SFTX vs. DWAT

Last updated Jun 4, 2026

SFTX (Horizon International Managed Risk ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both Tactical Allocation funds. Both are actively managed. SFTX charges 0.82%/yr vs 1.83%/yr for DWAT.

Performance

SFTX vs. DWAT - Performance Comparison

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

Returns By Period

SFTX

• 1D: -0.29%
• 1M: 7.93%
• YTD: 22.26%
• 6M: 24.22%
• 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)

SFTX vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
SFTX Horizon International Managed Risk ETF	12.15%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

SFTX vs. DWAT - Sectors Allocation Comparison

Sectors	SFTX	DWAT
Technology	28.2%	10.2%
Financial Services	16.2%	27.2%
Industrials	12.1%	25.1%
Healthcare	10.1%	5.3%
Basic Materials	8.6%	2.6%
Energy	8.0%	4.2%
Consumer Cyclical	5.9%	5.2%
Communication Services	4.5%	3.4%
Consumer Defensive	3.7%	6.5%
Utilities	1.9%	5.3%
Real Estate	0.9%	5.1%

Return for Risk

SFTX vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon International Managed Risk ETF (SFTX) 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

	SFTX	DWAT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.57	—	—

Drawdowns

SFTX vs. DWAT - Drawdown Comparison

The maximum SFTX drawdown since its inception was -12.75%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SFTX and DWAT.

Drawdown Indicators

	SFTX	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-12.75%	0.00%	-12.75%
Current Drawdown Current decline from peak	-0.29%	0.00%	-0.29%
Average Drawdown Average peak-to-trough decline	-2.78%	0.00%	-2.78%

Volatility

Volatility by Period

	SFTX	DWAT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.65%	0.00%	+21.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	0.00%	+21.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	0.00%	+21.65%

SFTX vs. DWAT - Expense Ratio Comparison

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

Dividends

SFTX vs. DWAT - Dividend Comparison

SFTX's dividend yield for the trailing twelve months is around 0.20%, while DWAT has not paid dividends to shareholders.

Position	TTM	2025
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%
SFTX Horizon International Managed Risk ETF	0.20%	0.25%

Frequently Asked Questions

Which ETF is better, SFTX or DWAT?

On fees, SFTX 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, SFTX or DWAT?

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

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

SFTX has the higher dividend yield at 0.20%, compared with 0.00% for DWAT.

What is the main difference between SFTX and DWAT?

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