MJUS vs. DWAT

Last updated Jun 4, 2026

MJUS (ETFMG U.S. Alternative Harvest ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both exchange-traded funds - MJUS is a Cannabis fund actively managed by ETFMG, while DWAT is a Tactical Allocation fund actively managed by Arrow Funds. Both are actively managed. MJUS charges 0.75%/yr vs 1.83%/yr for DWAT.

Performance

MJUS vs. DWAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG U.S. Alternative Harvest ETF (MJUS) and Arrow DWA Tactical: Macro ETF (DWAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MJUS

• 1D: —
• 1M: —
• YTD: —
• 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)

MJUS vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
MJUS ETFMG U.S. Alternative Harvest ETF	0.00%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

MJUS vs. DWAT - Sectors Allocation Comparison

Sectors	MJUS	DWAT
Healthcare	14.1%	5.3%
Financial Services	4.7%	27.2%
Technology	3.6%	10.2%
Real Estate	1.6%	5.1%
Consumer Cyclical	0.8%	5.2%
Basic Materials	-	2.6%
Communication Services	-	3.4%
Consumer Defensive	-	6.5%
Energy	-	4.2%
Industrials	-	25.1%
Utilities	-	5.3%

Return for Risk

MJUS vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG U.S. Alternative Harvest ETF (MJUS) 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.

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

Drawdowns

Drawdown Indicators

	MJUS	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	—	0.00%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	0.00%	—

Volatility

Volatility by Period

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

MJUS vs. DWAT - Expense Ratio Comparison

MJUS has a 0.75% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

MJUS vs. DWAT - Dividend Comparison

Neither MJUS nor DWAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, MJUS or DWAT?

On fees, MJUS is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MJUS or DWAT?

MJUS is cheaper with a 0.75% expense ratio, compared with 1.83% for DWAT.

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

MJUS and DWAT have nearly identical dividend yields, around 0.00%.

What is the main difference between MJUS and DWAT?

MJUS is categorized as Cannabis, while DWAT is Tactical Allocation. They also come from different issuers: ETFMG and Arrow Funds. Their fees differ too: 0.75% for MJUS and 1.83% for DWAT.