XTJL vs. DWAT

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) and Arrow DWA Tactical ETF (DWAT).

XTJL and DWAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021. DWAT is an actively managed fund by Arrow Funds. It was launched on Oct 1, 2014.

Performance

XTJL vs. DWAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) and Arrow DWA Tactical ETF (DWAT). The values are adjusted to include any dividend payments, if applicable.

XTJL vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	-2.32%
DWAT Arrow DWA Tactical ETF	0.00%

Returns By Period

XTJL

• 1D: 2.47%
• 1M: -2.34%
• YTD: -1.36%
• 6M: 1.27%
• 1Y: 15.57%
• 3Y*: 14.33%
• 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)

XTJL vs. DWAT - Expense Ratio Comparison

XTJL has a 0.79% expense ratio, which is lower than DWAT's 1.66% expense ratio.

DWAT

Arrow DWA Tactical ETF

XTJL

Innovator U.S. Equity Accelerated Plus ETF - July

Return for Risk

XTJL vs. DWAT — Risk / Return Rank

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

XTJL

XTJL Risk / Return Rank: 57
XTJL Sharpe Ratio Rank: 47
XTJL Sortino Ratio Rank: 51
XTJL Omega Ratio Rank: 73
XTJL Calmar Ratio Rank: 45
XTJL Martin Ratio Rank: 71

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.

XTJL vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) and Arrow DWA Tactical 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.

	XTJL	DWAT	Difference
Sharpe ratio Return per unit of total volatility	0.86	—	—
Sortino ratio Return per unit of downside risk	1.38	—	—
Omega ratio Gain probability vs. loss probability	1.28	—	—
Calmar ratio Return relative to maximum drawdown	1.18	—	—
Martin ratio Return relative to average drawdown	7.42	—	—
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

	XTJL	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	—	—

Dividends

XTJL vs. DWAT - Dividend Comparison

Neither XTJL nor DWAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

XTJL vs. DWAT - Drawdown Comparison

The maximum XTJL drawdown since its inception was -23.24%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for XTJL and DWAT.

Drawdown Indicators

	XTJL	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-23.24%	0.00%	-23.24%
Max Drawdown (1Y) Largest decline over 1 year	-13.81%	—	—
Current Drawdown Current decline from peak	-2.77%	0.00%	-2.77%
Average Drawdown Average peak-to-trough decline	-4.18%	0.00%	-4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	—	—

Volatility

Volatility by Period

	XTJL	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.18%	0.00%	+18.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	0.00%	+15.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	0.00%	+15.46%