AIPO vs. PWRD

Last updated Jun 25, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and PWRD (TCW Transform Systems ETF) are both exchange-traded funds - AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index, while PWRD is a Energy Equities fund actively managed by TCW. AIPO is passively managed, while PWRD is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. AIPO charges 0.69%/yr vs 0.75%/yr for PWRD.

Performance

AIPO vs. PWRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) and TCW Transform Systems ETF (PWRD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIPO achieves a 48.78% return, which is significantly higher than PWRD's 21.92% return.

AIPO

• 1D: -0.51%
• 1M: 1.70%
• YTD: 48.78%
• 6M: 44.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PWRD

• 1D: -0.04%
• 1M: 4.92%
• YTD: 21.92%
• 6M: 19.75%
• 1Y: 34.37%
• 3Y*: 33.16%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIPO vs. PWRD - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	48.78%	9.46%
PWRD TCW Transform Systems ETF	21.92%	3.09%

Correlation

The correlation between AIPO and PWRD is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.92

Return for Risk

AIPO vs. PWRD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIPO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PWRD

PWRD Risk / Return Rank: 46
PWRD Sharpe Ratio Rank: 43
PWRD Sortino Ratio Rank: 41
PWRD Omega Ratio Rank: 41
PWRD Calmar Ratio Rank: 55
PWRD Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIPO vs. PWRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) and TCW Transform Systems ETF (PWRD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AIPO	PWRD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.37	—
Sortino ratio: Return per unit of downside risk	—	1.90	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.44	—
Martin ratio: Return relative to average drawdown	—	8.09	—

Drawdowns

AIPO vs. PWRD - Drawdown Comparison

The maximum AIPO drawdown since its inception was -17.31%, smaller than the maximum PWRD drawdown of -25.87%. Use the drawdown chart below to compare losses from any high point for AIPO and PWRD.

Drawdown Indicators

	AIPO	PWRD	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-25.87%	+8.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.12%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.87%	—
Current Drawdown Current decline from peak	-5.35%	-4.35%	-1.00%
Average Drawdown Average peak-to-trough decline	-4.45%	-5.07%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.26%	—

Volatility

Volatility by Period

	AIPO	PWRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.52%	25.28%	+10.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.52%	22.87%	+12.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.52%	22.87%	+12.65%

AIPO vs. PWRD - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is lower than PWRD's 0.75% expense ratio.

Dividends

AIPO vs. PWRD - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than PWRD's 0.05% yield.

Position	TTM	2025	2024	2023	2022
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	0.00%	0.00%
PWRD TCW Transform Systems ETF	0.05%	0.22%	0.49%	0.78%	0.91%

Frequently Asked Questions

Can I hold both AIPO and PWRD in my portfolio?

With a correlation of 0.92, AIPO and PWRD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, AIPO or PWRD?

On fees, AIPO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIPO or PWRD?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.75% for PWRD.

Which ETF pays a higher dividend yield, AIPO or PWRD?

PWRD has the higher dividend yield at 0.05%, compared with 0.01% for AIPO.

What is the main difference between AIPO and PWRD?

AIPO is categorized as Building & Construction, while PWRD is Energy Equities. They also come from different issuers: Defiance and TCW. Their fees differ too: 0.69% for AIPO and 0.75% for PWRD.