XRLX vs. DWAT

Last updated Jun 4, 2026

XRLX (FundX Conservative ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both Tactical Allocation funds. Both are actively managed. XRLX charges 1.63%/yr vs 1.83%/yr for DWAT.

Performance

XRLX vs. DWAT - Performance Comparison

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

Returns By Period

XRLX

• 1D: -0.47%
• 1M: 4.47%
• YTD: 7.85%
• 6M: 8.12%
• 1Y: 17.90%
• 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)

XRLX vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
XRLX FundX Conservative ETF	6.82%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

XRLX vs. DWAT - Sectors Allocation Comparison

Sectors	XRLX	DWAT
Technology	36.8%	10.2%
Financial Services	12.1%	27.2%
Communication Services	11.9%	3.4%
Consumer Cyclical	10.0%	5.2%
Industrials	7.1%	25.1%
Healthcare	6.6%	5.3%
Consumer Defensive	4.9%	6.5%
Energy	3.3%	4.2%
Utilities	3.2%	5.3%
Basic Materials	2.7%	2.6%
Real Estate	1.4%	5.1%

Return for Risk

XRLX vs. DWAT — Risk / Return Rank

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

XRLX

XRLX Risk / Return Rank: 67
XRLX Sharpe Ratio Rank: 68
XRLX Sortino Ratio Rank: 70
XRLX Omega Ratio Rank: 69
XRLX Calmar Ratio Rank: 58
XRLX Martin Ratio Rank: 70

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.

XRLX vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FundX Conservative ETF (XRLX) 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.

	XRLX	DWAT	Difference
Sharpe ratio Return per unit of total volatility	2.22	—	—
Sortino ratio Return per unit of downside risk	3.18	—	—
Omega ratio Gain probability vs. loss probability	1.41	—	—
Calmar ratio Return relative to maximum drawdown	2.86	—	—
Martin ratio Return relative to average drawdown	12.92	—	—
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

	XRLX	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.41	—	—

Drawdowns

XRLX vs. DWAT - Drawdown Comparison

The maximum XRLX drawdown since its inception was -15.33%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for XRLX and DWAT.

Drawdown Indicators

	XRLX	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-15.33%	0.00%	-15.33%
Max Drawdown (1Y) Largest decline over 1 year	-6.28%	—	—
Current Drawdown Current decline from peak	-0.47%	0.00%	-0.47%
Average Drawdown Average peak-to-trough decline	-1.70%	0.00%	-1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	—	—

Volatility

Volatility by Period

	XRLX	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.10%	0.00%	+8.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.05%	0.00%	+11.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.05%	0.00%	+11.05%

XRLX vs. DWAT - Expense Ratio Comparison

XRLX has a 1.63% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

XRLX vs. DWAT - Dividend Comparison

XRLX's dividend yield for the trailing twelve months is around 2.57%, while DWAT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%	0.00%
XRLX FundX Conservative ETF	2.57%	2.77%	1.66%	1.68%

Frequently Asked Questions

Which ETF is better, XRLX or DWAT?

On fees, XRLX is cheaper at 1.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRLX or DWAT?

XRLX is cheaper with a 1.63% expense ratio, compared with 1.83% for DWAT.

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

XRLX has the higher dividend yield at 2.57%, compared with 0.00% for DWAT.

What is the main difference between XRLX and DWAT?

They also come from different issuers: FundX and Arrow Funds. Their fees differ too: 1.63% for XRLX and 1.83% for DWAT.