GDE vs. PWRD
GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and PWRD (TCW Transform Systems ETF) are both exchange-traded funds - GDE is a Gold fund actively managed by WisdomTree, while PWRD is a Energy Equities fund actively managed by TCW. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. GDE charges 0.20%/yr vs 0.75%/yr for PWRD.
Performance
GDE vs. PWRD - Performance Comparison
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Returns By Period
In the year-to-date period, GDE achieves a 5.74% return, which is significantly lower than PWRD's 15.73% return.
GDE
- 1D
- 0.95%
- 1M
- -7.44%
- YTD
- 5.74%
- 6M
- 8.50%
- 1Y
- 47.93%
- 3Y*
- 44.47%
- 5Y*
- —
- 10Y*
- —
PWRD
- 1D
- 0.94%
- 1M
- -0.53%
- YTD
- 15.73%
- 6M
- 13.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDE vs. PWRD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 5.74% | 39.56% |
PWRD TCW Transform Systems ETF | 15.73% | 7.66% |
Correlation
The correlation between GDE and PWRD is 0.50, 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 | 0.50 |
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Return for Risk
GDE vs. PWRD — Risk / Return Rank
GDE
PWRD
GDE vs. PWRD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) 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.
| GDE | PWRD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | — | — |
| Martin ratioReturn relative to average drawdown | 6.49 | — | — |
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
| GDE | PWRD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.09 | +0.01 |
Drawdowns
GDE vs. PWRD - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, which is greater than PWRD's maximum drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for GDE and PWRD.
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Drawdown Indicators
| GDE | PWRD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -14.12% | -17.89% |
Max Drawdown (1Y)Largest decline over 1 year | -22.66% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | — | — |
Current DrawdownCurrent decline from peak | -14.44% | -4.12% | -10.32% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -3.17% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.40% | — | — |
Volatility
GDE vs. PWRD - Volatility Comparison
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Volatility by Period
| GDE | PWRD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 25.04% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.09% | 24.34% | +4.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.26% | 24.34% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.26% | 24.34% | +1.92% |
GDE vs. PWRD - Expense Ratio Comparison
GDE has a 0.20% expense ratio, which is lower than PWRD's 0.75% expense ratio.
Dividends
GDE vs. PWRD - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 4.09%, while PWRD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.09% | 4.32% | 7.14% | 2.22% | 0.81% |
PWRD TCW Transform Systems ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDE and PWRD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GDE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GDE is cheaper with a 0.20% expense ratio, compared with 0.75% for PWRD.
GDE has the higher dividend yield at 4.09%, compared with 0.00% for PWRD.
GDE is categorized as Gold, while PWRD is Energy Equities. They also come from different issuers: WisdomTree and TCW. Their fees differ too: 0.20% for GDE and 0.75% for PWRD.
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