RHTX vs. DWAT

Last updated Jun 4, 2026

RHTX (RH Tactical Outlook ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both Tactical Allocation funds. Both are actively managed. RHTX charges 1.38%/yr vs 1.83%/yr for DWAT.

Performance

RHTX vs. DWAT - Performance Comparison

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

Returns By Period

RHTX

• 1D: -0.72%
• 1M: 2.95%
• YTD: 8.61%
• 6M: 10.15%
• 1Y: 25.91%
• 3Y*: 15.78%
• 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)

RHTX vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
RHTX RH Tactical Outlook ETF	3.66%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

RHTX vs. DWAT - Sectors Allocation Comparison

Sectors	RHTX	DWAT
Technology	30.6%	10.2%
Industrials	13.5%	25.1%
Financial Services	12.6%	27.2%
Consumer Cyclical	9.8%	5.2%
Healthcare	9.0%	5.3%
Communication Services	6.9%	3.4%
Energy	4.2%	4.2%
Consumer Defensive	4.1%	6.5%
Real Estate	3.9%	5.1%
Basic Materials	2.9%	2.6%
Utilities	2.5%	5.3%

Return for Risk

RHTX vs. DWAT — Risk / Return Rank

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

RHTX

RHTX Risk / Return Rank: 47
RHTX Sharpe Ratio Rank: 51
RHTX Sortino Ratio Rank: 45
RHTX Omega Ratio Rank: 51
RHTX Calmar Ratio Rank: 42
RHTX Martin Ratio Rank: 45

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.

RHTX vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RH Tactical Outlook ETF (RHTX) 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.

	RHTX	DWAT	Difference
Sharpe ratio: Return per unit of total volatility	1.73	—	—
Sortino ratio: Return per unit of downside risk	2.24	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.04	—	—
Martin ratio: Return relative to average drawdown	7.19	—	—
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

	RHTX	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	—	—

Drawdowns

RHTX vs. DWAT - Drawdown Comparison

The maximum RHTX drawdown since its inception was -24.68%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for RHTX and DWAT.

Drawdown Indicators

	RHTX	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-24.68%	0.00%	-24.68%
Max Drawdown (1Y) Largest decline over 1 year	-12.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.73%	—	—
Current Drawdown Current decline from peak	-1.37%	0.00%	-1.37%
Average Drawdown Average peak-to-trough decline	-9.63%	0.00%	-9.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	—	—

Volatility

Volatility by Period

	RHTX	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.06%	0.00%	+15.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	0.00%	+18.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	0.00%	+18.03%

RHTX vs. DWAT - Expense Ratio Comparison

RHTX has a 1.38% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

RHTX vs. DWAT - Dividend Comparison

Neither RHTX nor DWAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, RHTX or DWAT?

On fees, RHTX is cheaper at 1.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RHTX or DWAT?

RHTX is cheaper with a 1.38% expense ratio, compared with 1.83% for DWAT.

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

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

What is the main difference between RHTX and DWAT?

They also come from different issuers: Adaptive and Arrow Funds. Their fees differ too: 1.38% for RHTX and 1.83% for DWAT.