WAMA vs. DWAT

Last updated Jun 4, 2026

WAMA (WisdomTree U.S. Adaptive Moving Average Fund) and DWAT (Arrow DWA Tactical: Macro ETF) are both Tactical Allocation funds. WAMA is passively managed, while DWAT is actively managed. WAMA charges 0.32%/yr vs 1.83%/yr for DWAT.

Performance

WAMA vs. DWAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Adaptive Moving Average Fund (WAMA) and Arrow DWA Tactical: Macro ETF (DWAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAMA

• 1D: -0.73%
• 1M: —
• YTD: —
• 6M: —
• 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)

WAMA vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
WAMA WisdomTree U.S. Adaptive Moving Average Fund	2.77%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

Return for Risk

WAMA vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Adaptive Moving Average Fund (WAMA) 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

	WAMA	DWAT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.87	—	—

Drawdowns

WAMA vs. DWAT - Drawdown Comparison

The maximum WAMA drawdown since its inception was -1.91%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for WAMA and DWAT.

Drawdown Indicators

	WAMA	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-1.91%	0.00%	-1.91%
Current Drawdown Current decline from peak	-0.73%	0.00%	-0.73%
Average Drawdown Average peak-to-trough decline	-0.39%	0.00%	-0.39%

Volatility

Volatility by Period

	WAMA	DWAT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.20%	0.00%	+9.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.20%	0.00%	+9.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.20%	0.00%	+9.20%

WAMA vs. DWAT - Expense Ratio Comparison

WAMA has a 0.32% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

WAMA vs. DWAT - Dividend Comparison

Neither WAMA nor DWAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, WAMA or DWAT?

On fees, WAMA is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WAMA or DWAT?

WAMA is cheaper with a 0.32% expense ratio, compared with 1.83% for DWAT.

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

WAMA and DWAT have nearly identical dividend yields, around 0.00%.

What is the main difference between WAMA and DWAT?

They also come from different issuers: WisdomTree and Arrow Funds. Their fees differ too: 0.32% for WAMA and 1.83% for DWAT.