RPHS vs. DWAT

Last updated Jun 4, 2026

RPHS (Regents Park Hedged Market Strategy ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both exchange-traded funds - RPHS is a Diversified Portfolio fund actively managed by Regents Park, while DWAT is a Tactical Allocation fund actively managed by Arrow Funds. Both are actively managed. RPHS charges 0.75%/yr vs 1.83%/yr for DWAT.

Performance

RPHS vs. DWAT - Performance Comparison

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

Returns By Period

RPHS

• 1D: -0.44%
• 1M: 4.34%
• YTD: 6.79%
• 6M: 6.98%
• 1Y: 19.53%
• 3Y*: 15.26%
• 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)

RPHS vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
RPHS Regents Park Hedged Market Strategy ETF	6.53%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

RPHS vs. DWAT - Sectors Allocation Comparison

Sectors	RPHS	DWAT
Technology	33.6%	10.2%
Financial Services	12.4%	27.2%
Communication Services	10.5%	3.4%
Consumer Cyclical	10.0%	5.2%
Healthcare	9.5%	5.3%
Industrials	8.5%	25.1%
Consumer Defensive	5.3%	6.5%
Energy	4.0%	4.2%
Utilities	2.5%	5.3%
Real Estate	2.0%	5.1%
Basic Materials	1.9%	2.6%

Return for Risk

RPHS vs. DWAT — Risk / Return Rank

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

RPHS

RPHS Risk / Return Rank: 55
RPHS Sharpe Ratio Rank: 56
RPHS Sortino Ratio Rank: 56
RPHS Omega Ratio Rank: 55
RPHS Calmar Ratio Rank: 51
RPHS Martin Ratio Rank: 58

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.

RPHS vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Regents Park Hedged Market Strategy ETF (RPHS) 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.

	RPHS	DWAT	Difference
Sharpe ratio: Return per unit of total volatility	1.87	—	—
Sortino ratio: Return per unit of downside risk	2.65	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.51	—	—
Martin ratio: Return relative to average drawdown	10.09	—	—
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

	RPHS	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	—	—

Drawdowns

RPHS vs. DWAT - Drawdown Comparison

The maximum RPHS drawdown since its inception was -15.77%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for RPHS and DWAT.

Drawdown Indicators

	RPHS	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-15.77%	0.00%	-15.77%
Max Drawdown (1Y) Largest decline over 1 year	-7.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.84%	—	—
Current Drawdown Current decline from peak	-0.44%	0.00%	-0.44%
Average Drawdown Average peak-to-trough decline	-5.97%	0.00%	-5.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	—	—

Volatility

Volatility by Period

	RPHS	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.48%	0.00%	+10.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.37%	0.00%	+11.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.37%	0.00%	+11.37%

RPHS vs. DWAT - Expense Ratio Comparison

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

Dividends

RPHS vs. DWAT - Dividend Comparison

RPHS's dividend yield for the trailing twelve months is around 10.42%, while DWAT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%	0.00%	0.00%
RPHS Regents Park Hedged Market Strategy ETF	10.42%	11.13%	3.68%	5.23%	1.29%

Frequently Asked Questions

Which ETF is better, RPHS or DWAT?

On fees, RPHS 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, RPHS or DWAT?

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

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

RPHS has the higher dividend yield at 10.42%, compared with 0.00% for DWAT.

What is the main difference between RPHS and DWAT?

RPHS is categorized as Diversified Portfolio, while DWAT is Tactical Allocation. They also come from different issuers: Regents Park and Arrow Funds. Their fees differ too: 0.75% for RPHS and 1.83% for DWAT.