QTJL vs. DWAT

Last updated Apr 2, 2026

Compare and contrast key facts about Innovator Growth Accelerated Plus ETF - July (QTJL) and Arrow DWA Tactical ETF (DWAT).

QTJL and DWAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021. DWAT is an actively managed fund by Arrow Funds. It was launched on Oct 1, 2014.

Performance

QTJL vs. DWAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - July (QTJL) and Arrow DWA Tactical ETF (DWAT). The values are adjusted to include any dividend payments, if applicable.

QTJL vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
QTJL Innovator Growth Accelerated Plus ETF - July	-1.27%
DWAT Arrow DWA Tactical ETF	0.00%

Returns By Period

QTJL

• 1D: 1.13%
• 1M: -1.59%
• YTD: -1.09%
• 6M: 1.75%
• 1Y: 26.28%
• 3Y*: 18.12%
• 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)

QTJL vs. DWAT - Expense Ratio Comparison

QTJL has a 0.79% expense ratio, which is lower than DWAT's 1.66% expense ratio.

DWAT

Arrow DWA Tactical ETF

QTJL

Innovator Growth Accelerated Plus ETF - July

Return for Risk

QTJL vs. DWAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTJL

QTJL Risk / Return Rank: 73
QTJL Sharpe Ratio Rank: 61
QTJL Sortino Ratio Rank: 70
QTJL Omega Ratio Rank: 82
QTJL Calmar Ratio Rank: 64
QTJL Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QTJL vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - July (QTJL) 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.

	QTJL	DWAT	Difference
Sharpe ratio Return per unit of total volatility	1.13	—	—
Sortino ratio Return per unit of downside risk	1.85	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	1.78	—	—
Martin ratio Return relative to average drawdown	10.86	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QTJL	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	—	—

Dividends

QTJL vs. DWAT - Dividend Comparison

Neither QTJL nor DWAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

QTJL vs. DWAT - Drawdown Comparison

The maximum QTJL drawdown since its inception was -33.40%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QTJL and DWAT.

Drawdown Indicators

	QTJL	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-33.40%	0.00%	-33.40%
Max Drawdown (1Y) Largest decline over 1 year	-15.42%	—	—
Current Drawdown Current decline from peak	-2.74%	0.00%	-2.74%
Average Drawdown Average peak-to-trough decline	-8.22%	0.00%	-8.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	—	—

Volatility

Volatility by Period

	QTJL	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.29%	0.00%	+23.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.75%	0.00%	+20.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	0.00%	+20.75%