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RW vs TAOZ

Rainwater Equity ETF

RWFNYSE Arca

Thornburg American Opportunities Fund

TAOZCNasdaq

Overlap

9.7%by weight

Expense ratio

TAOZ −0.16pt a year

RW0.95%TAOZ0.79%

Avg volume · 30D

TAOZ 1.1×the volume

RW1.47KTAOZ1.64K

RW vs TAOZ Performance

Jul 31, 2026 – Nov 2, 2026

+1.1%RW+1.4%TAOZ

Jul 31, 2026 to Nov 2, 2026. RW +1.1%. TAOZ +1.4%. Use the arrow keys to read each point.−4%−2%4%Jul 2026Sep 2026Nov 2026
Expense ratio
RW 0.95%
TAOZ 0.79%, better
Fund size
RW $17M
TAOZ $488M
1Y total return
RW +0.2%
TAOZ No data
Yield (12M)
RW 0.00%
TAOZ No data
Holdings
RW 33
TAOZ 44
Avg volume (30D)
RW 1.47K sh
TAOZ 1.64K sh, better
NAV per share
RW $25.24
TAOZ $89.03
52W range

ETF.net Grade

RW: Cost 16, Risk 19, Mission 48, Tradability 33, Holdings 25, Durability 36. TAOZ: Cost 42, Risk 88, Mission not scored, Tradability 44, Holdings 45, Durability 59.
Pillar letters and Scores for RW, TAOZ, with each pillar’s weight
PillarRWTAOZ
Cost30% weightF16C42Higher
Mission25% weightC48Not scored
Risk15% weightF19A88Higher
Tradability15% weightD33C44Higher
Holdings10% weightD25C45Higher
Durability5% weightD36B59Higher

Rank among Global Active Growth funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. RW and TAOZ are both graded against the same 8 Global Active Growth funds, so their Grades compare head to head.

Global Active Growth⁠

Category · 8 funds
See all 8 ›

TAOZ ranks 3rd and RW 7th of 8 funds in the Global Active Growth Category.

  1. Rank 1ACGGOCapital Group Global Growth Equity ETFScore 71
  2. Rank 2BWLTGWealthTrust DBS Long Term Growth ETFScore 57
  3. Rank 3CTAOZThornburg American Opportunities FundScore 53
  4. Rank 4CBGGGBaillie Gifford Long Term Global Growth ETFScore 50
  5. Rank 6CFFNDOne Global ETFScore 40
  6. Rank 7FRWRainwater Equity ETFScore 22
  7. GAIQNot yet graded

Our read on each fund

ETF.net Research

RWFRainwater Equity ETF

TAOZCThornburg American Opportunities Fund

In short

RW A 2025 launch from a TCW spinout: Rainwater runs a concentrated, non-diversified global book of durable-growth businesses, measured against the S&P 500, at 0.95% with no fee waiver.

TAOZ No data

Stated mandate

RW The Fund seeks long-term capital appreciation. It is actively managed and invests in companies the sub-adviser considers well positioned for durable growth, with management teams focused on increasing cash flow over the long term.

TAOZ No data

Why people hold it

  • RW Real conviction, not closet indexing: a global, all-cap portfolio built from concentrated individual positions, with at least 80% of assets in equities.etfarchitect.com
  • Pedigree you can check: the portfolio manager founded Rainwater Equity after founding and running TCW's New America unit.yahoo.com
  • Plain-English mandate: durable growers run by management teams focused on long-term cash flow, with the S&P 500 as the stated yardstick.

TAOZ No data

Worth knowing

  • RW At 0.95% with no waiver, it prices above the category median and above peers like CGGO at 0.47% and BGGG at 0.70%.
  • Non-diversified by design, so a handful of names or one hot sector can move it far more than a broad global index fund.etfarchitect.com
  • Young (June 2025) and small, and it trades thinly, so spreads can run wider than in the category's established names.

