EXI vs. PWRD
EXI (iShares Global Industrials ETF) and PWRD (TCW Transform Systems ETF) are both exchange-traded funds - EXI is a Industrials Equities fund tracking the S&P Global 1200 / Industrials -SEC, while PWRD is a Energy Equities fund actively managed by TCW. EXI is passively managed, while PWRD is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. EXI charges 0.43%/yr vs 0.75%/yr for PWRD.
Performance
EXI vs. PWRD - Performance Comparison
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Returns By Period
In the year-to-date period, EXI achieves a 10.88% return, which is significantly lower than PWRD's 19.81% return.
EXI
- 1D
- -0.21%
- 1M
- 1.21%
- YTD
- 10.88%
- 6M
- 13.08%
- 1Y
- 22.09%
- 3Y*
- 20.74%
- 5Y*
- 11.17%
- 10Y*
- 12.43%
PWRD
- 1D
- -0.09%
- 1M
- 3.10%
- YTD
- 19.81%
- 6M
- 18.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EXI vs. PWRD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EXI iShares Global Industrials ETF | 10.88% | 6.85% |
PWRD TCW Transform Systems ETF | 19.81% | 7.66% |
Correlation
The correlation between EXI and PWRD is 0.76, 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 30, 2025 | 0.76 |
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Return for Risk
EXI vs. PWRD — Risk / Return Rank
EXI
PWRD
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | — | — |
| Martin ratioReturn relative to average drawdown | 7.30 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EXI | PWRD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.32 | -0.89 |
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.
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Drawdown Indicators
| EXI | PWRD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.60% | -14.12% | -48.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.56% | — | — |
Current DrawdownCurrent decline from peak | -3.16% | -0.74% | -2.42% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -3.17% | -6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | — | — |
Volatility
EXI vs. PWRD - Volatility Comparison
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Volatility by Period
| EXI | PWRD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.42% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 24.03% | -8.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 24.03% | -7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 24.03% | -5.62% |
EXI vs. PWRD - Expense Ratio Comparison
EXI has a 0.43% expense ratio, which is lower than PWRD's 0.75% expense ratio.
Dividends
EXI vs. PWRD - Dividend Comparison
EXI's dividend yield for the trailing twelve months is around 1.19%, while PWRD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXI iShares Global Industrials ETF | 1.19% | 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% |
Frequently Asked Questions
EXI and PWRD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXI is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXI is cheaper with a 0.43% expense ratio, compared with 0.75% for PWRD.
EXI has the higher dividend yield at 1.19%, compared with 0.00% for PWRD.
EXI is categorized as Industrials Equities, while PWRD is Energy Equities. They also come from different issuers: iShares and TCW. Their fees differ too: 0.43% for EXI and 0.75% for PWRD.
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