THIR vs. DWAT

Last updated Jun 4, 2026

THIR (THOR Index Rotation ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both Tactical Allocation funds. THIR is passively managed, while DWAT is actively managed. THIR charges 0.70%/yr vs 1.83%/yr for DWAT.

Performance

THIR vs. DWAT - Performance Comparison

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

Returns By Period

THIR

• 1D: -0.71%
• 1M: 7.55%
• YTD: 7.85%
• 6M: 7.66%
• 1Y: 24.32%
• 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)

THIR vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
THIR THOR Index Rotation ETF	4.64%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

THIR vs. DWAT - Sectors Allocation Comparison

Sectors	THIR	DWAT
Technology	45.3%	10.2%
Communication Services	13.2%	3.4%
Consumer Cyclical	11.2%	5.2%
Healthcare	6.3%	5.3%
Consumer Defensive	6.2%	6.5%
Financial Services	6.0%	27.2%
Industrials	5.5%	25.1%
Energy	2.1%	4.2%
Utilities	1.8%	5.3%
Basic Materials	1.5%	2.6%
Real Estate	1.0%	5.1%

Return for Risk

THIR vs. DWAT — Risk / Return Rank

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

THIR

THIR Risk / Return Rank: 60
THIR Sharpe Ratio Rank: 62
THIR Sortino Ratio Rank: 63
THIR Omega Ratio Rank: 61
THIR Calmar Ratio Rank: 56
THIR Martin Ratio Rank: 57

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.

THIR vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR Index Rotation ETF (THIR) 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.

	THIR	DWAT	Difference
Sharpe ratio Return per unit of total volatility	2.11	—	—
Sortino ratio Return per unit of downside risk	2.97	—	—
Omega ratio Gain probability vs. loss probability	1.37	—	—
Calmar ratio Return relative to maximum drawdown	2.75	—	—
Martin ratio Return relative to average drawdown	9.85	—	—
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

	THIR	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	—	—

Drawdowns

THIR vs. DWAT - Drawdown Comparison

The maximum THIR drawdown since its inception was -10.05%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for THIR and DWAT.

Drawdown Indicators

	THIR	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-10.05%	0.00%	-10.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	—	—
Current Drawdown Current decline from peak	-0.71%	0.00%	-0.71%
Average Drawdown Average peak-to-trough decline	-1.99%	0.00%	-1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	—	—

Volatility

Volatility by Period

	THIR	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	0.00%	+11.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.64%	0.00%	+12.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.64%	0.00%	+12.64%

THIR vs. DWAT - Expense Ratio Comparison

THIR has a 0.70% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

THIR vs. DWAT - Dividend Comparison

THIR's dividend yield for the trailing twelve months is around 0.33%, while DWAT has not paid dividends to shareholders.

Position	TTM	2025	2024
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%
THIR THOR Index Rotation ETF	0.33%	0.35%	0.29%

Frequently Asked Questions

Which ETF is better, THIR or DWAT?

On fees, THIR is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, THIR or DWAT?

THIR is cheaper with a 0.70% expense ratio, compared with 1.83% for DWAT.

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

THIR has the higher dividend yield at 0.33%, compared with 0.00% for DWAT.

What is the main difference between THIR and DWAT?

They also come from different issuers: THOR and Arrow Funds. Their fees differ too: 0.70% for THIR and 1.83% for DWAT.