%	0.00%	-11.00%
Average Drawdown Average peak-to-trough decline	-3.11%	0.00%	-3.11%

Volatility

Volatility by Period

	MDAA	DWAT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	0.00%	+22.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.34%	0.00%	+22.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.34%	0.00%	+22.34%