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ETFs

Arrow Investments Trust Arrow DWA Tactical ETF

DWAT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 01 2014
Expense Ratio
1.81%
Type
Global Diversified
Fund Owner
ArrowShares
Volume (1m avg. daily)
$10,707
AUM
$2,952,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

RPV
Invesco Capital Management LLC - Invesco S&P 500 Pure Value ETF
10.67%
QUAL
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Quality Factor ETF
10.66%
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
10.30%
XLI
SSgA Active Trust - Industrial Select Sector SPDR
10.27%
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
10.02%
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
9.82%
XLK
SSgA Active Trust - Technology Select Sector SPDR ETF
9.64%
RFG
Invesco Capital Management LLC - Invesco S&P MidCap 400 Pure Growth ETF
9.36%
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
9.23%
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF
8.96%
Invest with DWAT

What is DWAT?

Arrow DWA Tactical Macro ETF seeks long term capital appreciation with capital preservation as a secondary objective. The Fund seeks to achieve its investment objective by implementing a proprietary Relative Strength (RS) Global Macro model managed by Dorsey Wright & Associates (DWA).

ETFs related toDWAT

ETFs correlated to DWAT include GJUL, LGRO, RLY

DWAT
Arrow Investments Trust - Arrow DWA Tactical: Macro ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
RLY
SSgA Active Trust - SPDR SSgA Multi-Asset Real Return ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
FV
First Trust Exchange-Traded Fund III - First Trust Dorsey Wright Focus 5 ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

DWAT is a Global Diversified ETF. Arrow DWA Tactical Macro ETF seeks long term capital appreciation with capital preservation as a secondary objective. The Fund seeks to achieve its investment objective by implementing a proprietary Relative Strength (RS) Global Macro model managed by Dorsey Wright & Associates (DWA).

Yes, DWAT is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, DWAT is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DWAT is -0.0101%. This is the percent change in the value of DWAT over the most recent 1-month period. The 3-month return on DWAT is -0.015%. This is the percent change in the value of DWAT over the most recent 3-month period.

The standard deviation of DWAT for the past year is 0.1625%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DWAT include PFF, PGF, and PGX.

ETFs correlated to DWAT include GJUL, LGRO, and RLY.

ETFs that are inversely correlated to DWAT include DOG, SPDN, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.