RW vs SPY
Comparison between RAINWATER EQUITY ETF (RW, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
RW vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
RW
$17M
Winner
SPY
$735B
Expense Ratio
RW
1.25%
Winner
SPY
0.09%
Max Drawdown
Winner
RW
17.13%
SPY
56.47%
Sharpe Ratio
RW
-0.23
Winner
SPY
1.62
5Y Beta
RW
1.04
Winner
SPY
1.00
P/E Ratio
RW
43.40
Winner
SPY
28.99
Forward P/E
RW
29.79
Winner
SPY
22.37
PEG Ratio
RW
0.85
SPY
N/A
5Y Dividends CAGR
RW
N/A
SPY
5.43%
5Y EPS CAGR
RW
23.79%
Winner
SPY
26.05%
Debt to Equity
Winner
RW
-56.47%
SPY
32.40%
P/S Ratio
RW
6.51
Winner
SPY
3.74
P/B Ratio
RW
6.93
Winner
SPY
5.61
RW vs SPY - Holdings Comparison
RW and SPY have 19 common holdings. Overlap is 25.12%
RW's top 25 holdings weight is 91.86%. SPY's top 25 holdings weight is 52.37%.
| Rank | RW | SPY |
|---|---|---|
| #1 | DIPLOMA PLC (n/a) - 6.98% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | LOAR HOLDINGS INC (LOAR) - 6.35% | APPLE INC (AAPL) - 7.02% |
| #3 | HEICO CORP (HEI) - 5.04% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | CISCO SYSTEMS INC (CSCO) - 4.71% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | NVIDIA CORP (NVDA) - 4.68% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | INTEL CORP (INTC) - 4.41% | BROADCOM INC (AVGO) - 3.10% |
| #7 | ALPHABET INC CLASS A (GOOGL) - 4.40% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | APPLE INC (AAPL) - 4.39% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 4.35% | TESLA INC (TSLA) - 1.89% |
| #10 | INVESCO S&P 500® EQUAL WEIGHT ETF (RSP) - 4.02% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 3.93% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | AMPHENOL CORP CLASS A (APH) - 3.56% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | API GROUP CORP (APG) - 3.54% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | BROADCOM INC (AVGO) - 3.43% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | GE AEROSPACE (GE) - 3.34% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | AMETEK INC (AME) - 3.33% | INTEL CORP (INTC) - 0.90% |
| #17 | AMAZON.COM INC (AMZN) - 3.21% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | TEL AVIV STOCK EXCHANGE LTD ORDINARY SHARES (n/a) - 2.85% | VISA INC CLASS A (V) - 0.85% |
| #19 | TRANSDIGM GROUP INC (TDG) - 2.77% | WALMART INC (WMT) - 0.81% |
| #20 | HILTON WORLDWIDE HOLDINGS INC (HLT) - 2.50% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | ADDTECH AB CLASS B (n/a) - 2.32% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | PERIMETER SOLUTIONS INC (PRM) - 2.30% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | CURTISS-WRIGHT CORP (CW) - 1.94% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | STARBUCKS CORP (SBUX) - 1.89% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | BK TECHNOLOGIES CORP (BKTI) - 1.62% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 33 | 505 |
RW vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
RW
+0.29%
Winner
SPY
+1.90%
3M
RW
-1.16%
Winner
SPY
+8.55%
6M
RW
-2.00%
Winner
SPY
+8.18%
1Y
RW
-1.22%
Winner
SPY
+25.79%
5Y(CAGR)
RW
N/A
SPY
+13.32%
10Y(CAGR)
RW
N/A
SPY
+15.19%
Max(CAGR)
RW
-1.26%
Winner
SPY
+8.47%
RW vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | RW | SPY |
|---|---|---|
| 2026 | -1.31% | +8.26% |
| 2025 | -0.05% | +18.00% |
| 2024 | N/A | +25.59% |
| 2023 | N/A | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
RW vs SPY Drawdown Comparison
The maximum drawdown for RW was -17.04%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current RW drawdown is -7.11%. The current SPY drawdown is -2.90%.
| Rank | RW | SPY |
|---|---|---|
| #1 | -17.04% Jul 25, 2025 - Mar 30, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -1.27% Jun 30, 2025 - Jul 14, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -1.23% Jul 21, 2025 - Jul 25, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -0.95% Jul 14, 2025 - Jul 17, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -0.47% Jun 24, 2025 - Jun 27, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | N/A | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | N/A | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | N/A | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | N/A | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | N/A | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | N/A | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | N/A | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | N/A | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | N/A | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between RW and SPY is -0.23 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.23
-101
Dividend Comparison (1999 - 2026)
RW vs SPY dividend yield comparison.
| Year | RW | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 0.10% | 1.07% |
| 2024 | 0.00% | 1.21% |
| 2023 | 0.00% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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