SFTY vs. DWAT

Last updated Jun 4, 2026

SFTY (Horizon Managed Risk ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both Tactical Allocation funds. SFTY charges 0.77%/yr vs 1.83%/yr for DWAT.

Performance

SFTY vs. DWAT - Performance Comparison

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

Returns By Period

SFTY

• 1D: -0.32%
• 1M: 4.71%
• YTD: 9.84%
• 6M: 9.81%
• 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)

SFTY vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
SFTY Horizon Managed Risk ETF	8.34%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

Return for Risk

SFTY vs. DWAT - Risk-Adjusted Trends Comparison

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

	SFTY	DWAT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	—	—

Drawdowns

SFTY vs. DWAT - Drawdown Comparison

The maximum SFTY drawdown since its inception was -8.64%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SFTY and DWAT.

Drawdown Indicators

	SFTY	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-8.64%	0.00%	-8.64%
Current Drawdown Current decline from peak	-0.32%	0.00%	-0.32%
Average Drawdown Average peak-to-trough decline	-1.10%	0.00%	-1.10%

Volatility

Volatility by Period

	SFTY	DWAT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.64%	0.00%	+11.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.64%	0.00%	+11.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.64%	0.00%	+11.64%

SFTY vs. DWAT - Expense Ratio Comparison

SFTY has a 0.77% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

SFTY vs. DWAT - Dividend Comparison

SFTY's dividend yield for the trailing twelve months is around 0.17%, while DWAT has not paid dividends to shareholders.

Position	TTM	2025
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%
SFTY Horizon Managed Risk ETF	0.17%	0.19%

Frequently Asked Questions

Which ETF is better, SFTY or DWAT?

On fees, SFTY is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFTY or DWAT?

SFTY is cheaper with a 0.77% expense ratio, compared with 1.83% for DWAT.

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

SFTY has the higher dividend yield at 0.17%, compared with 0.00% for DWAT.

What is the main difference between SFTY and DWAT?

They also come from different issuers: Horizon and Arrow Funds. Their fees differ too: 0.77% for SFTY and 1.83% for DWAT.