DWAT vs. MPAY ETF Comparison
Comparison of Arrow DWA Tactical ETF (DWAT) to Akros Monthly Payout ETF (MPAY)
DWAT
Arrow DWA Tactical ETF
DWAT Description
The investment seeks to achieve long-term capital appreciation with capital preservation as a secondary objective. The fund primarily invests in other exchange traded funds that each invest primarily in domestic and foreign, equity securities of any market capitalization, fixed-income securities of any credit quality, or alternative assets. The fund may invest up to 25% of its total assets in the Tactical Subsidiary. The Tactical Subsidiary will invest primarily in commodity futures, fixed-income securities and cash equivalents, which are intended to serve as margin or collateral for its investments in commodity futures. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$11.90
Average Daily Volume
698
5
MPAY
Akros Monthly Payout ETF
MPAY Description
MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.Grade (RS Rating)
Last Trade
$25.76
Average Daily Volume
805
51
Performance
| Period | DWAT | MPAY |
|---|---|---|
| 30 Days | 0.39% | 0.06% |
| 60 Days | 4.03% | 0.53% |
| 90 Days | 6.31% | 1.75% |
| 12 Months | 22.24% | 23.79% |
0 Overlapping Holdings
| Symbol | Grade | Weight in DWAT | Weight in MPAY | Overlap |
|---|
DWAT Underweight 51 Positions Relative to MPAY
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | B | -6.38% | |
| AAPL | C | -5.94% | |
| MSFT | D | -5.7% | |
| AMZN | C | -4.97% | |
| GOOGL | C | -4.73% | |
| GLDM | C | -3.6% | |
| IAUM | C | -3.36% | |
| LLY | F | -3.04% | |
| WMT | A | -2.21% | |
| TSLA | B | -1.83% | |
| ORCL | A | -1.78% | |
| V | A | -1.77% | |
| COST | A | -1.77% | |
| MA | B | -1.76% | |
| UNH | B | -1.74% | |
| HD | B | -1.74% | |
| ADBE | C | -1.57% | |
| XOM | B | -1.55% | |
| MRK | D | -1.53% | |
| NOW | A | -1.46% | |
| JNJ | C | -1.46% | |
| AMAT | F | -1.45% | |
| ABBV | F | -1.45% | |
| NFLX | A | -1.44% | |
| CRM | B | -1.43% | |
| LOW | C | -1.37% | |
| QCOM | F | -1.36% | |
| ACN | B | -1.34% | |
| CVX | A | -1.32% | |
| KLAC | F | -1.32% | |
| MCD | D | -1.31% | |
| INTU | B | -1.3% | |
| CAT | B | -1.28% | |
| HCA | F | -1.28% | |
| FTNT | C | -1.28% | |
| TJX | A | -1.28% | |
| CSCO | B | -1.28% | |
| PM | B | -1.27% | |
| LIN | C | -1.27% | |
| BKNG | A | -1.26% | |
| PEP | F | -1.25% | |
| NKE | F | -1.25% | |
| ADP | A | -1.24% | |
| AZO | C | -1.24% | |
| ABNB | C | -1.23% | |
| TXN | C | -1.23% | |
| ABT | B | -1.23% | |
| LMT | D | -1.23% | |
| UPS | C | -1.22% | |
| RTX | D | -1.19% | |
| DELL | B | -1.02% |
DWAT: Top Represented Industries & Keywords
MPAY: Top Represented Industries & Keywords
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