CTEF vs. PWRD

Last updated Jun 13, 2026

CTEF (Castellan Targeted Equity ETF) and PWRD (TCW Transform Systems ETF) are both exchange-traded funds - CTEF is a Mid Cap Blend Equities fund actively managed by Castellan, while PWRD is a Energy Equities fund actively managed by TCW. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. CTEF charges 0.45%/yr vs 0.75%/yr for PWRD.

Performance

CTEF vs. PWRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Castellan Targeted Equity ETF (CTEF) 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, CTEF achieves a 32.85% return, which is significantly higher than PWRD's 18.40% return.

CTEF

• 1D: 1.34%
• 1M: 8.36%
• YTD: 32.85%
• 6M: 34.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PWRD

• 1D: 1.68%
• 1M: 0.32%
• YTD: 18.40%
• 6M: 18.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CTEF vs. PWRD - Yearly Performance Comparison

	2026 (YTD)	2025
CTEF Castellan Targeted Equity ETF	32.85%	29.04%
PWRD TCW Transform Systems ETF	18.40%	7.81%

Correlation

The correlation between CTEF and PWRD is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.79

Return for Risk

CTEF vs. PWRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Castellan Targeted Equity ETF (CTEF) 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.

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

Drawdowns

CTEF vs. PWRD - Drawdown Comparison

The maximum CTEF drawdown since its inception was -15.00%, which is greater than PWRD's maximum drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for CTEF and PWRD.

Drawdown Indicators

	CTEF	PWRD	Difference
Max Drawdown Largest peak-to-trough decline	-15.00%	-14.12%	-0.88%
Current Drawdown Current decline from peak	0.00%	-1.91%	+1.91%
Average Drawdown Average peak-to-trough decline	-1.78%	-3.18%	+1.40%

Volatility

Volatility by Period

	CTEF	PWRD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	22.30%	24.91%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	24.91%	-2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	24.91%	-2.61%

CTEF vs. PWRD - Expense Ratio Comparison

CTEF has a 0.45% expense ratio, which is lower than PWRD's 0.75% expense ratio.

Dividends

CTEF vs. PWRD - Dividend Comparison

CTEF's dividend yield for the trailing twelve months is around 0.06%, while PWRD has not paid dividends to shareholders.

Position	TTM	2025
CTEF Castellan Targeted Equity ETF	0.06%	0.08%
PWRD TCW Transform Systems ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CTEF and PWRD in my portfolio?

CTEF and PWRD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CTEF or PWRD?

On fees, CTEF is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CTEF or PWRD?

CTEF is cheaper with a 0.45% expense ratio, compared with 0.75% for PWRD.

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

CTEF has the higher dividend yield at 0.06%, compared with 0.00% for PWRD.

What is the main difference between CTEF and PWRD?

CTEF is categorized as Mid Cap Blend Equities, while PWRD is Energy Equities. They also come from different issuers: Castellan and TCW. Their fees differ too: 0.45% for CTEF and 0.75% for PWRD.