- ISIN
- US29287L2051
- CUSIP
- 29287L205
- Issuer
- TCW
- Inception Date
- Feb 2, 2022
- Category
- Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $809M
Share Price Chart
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Performance
PWRD Performance Chart
TCW Transform Systems ETF (PWRD) is up 19.8% since the beginning of the year. PWRD is currently trading at $115 per share.
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Returns By Period
TCW Transform Systems ETF (PWRD) has returned 19.84% so far this year and 28.73% over the past 12 months.
TCW Transform Systems ETF
- 1D
- -0.16%
- 1M
- 1.22%
- 6M
- 16.30%
- YTD
- 19.84%
- 1Y
- 28.73%
- 3Y*
- 30.74%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.42%
- 1M
- 1.94%
- 6M
- 8.74%
- YTD
- 10.66%
- 1Y
- 21.02%
- 3Y*
- 19.50%
- 5Y*
- 11.63%
- 10Y*
- 13.41%
PWRD Monthly Returns History
Based on dividend-adjusted daily data since Feb 3, 2022, PWRD's average daily return is +0.09%, while the average monthly return is +1.84%. At this rate, an investment would double in approximately 3.2 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2026 with a return of +15.4%, while the worst month was Jun 2022 at -13.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PWRD closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +10.6%, while the worst single day was Jan 27, 2025 at -8.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.76% | 8.13% | -9.38% | 15.40% | -0.26% | 9.32% | -6.33% | 19.84% | |||||
| 2025 | 7.72% | -4.75% | -6.27% | 3.38% | 13.91% | 10.01% | 4.75% | -3.08% | 6.71% | 4.77% | -3.37% | -2.78% | 32.84% |
| 2024 | 2.42% | 9.84% | 7.25% | -1.28% | 5.07% | -3.63% | 0.84% | 2.32% | 5.14% | -1.32% | 6.50% | -6.51% | 28.54% |
| 2023 | 5.55% | -0.95% | 0.59% | -0.59% | -2.38% | 8.78% | 2.62% | -0.71% | -3.91% | -1.26% | 7.39% | 4.83% | 20.83% |
| 2022 | 1.31% | 8.01% | -10.65% | 3.98% | -13.25% | 15.25% | 2.07% | -10.00% | 9.57% | 2.77% | -7.93% | -3.18% |
Benchmark Metrics
TCW Transform Systems ETF has an annualized alpha of 9.10%, beta of 1.07, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since February 03, 2022.
- This ETF captured 120.71% of S&P 500 Index gains but only 82.35% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 9.10% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.07 and R2 of 0.64, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 9.10%
- Beta
- 1.07
- R²
- 0.64
- Upside Capture
- 120.71%
- Downside Capture
- 82.35%
Expense Ratio
PWRD has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PWRD ranks 43 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PWRD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.28 | -0.17 |
| Martin ratioReturn relative to average drawdown | 6.77 | 9.88 | -3.12 |
Dividends
Dividend History
TCW Transform Systems ETF provided a 0.05% dividend yield over the last twelve months, with an annual payout of $0.06 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.06 | $0.21 | $0.36 | $0.44 | $0.43 |
Dividend yield | 0.05% | 0.22% | 0.49% | 0.78% | 0.91% |
Monthly Dividends
The table displays the monthly dividend distributions for TCW Transform Systems ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.06 | |||||
| 2025 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 |
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.36 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.15 | $0.44 |
| 2022 | $0.04 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.43 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the TCW Transform Systems ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the TCW Transform Systems ETF was 25.87%, occurring on Apr 8, 2025. Recovery took 37 trading sessions.
The current TCW Transform Systems ETF drawdown is 6.33%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -25.87%Apr 2025 | 2mo 14d | 1mo 25d | 4mo 9dJan 2025 - Jun 2025 |
Bear market2022 | -21.49%Jul 2022 | 3mo 10d | 1y 25d | 1y 4moMar 2022 - Jul 2023 |
2026 correction2026 | -14.12%Mar 2026 | 1mo 2d | 24d | 1mo 26dFeb 2026 - Apr 2026 |
2024 correction2024 | -10.39%Aug 2024 | 2mo 9d | 1mo 15d | 3mo 24dMay 2024 - Sep 2024 |
2025 correction2025 | -10.00%Nov 2025 | 22d | 2mo 20d | 3mo 12dOct 2025 - Feb 2026 |
Drawdown Indicators
| PWRD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -56.78% | +30.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | -9.10% | -5.02% |
Max Drawdown (3Y)Largest decline over 3 years | -25.87% | -18.90% | -6.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.33% | -0.45% | -5.88% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -10.71% | +5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 2.09% | +2.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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