GRW vs. PWRD

Last updated Jun 5, 2026

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. At a correlation of -0.40, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

GRW vs. PWRD - Performance Comparison

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

Returns By Period

GRW

• 1D: 0.18%
• 1M: —
• YTD: —
• 6M: —
• 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)

GRW vs. PWRD - Yearly Performance Comparison

	2026 (YTD)
GRW TCW Durable Growth ETF	1.46%
PWRD TCW Transform Systems ETF	2.11%

Correlation

The correlation between GRW and PWRD is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.40

Return for Risk

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.

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

Sharpe Ratios by Period

	GRW	PWRD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	13.58	1.32	+12.26

Drawdowns

GRW vs. PWRD - Drawdown Comparison

The maximum GRW drawdown since its inception was -0.45%, smaller than the maximum PWRD drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for GRW and PWRD.

Drawdown Indicators

	GRW	PWRD	Difference
Max Drawdown Largest peak-to-trough decline	-0.45%	-14.12%	+13.67%
Current Drawdown Current decline from peak	-0.27%	-0.67%	+0.40%
Average Drawdown Average peak-to-trough decline	-0.17%	-3.15%	+2.98%

Volatility

Volatility by Period

	GRW	PWRD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	8.89%	23.98%	-15.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.89%	23.98%	-15.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.89%	23.98%	-15.09%

GRW vs. PWRD - Expense Ratio Comparison

Both GRW and PWRD have an expense ratio of 0.75%.

Dividends

GRW vs. PWRD - Dividend Comparison

Neither GRW nor PWRD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GRW and PWRD in my portfolio?

GRW and PWRD have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GRW or PWRD?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GRW or PWRD?

GRW and PWRD have the same expense ratio: 0.75% per year.

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

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

What is the main difference between GRW and PWRD?

GRW is categorized as Large Cap Growth Equities, while PWRD is Energy Equities.