DWAT vs VYM
Arrow DWA Tactical ETF vs Vanguard High Dividend Yield ETF
Which is better, DWAT or VYM?
Allocation/Balanced against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DWAT | VYM |
|---|---|---|
| Expense Ratio | 1.83% | 0.04%Best |
| AUM | $2M | $81.6B |
| Dividend Yield | 10.89% | 2.24% |
| Holdings | 12 | 613 |
| Volatility (annualized) | 12.8%Best | 14.2% |
| Max Drawdown | -34.7%Best | -35.7% |
| $10,000 over 10.7 years | $16,582 | $22,739Best |
| Fund Family | Arrow Investment Trust | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Value |
| Inception | Oct 1, 2014 | Nov 10, 2006 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 438 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. DWAT has data through Jun 23, 2025 and VYM through Sep 4, 2026.
Volatility and max drawdown, and the $10,000 over 10.7 years row, are measured over the window both funds cover: Oct 1, 2014 to Jun 23, 2025 (10.7 years).
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 12.8% for DWAT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.7% for DWAT and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DWAT charges 1.83% per year while VYM charges 0.04%. On a $10,000 position that is $183 vs $4 annually, a gap of $179 per year that compounds over a long holding period. On income, DWAT currently yields 10.89% against 2.24% for VYM.
You are not choosing between two funds in isolation.
Whichever of DWAT and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DWAT or VYM?
DWAT has an expense ratio of 1.83% while VYM charges 0.04%. VYM is the cheaper option, by $179 a year on a $10,000 investment.
Which is riskier, DWAT or VYM?
VYM has been the more volatile fund at 14.2% annualized versus 12.8% for DWAT. Worst drawdown: DWAT -34.7% vs VYM -35.7%.
Should I hold both DWAT and VYM?
DWAT and VYM have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DWAT or VYM?
DWAT yields 10.89% while VYM yields 2.24%, so DWAT currently pays the higher dividend yield.
Is VYM better than DWAT?
VYM has a lower expense ratio. VYM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.