RAAX vs. DWAT ETF Comparison

Comparison of VanEck Vectors Real Asset Allocation ETF (RAAX) to Arrow DWA Tactical ETF (DWAT)

RAAX

VanEck Vectors Real Asset Allocation ETF

RAAX Description

The investment seeks long-term total return. The fund invests, under normal circumstances, primarily in (i) exchange traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships ("MLPs"), and physical commodities, including ETFs and non-1940 Act (defined herein) commodity pools or commodity trusts and exchange traded notes ("ETNs") (collectively, "ETPs"); and (ii) cash or cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.48

Average Daily Volume

13,150

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

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

$11.85

Average Daily Volume

643

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	RAAX	DWAT
30 Days	-0.15%	0.74%
60 Days	4.58%	5.03%
90 Days	6.19%	6.62%
12 Months	15.52%	21.71%

0 Overlapping Holdings

	Symbol	Grade	Weight in RAAX	Weight in DWAT	Overlap

RAAX Overweight 9 Positions Relative to DWAT

	Symbol	Grade	Weight
	PIT	D	21.19%
	EINC	A	12.97%
	REZ	C	6.52%
	PAVE	A	5.07%
	NLR	C	2.15%
	SLX	C	1.7%
	GDX	D	1.4%
	PHO	B	1.03%
	MOO	F	0.96%

RAAX Underweight 5 Positions Relative to DWAT

	Symbol	Grade	Weight
	RPV	A	-10.48%
	MTUM	A	-8.79%
	PHYS	C	-8.57%
	PFM	A	-8.37%
	PSLV	C	-8.26%

RAAX: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund American Depositary Receipt Exchange Traded Funds Agribusiness Agricultural Products Agriculture Agronomy Aquaculture Commodity Commodity Markets Depositary Receipt Energy Infrastructure Exchange Traded Products Farm Machinery Fertilizer Food Industry Gold Mining Gold Mining Industry Investment Trust

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