XDAT vs. DWAT

Last updated Jun 4, 2026

XDAT (Franklin Exponential Data ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both exchange-traded funds - XDAT is a Technology Equities fund actively managed by Franklin Templeton, while DWAT is a Tactical Allocation fund actively managed by Arrow Funds. Both are actively managed. XDAT charges 0.50%/yr vs 1.83%/yr for DWAT.

Performance

XDAT vs. DWAT - Performance Comparison

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

Returns By Period

XDAT

• 1D: -3.31%
• 1M: 10.82%
• YTD: 0.92%
• 6M: -1.59%
• 1Y: -1.19%
• 3Y*: 12.16%
• 5Y*: 1.26%
• 10Y*: —

DWAT

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

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

XDAT vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
XDAT Franklin Exponential Data ETF	19.98%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

XDAT vs. DWAT - Sectors Allocation Comparison

Sectors	XDAT	DWAT
Technology	53.3%	10.2%
Communication Services	35.1%	3.4%
Real Estate	5.7%	5.1%
Financial Services	4.1%	27.2%
Healthcare	2.6%	5.3%
Consumer Cyclical	1.3%	5.2%
Industrials	0.5%	25.1%
Basic Materials	-	2.6%
Consumer Defensive	-	6.5%
Energy	-	4.2%
Utilities	-	5.3%

Return for Risk

XDAT vs. DWAT — Risk / Return Rank

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

XDAT

XDAT Risk / Return Rank: 8
XDAT Sharpe Ratio Rank: 8
XDAT Sortino Ratio Rank: 8
XDAT Omega Ratio Rank: 8
XDAT Calmar Ratio Rank: 8
XDAT Martin Ratio Rank: 8

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.

XDAT vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Exponential Data ETF (XDAT) 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.

	XDAT	DWAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	—	—
Sortino ratio: Return per unit of downside risk	0.09	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.04	—	—
Martin ratio: Return relative to average drawdown	-0.09	—	—
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

	XDAT	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	—	—

Drawdowns

XDAT vs. DWAT - Drawdown Comparison

The maximum XDAT drawdown since its inception was -54.87%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for XDAT and DWAT.

Drawdown Indicators

	XDAT	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-54.87%	0.00%	-54.87%
Max Drawdown (1Y) Largest decline over 1 year	-29.56%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-54.87%	—	—
Current Drawdown Current decline from peak	-15.57%	0.00%	-15.57%
Average Drawdown Average peak-to-trough decline	-25.91%	0.00%	-25.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.78%	—	—

Volatility

Volatility by Period

	XDAT	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.56%	0.00%	+23.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.45%	0.00%	+29.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.43%	0.00%	+29.43%

XDAT vs. DWAT - Expense Ratio Comparison

XDAT has a 0.50% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

XDAT vs. DWAT - Dividend Comparison

Neither XDAT nor DWAT has paid dividends to shareholders.

Position	TTM	2025	2024
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%
XDAT Franklin Exponential Data ETF	0.00%	0.00%	0.13%

Frequently Asked Questions

Which ETF is better, XDAT or DWAT?

On fees, XDAT is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDAT or DWAT?

XDAT is cheaper with a 0.50% expense ratio, compared with 1.83% for DWAT.

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

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

What is the main difference between XDAT and DWAT?

XDAT is categorized as Technology Equities, while DWAT is Tactical Allocation. They also come from different issuers: Franklin Templeton and Arrow Funds. Their fees differ too: 0.50% for XDAT and 1.83% for DWAT.