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Wavefront All-Weather Alternative Fund Series ETF (WAAV.TO) ETF Analysis

WAAV.TO

Expense ratio 4.49% Yield 8.05% Assets CA$25.51M Since December 31, 2024 Family Arrow Capital Management Inc

Last Updated: October 21, 2026

CA$20.94

+CA$0.19 (+0.92%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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WAAV.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	−1.71%	−1.71%	CA$98.29	CA$294.88
Since January 20, 2025	+12.15%	+6.77%	CA$112.15	CA$336.46

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

WAAV.TO Return by Calendar Year

2026 is a partial year

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+0.75%
2025	+11.31%

WAAV.TO Monthly Returns

−5%+6%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+4.8	−0.1	−3.8	+4.0	+1.6	+0.3	−4.8	+0.3	−0.7	−0.5	—	—
2025	—	+1.6	−1.3	−2.2	+0.9	+1.0	+0.5	+2.8	+5.9	+1.3	+0.0	+0.2

Monthly total returns with dividends reinvested; each cell prints its signed value.

WAAV.TO Volatility & Risk

Volatility: 1 yr

Annualized volatility: 12.67%
Best year: +11.31%
Worst year: +11.31%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

#	Symbol	Name	Weight
1	SRU-UN.TO	SmartCentres Real Estate Investment Trust Trust Units Variable Voting	5.21%
2	CRT-UN.TO	CT Real Estate Investment Trust	4.6%
3	DIR-UN.TO	Dream Industrial Real Estate Investment Trust	4.23%
4	BEI-UN.TO	Boardwalk Real Estate Investment Trust	3.61%
5	PMZ-UN.TO	Primaris REIT Unit - Series A	2.99%
6	HR-UN.TO	H&R Real Estate Investment Trust Stapled Units Cons of 1 H&R REIT Ut ' 1 H&	2.98%
7	KMP-UN.TO	Killam Apartment Real Estate Investment Trust	2.38%
8	AP-UN.TO	Allied Properties Real Estate Investment Trust	1.49%

Analysis

Data-derived

Fund Overview

Wavefront All-Weather Alternative Fund Series ETF (WAAV.TO) is an exchange-traded fund. The fund is issued by Arrow Capital Management Inc. The inception date on file is December 31, 2024. The fund holds CA$25.51M in total net assets. Annual costs run at an expense ratio of 4.49%. On a CA$10,000 position that is CA$449.00 a year.

Its biggest positions are SmartCentres Real Estate Investment Trust Trust Units Variable Voting (SRU-UN.TO), CT Real Estate Investment Trust (CRT-UN.TO), and Dream Industrial Real Estate Investment Trust (DIR-UN.TO). SmartCentres Real Estate Investment Trust Trust Units Variable Voting alone accounts for 5.21% of the portfolio.

Performance Analysis

WAAV.TO last closed at CA$20.94 on October 21, 2026. Over the trailing twelve months the total return is −1.71%. The stored price history starts on January 20, 2025, and the total return since then is +12.15%. The fund distributes at a trailing yield of 8.05%.

The record holds one complete calendar year, 2025, which returned +11.31%. So far in 2026 the total return is +0.75%.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$20.60 to CA$26.48. The latest close sits 1.65% above that 52-week low. Daily returns over the trailing 1 year annualize to a volatility of 12.67%. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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