EXI vs. PWRD

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Global Industrials ETF (EXI) and TCW Transform Systems ETF (PWRD).

EXI and PWRD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EXI is a passively managed fund by iShares that tracks the performance of the S&P Global 1200 / Industrials -SEC. It was launched on Sep 12, 2006. PWRD is an actively managed fund by TCW. It was launched on Feb 2, 2022.

Performance

EXI vs. PWRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Industrials ETF (EXI) and TCW Transform Systems ETF (PWRD). The values are adjusted to include any dividend payments, if applicable.

EXI vs. PWRD - Yearly Performance Comparison

	2026 (YTD)	2025
EXI iShares Global Industrials ETF	3.23%	6.85%
PWRD TCW Transform Systems ETF	1.67%	7.66%

Returns By Period

In the year-to-date period, EXI achieves a 3.23% return, which is significantly higher than PWRD's 1.67% return.

EXI

• 1D: 3.33%
• 1M: -9.43%
• YTD: 3.23%
• 6M: 5.36%
• 1Y: 26.25%
• 3Y*: 18.50%
• 5Y*: 10.87%
• 10Y*: 11.79%

PWRD

• 1D: 4.03%
• 1M: -9.38%
• YTD: 1.67%
• 6M: 0.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EXI vs. PWRD - Expense Ratio Comparison

EXI has a 0.43% expense ratio, which is lower than PWRD's 0.75% expense ratio.

PWRD

TCW Transform Systems ETF

EXI

iShares Global Industrials ETF

Return for Risk

EXI vs. PWRD — Risk / Return Rank

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

EXI

EXI Risk / Return Rank: 79
EXI Sharpe Ratio Rank: 78
EXI Sortino Ratio Rank: 80
EXI Omega Ratio Rank: 78
EXI Calmar Ratio Rank: 79
EXI Martin Ratio Rank: 81

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.

EXI vs. PWRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Industrials ETF (EXI) 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.

	EXI	PWRD	Difference
Sharpe ratio Return per unit of total volatility	1.40	—	—
Sortino ratio Return per unit of downside risk	2.01	—	—
Omega ratio Gain probability vs. loss probability	1.29	—	—
Calmar ratio Return relative to maximum drawdown	2.10	—	—
Martin ratio Return relative to average drawdown	8.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EXI	PWRD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.54	-0.13

Correlation

The correlation between EXI and PWRD is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EXI vs. PWRD - Dividend Comparison

EXI's dividend yield for the trailing twelve months is around 1.28%, while PWRD has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXI iShares Global Industrials ETF	1.28%	1.32%	1.47%	1.84%	1.63%	1.42%	1.26%	1.72%	2.21%	1.48%	1.75%	1.95%
PWRD TCW Transform Systems ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EXI vs. PWRD - Drawdown Comparison

The maximum EXI drawdown since its inception was -62.60%, which is greater than PWRD's maximum drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for EXI and PWRD.

Drawdown Indicators

	EXI	PWRD	Difference
Max Drawdown Largest peak-to-trough decline	-62.60%	-14.12%	-48.48%
Max Drawdown (1Y) Largest decline over 1 year	-12.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.56%	—	—
Current Drawdown Current decline from peak	-9.43%	-10.66%	+1.23%
Average Drawdown Average peak-to-trough decline	-10.02%	-3.28%	-6.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	—	—

Volatility

Volatility by Period

	EXI	PWRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.83%	23.65%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	23.65%	-6.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	23.65%	-5.38%