DWAT vs. BUFF ETF Comparison

Comparison of Arrow DWA Tactical ETF (DWAT) to Innovator S&P 500 Diversified Power Buffer ETF (BUFF)

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

$11.98

Average Daily Volume

792

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

BUFF

Innovator S&P 500 Diversified Power Buffer ETF

BUFF Description

The Innovator Laddered Fund of S&P 500 Power Buffer ETFs seeks to provide exposure to the investment results of the Refinitiv Laddered Power Buffer Strategy Index. The Index is comprised of an equal-weight allocation to each of the 12 Innovator S&P 500 Power Buffer ETFs which provide the upside of U.S. equities, subject to caps, while buffering against the first 15% of U.S. equity losses.

Grade (RS Rating)

Last Trade

$44.96

Average Daily Volume

43,874

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

Performance

Period	DWAT	BUFF
30 Days	2.11%	1.33%
60 Days	4.55%	2.00%
90 Days	7.04%	3.02%
12 Months	23.08%	15.22%

0 Overlapping Holdings

	Symbol	Grade	Weight in DWAT	Weight in BUFF	Overlap

DWAT Overweight 5 Positions Relative to BUFF

	Symbol	Grade	Weight
	RPV	A	11.02%
	MTUM	A	8.91%
	PFM	A	8.46%
	PHYS	C	8.24%
	PSLV	D	7.87%

DWAT Underweight 7 Positions Relative to BUFF

	Symbol	Grade	Weight
	PJUL	A	-8.33%
	PAPR	A	-8.33%
	POCT	A	-8.31%
	PAUG	A	-8.31%
	PJUN	A	-8.31%
	PJAN	A	-8.3%
	PMAY	A	-8.3%

DWAT: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bullion Mutual Fund Mutual Fund Trust Precious Metals Silver Exchange Traded Product Stock Market Index Capitalization Weighted Index Dividend Exchange Traded Products Index Fund Invesco Powershares MSCI EAFE Msci Us Reit Index Nasdaq Composite Index S&P 500 Index CBOE S&P 500 Publishing & Printing (Sub Ind) Silver Sprott Molybdenum Participation Corporation

BUFF: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Buffer Investment Strategy Dividend Exchange Traded Funds Options Options Clearing Corporation S&P 500 S&P 500 Price SPDR