IDEQ vs. PWRD

Last updated Jun 13, 2026

IDEQ (Lazard International Dynamic Equity ETF) and PWRD (TCW Transform Systems ETF) are both exchange-traded funds - IDEQ is a Foreign Large Cap Equities fund actively managed by Lazard, while PWRD is a Energy Equities fund actively managed by TCW. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. IDEQ charges 0.40%/yr vs 0.75%/yr for PWRD.

Performance

IDEQ vs. PWRD - Performance Comparison

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

Returns By Period

In the year-to-date period, IDEQ achieves a 16.51% return, which is significantly lower than PWRD's 18.40% return.

IDEQ

• 1D: 0.28%
• 1M: 1.06%
• YTD: 16.51%
• 6M: 19.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PWRD

• 1D: 1.68%
• 1M: 0.32%
• YTD: 18.40%
• 6M: 18.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IDEQ vs. PWRD - Yearly Performance Comparison

	2026 (YTD)	2025
IDEQ Lazard International Dynamic Equity ETF	16.51%	12.10%
PWRD TCW Transform Systems ETF	18.40%	2.86%

Correlation

The correlation between IDEQ and PWRD is 0.71, 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 Aug 29, 2025	0.71

Return for Risk

IDEQ vs. PWRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard International Dynamic Equity ETF (IDEQ) 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.

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

Drawdowns

IDEQ vs. PWRD - Drawdown Comparison

The maximum IDEQ drawdown since its inception was -12.95%, smaller than the maximum PWRD drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for IDEQ and PWRD.

Drawdown Indicators

	IDEQ	PWRD	Difference
Max Drawdown Largest peak-to-trough decline	-12.95%	-14.12%	+1.17%
Current Drawdown Current decline from peak	-1.01%	-1.91%	+0.90%
Average Drawdown Average peak-to-trough decline	-2.11%	-3.18%	+1.07%

Volatility

Volatility by Period

	IDEQ	PWRD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.28%	24.91%	-5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.28%	24.91%	-5.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.28%	24.91%	-5.63%

IDEQ vs. PWRD - Expense Ratio Comparison

IDEQ has a 0.40% expense ratio, which is lower than PWRD's 0.75% expense ratio.

Dividends

IDEQ vs. PWRD - Dividend Comparison

IDEQ's dividend yield for the trailing twelve months is around 0.52%, while PWRD has not paid dividends to shareholders.

Position	TTM	2025
IDEQ Lazard International Dynamic Equity ETF	0.52%	0.60%
PWRD TCW Transform Systems ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDEQ and PWRD in my portfolio?

IDEQ and PWRD have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDEQ or PWRD?

On fees, IDEQ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDEQ or PWRD?

IDEQ is cheaper with a 0.40% expense ratio, compared with 0.75% for PWRD.

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

IDEQ has the higher dividend yield at 0.52%, compared with 0.00% for PWRD.

What is the main difference between IDEQ and PWRD?

IDEQ is categorized as Foreign Large Cap Equities, while PWRD is Energy Equities. They also come from different issuers: Lazard and TCW. Their fees differ too: 0.40% for IDEQ and 0.75% for PWRD.