GRW vs NPFE: Grades, Fees and Holdings Compared

TCW Durable Growth ETF

GRWDNasdaq

Npf Core Equity Etf

NPFEACboe

Overlap

24.1%by weight

Expense ratio

NPFE −0.35pt a year

GRW0.75%NPFE0.40%

Avg volume · 30D

NPFE 2.0×the volume

GRW5.16KNPFE10.1K

GRW vs NPFE Performance

Jul 31, 2026 – Oct 30, 2026

−3.6%GRW+1.8%NPFE

Expense ratio: GRW 0.75%; NPFE 0.40%, better
Fund size: GRW $57M; NPFE $655M
1Y total return: GRW −3.3%; NPFE No data
Yield (12M): GRW 0.00%; NPFE No data
Holdings: GRW 31; NPFE 162
Avg volume (30D): GRW 5.16K sh; NPFE 10.1K sh, better
NAV per share: GRW $30.78; NPFE $28.20
52W range

ETF.net Grade

Pillar letters and Scores for GRW, NPFE, with each pillar’s weight
Pillar	GRW	NPFE
Cost30% weight	D25	A94Higher
Mission25% weight	B66	Not scored
Risk15% weight	F13	A83Higher
Tradability15% weight	D27	B63Higher
Holdings10% weight	B56	B69Higher
Durability5% weight	A73Higher	B55

Rank among US Active Quality funds

How we build Categories ›

Same Category. GRW and NPFE are both graded against the same 16 US Active Quality funds, so their Grades compare head to head.

US Active Quality⁠

Category · 16 funds

See all 16 ›

NPFE ranks 1st and GRW 14th of 16 funds in the US Active Quality Category.

Rank 1ANPFENpf Core Equity EtfScore 79
Rank 2AQLTYGMO US Quality ETFScore 75
Rank 13DNQLTNeuberger Quality Select ETFScore 31
Rank 14DGRWTCW Durable Growth ETFScore 30
Rank 15DMPLYStrategy Shares Monopoly ETFScore 26
OTAXNot yet graded

Our read on each fund

ETF.net Research

GRWDTCW Durable Growth ETF

NPFEANpf Core Equity Etf

In short

GRW The name is the strategy: roughly 30 businesses TCW believes can keep compounding, picked actively and measured against the S&P 500. A stock-picker's book priced like one, not an index sleeve.

NPFE No data

Stated mandate

GRW The fund seeks long-term growth of capital through active management.

NPFE No data

Why people hold it

GRW Roughly 30 names, actively chosen. Concentration is the point here: each holding is big enough to matter, which is the opposite of a closet index fund.
Leans toward wide-moat, cash-generating businesses rather than whatever is running hottest, and sets itself against the S&P 500 so the comparison is an honest one.tcw.com
The portfolio itself is the strongest part of the package; the fee and the thin trading are where the trade-offs sit.

NPFE No data

Worth knowing

GRW At 0.75% a year it sits in the pricier half of its active large-cap peer group. JUSA charges 0.12% and FELG 0.18% for actively steered large-cap exposure.
Thinly traded. Spreads can widen and bigger orders can push the price, so how you enter matters more than it would in a mega-cap index fund.
Concentration cuts both ways: with roughly 30 holdings, one stumble shows up fast. Distributions land once or twice a year, so this is not an income line item.

NPFE No data

Full GRW profile⁠

Full NPFE profile⁠

GRW vs NPFE Holdings

How GRW and NPFE differ

Overlap by weight

24.1%

Shared holdings make up 48.9% of GRW and 32.5% of NPFE.

Level by level

Holdings15 in both24.1%
Sector11 Sectors83.9%
Countryby domicile94.5%
Asset classEquity100%

Sector

Sector weights in GRW and NPFE, widest gap first
Sector	More in GRWMore in NPFE	GRW	NPFE
Industrials	GRW +16.1 points	28.0%	11.9%
Health Care	NPFE +6.1 points	6.9%	13.0%
Materials	NPFE +4.7 points	1.7%	6.4%
Consumer Discretionary	NPFE +3.9 points	9.5%	13.4%
Technology	NPFE +0.6 points	35.7%	36.3%
Energy	NPFE +0.3 points	0.0%	0.3%
Consumer Staples	NPFE +0.3 points	0.0%	0.3%
Financials	NPFE +0.2 points	12.0%	12.2%
Utilities	NPFE +0.1 points	0.0%	0.1%
Real Estate	NPFE +0.1 points	0.0%	0.1%
Communication	Same weight	6.2%	6.2%

Country, concentration and asset class

Country by domicile

Country weights in GRW and NPFE, widest gap first
Country	More in GRWMore in NPFE	GRW	NPFE
Netherlands	GRW +2.9 points	2.9%	0.0%
Taiwan	NPFE +2.8 points	0.0%	2.8%
United States	NPFE +2.6 points	94.4%	97.0%
Canada	GRW +2.5 points	2.6%	0.1%
Other countries (5)	NPFE +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

GRW48.5%
NPFE44.1%

Securities held

GRW31
NPFE162

Asset class

GRW: Equity
NPFE: Equity

Holdings

Only in GRW16
In both15
Only in NPFE147

Only in GRW

16 securities, 51.1% of GRW by weight

Transdigm Group Inc7.32%
General Electric4.92%
Cashusd4.85%
Heico Corp4.40%
Hilton Worldwide Hldgs3.59%
Datadog Inc - Class A3.20%
Asml Holding Nv-Ny Reg Shs2.80%
Crowdstrike Holdings Inc - A2.75%
Trane Technologies PLC2.55%
Ametek Inc2.53%
Constellation Software I /Cad/2.49%
S&P Global Inc2.30%
Eaton Corp PLC2.14%
Rb Global Inc1.97%
Snowflake Inc1.71%
Linde PLC1.59%

