DWCR
Arrow DWA Tactical: International ETF
The Arrow DWA Country Rotation ETF tracks an index of international stocks selected based on country and individual stock momentum.
Global
EQUITY
Passive
MANAGEMENT STYLE
6.1 M
ASSETS UNDER MGMT
134 bp
EXPENSES
Fund Basics
| Fund sponsor | Arrow Investment Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 28, 2017 |
| Assets (mns) | $6 |
| Expense ratio | 134 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Momentum |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top 10 Holdings
| ISHARES MSCI SWEDEN ETF | 10.6 % |
| ISHARES MSCI CHINA ETF | 10.3 % |
| ISHARES MSCI SPAIN ETF | 10.2 % |
| ISHARES MSCI ITALY ETF | 10.2 % |
| ISHARES MSCI FRANCE ETF | 10.2 % |
| ISHARES MSCI SOUTH AFRICA ETF | 9.9 % |
| ISHARES MSCI ISRAEL ETF | 9.9 % |
| ISHARES MSCI AUSTRALIA ETF | 9.6 % |
| ISHARES MSCI TAIWAN ETF | 9.2 % |
| ISHARES MSCI INDIA ETF | 8.5 % |
Constituent Breakdown
| Number of holdings | 22 |
| Herfindahl-Hirschman Index | 599 |
| Wgt avg mkt cap (mns) | $75,082 |
| Large cap (>$10bn) | 72.7% |
| Mid cap ($2-10bn) | 22.8% |
| Small cap (<$2bn) | 2.5% |
| Developed mkts. | 59.0% |
| Emerging mkts. | 39.0% |
Country Exposure
 |
SPAIN | 10.2 % |
 |
ITALY | 9.6 % |
 |
ISRAEL | 9.4 % |
 |
FRANCE | 9.3 % |
 |
CHINA | 9.3 % |
 |
SWEDEN | 9.2 % |
 |
AUSTRALIA | 9.1 % |
 |
TAIWAN | 9.1 % |
 |
INDIA | 8.0 % |
 |
SOUTH AFRICA | 7.1 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.2% | 0.0% | 4.9% | 0.7% | 5.5% | -- | 2.1% | Volatility | 16.0% | 14.7% | 14.7% | 22.5% | 28.2% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.80 | 62% |
| MSCI EAFE | 0.89 | 80% |
| MSCI Emg Mkts | 0.73 | 54% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 1.86% |
| ADV of underlying (mns) | $1,268 |
Technical Indicators
| Recent close | $29.69 |
| 30d moving avg. | $29.48 |
| Annualized volatility | 17.2% |
| Relative strength (RSI) | 58 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DWCR |
Expenses vs. DWCR |
ALTAR Score™ vs. DWCR |
|---|
Risk and Returns: DWCR vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/13/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DWCR
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
DWCR
5.9%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 359 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.9%. DWCR's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places DWCR in the 64th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DWCRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| DWCR (134 bp) Percentile rank | 99 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DWCR | 134.0 | 186.1 | 320.1 |
| Peer Avg. | 49.6 | 29.8 | 79.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .