PRTO vs. DWAT

Last updated Jun 3, 2026

PRTO (RCN Pareto Strategic Allocation ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both Tactical Allocation funds. Both are actively managed. PRTO charges 0.82%/yr vs 1.83%/yr for DWAT.

Performance

PRTO vs. DWAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RCN Pareto Strategic Allocation ETF (PRTO) and Arrow DWA Tactical: Macro ETF (DWAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PRTO

• 1D: 0.51%
• 1M: 2.87%
• 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)

PRTO vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
PRTO RCN Pareto Strategic Allocation ETF	10.96%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

Return for Risk

PRTO vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RCN Pareto Strategic Allocation ETF (PRTO) 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.

Sharpe Ratios by Period

	PRTO	DWAT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	5.38	—	—

Drawdowns

PRTO vs. DWAT - Drawdown Comparison

The maximum PRTO drawdown since its inception was -2.98%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PRTO and DWAT.

Drawdown Indicators

	PRTO	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-2.98%	0.00%	-2.98%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.55%	0.00%	-0.55%

Volatility

Volatility by Period

	PRTO	DWAT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	0.00%	+14.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.02%	0.00%	+14.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.02%	0.00%	+14.02%

PRTO vs. DWAT - Expense Ratio Comparison

PRTO has a 0.82% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

PRTO vs. DWAT - Dividend Comparison

Neither PRTO nor DWAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, PRTO or DWAT?

On fees, PRTO is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRTO or DWAT?

PRTO is cheaper with a 0.82% expense ratio, compared with 1.83% for DWAT.

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

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

What is the main difference between PRTO and DWAT?

They also come from different issuers: Tidal and Arrow Funds. Their fees differ too: 0.82% for PRTO and 1.83% for DWAT.