DVXE vs. PWRD

Last updated Jun 5, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and PWRD (TCW Transform Systems ETF) are both Energy Equities funds. DVXE is passively managed, while PWRD is actively managed. At a correlation of -0.04, they often move in opposite directions. DVXE charges 0.89%/yr vs 0.75%/yr for PWRD.

Performance

DVXE vs. PWRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Energy XLE Defined Volatility ETF (DVXE) 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, DVXE achieves a 44.86% return, which is significantly higher than PWRD's 19.90% return.

DVXE

• 1D: -0.08%
• 1M: -2.12%
• YTD: 44.86%
• 6M: 38.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PWRD

• 1D: 0.07%
• 1M: 1.28%
• YTD: 19.90%
• 6M: 17.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVXE vs. PWRD - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	44.86%	4.49%
PWRD TCW Transform Systems ETF	19.90%	2.80%

Correlation

The correlation between DVXE and PWRD is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	-0.04

Return for Risk

DVXE vs. PWRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) 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.

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

Sharpe Ratios by Period

	DVXE	PWRD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	1.32	+0.66

Drawdowns

DVXE vs. PWRD - Drawdown Comparison

The maximum DVXE drawdown since its inception was -17.96%, which is greater than PWRD's maximum drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for DVXE and PWRD.

Drawdown Indicators

	DVXE	PWRD	Difference
Max Drawdown Largest peak-to-trough decline	-17.96%	-14.12%	-3.84%
Current Drawdown Current decline from peak	-12.06%	-0.67%	-11.39%
Average Drawdown Average peak-to-trough decline	-5.83%	-3.15%	-2.68%

Volatility

Volatility by Period

	DVXE	PWRD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	31.16%	23.98%	+7.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.16%	23.98%	+7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	23.98%	+7.18%

DVXE vs. PWRD - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is higher than PWRD's 0.75% expense ratio.

Dividends

DVXE vs. PWRD - Dividend Comparison

Neither DVXE nor PWRD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DVXE and PWRD in my portfolio?

DVXE and PWRD have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVXE or PWRD?

On fees, PWRD is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXE or PWRD?

PWRD is cheaper with a 0.75% expense ratio, compared with 0.89% for DVXE.

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

DVXE and PWRD have nearly identical dividend yields, around 0.00%.

What is the main difference between DVXE and PWRD?

They also come from different issuers: WEBs and TCW. Their fees differ too: 0.89% for DVXE and 0.75% for PWRD.