TRTY vs. DWAT

Last updated Jun 4, 2026

TRTY (Cambria Trinity ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both Tactical Allocation funds. TRTY is passively managed, while DWAT is actively managed. TRTY charges 0.44%/yr vs 1.83%/yr for DWAT.

Performance

TRTY vs. DWAT - Performance Comparison

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

Returns By Period

TRTY

• 1D: -0.42%
• 1M: 0.96%
• YTD: 10.10%
• 6M: 11.29%
• 1Y: 23.79%
• 3Y*: 11.86%
• 5Y*: 5.91%
• 10Y*: —

DWAT

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRTY vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
TRTY Cambria Trinity ETF	3.01%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

TRTY vs. DWAT - Sectors Allocation Comparison

Sectors	TRTY	DWAT
Energy	18.2%	4.2%
Financial Services	15.8%	27.2%
Industrials	13.4%	25.1%
Basic Materials	11.1%	2.6%
Real Estate	8.7%	5.1%
Consumer Cyclical	7.9%	5.2%
Technology	7.7%	10.2%
Utilities	6.9%	5.3%
Communication Services	3.9%	3.4%
Consumer Defensive	3.8%	6.5%
Healthcare	2.6%	5.3%

Return for Risk

TRTY vs. DWAT — Risk / Return Rank

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

TRTY

TRTY Risk / Return Rank: 79
TRTY Sharpe Ratio Rank: 76
TRTY Sortino Ratio Rank: 68
TRTY Omega Ratio Rank: 83
TRTY Calmar Ratio Rank: 82
TRTY Martin Ratio Rank: 85

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.

TRTY vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Trinity ETF (TRTY) 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.

	TRTY	DWAT	Difference
Sharpe ratio: Return per unit of total volatility	2.50	—	—
Sortino ratio: Return per unit of downside risk	3.17	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	4.35	—	—
Martin ratio: Return relative to average drawdown	17.99	—	—
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

	TRTY	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	—	—

Drawdowns

TRTY vs. DWAT - Drawdown Comparison

The maximum TRTY drawdown since its inception was -22.35%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TRTY and DWAT.

Drawdown Indicators

	TRTY	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-22.35%	0.00%	-22.35%
Max Drawdown (1Y) Largest decline over 1 year	-5.49%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	—	—
Current Drawdown Current decline from peak	-0.62%	0.00%	-0.62%
Average Drawdown Average peak-to-trough decline	-4.17%	0.00%	-4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	—	—

Volatility

Volatility by Period

	TRTY	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.54%	0.00%	+9.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.62%	0.00%	+10.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.41%	0.00%	+10.41%

TRTY vs. DWAT - Expense Ratio Comparison

TRTY has a 0.44% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

TRTY vs. DWAT - Dividend Comparison

TRTY's dividend yield for the trailing twelve months is around 3.01%, while DWAT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TRTY Cambria Trinity ETF	3.01%	2.86%	3.55%	3.24%	5.17%	4.52%	1.99%	2.64%	1.07%

Frequently Asked Questions

Which ETF is better, TRTY or DWAT?

On fees, TRTY is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRTY or DWAT?

TRTY is cheaper with a 0.44% expense ratio, compared with 1.83% for DWAT.

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

TRTY has the higher dividend yield at 3.01%, compared with 0.00% for DWAT.

What is the main difference between TRTY and DWAT?

They also come from different issuers: Cambria and Arrow Funds. Their fees differ too: 0.44% for TRTY and 1.83% for DWAT.