RW vs ZMUN

Comparison between RAINWATER EQUITY ETF (RW, ETF) and F/M CALLABLE TAX-FREE MUNICIPAL ETF (ZMUN, ETF).

RW vs ZMUN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RW(ETF)	ZMUN(ETF)
Net Assets	$17M	$18M
Expense Ratio	1.25%	0.30%
Max Drawdown	17.13%	0.45%
Sharpe Ratio	-0.23	-0.36
5Y Beta	1.04	0.00
P/E Ratio	43.40	N/A
Forward P/E	29.79	N/A
PEG Ratio	0.85	N/A
5Y EPS CAGR	23.79%	N/A
Debt to Equity	-56.47%	N/A
P/S Ratio	6.51	N/A
P/B Ratio	6.93	N/A

Net Assets

$17M

Winner

ZMUN

$18M

Expense Ratio

1.25%

Winner

ZMUN

0.30%

Max Drawdown

17.13%

Winner

ZMUN

0.45%

Sharpe Ratio

Winner

-0.23

ZMUN

-0.36

5Y Beta

1.04

Winner

ZMUN

0.00

P/E Ratio

43.40

ZMUN

N/A

Forward P/E

29.79

ZMUN

N/A

PEG Ratio

0.85

ZMUN

N/A

5Y EPS CAGR

23.79%

ZMUN

N/A

Debt to Equity

-56.47%

ZMUN

N/A

P/S Ratio

6.51

ZMUN

N/A

P/B Ratio

6.93

ZMUN

N/A

RW vs ZMUN - Historical Returns

Returns include dividend reinvestment.

Period	RW	ZMUN
1 month	+0.29%	+0.31%
3 months	-1.16%	+0.90%
6 months	-2.00%	+1.85%
1 year	-1.22%	N/A
Max(CAGR)	-1.26%	+3.49%

+0.29%

Winner

ZMUN

+0.31%

-1.16%

Winner

ZMUN

+0.90%

-2.00%

Winner

ZMUN

+1.85%

-1.22%

ZMUN

N/A

Max(CAGR)

-1.26%

Winner

ZMUN

+3.49%

RW vs ZMUN - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	RW	ZMUN
2026	-1.31%	+1.60%
2025	-0.05%	+0.73%

RW vs ZMUN 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 ZMUN was -0.08%, occurring on Nov 5, 2025. Recovery took 9 trading sessions.

The current RW drawdown is -7.11%.

Rank	RW	ZMUN
#1	-17.04% Jul 25, 2025 - Mar 30, 2026	-0.08% Oct 28, 2025 - Nov 10, 2025
#2	-1.27% Jun 30, 2025 - Jul 14, 2025	-0.07% May 4, 2026 - May 11, 2026
#3	-1.23% Jul 21, 2025 - Jul 25, 2025	-0.07% Mar 4, 2026 - Mar 12, 2026
#4	-0.95% Jul 14, 2025 - Jul 17, 2025	-0.06% Jan 27, 2026 - Feb 4, 2026
#5	-0.47% Jun 24, 2025 - Jun 27, 2025	-0.05% Oct 3, 2025 - Oct 15, 2025
#6	N/A	-0.05% Apr 28, 2026 - May 1, 2026
#7	N/A	-0.05% Feb 18, 2026 - Feb 23, 2026
#8	N/A	-0.04% Apr 2, 2026 - Apr 8, 2026
#9	N/A	-0.04% Apr 9, 2026 - Apr 16, 2026
#10	N/A	-0.04% Jan 20, 2026 - Jan 26, 2026
#11	N/A	-0.04% Apr 17, 2026 - Apr 24, 2026
#12	N/A	-0.03% Feb 10, 2026 - Feb 13, 2026
#13	N/A	-0.03% Nov 11, 2025 - Nov 18, 2025
#14	N/A	-0.03% Jan 9, 2026 - Jan 13, 2026
#15	N/A	-0.02% Feb 24, 2026 - Feb 27, 2026

Correlation

Correlation between RW and ZMUN is -0.48 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.48

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