GRW vs. PWRD
GRW (TCW Durable Growth ETF) and PWRD (TCW Transform Systems ETF) are both exchange-traded funds - GRW is a Large Cap Growth Equities fund actively managed by TCW, while PWRD is a Energy Equities fund actively managed by TCW. Both are actively managed. Their 0.57 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.
Performance
GRW vs. PWRD - Performance Comparison
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Returns By Period
GRW
- 1D
- 1.13%
- 1M
- -1.32%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PWRD
- 1D
- 1.38%
- 1M
- -6.14%
- 6M
- 8.24%
- YTD
- 12.31%
- 1Y
- 16.15%
- 3Y*
- 26.89%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $173.33K | $124.39K | $212.92K | |
| $9.89M | $10.00M | $12.60M |
GRW vs. PWRD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GRW TCW Durable Growth ETF | 2.98% |
PWRD TCW Transform Systems ETF | -4.68% |
Correlation
The correlation between GRW and PWRD is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.57 |
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Return for Risk
GRW vs. PWRD — Risk / Return Rank
GRW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PWRD
GRW vs. PWRD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Durable Growth ETF (GRW) 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.
| GRW | PWRD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.82 | — |
| Martin ratioReturn relative to average drawdown | — | 2.80 | — |
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Drawdowns
GRW vs. PWRD - Drawdown Comparison
The maximum GRW drawdown since its inception was -4.12%, smaller than the maximum PWRD drawdown of -25.87%. Use the drawdown chart below to compare losses from any high point for GRW and PWRD.
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Drawdown Indicators
| GRW | PWRD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -25.87% | +21.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.46% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.87% | — |
Current DrawdownCurrent decline from peak | -1.85% | -12.22% | +10.37% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -5.14% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.13% | — |
Volatility
GRW vs. PWRD - Volatility Comparison
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Volatility by Period
| GRW | PWRD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.72% | 27.86% | -12.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 23.45% | -7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.72% | 23.45% | -7.73% |
GRW vs. PWRD - Expense Ratio Comparison
Both GRW and PWRD have an expense ratio of 0.75%.
Dividends
GRW vs. PWRD - Dividend Comparison
GRW has not paid dividends to shareholders, while PWRD's dividend yield for the trailing twelve months is around 0.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GRW TCW Durable Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PWRD TCW Transform Systems ETF | 0.06% | 0.22% | 0.49% | 0.78% | 0.91% |
Frequently Asked Questions
GRW and PWRD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GRW and PWRD have the same expense ratio: 0.75% per year.
PWRD has the higher dividend yield at 0.06%, compared with 0.00% for GRW.
GRW is categorized as Large Cap Growth Equities, while PWRD is Energy Equities.
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