Only in NPFE

147 securities, 67.5% of NPFE by weight

Ball Corp4.13%
Allison Transmission Holdings3.65%
Berkshire Hathaway Inc CL B3.61%
Applied Materials Inc3.33%
Merck & Co Inc3.17%
Verisk Analytics Inc3.16%
Linde PLC3.03%
Taiwan Semiconductor Manufacturing Co Ltd ADR2.93%
Moody's Corp2.82%
Union Pacific Corp2.71%
Waste Management Inc2.68%
Abbott Laboratories2.46%
Thermo Fisher Scientific Inc2.44%
Sherwin-Williams Co/The2.28%
Coherent Corp1.86%
Motorola Solutions Inc1.82%
Knight-Swift Transportation Holdings Inc1.80%
Ecolab Inc1.54%
Eaton Corp PLC1.54%
Trimble Inc1.41%
KLA Corp1.40%
EPAM Systems Inc1.32%
Entegris Inc1.26%
SS&C Technologies Holdings Inc1.26%
Meta Platforms Inc1.21%
Tyler Technologies Inc1.15%
Zebra Technologies Corp0.90%
Stryker Corp0.90%
Nordson Corp0.88%
Home Depot Inc/The0.82%
TJX Cos Inc/The0.80%
Viking Holdings Ltd0.66%
Arista Networks Inc0.60%
Synopsys Inc0.48%
State Street Inst U.s. Government Mmkt Admn Class0.14%
Intuitive Surgical Inc0.06%
Goldman Sachs Group Inc/The0.05%
Norfolk Southern Corp0.05%
PepsiCo Inc0.04%
Advanced Micro Devices Inc0.03%
Analog Devices Inc0.03%
Rolls-Royce Holdings PLC0.03%
3M Co0.03%
Automatic Data Processing Inc0.03%
American Express Co0.03%
Lincoln Electric Holdings Inc0.03%
Parker-Hannifin Corp0.03%
Mondelez International Inc0.03%
Phillips 660.03%
Ally Financial Inc0.03%

Weight gaps

All 15 Holdings in both funds, largest gap first.

Holding weights in GRW and NPFE, widest gap first
Holding	More in GRWMore in NPFE	GRW	NPFE
Microsoft CorpMSFT	NPFE +5.14 points	5.95%	11.09%
Jack Henry & Associates IncJKHY	GRW +4.38 points	4.39%	<0.01%
Broadcom IncAVGO	GRW +4.20 points	4.26%	0.06%
Mckesson CorpMCK	GRW +4.09 points	4.10%	<0.01%
O'reilly Automotive IncORLY	GRW +3.39 points	3.40%	0.01%
Csx CorpCSX	GRW +1.99 points	2.01%	0.02%
Amazon.com IncAMZN	NPFE +1.89 points	1.85%	3.74%
Lpl Financial Holdings IncLPLA	GRW +1.69 points	1.69%	<0.01%
Netflix IncNFLX	GRW +1.56 points	1.56%	<0.01%
Cadence Design Sys IncCDNS	GRW +1.35 points	1.84%	0.49%
NVIDIA CorpNVDA	GRW +1.08 points	4.65%	3.57%
Danaher CorpDHR	NPFE +1.04 points	2.36%	3.40%
Mastercard Inc - AMA	GRW +1.01 points	3.51%	2.50%
Visa Inc-Class A SharesV	NPFE +0.31 points	3.67%	3.98%
Alphabet Inc-Cl AGOOGL	GRW +0.06 points	3.65%	3.59%

All 30 GRW holdings⁠All NPFE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GRW vs NPFE Cost

Overpaying GRW vs NPFE

$6,392

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

GRW 0.75%
$14,482
NPFE 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

GRW 0.75%
NPFE 0.40%
Overpaying

Year by year

Year	GRW	NPFE	Overpaying
10	$1,336	$723	$613
20	$5,078	$2,793	$2,285
30	$14,482	$8,090	$6,392

Expense ratio

0.75%GRW
0.40%NPFE, cheaper

NPFE0.40%GRW0.75%

0.40%1.52%

Middle half of US Active Quality funds
Median 0.65%

NPFE cheapest of 16 funds

GRW 12th cheapest of 16 funds

GRW vs NPFE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GRW 0.00%; NPFE No data
Payout (12M): GRW None; NPFE No data
Last payment: GRW No data; NPFE $0.08
Ex-dividend: GRW No data; NPFE Sep 29, 2026
Paid on: GRW No data; NPFE Sep 30, 2026
Frequency: GRW No data; NPFE Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

GRW3 paymentsAll GRW payments⁠

NPFEIrregular · 1 paymentAll NPFE payments⁠

GRW vs NPFE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GRW 13.3%since Jun 2024NPFE No data
Return per unit of riskSharpe ratio, 3 years: GRW −0.13since Jun 2024NPFE No data
Worst fallMax drawdown, 5 years: GRW −23.8%since May 2024NPFE No data
Market sensitivityBeta, 5 years: GRW 0.98NPFE 0.48; Market = 1

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