QTAC vs. DWAT

Last updated Jun 4, 2026

QTAC (Q3 All-Season Tactical Advantage ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both Tactical Allocation funds. Both are actively managed. QTAC charges 1.78%/yr vs 1.83%/yr for DWAT.

Performance

QTAC vs. DWAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Q3 All-Season Tactical Advantage ETF (QTAC) and Arrow DWA Tactical: Macro ETF (DWAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QTAC

• 1D: -0.30%
• 1M: 14.39%
• YTD: 3.12%
• 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)

QTAC vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
QTAC Q3 All-Season Tactical Advantage ETF	4.99%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

Return for Risk

QTAC vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Q3 All-Season Tactical Advantage ETF (QTAC) 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

	QTAC	DWAT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	—	—

Drawdowns

QTAC vs. DWAT - Drawdown Comparison

The maximum QTAC drawdown since its inception was -16.56%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QTAC and DWAT.

Drawdown Indicators

	QTAC	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-16.56%	0.00%	-16.56%
Current Drawdown Current decline from peak	-0.62%	0.00%	-0.62%
Average Drawdown Average peak-to-trough decline	-6.70%	0.00%	-6.70%

Volatility

Volatility by Period

	QTAC	DWAT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	24.15%	0.00%	+24.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.15%	0.00%	+24.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.15%	0.00%	+24.15%

QTAC vs. DWAT - Expense Ratio Comparison

QTAC has a 1.78% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

QTAC vs. DWAT - Dividend Comparison

QTAC's dividend yield for the trailing twelve months is around 0.05%, while DWAT has not paid dividends to shareholders.

Position	TTM	2025
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%
QTAC Q3 All-Season Tactical Advantage ETF	0.05%	0.05%

Frequently Asked Questions

Which ETF is better, QTAC or DWAT?

On fees, QTAC is cheaper at 1.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QTAC or DWAT?

QTAC is cheaper with a 1.78% expense ratio, compared with 1.83% for DWAT.

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

QTAC has the higher dividend yield at 0.05%, compared with 0.00% for DWAT.

What is the main difference between QTAC and DWAT?

They also come from different issuers: Q3 Asset Management and Arrow Funds. Their fees differ too: 1.78% for QTAC and 1.83% for DWAT.