TAOZ No data

Full RW profile⁠

Full TAOZ profile⁠

RW vs TAOZ Holdings

How RW and TAOZ differ

Overlap by weight

9.7%

Shared holdings make up 11.9% of TAOZ and 11.5% of RW.

Level by level

  • Holdings3 in both9.7%
  • Sector11 Sectors57.8%
  • Countryby domicile76.1%
  • Asset classEquity100%

Sector

Sector weights in RW and TAOZ, widest gap first
SectorMore in RWMore in TAOZ
IndustrialsRW +31.1 points
Consumer DiscretionaryTAOZ +10.0 points
CommunicationTAOZ +8.9 points
FinancialsTAOZ +7.0 points
TechnologyRW +5.5 points
EnergyTAOZ +5.3 points
UtilitiesTAOZ +3.8 points
Health CareTAOZ +3.8 points
Real EstateTAOZ +3.3 points
MaterialsRW +3.2 points
Consumer StaplesRW +2.5 points

Country, concentration and asset class

Country by domicile

Country weights in RW and TAOZ, widest gap first
CountryMore in RWMore in TAOZ
United StatesRW +13.5 points
CanadaTAOZ +6.2 points
JapanTAOZ +4.3 points
South KoreaTAOZ +3.8 points
FranceTAOZ +3.7 points
SwedenRW +3.2 points
IsraelRW +3.1 points
MexicoTAOZ +2.6 points
Other countries (4)RW +0.9 points

Concentration

Weight in the 10 largest Holdings

  • RW57.6%
  • TAOZ40.1%

Securities held

  • RW33
  • TAOZ43

Asset class

RW
Equity
TAOZ
Equity

Holdings

  • Only in RW30
  • In both3
  • Only in TAOZ40

Only in RW

30 securities, 94.4% of RW by weight

  • First American Government Obligations Fund 12/01/203113.40%
  • Berkshire Hathaway Inc7.53%
  • HEICO Corp6.05%

Only in TAOZ

40 securities, 87.1% of TAOZ by weight

  • Eli Lilly & Co.5.10%
  • Round One Corp.4.41%
  • IQVIA Holdings, Inc.3.69%

Weight gaps

All 3 Holdings in both funds, largest gap first.

Holding weights in RW and TAOZ, widest gap first
HoldingMore in RWMore in TAOZ
Mastercard IncMARW +1.81 points
Alphabet IncGOOGLTAOZ +1.68 points
Apple IncAAPLTAOZ +0.50 points

All RW holdings⁠All TAOZ 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.

RW vs TAOZ Cost

Overpaying RW vs TAOZ

$2,695

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

  • RW 0.95%

    $17,869

  • TAOZ 0.79%

    $15,174

$10,000
30 years

Cost over time

  • RW 0.95%
  • TAOZ 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530RW $17,869TAOZ $15,174

Year by year

YearRWTAOZOverpaying
10$1,678$1,405$273
20$6,322$5,331$991
30$17,869$15,174$2,695

Expense ratio

  • 0.95%RW
  • 0.79%TAOZ, cheaper
  • Middle half of Global Active Growth funds
  • Median 0.79%

TAOZ 4th cheapest of 8 funds

RW 7th cheapest of 8 funds

RW vs TAOZ Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
RW 0.00%
TAOZ No data
Payout (12M)
RW None
TAOZ None

Distribution history

Per share, 2025, same scale for both

RW1 paymentAll RW payments⁠
One bar per payment. 1 payment in 2025. Sep 29, 2025 $0.03. Use the arrow keys to read each point.$0$0.032025
TAOZAll TAOZ payments⁠

No distribution history available.

RW vs TAOZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RW 12.5%since Jul 2025TAOZ No data
Return per unit of riskSharpe ratio, 3 years
RW −0.42since Jul 2025TAOZ No data
Worst fallMax drawdown, 5 years
RW −17.0%since Jun 2025TAOZ No data
Market sensitivityBeta, 5 years
RW 0.90TAOZ 0.96

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